Cullen Frost Bankers Inc. Buys 495 Shares of Cintas Co. (NASDAQ:CTAS)

Cullen Frost Bankers Inc. increased its stake in Cintas Co. (NASDAQ:CTAS) by 8.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 6,138 shares of the business services provider’s stock after purchasing an additional 495 shares during the period. Cullen Frost Bankers Inc.’s holdings in Cintas were worth $1,121,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the stock. Impax Asset Management Group plc grew its position in 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 acquiring an additional 1,648,350 shares during the last quarter. Concurrent Investment Advisors LLC boosted its stake in shares of Cintas by 391.2% during the third quarter. Concurrent Investment Advisors LLC now owns 6,494 shares of the business services provider’s stock valued at $1,337,000 after purchasing an additional 5,172 shares in the last quarter. Graypoint LLC boosted its stake in shares of Cintas by 361.5% during the third quarter. Graypoint LLC now owns 2,640 shares of the business services provider’s stock valued at $543,000 after purchasing an additional 2,068 shares in the last quarter. Advisor Resource Council acquired a new stake in shares of Cintas during the third quarter valued at about $303,000. Finally, Principal Financial Group Inc. boosted its stake in shares of Cintas by 301.5% during the third quarter. Principal Financial Group Inc. now owns 503,522 shares of the business services provider’s stock valued at $103,665,000 after purchasing an additional 378,101 shares in the last quarter. Institutional investors own 63.46% of the company’s stock.

Cintas Price Performance

Cintas stock opened at $203.06 on Friday. The stock has a market capitalization of $81.94 billion, a price-to-earnings ratio of 48.96, a PEG ratio of 3.98 and a beta of 1.41. Cintas Co. has a 52-week low of $154.15 and a 52-week high of $228.12. The stock’s 50 day moving average price is $198.90 and its two-hundred day moving average price is $209.12. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.38 and a current ratio of 1.58.

Cintas (NASDAQ:CTAS) last issued its earnings results on Thursday, December 19th. The business services provider reported $1.09 earnings per share (EPS) for the quarter, topping 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 company had revenue of $2.56 billion for the quarter, compared to analysts’ expectations of $2.56 billion. During the same period last year, the business earned $3.61 EPS. Cintas’s quarterly revenue was up 7.8% compared to the same quarter last year. On average, equities analysts predict that Cintas Co. will post 4.31 earnings per share for the current year.

Cintas Dividend Announcement

The company also recently announced 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 0.77%. The ex-dividend date is Friday, February 14th. Cintas’s dividend payout ratio is currently 37.59%.

Analyst Ratings Changes

A number of brokerages have recently commented on CTAS. Royal Bank of Canada reissued a “sector perform” rating and set a $215.00 price target on shares of Cintas in a research note on Friday, December 20th. Morgan Stanley lifted their price target on Cintas from $185.00 to $202.00 and gave the company an “equal weight” rating in a research note on Thursday, December 12th. Truist Financial reduced their target price on Cintas from $225.00 to $215.00 and set a “buy” rating on the stock in a report on Friday, December 20th. Citigroup initiated coverage on Cintas in a report on Monday, February 24th. They issued a “sell” rating and a $161.00 target price on the stock. Finally, The Goldman Sachs Group reduced their target price on Cintas from $236.00 to $211.00 and set a “buy” rating on the stock in a report on Friday, December 20th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $199.79.

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.