Cintas Co. (NASDAQ:CTAS) Holdings Raised by Royal London Asset Management Ltd.

Royal London Asset Management Ltd. boosted its stake in Cintas Co. (NASDAQ:CTAS) by 310.5% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 141,032 shares of the business services provider’s stock after buying an additional 106,680 shares during the period. Royal London Asset Management Ltd.’s holdings in Cintas were worth $29,036,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Capital Investment Advisors LLC raised its stake in shares of Cintas by 3.8% in the 2nd quarter. Capital Investment Advisors LLC now owns 573 shares of the business services provider’s stock worth $401,000 after buying an additional 21 shares in the last quarter. QRG Capital Management Inc. raised its position in Cintas by 111.5% in the second quarter. QRG Capital Management Inc. now owns 7,355 shares of the business services provider’s stock worth $5,151,000 after acquiring an additional 3,878 shares in the last quarter. SG Americas Securities LLC lifted its holdings in Cintas by 19.8% in the 2nd quarter. SG Americas Securities LLC now owns 14,733 shares of the business services provider’s stock valued at $10,317,000 after acquiring an additional 2,439 shares during the last quarter. Gateway Investment Advisers LLC boosted its position in shares of Cintas by 329.0% during the 2nd quarter. Gateway Investment Advisers LLC now owns 1,300 shares of the business services provider’s stock valued at $910,000 after purchasing an additional 997 shares in the last quarter. Finally, Capital CS Group LLC grew its stake in shares of Cintas by 1.9% in the 2nd quarter. Capital CS Group LLC now owns 920 shares of the business services provider’s stock worth $644,000 after purchasing an additional 17 shares during the last quarter. Institutional investors and hedge funds own 63.46% of the company’s stock.

Cintas Trading Up 0.2 %

Cintas stock opened at $223.71 on Friday. The company has a quick ratio of 1.33, a current ratio of 1.53 and a debt-to-equity ratio of 0.50. Cintas Co. has a 12 month low of $136.87 and a 12 month high of $228.12. The company’s fifty day simple moving average is $214.14 and its 200-day simple moving average is $200.27. The stock has a market cap of $90.22 billion, a P/E ratio of 56.49, a P/E/G ratio of 4.38 and a beta of 1.33.

Cintas (NASDAQ:CTAS) last issued its quarterly earnings data on Wednesday, September 25th. The business services provider reported $1.10 earnings per share for the quarter, beating the consensus estimate of $1.00 by $0.10. The firm had revenue of $2.50 billion for the quarter, compared to analyst estimates of $2.49 billion. Cintas had a net margin of 16.80% and a return on equity of 39.56%. The company’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same quarter last year, the firm earned $3.70 earnings per share. As a group, sell-side analysts forecast that Cintas Co. will post 4.23 EPS for the current fiscal year.

Cintas Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 15th will be given a dividend of $0.39 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.56 dividend on an annualized basis and a yield of 0.70%. Cintas’s payout ratio is currently 39.39%.

Wall Street Analysts Forecast Growth

CTAS has been the subject of several recent research reports. Royal Bank of Canada increased their target price on shares of Cintas from $181.00 to $215.00 and gave the company a “sector perform” rating in a research note on Thursday, September 26th. Truist Financial raised their price objective on Cintas from $212.50 to $225.00 and gave the stock a “buy” rating in a research note on Tuesday, September 17th. Morgan Stanley boosted their target price on Cintas from $170.00 to $185.00 and gave the stock an “equal weight” rating in a research report on Thursday, September 26th. Robert W. Baird lifted their price target on Cintas from $194.00 to $209.00 and gave the stock a “neutral” rating in a research note on Thursday, September 26th. Finally, Redburn Atlantic began coverage on Cintas in a report on Friday, August 9th. They set a “neutral” rating and a $167.50 price objective on the stock. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $199.63.

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.