Transamerica Financial Advisors Inc. Has $4.30 Million Position in Cintas Co. (NASDAQ:CTAS)

Transamerica Financial Advisors Inc. cut its position in shares of Cintas Co. (NASDAQ:CTAS) by 2.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 23,512 shares of the business services provider’s stock after selling 624 shares during the quarter. Transamerica Financial Advisors Inc.’s holdings in Cintas were worth $4,296,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. State Street Corp grew its holdings in shares of Cintas by 299.3% during the 3rd quarter. State Street Corp now owns 14,555,558 shares of the business services provider’s stock worth $2,996,697,000 after purchasing an additional 10,910,285 shares in the last quarter. Geode Capital Management LLC boosted its stake in Cintas by 309.7% during the third quarter. Geode Capital Management LLC now owns 8,248,271 shares of the business services provider’s stock worth $1,693,654,000 after buying an additional 6,235,052 shares in the last quarter. Norges Bank bought a new stake in Cintas in the 4th quarter valued at $877,216,000. Franklin Resources Inc. lifted its holdings in shares of Cintas by 264.7% during the 3rd quarter. Franklin Resources Inc. now owns 3,279,029 shares of the business services provider’s stock worth $693,503,000 after acquiring an additional 2,379,932 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Cintas by 308.2% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,522,921 shares of the business services provider’s stock valued at $519,419,000 after acquiring an additional 1,904,926 shares in the last quarter. 63.46% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

CTAS has been the subject of several recent research reports. Truist Financial increased their price target on shares of Cintas from $215.00 to $230.00 and gave the stock a “buy” rating in a research report on Thursday. Citigroup assumed coverage on Cintas in a research report on Monday, February 24th. They set a “sell” rating and a $161.00 target price for the company. UBS Group upped their price target on Cintas from $218.00 to $240.00 and gave the company a “buy” rating in a research report on Thursday. Morgan Stanley lifted their price objective on Cintas from $195.00 to $213.00 and gave the company an “equal weight” rating in a report on Thursday. Finally, Robert W. Baird upped their target price on shares of Cintas from $200.00 to $227.00 and gave the stock a “neutral” rating in a report on Thursday. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $210.58.

Cintas Stock Down 1.5 %

NASDAQ:CTAS opened at $203.22 on Friday. The stock’s fifty day moving average price is $201.01 and its two-hundred day moving average price is $208.88. The company has a market cap of $82.01 billion, a price-to-earnings ratio of 49.00, a P/E/G ratio of 3.98 and a beta of 1.41. Cintas Co. has a 52-week low of $162.16 and a 52-week 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.

Cintas (NASDAQ:CTAS) last posted its quarterly earnings results on Wednesday, March 26th. The business services provider reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.08. The business had revenue of $2.61 billion for the quarter, compared to analysts’ expectations of $2.60 billion. Cintas had a return on equity of 40.62% and a net margin of 17.23%. The firm’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same quarter last year, the business earned $3.84 earnings per share. On average, analysts anticipate that Cintas Co. will post 4.31 EPS for the current year.

Cintas Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 14th were paid a $0.39 dividend. The ex-dividend date was Friday, February 14th. This represents a $1.56 dividend on an annualized basis and a yield of 0.77%. Cintas’s payout ratio is presently 36.11%.

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.