Brooklyn Investment Group Has $586,000 Stake in Cintas Co. (NASDAQ:CTAS)

Brooklyn Investment Group boosted its holdings in Cintas Co. (NASDAQ:CTAS) by 314.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,844 shares of the business services provider’s stock after purchasing an additional 2,157 shares during the quarter. Brooklyn Investment Group’s holdings in Cintas were worth $586,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of CTAS. FMR LLC lifted its position in Cintas by 297.3% in the 3rd quarter. FMR LLC now owns 8,781,132 shares of the business services provider’s stock valued at $1,807,860,000 after acquiring an additional 6,571,128 shares in the last quarter. Impax Asset Management Group plc lifted its holdings in shares of Cintas by 211.1% in the third quarter. Impax Asset Management Group plc now owns 2,429,272 shares of the business services provider’s stock valued at $499,236,000 after purchasing an additional 1,648,350 shares in the last quarter. King Luther Capital Management Corp boosted its position in shares of Cintas by 293.2% during the third quarter. King Luther Capital Management Corp now owns 1,904,296 shares of the business services provider’s stock valued at $392,056,000 after buying an additional 1,419,975 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Cintas by 258.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,894,922 shares of the business services provider’s stock valued at $390,127,000 after buying an additional 1,365,825 shares during the last quarter. Finally, Alecta Tjanstepension Omsesidigt grew its holdings in Cintas by 300.0% during the third quarter. Alecta Tjanstepension Omsesidigt now owns 1,630,000 shares of the business services provider’s stock worth $335,552,000 after buying an additional 1,222,500 shares in the last quarter. Institutional investors own 63.46% of the company’s stock.

Cintas Trading Up 1.0 %

Shares of Cintas stock opened at $223.90 on Tuesday. The company’s 50-day moving average price is $211.02 and its 200-day moving average price is $197.78. The company has a current ratio of 1.53, a quick ratio of 1.33 and a debt-to-equity ratio of 0.50. Cintas Co. has a 12-month low of $136.87 and a 12-month high of $227.35. The company has a market cap of $90.30 billion, a price-to-earnings ratio of 56.54, a PEG ratio of 4.37 and a beta of 1.32.

Cintas (NASDAQ:CTAS) last posted its earnings results on Wednesday, September 25th. The business services provider reported $1.10 EPS for the quarter, topping the consensus estimate of $1.00 by $0.10. Cintas had a return on equity of 39.56% and a net margin of 16.80%. The business had revenue of $2.50 billion during the quarter, compared to analysts’ expectations of $2.49 billion. The firm’s revenue was up 6.8% on a year-over-year basis. During the same period in the previous year, the business earned $3.70 earnings per share. On average, equities analysts expect that Cintas Co. will post 4.23 earnings per share for the current fiscal year.

Cintas Announces Dividend

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 issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.70%. The ex-dividend date of this dividend is Friday, November 15th. Cintas’s dividend payout ratio is currently 39.39%.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Royal Bank of Canada upped their target price on shares of Cintas from $181.00 to $215.00 and gave the stock a “sector perform” rating in a research note on Thursday, September 26th. UBS Group upped their price objective on shares of Cintas from $219.00 to $240.00 and gave the stock a “buy” rating in a research report on Thursday, September 26th. Truist Financial lifted their target price on shares of Cintas from $212.50 to $225.00 and gave the stock a “buy” rating in a research report on Tuesday, September 17th. The Goldman Sachs Group upped their target price on Cintas from $212.00 to $236.00 and gave the company a “buy” rating in a report on Thursday, September 26th. Finally, Wells Fargo & Company lifted their price target on Cintas from $184.00 to $191.00 and gave the stock an “underweight” rating in a report on Thursday, September 26th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $199.63.

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.