Cintas Co. (NASDAQ:CTAS) Shares Acquired by Brown Brothers Harriman & Co.

Brown Brothers Harriman & Co. boosted its position in Cintas Co. (NASDAQ:CTAS) by 6.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,901 shares of the business services provider’s stock after purchasing an additional 591 shares during the period. Brown Brothers Harriman & Co.’s holdings in Cintas were worth $1,809,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the business. Sound Income Strategies LLC purchased a new position in shares of Cintas during the 4th quarter worth approximately $27,000. Cyrus J. Lawrence LLC acquired a new position in Cintas during the fourth quarter worth $29,000. Endeavor Private Wealth Inc. purchased a new position in Cintas in the fourth quarter worth $31,000. IAG Wealth Partners LLC lifted its holdings in Cintas by 136.8% in the fourth 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 period. Finally, Newbridge Financial Services Group Inc. purchased a new stake in shares of Cintas during the 4th quarter worth $34,000. Hedge funds and other institutional investors own 63.46% of the company’s stock.

Cintas Stock Down 1.5 %

Shares of NASDAQ:CTAS opened at $203.22 on Friday. 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 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. Cintas Co. has a 52-week low of $162.16 and a 52-week high of $228.12. The stock’s fifty day simple moving average is $201.01 and its 200-day simple moving average is $208.92.

Cintas (NASDAQ:CTAS) last released its 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. The company had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.60 billion. Cintas had a net margin of 17.23% and a return on equity of 40.62%. The firm’s quarterly revenue was up 8.4% on a year-over-year basis. During the same period in the prior year, the firm earned $3.84 EPS. As a group, equities research analysts forecast that Cintas Co. will post 4.31 earnings per share for the current fiscal year.

Cintas Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 14th were given a dividend of $0.39 per share. The ex-dividend date was Friday, February 14th. This represents a $1.56 dividend on an annualized basis and a yield of 0.77%. Cintas’s dividend payout ratio (DPR) is currently 36.11%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on CTAS shares. The Goldman Sachs Group increased their price target on shares of Cintas from $211.00 to $233.00 and gave the company a “buy” rating in a report on Thursday. UBS Group increased their target price on shares of Cintas from $218.00 to $240.00 and gave the company a “buy” rating in a report on Thursday. Royal Bank of Canada reiterated a “sector perform” rating and set a $215.00 price target on shares of Cintas in a research report on Thursday. Truist Financial upped their price target on Cintas from $215.00 to $230.00 and gave the stock a “buy” rating in a report on Thursday. Finally, Morgan Stanley lifted their price objective on Cintas from $195.00 to $213.00 and gave the stock an “equal weight” rating in a report on Thursday. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $210.58.

Cintas Company 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.