Cintas Co. (NASDAQ:CTAS) Shares Acquired by Oregon Public Employees Retirement Fund

Oregon Public Employees Retirement Fund increased its holdings in shares of Cintas Co. (NASDAQ:CTAS) by 0.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 29,384 shares of the business services provider’s stock after acquiring an additional 60 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Cintas were worth $5,368,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CTAS. PFG Investments LLC acquired a new position in Cintas during the third quarter worth $263,000. Pallas Capital Advisors LLC grew its holdings in Cintas by 409.4% during the third quarter. Pallas Capital Advisors LLC now owns 5,119 shares of the business services provider’s stock worth $1,071,000 after acquiring an additional 4,114 shares during the period. abrdn plc grew its holdings in Cintas by 287.9% during the third quarter. abrdn plc now owns 143,084 shares of the business services provider’s stock worth $29,426,000 after acquiring an additional 106,193 shares during the period. Boston Financial Mangement LLC grew its holdings in Cintas by 300.2% during the third quarter. Boston Financial Mangement LLC now owns 2,481 shares of the business services provider’s stock worth $511,000 after acquiring an additional 1,861 shares during the period. Finally, China Universal Asset Management Co. Ltd. grew its holdings in Cintas by 738.2% during the third quarter. China Universal Asset Management Co. Ltd. now owns 5,113 shares of the business services provider’s stock worth $1,053,000 after acquiring an additional 4,503 shares during the period. Institutional investors and hedge funds own 63.46% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $215.00 price objective on shares of Cintas in a report on Friday, December 20th. Truist Financial lowered their target price on Cintas from $225.00 to $215.00 and set a “buy” rating on the stock in a report on Friday, December 20th. Robert W. Baird lowered their target price on Cintas from $209.00 to $200.00 and set a “neutral” rating on the stock in a report on Friday, December 20th. Citigroup began coverage on Cintas in a report on Monday. They issued a “sell” rating and a $161.00 target price on the stock. Finally, The Goldman Sachs Group lowered their target price on Cintas from $236.00 to $211.00 and set a “buy” rating on the stock in a report on Friday, December 20th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $199.79.

Cintas Stock Down 0.7 %

Shares of NASDAQ:CTAS opened at $204.31 on Thursday. 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 Co. has a 52-week low of $154.15 and a 52-week high of $228.12. The stock’s fifty day simple moving average is $196.31 and its 200-day simple moving average is $208.59. The company has a market capitalization of $82.45 billion, a P/E ratio of 49.26, a P/E/G ratio of 3.98 and a beta of 1.38.

Cintas (NASDAQ:CTAS) last issued its quarterly earnings data on Thursday, December 19th. The business services provider reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.08. Cintas had a return on equity of 40.62% and a net margin of 17.23%. The business had revenue of $2.56 billion for the quarter, compared to the consensus estimate of $2.56 billion. During the same period in the prior year, the business earned $3.61 earnings per share. The business’s revenue was up 7.8% on a year-over-year basis. As a group, equities research analysts forecast that Cintas Co. will post 4.31 earnings per share for the current fiscal year.

Cintas Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 14th will be given a dividend of $0.39 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.56 annualized dividend and a yield of 0.76%. Cintas’s dividend payout ratio (DPR) is presently 37.59%.

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.