Vinva Investment Management Ltd Sells 5,669 Shares of Cintas Co. (NASDAQ:CTAS)

Vinva Investment Management Ltd lessened its stake in Cintas Co. (NASDAQ:CTAS) by 50.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,479 shares of the business services provider’s stock after selling 5,669 shares during the period. Vinva Investment Management Ltd’s holdings in Cintas were worth $1,006,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. State Street Corp grew its position in shares of Cintas by 299.3% during the 3rd quarter. State Street Corp now owns 14,555,558 shares of the business services provider’s stock valued at $2,996,697,000 after acquiring an additional 10,910,285 shares during the period. FMR LLC grew its position in shares of Cintas by 297.3% during the 3rd quarter. FMR LLC now owns 8,781,132 shares of the business services provider’s stock valued at $1,807,860,000 after acquiring an additional 6,571,128 shares during the period. Geode Capital Management LLC grew its position in shares of Cintas by 309.7% during the 3rd quarter. Geode Capital Management LLC now owns 8,248,271 shares of the business services provider’s stock valued at $1,693,654,000 after acquiring an additional 6,235,052 shares during the period. Franklin Resources Inc. grew its position in shares of Cintas by 264.7% during the 3rd quarter. Franklin Resources Inc. now owns 3,279,029 shares of the business services provider’s stock valued at $693,503,000 after acquiring an additional 2,379,932 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Cintas by 308.2% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,522,921 shares of the business services provider’s stock valued at $519,419,000 after acquiring an additional 1,904,926 shares during the period. Institutional investors own 63.46% of the company’s stock.

Cintas Stock Down 1.0 %

Shares of CTAS stock opened at $194.46 on Friday. The stock has a market cap of $78.47 billion, a P/E ratio of 46.89, a PEG ratio of 3.98 and a beta of 1.41. Cintas Co. has a 52 week low of $158.10 and a 52 week high of $228.12. The company has a quick ratio of 1.38, a current ratio of 1.58 and a debt-to-equity ratio of 0.47. The company’s fifty day simple moving average is $200.43 and its two-hundred day simple moving average is $208.92.

Cintas (NASDAQ:CTAS) last announced its earnings results on Thursday, December 19th. The business services provider reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.08. The firm had revenue of $2.56 billion for the quarter, compared to analysts’ expectations of $2.56 billion. Cintas had a net margin of 17.23% and a return on equity of 40.62%. The business’s revenue was up 7.8% compared to the same quarter last year. During the same period in the prior year, the company earned $3.61 EPS. Analysts predict that Cintas Co. will post 4.31 EPS for the current fiscal year.

Cintas Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 14th were given a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 0.80%. The ex-dividend date was Friday, February 14th. Cintas’s dividend payout ratio is 37.59%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on CTAS shares. Royal Bank of Canada reissued a “sector perform” rating and set a $215.00 price objective on shares of Cintas in a research report on Friday, December 20th. Citigroup initiated coverage on shares of Cintas in a report on Monday, February 24th. They issued a “sell” rating and a $161.00 target price for the company. Morgan Stanley upped their target price on shares of Cintas from $185.00 to $202.00 and gave the stock an “equal weight” rating in a report on Thursday, December 12th. UBS Group dropped their target price on shares of Cintas from $240.00 to $218.00 and set a “buy” rating for the company in a report on Friday, December 20th. Finally, Robert W. Baird dropped their target price on shares of Cintas from $209.00 to $200.00 and set a “neutral” rating for the company in a report on Friday, December 20th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the company. According to MarketBeat.com, Cintas currently has an average rating of “Hold” and a consensus price target of $199.79.

Cintas Profile

Cintas Corporation engages in the provision of corporate identity uniforms and related business services primarily in the United States, Canada, and Latin America. It operates through Uniform Rental and Facility Services, First Aid and Safety Services, and All Other segments. The company rents and services uniforms and other garments, including flame resistant clothing, mats, mops and shop towels, and other ancillary items; and provides restroom cleaning services and supplies, as well as sells uniforms.