Mn Services Vermogensbeheer B.V. Has $26.29 Million Stock Holdings in Cintas Co. (NASDAQ:CTAS)

Mn Services Vermogensbeheer B.V. lifted its stake in shares of Cintas Co. (NASDAQ:CTAS) by 0.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 143,900 shares of the business services provider’s stock after purchasing an additional 900 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Cintas were worth $26,291,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in CTAS. PFG Investments LLC acquired a new stake in Cintas in the 3rd quarter valued at about $263,000. abrdn plc raised its stake in Cintas by 287.9% in the third quarter. abrdn plc now owns 143,084 shares of the business services provider’s stock valued at $29,426,000 after buying an additional 106,193 shares during the period. Nicholas Hoffman & Company LLC. lifted its position in shares of Cintas by 300.1% in the third quarter. Nicholas Hoffman & Company LLC. now owns 2,769 shares of the business services provider’s stock valued at $570,000 after buying an additional 2,077 shares during the last quarter. Childress Capital Advisors LLC boosted its stake in shares of Cintas by 287.4% during the 3rd quarter. Childress Capital Advisors LLC now owns 1,139 shares of the business services provider’s stock worth $235,000 after acquiring an additional 845 shares during the period. Finally, Golden State Equity Partners increased its holdings in shares of Cintas by 226.5% during the 3rd quarter. Golden State Equity Partners now owns 2,540 shares of the business services provider’s stock worth $523,000 after acquiring an additional 1,762 shares during the last quarter. Institutional investors and hedge funds own 63.46% of the company’s stock.

Cintas Stock Down 0.4 %

Shares of NASDAQ CTAS opened at $203.43 on Friday. The stock has a market capitalization of $82.09 billion, a P/E ratio of 49.05, a PEG ratio of 3.98 and a beta of 1.38. The stock’s fifty day moving average is $196.72 and its 200 day moving average is $208.56. Cintas Co. has a 52 week low of $154.15 and a 52 week high of $228.12. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.38 and a current ratio of 1.58.

Cintas (NASDAQ:CTAS) last released its 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 net margin of 17.23% and a return on equity of 40.62%. The firm had revenue of $2.56 billion for the quarter, compared to analyst estimates of $2.56 billion. During the same period last year, the firm earned $3.61 EPS. The business’s quarterly revenue was up 7.8% compared to the same quarter last year. Sell-side analysts forecast that Cintas Co. will post 4.31 earnings per share for the current fiscal year.

Cintas Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 14th will be paid a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 0.77%. The ex-dividend date of this dividend is Friday, February 14th. Cintas’s payout ratio is presently 37.59%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. UBS Group cut their price target on Cintas from $240.00 to $218.00 and set a “buy” rating for the company in a report on Friday, December 20th. Morgan Stanley lifted their target price on shares of Cintas from $185.00 to $202.00 and gave the stock an “equal weight” rating in a report on Thursday, December 12th. Citigroup began coverage on shares of Cintas in a research note on Monday. They issued a “sell” rating and a $161.00 price target on the stock. 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. Finally, Robert W. Baird decreased their target price on Cintas from $209.00 to $200.00 and set a “neutral” rating on the stock in a research 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 company. According to data from MarketBeat, Cintas currently has an average rating of “Hold” and an average target price of $199.79.

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.