Cintas Co. (NASDAQ:CTAS) Shares Acquired by California Public Employees Retirement System

California Public Employees Retirement System grew its holdings in Cintas Co. (NASDAQ:CTAS) by 8.8% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 967,917 shares of the business services provider’s stock after acquiring an additional 78,383 shares during the quarter. California Public Employees Retirement System owned about 0.24% of Cintas worth $176,838,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in CTAS. Guardian Wealth Advisors LLC raised its holdings in Cintas by 3.1% during the fourth quarter. Guardian Wealth Advisors LLC now owns 1,741 shares of the business services provider’s stock worth $318,000 after purchasing an additional 52 shares in the last quarter. MGB Wealth Management LLC lifted its position in Cintas by 0.7% in the fourth quarter. MGB Wealth Management LLC now owns 7,248 shares of the business services provider’s stock valued at $1,328,000 after acquiring an additional 52 shares during the last quarter. TIAA Trust National Association boosted its stake in Cintas by 1.0% in the fourth quarter. TIAA Trust National Association now owns 5,380 shares of the business services provider’s stock valued at $983,000 after acquiring an additional 52 shares in the last quarter. Aaron Wealth Advisors LLC grew its holdings in shares of Cintas by 2.0% during the fourth quarter. Aaron Wealth Advisors LLC now owns 2,803 shares of the business services provider’s stock worth $512,000 after purchasing an additional 55 shares during the last quarter. Finally, S.A. Mason LLC increased its position in shares of Cintas by 3.3% during the fourth quarter. S.A. Mason LLC now owns 1,703 shares of the business services provider’s stock worth $311,000 after purchasing an additional 55 shares in the last quarter. Institutional investors and hedge funds own 63.46% of the company’s stock.

Analyst Ratings Changes

CTAS has been the subject of a number of research analyst reports. Citigroup started coverage on Cintas in a research report on Monday, February 24th. They issued a “sell” rating and a $161.00 target price for the company. Wells Fargo & Company lifted their target price on shares of Cintas from $184.00 to $196.00 and gave the company an “underweight” rating in a report on Thursday. The Goldman Sachs Group raised their price objective on shares of Cintas from $211.00 to $233.00 and gave the stock a “buy” rating in a research report on Thursday. UBS Group upped 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. Finally, Morgan Stanley raised their price target 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 given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $210.58.

Cintas Trading Down 1.5 %

Shares of CTAS stock opened at $203.22 on Monday. The business’s fifty day moving average price is $201.01 and its 200 day moving average price is $204.62. The firm has a market capitalization of $82.01 billion, a PE ratio of 49.00, a P/E/G ratio of 3.98 and a beta of 1.41. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.58 and a quick ratio of 1.38. Cintas Co. has a 1-year low of $162.16 and a 1-year high of $228.12.

Cintas (NASDAQ:CTAS) last posted its quarterly earnings results on Wednesday, March 26th. The business services provider reported $1.13 earnings per share for the quarter, topping 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 analysts’ expectations of $2.60 billion. During the same period in the prior year, the company posted $3.84 EPS. The business’s revenue for the quarter was up 8.4% on a year-over-year basis. As a group, sell-side analysts forecast that Cintas Co. will post 4.31 EPS for the current fiscal year.

Cintas Dividend Announcement

The business also recently declared 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. 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 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.