Motley Fool Asset Management LLC Buys 195 Shares of Cintas Co. (NASDAQ:CTAS)

Motley Fool Asset Management LLC raised its stake in Cintas Co. (NASDAQ:CTAS) by 6.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,098 shares of the business services provider’s stock after buying an additional 195 shares during the quarter. Motley Fool Asset Management LLC’s holdings in Cintas were worth $1,867,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. FMR LLC raised its holdings in shares of Cintas by 5.5% in the third quarter. FMR LLC now owns 2,352,581 shares of the business services provider’s stock valued at $1,131,615,000 after purchasing an additional 123,468 shares during the last quarter. Invesco Ltd. raised its holdings in shares of Cintas by 17.4% in the third quarter. Invesco Ltd. now owns 1,025,615 shares of the business services provider’s stock valued at $493,331,000 after purchasing an additional 151,783 shares during the last quarter. Northern Trust Corp raised its holdings in shares of Cintas by 7.6% in the third quarter. Northern Trust Corp now owns 1,008,632 shares of the business services provider’s stock valued at $485,162,000 after purchasing an additional 71,482 shares during the last quarter. Morgan Stanley raised its holdings in shares of Cintas by 1.9% in the third quarter. Morgan Stanley now owns 823,280 shares of the business services provider’s stock valued at $396,007,000 after purchasing an additional 15,053 shares during the last quarter. Finally, Nordea Investment Management AB raised its holdings in shares of Cintas by 16.6% in the fourth quarter. Nordea Investment Management AB now owns 600,311 shares of the business services provider’s stock valued at $360,637,000 after purchasing an additional 85,662 shares during the last quarter. Institutional investors own 63.46% of the company’s stock.

Cintas Price Performance

CTAS traded up $0.98 on Friday, hitting $666.23. 274,164 shares of the stock were exchanged, compared to its average volume of 350,293. Cintas Co. has a 12 month low of $440.01 and a 12 month high of $704.84. The business has a 50-day moving average of $648.22 and a two-hundred day moving average of $593.38. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.38 and a quick ratio of 2.03. The firm has a market capitalization of $67.54 billion, a price-to-earnings ratio of 46.01, a PEG ratio of 3.89 and a beta of 1.27.

Cintas (NASDAQ:CTAS) last posted its quarterly earnings data on Wednesday, March 27th. The business services provider reported $3.84 earnings per share for the quarter, topping the consensus estimate of $3.58 by $0.26. Cintas had a net margin of 15.98% and a return on equity of 37.19%. The business had revenue of $2.41 billion during the quarter, compared to analysts’ expectations of $2.39 billion. During the same quarter in the prior year, the business posted $3.14 earnings per share. Cintas’s revenue was up 9.9% compared to the same quarter last year. Sell-side analysts forecast that Cintas Co. will post 14.95 EPS for the current fiscal year.

Cintas Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Wednesday, May 15th will be paid a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a yield of 0.81%. The ex-dividend date is Tuesday, May 14th. Cintas’s payout ratio is 37.29%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on CTAS shares. UBS Group boosted their target price on shares of Cintas from $680.00 to $790.00 and gave the stock a “buy” rating in a report on Thursday, March 28th. Royal Bank of Canada boosted their target price on shares of Cintas from $675.00 to $725.00 and gave the stock an “outperform” rating in a report on Thursday, March 28th. Truist Financial boosted their target price on shares of Cintas from $660.00 to $775.00 and gave the stock a “buy” rating in a report on Thursday, March 28th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Cintas from $629.00 to $726.00 and gave the stock a “hold” rating in a report on Thursday, March 28th. Finally, Oppenheimer reaffirmed a “market perform” rating on shares of Cintas in a research report on Monday, April 1st. Six analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $661.21.

About Cintas

Cintas Corporation provides 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.