Cintas Co. (NASDAQ:CTAS) Shares Sold by UniSuper Management Pty Ltd

UniSuper Management Pty Ltd trimmed its stake in Cintas Co. (NASDAQ:CTAS) by 60.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 24,516 shares of the business services provider’s stock after selling 37,357 shares during the quarter. UniSuper Management Pty Ltd’s holdings in Cintas were worth $4,479,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Sound Income Strategies LLC purchased a new position in Cintas in the fourth quarter valued at about $27,000. Cyrus J. Lawrence LLC bought a new stake in shares of Cintas in the fourth quarter worth $29,000. Endeavor Private Wealth Inc. acquired a new stake in Cintas in the fourth quarter valued at $31,000. IAG Wealth Partners LLC boosted its stake in Cintas by 136.8% during the 4th quarter. IAG Wealth Partners LLC now owns 180 shares of the business services provider’s stock valued at $33,000 after acquiring an additional 104 shares during the last quarter. Finally, Newbridge Financial Services Group Inc. bought a new stake in shares of Cintas in the 4th quarter worth about $34,000. Institutional investors and hedge funds own 63.46% of the company’s stock.

Analysts Set New Price Targets

CTAS has been the subject of several research reports. Wells Fargo & Company lifted their target price on Cintas from $184.00 to $196.00 and gave the stock an “underweight” rating in a research report on Thursday. Citigroup assumed coverage on shares of Cintas in a research note on Monday, February 24th. They set a “sell” rating and a $161.00 target price for the company. Robert W. Baird raised their price target on shares of Cintas from $200.00 to $227.00 and gave the stock a “neutral” rating in a research report on Thursday. Truist Financial increased their price objective on shares of Cintas from $215.00 to $230.00 and gave the stock a “buy” rating in a research note on Thursday. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $215.00 target price on shares of Cintas in a research note on Thursday. Two analysts have rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $210.58.

Cintas Trading Down 1.5 %

Shares of CTAS opened at $203.22 on Friday. The company has a current ratio of 1.58, a quick ratio of 1.38 and a debt-to-equity ratio of 0.47. Cintas Co. has a 1-year low of $162.16 and a 1-year high of $228.12. The stock has a market capitalization of $82.01 billion, a P/E ratio of 49.00, a P/E/G ratio of 3.98 and a beta of 1.41. The business’s 50-day moving average price is $201.01 and its 200 day moving average price is $208.88.

Cintas (NASDAQ:CTAS) last released its quarterly earnings results on Wednesday, March 26th. The business services provider reported $1.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.05 by $0.08. Cintas had a net margin of 17.23% and a return on equity of 40.62%. The business had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.60 billion. During the same quarter in the previous year, the business earned $3.84 earnings per share. The firm’s revenue was up 8.4% compared to the same quarter last year. Analysts expect that Cintas Co. will post 4.31 earnings per share for the current year.

Cintas Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 14th were issued a dividend of $0.39 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.77%. Cintas’s dividend payout ratio is 36.11%.

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.