KBC Group NV Purchases 172,837 Shares of Cintas Co. (NASDAQ:CTAS)

KBC Group NV boosted its position in shares of Cintas Co. (NASDAQ:CTAS) by 268.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 237,101 shares of the business services provider’s stock after purchasing an additional 172,837 shares during the period. KBC Group NV owned about 0.06% of Cintas worth $43,319,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Aaron Wealth Advisors LLC raised its holdings in shares of Cintas by 2.0% in the fourth quarter. Aaron Wealth Advisors LLC now owns 2,803 shares of the business services provider’s stock worth $512,000 after buying an additional 55 shares during the period. Simon Quick Advisors LLC increased its stake in Cintas by 5.5% in the fourth quarter. Simon Quick Advisors LLC now owns 1,213 shares of the business services provider’s stock worth $222,000 after purchasing an additional 63 shares during the period. KPP Advisory Services LLC lifted its position in shares of Cintas by 19.6% during the second quarter. KPP Advisory Services LLC now owns 434 shares of the business services provider’s stock worth $304,000 after purchasing an additional 71 shares during the last quarter. First Hawaiian Bank boosted its stake in shares of Cintas by 0.4% during the fourth quarter. First Hawaiian Bank now owns 17,105 shares of the business services provider’s stock valued at $3,125,000 after purchasing an additional 73 shares during the period. Finally, Grove Bank & Trust grew its holdings in shares of Cintas by 52.8% in the fourth quarter. Grove Bank & Trust now owns 220 shares of the business services provider’s stock worth $40,000 after purchasing an additional 76 shares during the last quarter. 63.46% of the stock is owned by hedge funds and other institutional investors.

Cintas Trading Up 2.6 %

NASDAQ CTAS opened at $202.56 on Tuesday. Cintas Co. has a 1 year low of $148.87 and a 1 year high of $228.12. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.58 and a quick ratio of 1.38. The company has a market capitalization of $81.74 billion, a PE ratio of 48.84, a P/E/G ratio of 3.84 and a beta of 1.37. The company has a fifty day moving average of $202.99 and a 200 day moving average of $206.09.

Cintas (NASDAQ:CTAS) last issued its earnings results on Thursday, December 19th. The business services provider reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.08. The firm had revenue of $2.56 billion for the quarter, compared to the consensus estimate of $2.56 billion. Cintas had a return on equity of 40.62% and a net margin of 17.23%. The company’s revenue was up 7.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.61 earnings per share. Research analysts forecast that Cintas Co. will post 4.31 earnings per share for the current year.

Cintas Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 14th will be issued a $0.39 dividend. The ex-dividend date is Friday, February 14th. This represents a $1.56 dividend on an annualized basis and a yield of 0.77%. Cintas’s payout ratio is 37.59%.

Wall Street Analysts Forecast Growth

CTAS has been the subject of several research reports. Truist Financial lowered their price objective on shares of Cintas from $225.00 to $215.00 and set a “buy” rating for the company in a research report on Friday, December 20th. Royal Bank of Canada reissued a “sector perform” rating and issued a $215.00 price objective on shares of Cintas in a research note on Friday, December 20th. Morgan Stanley lifted their target price on Cintas from $185.00 to $202.00 and gave the company an “equal weight” rating in a research report on Thursday, December 12th. Robert W. Baird dropped their price target on Cintas from $209.00 to $200.00 and set a “neutral” rating on the stock in a research report on Friday, December 20th. Finally, Wells Fargo & Company decreased their price objective on Cintas from $191.00 to $184.00 and set an “underweight” rating for the company in a report on Friday, December 20th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the company. According to MarketBeat, Cintas presently has a consensus rating of “Hold” and an average price target of $198.46.

About Cintas

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.