Barclays PLC Grows Position in Cintas Co. (NASDAQ:CTAS)

Barclays PLC increased its position in shares of Cintas Co. (NASDAQ:CTAS) by 340.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,089,535 shares of the business services provider’s stock after purchasing an additional 841,952 shares during the period. Barclays PLC’s holdings in Cintas were worth $224,312,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. Continuum Advisory LLC boosted its stake in shares of Cintas by 260.5% during the 3rd quarter. Continuum Advisory LLC now owns 6,673 shares of the business services provider’s stock worth $1,448,000 after purchasing an additional 4,822 shares during the period. LRI Investments LLC boosted its stake in shares of Cintas by 300.0% during the 3rd quarter. LRI Investments LLC now owns 728 shares of the business services provider’s stock worth $158,000 after purchasing an additional 546 shares during the period. Geller Advisors LLC boosted its stake in shares of Cintas by 309.1% during the 3rd quarter. Geller Advisors LLC now owns 2,688 shares of the business services provider’s stock worth $553,000 after purchasing an additional 2,031 shares during the period. Public Employees Retirement System of Ohio lifted its holdings in Cintas by 324.1% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 177,032 shares of the business services provider’s stock valued at $36,447,000 after buying an additional 135,289 shares in the last quarter. Finally, EWA LLC lifted its holdings in Cintas by 301.5% during the 3rd quarter. EWA LLC now owns 1,076 shares of the business services provider’s stock valued at $233,000 after buying an additional 808 shares in the last quarter. 63.46% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CTAS has been the subject of a number of research analyst reports. The Goldman Sachs Group decreased their price objective on shares of Cintas from $236.00 to $211.00 and set a “buy” rating for the company in a report on Friday, December 20th. Truist Financial decreased their price objective on shares of Cintas from $225.00 to $215.00 and set a “buy” rating for the company in a report on Friday, December 20th. UBS Group decreased their price objective on shares of Cintas from $240.00 to $218.00 and set a “buy” rating for the company in a report on Friday, December 20th. Wells Fargo & Company decreased their price objective on shares of Cintas from $191.00 to $184.00 and set an “underweight” rating for the company in a report on Friday, December 20th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $215.00 price objective on shares of Cintas in a report on Friday, December 20th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $198.46.

Cintas Trading Up 2.6 %

NASDAQ CTAS opened at $202.56 on Tuesday. 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 $81.74 billion, a PE ratio of 48.84, a price-to-earnings-growth ratio of 3.84 and a beta of 1.37. The company has a 50 day moving average price of $202.99 and a 200 day moving average price of $206.09. Cintas Co. has a 52 week low of $148.87 and a 52 week high of $228.12.

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

Cintas Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 14th will be given a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 0.77%. The ex-dividend date is Friday, February 14th. Cintas’s dividend payout ratio is presently 37.59%.

About Cintas

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.