TIAA Trust National Association Buys 52 Shares of Cintas Co. (NASDAQ:CTAS)

TIAA Trust National Association increased its position in Cintas Co. (NASDAQ:CTAS) by 1.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,380 shares of the business services provider’s stock after acquiring an additional 52 shares during the quarter. TIAA Trust National Association’s holdings in Cintas were worth $983,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Great Valley Advisor Group Inc. purchased a new position in shares of Cintas during the 3rd quarter valued at $223,000. Fisher Asset Management LLC boosted its stake in Cintas by 178.3% during the third quarter. Fisher Asset Management LLC now owns 2,460 shares of the business services provider’s stock valued at $507,000 after buying an additional 1,576 shares during the period. Loomis Sayles & Co. L P grew its position in Cintas by 311.3% during the third quarter. Loomis Sayles & Co. L P now owns 436 shares of the business services provider’s stock worth $90,000 after buying an additional 330 shares in the last quarter. Truvestments Capital LLC purchased a new position in Cintas during the third quarter worth about $59,000. Finally, D.A. Davidson & CO. increased its stake in Cintas by 293.3% in the 3rd quarter. D.A. Davidson & CO. now owns 16,198 shares of the business services provider’s stock worth $3,335,000 after acquiring an additional 12,079 shares during the last quarter. Hedge funds and other institutional investors own 63.46% of the company’s stock.

Cintas Price Performance

Shares of Cintas stock opened at $206.25 on Friday. The company’s fifty day simple moving average is $200.91 and its two-hundred day simple moving average is $208.87. Cintas Co. has a 12-month low of $162.16 and a 12-month high of $228.12. The firm has a market cap of $83.23 billion, a PE ratio of 49.73, a price-to-earnings-growth ratio of 3.98 and a beta of 1.41. 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 posted its earnings results on Wednesday, March 26th. The business services provider reported $1.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.05 by $0.08. The company had revenue of $2.61 billion for the quarter, compared to analysts’ expectations of $2.60 billion. Cintas had a return on equity of 40.62% and a net margin of 17.23%. Cintas’s quarterly revenue was up 8.4% on a year-over-year basis. During the same period last year, the firm earned $3.84 earnings per share. As a group, equities analysts expect that Cintas Co. will post 4.31 EPS for the current year.

Cintas Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 14th were paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date was Friday, February 14th. Cintas’s payout ratio is 36.11%.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Morgan Stanley lifted their price target on Cintas from $195.00 to $213.00 and gave the company an “equal weight” rating in a research report on Thursday. The Goldman Sachs Group lifted their target price on shares of Cintas from $211.00 to $233.00 and gave the company a “buy” rating in a research report on Thursday. UBS Group increased their price target on shares of Cintas from $218.00 to $240.00 and gave the stock a “buy” rating in a report on Thursday. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $215.00 price objective on shares of Cintas in a report on Thursday. Finally, Truist Financial increased their target price on Cintas from $215.00 to $230.00 and gave the company a “buy” rating in a research note on Thursday. Two analysts have rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, Cintas has an average rating of “Hold” and a consensus target price of $207.57.

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.