Cintas Co. (NASDAQ:CTAS) Shares Acquired by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. lifted its stake in Cintas Co. (NASDAQ:CTAS) by 5.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 933,451 shares of the business services provider’s stock after buying an additional 44,049 shares during the period. Sumitomo Mitsui Trust Group Inc. owned approximately 0.23% of Cintas worth $170,541,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Dynamic Advisor Solutions LLC increased its position in Cintas by 262.8% during the third quarter. Dynamic Advisor Solutions LLC now owns 1,299 shares of the business services provider’s stock worth $267,000 after buying an additional 941 shares during the period. Brookstone Capital Management increased its holdings in shares of Cintas by 209.7% in the 3rd quarter. Brookstone Capital Management now owns 1,081 shares of the business services provider’s stock valued at $223,000 after acquiring an additional 732 shares during the period. Strategic Wealth Partners Ltd. raised its position in Cintas by 300.0% in the 3rd quarter. Strategic Wealth Partners Ltd. now owns 1,400 shares of the business services provider’s stock valued at $288,000 after purchasing an additional 1,050 shares during the last quarter. CWM LLC boosted its stake in Cintas by 422.3% during the 3rd quarter. CWM LLC now owns 28,571 shares of the business services provider’s stock worth $5,882,000 after purchasing an additional 23,101 shares during the period. Finally, Hexagon Capital Partners LLC grew its position in Cintas by 272.8% during the 3rd quarter. Hexagon Capital Partners LLC now owns 589 shares of the business services provider’s stock worth $121,000 after purchasing an additional 431 shares during the last quarter. 63.46% of the stock is currently owned by institutional investors and hedge funds.

Cintas Price Performance

Shares of NASDAQ:CTAS opened at $202.06 on Friday. The company has a market cap of $81.54 billion, a P/E ratio of 48.72, a P/E/G ratio of 3.87 and a beta of 1.38. The business has a fifty day simple moving average of $199.35 and a 200-day simple moving average of $206.94. Cintas Co. has a 52 week low of $150.70 and a 52 week high of $228.12. 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 quarterly earnings results on Thursday, December 19th. The business services provider reported $1.09 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 company had revenue of $2.56 billion during the quarter, compared to analysts’ expectations of $2.56 billion. During the same quarter in the previous year, the business earned $3.61 EPS. The firm’s revenue was up 7.8% on a year-over-year basis. Equities research analysts forecast that Cintas Co. will post 4.31 EPS for the current year.

Cintas Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 14th will be paid 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 dividend yield of 0.77%. Cintas’s dividend payout ratio is presently 37.61%.

Analyst Ratings Changes

CTAS has been the topic of a number of research reports. Royal Bank of Canada reissued a “sector perform” rating and set a $215.00 price target on shares of Cintas 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 research note on Friday, December 20th. Truist Financial cut their price target on Cintas from $225.00 to $215.00 and set a “buy” rating for the company in a research note on Friday, December 20th. UBS Group lowered their price objective on shares of Cintas from $240.00 to $218.00 and set a “buy” rating on the stock in a research report on Friday, December 20th. Finally, Wells Fargo & Company cut their price objective on shares of Cintas from $191.00 to $184.00 and set an “underweight” rating for the company in a research 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 given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $198.46.

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.