Cintas Co. (NASDAQ:CTAS) Stock Holdings Lessened by Impax Asset Management Group plc

Impax Asset Management Group plc reduced its stake in shares of Cintas Co. (NASDAQ:CTAS) by 23.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,858,040 shares of the business services provider’s stock after selling 571,232 shares during the quarter. Cintas makes up approximately 1.5% of Impax Asset Management Group plc’s portfolio, making the stock its 17th largest position. Impax Asset Management Group plc owned about 0.46% of Cintas worth $338,790,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CTAS. Financial Management Professionals Inc. raised its stake in shares of Cintas by 341.4% during the 3rd quarter. Financial Management Professionals Inc. now owns 128 shares of the business services provider’s stock worth $26,000 after purchasing an additional 99 shares in the last quarter. Hollencrest Capital Management increased its holdings in Cintas by 433.3% in the third quarter. Hollencrest Capital Management now owns 128 shares of the business services provider’s stock worth $26,000 after buying an additional 104 shares during the last quarter. Sound Income Strategies LLC bought a new position in Cintas during the fourth quarter valued at approximately $27,000. Addison Advisors LLC lifted its stake in Cintas by 495.7% in the third quarter. Addison Advisors LLC now owns 137 shares of the business services provider’s stock valued at $28,000 after acquiring an additional 114 shares during the last quarter. Finally, Endeavor Private Wealth Inc. bought a new stake in Cintas in the fourth quarter worth approximately $31,000. 63.46% of the stock is owned by hedge funds and other institutional investors.

Cintas Stock Performance

NASDAQ CTAS opened at $204.43 on Monday. The company’s fifty day moving average is $196.53 and its two-hundred day moving average is $208.39. 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 current ratio of 1.58 and a quick ratio of 1.38. The firm has a market capitalization of $82.50 billion, a price-to-earnings ratio of 49.29, a P/E/G ratio of 3.98 and a beta of 1.38.

Cintas (NASDAQ:CTAS) last released its earnings results on Thursday, December 19th. The business services provider reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates of $1.01 by $0.08. The business 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 firm’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same period last year, the business earned $3.61 earnings per share. Equities research analysts forecast that Cintas Co. will post 4.31 EPS for the current year.

Cintas Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 14th will be paid a $0.39 dividend. The ex-dividend date is Friday, February 14th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.76%. Cintas’s payout ratio is 37.59%.

Wall Street Analyst Weigh In

CTAS has been the topic of a number of recent research reports. The Goldman Sachs Group cut their price target on shares of Cintas from $236.00 to $211.00 and set a “buy” rating on the stock in a report on Friday, December 20th. Robert W. Baird cut their target price on Cintas from $209.00 to $200.00 and set a “neutral” rating on the stock in a report on Friday, December 20th. Truist Financial decreased 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 cut their price objective on Cintas from $240.00 to $218.00 and set a “buy” rating on the stock in a research note on Friday, December 20th. Finally, Wells Fargo & Company decreased their target price on Cintas from $191.00 to $184.00 and set an “underweight” rating for the company in a research report on Friday, December 20th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company has an average 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.