Global X Japan Co. Ltd. Has $454,000 Stock Holdings in Cintas Co. (NASDAQ:CTAS)

Global X Japan Co. Ltd. raised its position in shares of Cintas Co. (NASDAQ:CTAS) by 11.0% in the fourth quarter, HoldingsChannel reports. The fund owned 2,487 shares of the business services provider’s stock after acquiring an additional 247 shares during the period. Global X Japan Co. Ltd.’s holdings in Cintas were worth $454,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently made changes to their positions in CTAS. Guardian Wealth Advisors LLC increased its stake in shares of Cintas by 3.1% during the fourth quarter. Guardian Wealth Advisors LLC now owns 1,741 shares of the business services provider’s stock valued at $318,000 after purchasing an additional 52 shares in the last quarter. Aaron Wealth Advisors LLC increased its position in Cintas by 2.0% during the 4th quarter. Aaron Wealth Advisors LLC now owns 2,803 shares of the business services provider’s stock valued at $512,000 after buying an additional 55 shares in the last quarter. S.A. Mason LLC boosted its holdings in Cintas by 3.3% in the fourth quarter. S.A. Mason LLC now owns 1,703 shares of the business services provider’s stock worth $311,000 after acquiring an additional 55 shares in the last quarter. Simon Quick Advisors LLC grew its stake in shares of Cintas by 5.5% in the fourth quarter. Simon Quick Advisors LLC now owns 1,213 shares of the business services provider’s stock worth $222,000 after acquiring an additional 63 shares during the last quarter. Finally, Catalina Capital Group LLC grew its position in Cintas by 5.7% during the 4th quarter. Catalina Capital Group LLC now owns 1,212 shares of the business services provider’s stock valued at $221,000 after purchasing an additional 65 shares during the last quarter. Institutional investors own 63.46% of the company’s stock.

Cintas Price Performance

Shares of NASDAQ CTAS opened at $204.29 on Friday. Cintas Co. has a 52 week low of $150.70 and a 52 week high of $228.12. 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 cap of $82.44 billion, a P/E ratio of 49.26, a P/E/G ratio of 3.87 and a beta of 1.38. The business’s 50 day moving average price is $199.75 and its 200 day moving average price is $206.95.

Cintas (NASDAQ:CTAS) last announced its earnings results on Thursday, December 19th. The business services provider reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.01 by $0.08. Cintas had a return on equity of 40.62% and a net margin of 17.23%. The firm had revenue of $2.56 billion for the quarter, compared to analyst estimates of $2.56 billion. During the same quarter last year, the firm posted $3.61 EPS. The business’s revenue was up 7.8% on a year-over-year basis. On average, sell-side analysts expect that Cintas Co. will post 4.31 earnings per share for the current year.

Cintas Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 14th will be issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.76%. The ex-dividend date of this dividend is Friday, February 14th. Cintas’s dividend payout ratio is currently 37.61%.

Analysts Set New Price Targets

CTAS has been the topic of several research analyst reports. Robert W. Baird lowered their target price on shares of Cintas from $209.00 to $200.00 and set a “neutral” rating on the stock in a research note on Friday, December 20th. Royal Bank of Canada reissued a “sector perform” rating and set a $215.00 price target on shares of Cintas in a report on Friday, December 20th. The Goldman Sachs Group reduced their price objective on shares of Cintas from $236.00 to $211.00 and set a “buy” rating for the company in a research note on Friday, December 20th. Truist Financial lowered their price target on Cintas from $225.00 to $215.00 and set a “buy” rating on the stock in a report on Friday, December 20th. Finally, Morgan Stanley lifted their target price on Cintas from $185.00 to $202.00 and gave the stock an “equal weight” rating in a report on Thursday, December 12th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $198.46.

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.