Cintas Co. (NASDAQ:CTAS) Position Boosted by Bahl & Gaynor Inc.

Bahl & Gaynor Inc. increased its stake in shares of Cintas Co. (NASDAQ:CTAS) by 0.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 845,804 shares of the business services provider’s stock after purchasing an additional 6,784 shares during the quarter. Bahl & Gaynor Inc.’s holdings in Cintas were worth $154,528,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. China Universal Asset Management Co. Ltd. increased its position in Cintas by 28.4% in the 4th quarter. China Universal Asset Management Co. Ltd. now owns 6,563 shares of the business services provider’s stock worth $1,199,000 after purchasing an additional 1,450 shares during the last quarter. KMG Fiduciary Partners LLC increased its holdings in Cintas by 121.8% in the fourth quarter. KMG Fiduciary Partners LLC now owns 11,545 shares of the business services provider’s stock worth $2,109,000 after buying an additional 6,341 shares during the last quarter. Wellington Management Group LLP raised its position in Cintas by 211.7% during the third quarter. Wellington Management Group LLP now owns 778,884 shares of the business services provider’s stock valued at $160,357,000 after acquiring an additional 529,005 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in Cintas by 137.5% in the third quarter. JPMorgan Chase & Co. now owns 2,222,527 shares of the business services provider’s stock valued at $457,574,000 after acquiring an additional 1,286,668 shares during the last quarter. Finally, Annex Advisory Services LLC grew its position in Cintas by 1.6% in the fourth quarter. Annex Advisory Services LLC now owns 127,441 shares of the business services provider’s stock worth $23,283,000 after acquiring an additional 1,988 shares in the last quarter. 63.46% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CTAS has been the topic of a number of recent research reports. Citigroup started coverage on shares of Cintas in a report on Monday, February 24th. They set a “sell” rating and a $161.00 price target on the stock. Robert W. Baird reduced their price target on Cintas from $209.00 to $200.00 and set a “neutral” rating for the company in a research report on Friday, December 20th. Truist Financial lowered their price objective on Cintas from $225.00 to $215.00 and set a “buy” rating on the stock in a report on Friday, December 20th. Royal Bank of Canada restated a “sector perform” rating and issued a $215.00 target price on shares of Cintas in a report on Friday, December 20th. Finally, Wells Fargo & Company lowered their price target on Cintas from $191.00 to $184.00 and set an “underweight” rating on the stock in a report on Friday, December 20th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $199.79.

Cintas Stock Down 0.0 %

NASDAQ CTAS opened at $207.43 on Tuesday. Cintas Co. has a twelve month low of $154.15 and a twelve month high of $228.12. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.38 and a current ratio of 1.58. The stock has a market cap of $83.71 billion, a PE ratio of 50.01, a PEG ratio of 3.98 and a beta of 1.38. The firm has a 50-day simple moving average of $197.54 and a 200 day simple moving average of $209.05.

Cintas (NASDAQ:CTAS) last announced its quarterly earnings data on Thursday, December 19th. The business services provider reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.08. The company had revenue of $2.56 billion during the quarter, compared to the consensus estimate of $2.56 billion. Cintas had a return on equity of 40.62% and a net margin of 17.23%. The company’s quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter last year, the company earned $3.61 EPS. On average, research analysts forecast that Cintas Co. will post 4.31 EPS for the current year.

Cintas Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 14th will be issued a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 0.75%. The ex-dividend date is Friday, February 14th. Cintas’s dividend payout ratio (DPR) is presently 37.59%.

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.