Lbp Am Sa Purchases Shares of 13,242 Cintas Co. (NASDAQ:CTAS)

Lbp Am Sa acquired a new stake in Cintas Co. (NASDAQ:CTAS) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 13,242 shares of the business services provider’s stock, valued at approximately $2,419,000.

A number of other large investors have also recently made changes to their positions in CTAS. Versor Investments LP bought a new position in shares of Cintas in the third quarter valued at $213,000. Aigen Investment Management LP lifted its stake in shares of Cintas by 46.7% in the third quarter. Aigen Investment Management LP now owns 1,240 shares of the business services provider’s stock valued at $255,000 after buying an additional 395 shares in the last quarter. Oppenheimer & Co. Inc. lifted its stake in shares of Cintas by 242.1% in the third quarter. Oppenheimer & Co. Inc. now owns 16,137 shares of the business services provider’s stock valued at $3,322,000 after buying an additional 11,420 shares in the last quarter. Huntington National Bank lifted its stake in shares of Cintas by 301.7% in the third quarter. Huntington National Bank now owns 11,416 shares of the business services provider’s stock valued at $2,350,000 after buying an additional 8,574 shares in the last quarter. Finally, KBC Group NV lifted its stake in shares of Cintas by 312.1% in the third quarter. KBC Group NV now owns 64,264 shares of the business services provider’s stock valued at $13,230,000 after buying an additional 48,670 shares in the last quarter. 63.46% of the stock is owned by institutional investors.

Cintas Price Performance

Shares of NASDAQ:CTAS opened at $192.84 on Friday. The company has a quick ratio of 1.38, a current ratio of 1.58 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $77.82 billion, a PE ratio of 46.50, a P/E/G ratio of 3.98 and a beta of 1.41. Cintas Co. has a twelve month low of $155.89 and a twelve month high of $228.12. The company has a 50-day moving average price of $200.02 and a two-hundred day moving average price of $209.13.

Cintas (NASDAQ:CTAS) last issued 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 firm had revenue of $2.56 billion during 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%. The company’s quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter last year, the business earned $3.61 earnings per share. Equities analysts forecast that Cintas Co. will post 4.31 EPS for the current year.

Cintas Announces Dividend

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 $0.39 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.81%. Cintas’s dividend payout ratio (DPR) is currently 37.59%.

Wall Street Analysts Forecast Growth

CTAS has been the subject of several analyst reports. Royal Bank of Canada reiterated a “sector perform” rating and issued a $215.00 target price on shares of Cintas in a report on Friday, December 20th. UBS Group lowered their target price on shares of Cintas from $240.00 to $218.00 and set a “buy” rating for the company in a report on Friday, December 20th. Wells Fargo & Company lowered their target price on shares of Cintas from $191.00 to $184.00 and set an “underweight” rating for the company in a report on Friday, December 20th. Truist Financial lowered their target price on shares of Cintas from $225.00 to $215.00 and set a “buy” rating for the company in a report on Friday, December 20th. Finally, Morgan Stanley increased their target price on shares of Cintas from $185.00 to $202.00 and gave the company an “equal weight” rating in a report on Thursday, December 12th. 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 stock. According to MarketBeat.com, Cintas currently has an average rating of “Hold” and an average target price of $199.79.

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.