Commonwealth of Pennsylvania Public School Empls Retrmt SYS Trims Stock Position in Cintas Co. (NASDAQ:CTAS)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lessened its holdings in shares of Cintas Co. (NASDAQ:CTAS) by 2.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 72,890 shares of the business services provider’s stock after selling 1,694 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Cintas were worth $13,317,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the business. Thrivent Financial for Lutherans increased its holdings in Cintas by 331.2% in the third quarter. Thrivent Financial for Lutherans now owns 20,970 shares of the business services provider’s stock valued at $4,317,000 after buying an additional 16,107 shares in the last quarter. MAI Capital Management increased its holdings in Cintas by 173.5% in the third quarter. MAI Capital Management now owns 8,789 shares of the business services provider’s stock valued at $1,810,000 after buying an additional 5,575 shares in the last quarter. Quest Partners LLC increased its holdings in Cintas by 70.4% in the third quarter. Quest Partners LLC now owns 5,172 shares of the business services provider’s stock valued at $1,065,000 after buying an additional 2,137 shares in the last quarter. Pathstone Holdings LLC increased its holdings in Cintas by 428.7% in the third quarter. Pathstone Holdings LLC now owns 60,332 shares of the business services provider’s stock valued at $12,421,000 after buying an additional 48,921 shares in the last quarter. Finally, Banque Cantonale Vaudoise increased its holdings in Cintas by 352.2% in the third quarter. Banque Cantonale Vaudoise now owns 2,808 shares of the business services provider’s stock valued at $578,000 after buying an additional 2,187 shares in the last quarter. Hedge funds and other institutional investors own 63.46% of the company’s stock.

Cintas Stock Performance

NASDAQ:CTAS opened at $194.46 on Friday. 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 firm has a market capitalization of $78.47 billion, a price-to-earnings ratio of 46.89, a PEG ratio of 3.98 and a beta of 1.41. The company’s 50-day moving average is $200.43 and its two-hundred day moving average is $208.92. Cintas Co. has a 1-year low of $158.10 and a 1-year high of $228.12.

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

Cintas Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 14th were issued a $0.39 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.56 annualized dividend and a yield of 0.80%. Cintas’s payout ratio is 37.59%.

Analyst Upgrades and Downgrades

CTAS has been the subject of a number of recent analyst reports. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $215.00 price objective on shares of Cintas in a report on Friday, December 20th. Wells Fargo & Company cut their target price on shares of Cintas from $191.00 to $184.00 and set an “underweight” rating for the company in a research note on Friday, December 20th. Morgan Stanley boosted their target price on shares of Cintas from $185.00 to $202.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 12th. Truist Financial cut their target price on shares of Cintas from $225.00 to $215.00 and set a “buy” rating for the company in a research note on Friday, December 20th. Finally, Citigroup started coverage on shares of Cintas in a research note on Monday, February 24th. They set a “sell” rating and a $161.00 target price for the company. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus 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.