Schroder Investment Management Group Grows Stock Holdings in Cintas Co. (NASDAQ:CTAS)

Schroder Investment Management Group grew its stake in Cintas Co. (NASDAQ:CTAS) by 38.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,008,418 shares of the business services provider’s stock after purchasing an additional 278,915 shares during the period. Schroder Investment Management Group owned approximately 0.25% of Cintas worth $184,238,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Allianz SE purchased a new position in Cintas during the fourth quarter worth about $15,276,000. Allstate Corp acquired a new stake in shares of Cintas during the 4th quarter worth approximately $1,921,000. Brown Brothers Harriman & Co. raised its position in shares of Cintas by 6.3% during the 4th quarter. Brown Brothers Harriman & Co. now owns 9,901 shares of the business services provider’s stock valued at $1,809,000 after buying an additional 591 shares during the period. denkapparat Operations GmbH acquired a new position in Cintas in the fourth quarter valued at approximately $250,000. Finally, Orion Portfolio Solutions LLC grew its position in Cintas by 7.7% in the fourth quarter. Orion Portfolio Solutions LLC now owns 20,907 shares of the business services provider’s stock worth $3,820,000 after acquiring an additional 1,501 shares during the period. Institutional investors and hedge funds own 63.46% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on CTAS shares. Truist Financial lifted their target price on Cintas from $215.00 to $230.00 and gave the company a “buy” rating in a research report on Thursday. Wells Fargo & Company upped their target price on shares of Cintas from $184.00 to $196.00 and gave the company an “underweight” rating in a research report on Thursday. Citigroup assumed coverage on shares of Cintas in a research report on Monday, February 24th. They set a “sell” rating and a $161.00 price target for the company. UBS Group increased their price objective on shares of Cintas from $218.00 to $240.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, The Goldman Sachs Group boosted their target price on Cintas from $211.00 to $233.00 and gave the company a “buy” rating in a research report on Thursday. Two analysts have rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, Cintas currently has an average rating of “Hold” and an average target price of $210.58.

Cintas Trading Down 1.5 %

CTAS opened at $203.22 on Monday. 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 stock has a market capitalization of $82.01 billion, a price-to-earnings ratio of 49.00, a PEG ratio of 3.98 and a beta of 1.41. The business has a fifty day moving average price of $201.01 and a 200 day moving average price of $204.62. Cintas Co. has a 12 month low of $162.16 and a 12 month high of $228.12.

Cintas (NASDAQ:CTAS) last released its earnings results on Wednesday, March 26th. The business services provider reported $1.13 earnings per share for the quarter, topping analysts’ consensus estimates of $1.05 by $0.08. Cintas had a net margin of 17.23% and a return on equity of 40.62%. The firm had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.60 billion. During the same period in the prior year, the firm earned $3.84 earnings per share. The business’s quarterly revenue was up 8.4% compared to the same quarter last year. Sell-side analysts expect that Cintas Co. will post 4.31 earnings per share for the current fiscal year.

Cintas Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 14th were given a dividend of $0.39 per share. The ex-dividend date was Friday, February 14th. This represents a $1.56 annualized dividend and a dividend yield of 0.77%. Cintas’s dividend payout ratio (DPR) is currently 36.11%.

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.