Pacer Advisors Inc. Purchases 53,897 Shares of Cintas Co. (NASDAQ:CTAS)

Pacer Advisors Inc. lifted its position in Cintas Co. (NASDAQ:CTAS) by 327.1% in the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 70,374 shares of the business services provider’s stock after acquiring an additional 53,897 shares during the period. Pacer Advisors Inc.’s holdings in Cintas were worth $14,489,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Natixis bought a new stake in shares of Cintas during the 1st quarter valued at $346,000. Canada Pension Plan Investment Board boosted its stake in Cintas by 96.1% during the first quarter. Canada Pension Plan Investment Board now owns 40,910 shares of the business services provider’s stock worth $28,106,000 after acquiring an additional 20,050 shares in the last quarter. LRI Investments LLC purchased a new stake in Cintas in the first quarter worth about $126,000. Morse Asset Management Inc increased its stake in shares of Cintas by 4.1% during the first quarter. Morse Asset Management Inc now owns 5,562 shares of the business services provider’s stock valued at $3,821,000 after purchasing an additional 218 shares in the last quarter. Finally, Mount Yale Investment Advisors LLC lifted its holdings in shares of Cintas by 14.6% during the first quarter. Mount Yale Investment Advisors LLC now owns 1,229 shares of the business services provider’s stock valued at $844,000 after purchasing an additional 157 shares during the last quarter. Hedge funds and other institutional investors own 63.46% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on CTAS. Royal Bank of Canada raised their price objective on Cintas from $181.00 to $215.00 and gave the company a “sector perform” rating in a research report on Thursday, September 26th. Robert W. Baird raised their price target on Cintas from $194.00 to $209.00 and gave the company a “neutral” rating in a report on Thursday, September 26th. Jefferies Financial Group dropped their price target on shares of Cintas from $730.00 to $200.00 and set a “hold” rating on the stock in a research note on Thursday, September 26th. Truist Financial raised their price objective on shares of Cintas from $212.50 to $225.00 and gave the company a “buy” rating in a research note on Tuesday, September 17th. Finally, The Goldman Sachs Group increased their price target on shares of Cintas from $212.00 to $236.00 and gave the company a “buy” rating in a report on Thursday, September 26th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $199.63.

Cintas Trading Up 0.1 %

Shares of NASDAQ:CTAS opened at $221.76 on Friday. The stock’s 50-day simple moving average is $210.64 and its two-hundred day simple moving average is $197.09. The stock has a market capitalization of $89.44 billion, a price-to-earnings ratio of 56.00, a PEG ratio of 4.29 and a beta of 1.32. Cintas Co. has a 52-week low of $136.87 and a 52-week high of $227.35. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.33 and a current ratio of 1.53.

Cintas (NASDAQ:CTAS) last posted its quarterly earnings data on Wednesday, September 25th. The business services provider reported $1.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.00 by $0.10. The company had revenue of $2.50 billion for the quarter, compared to the consensus estimate of $2.49 billion. Cintas had a net margin of 16.80% and a return on equity of 39.56%. The firm’s revenue was up 6.8% compared to the same quarter last year. During the same quarter last year, the firm posted $3.70 earnings per share. Analysts expect that Cintas Co. will post 4.23 EPS for the current year.

Cintas Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 15th will be paid a $0.39 dividend. The ex-dividend date is Friday, November 15th. This represents a $1.56 annualized dividend and a dividend yield of 0.70%. Cintas’s dividend payout ratio (DPR) is 39.39%.

Cintas Company 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.