Cintas Co. (NASDAQ:CTAS) Position Boosted by Invesco Ltd.

Invesco Ltd. boosted its position in Cintas Co. (NASDAQ:CTAS) by 6.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,118,479 shares of the business services provider’s stock after buying an additional 296,059 shares during the quarter. Invesco Ltd. owned approximately 1.27% of Cintas worth $935,146,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of CTAS. Sound Income Strategies LLC bought a new stake in shares of Cintas in the 4th quarter valued at approximately $27,000. Cyrus J. Lawrence LLC bought a new stake in Cintas during the fourth quarter valued at $29,000. Endeavor Private Wealth Inc. acquired a new position in shares of Cintas in the 4th quarter valued at about $31,000. IAG Wealth Partners LLC grew its position in shares of 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 buying an additional 104 shares during the last quarter. Finally, Newbridge Financial Services Group Inc. acquired a new stake in Cintas during the fourth quarter worth about $34,000. Institutional investors and hedge funds own 63.46% of the company’s stock.

Cintas Price Performance

Shares of NASDAQ:CTAS opened at $190.33 on Monday. Cintas Co. has a twelve month low of $162.16 and a twelve month high of $228.12. The company has a market cap of $76.81 billion, a price-to-earnings ratio of 45.89, a PEG ratio of 3.98 and a beta of 1.20. The business has a 50 day moving average price of $201.48 and a 200 day moving average price of $204.57. The company has a quick ratio of 1.38, a current ratio of 1.58 and a debt-to-equity ratio of 0.47.

Cintas (NASDAQ:CTAS) last announced its quarterly earnings data on Wednesday, March 26th. The business services provider reported $1.13 EPS for the quarter, topping analysts’ consensus estimates of $1.05 by $0.08. The company had revenue of $2.61 billion during the quarter, compared to the consensus estimate of $2.60 billion. Cintas had a return on equity of 40.62% and a net margin of 17.23%. The company’s quarterly revenue was up 8.4% on a year-over-year basis. During the same quarter last year, the company earned $3.84 EPS. Research analysts predict that Cintas Co. will post 4.31 earnings per share for the current year.

Cintas Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 14th were issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 0.82%. The ex-dividend date of this dividend was Friday, February 14th. Cintas’s payout ratio is 36.11%.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Royal Bank of Canada restated a “sector perform” rating and set a $215.00 price target on shares of Cintas in a research report on Thursday, March 27th. The Goldman Sachs Group lifted their target price on Cintas from $211.00 to $233.00 and gave the company a “buy” rating in a research note on Thursday, March 27th. Truist Financial boosted their price target on Cintas from $215.00 to $230.00 and gave the stock a “buy” rating in a research report on Thursday, March 27th. Citigroup assumed coverage on Cintas in a report on Monday, February 24th. They set a “sell” rating and a $161.00 price target on the stock. Finally, 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 research report on Thursday, March 27th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, Cintas currently has a consensus rating of “Hold” and an average target price of $210.58.

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.