Dynamic Technology Lab Private Ltd Has $3.66 Million Holdings in Cintas Co. (NASDAQ:CTAS)

Dynamic Technology Lab Private Ltd grew its holdings in shares of Cintas Co. (NASDAQ:CTAS) by 492.0% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 17,761 shares of the business services provider’s stock after buying an additional 14,761 shares during the period. Cintas makes up 0.4% of Dynamic Technology Lab Private Ltd’s investment portfolio, making the stock its 25th largest holding. Dynamic Technology Lab Private Ltd’s holdings in Cintas were worth $3,657,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. LGT Financial Advisors LLC grew its holdings in Cintas by 311.1% in the second quarter. LGT Financial Advisors LLC now owns 37 shares of the business services provider’s stock worth $26,000 after purchasing an additional 28 shares during the period. Financial Management Professionals Inc. grew its stake in shares of Cintas by 341.4% in the 3rd quarter. Financial Management Professionals Inc. now owns 128 shares of the business services provider’s stock valued at $26,000 after buying an additional 99 shares during the period. Hollencrest Capital Management increased its position in Cintas by 433.3% in the 3rd quarter. Hollencrest Capital Management now owns 128 shares of the business services provider’s stock valued at $26,000 after buying an additional 104 shares in the last quarter. Atwood & Palmer Inc. acquired a new position in Cintas during the 2nd quarter worth approximately $27,000. Finally, Addison Advisors LLC boosted its holdings in Cintas by 495.7% in the third quarter. Addison Advisors LLC now owns 137 shares of the business services provider’s stock worth $28,000 after acquiring an additional 114 shares in the last quarter. Institutional investors and hedge funds own 63.46% of the company’s stock.

Analyst Upgrades and Downgrades

CTAS has been the topic of a number of research reports. Truist Financial upped their target price on Cintas from $212.50 to $225.00 and gave the stock a “buy” rating in a research report on Tuesday, September 17th. The Goldman Sachs Group raised their price objective on shares of Cintas from $212.00 to $236.00 and gave the company a “buy” rating in a research note on Thursday, September 26th. Wells Fargo & Company boosted their target price on shares of Cintas from $184.00 to $191.00 and gave the stock an “underweight” rating in a research report on Thursday, September 26th. Robert W. Baird raised their price target on shares of Cintas from $194.00 to $209.00 and gave the company a “neutral” rating in a research report on Thursday, September 26th. Finally, Jefferies Financial Group cut their price target on Cintas from $730.00 to $200.00 and set a “hold” rating for the company in a research note on Thursday, September 26th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, Cintas currently has an average rating of “Hold” and an average target price of $199.63.

Cintas Stock Performance

NASDAQ CTAS opened at $221.76 on Monday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.33 and a current ratio of 1.53. The company has a market capitalization of $89.44 billion, a PE ratio of 56.00, a price-to-earnings-growth ratio of 4.37 and a beta of 1.32. Cintas Co. has a 52-week low of $136.87 and a 52-week high of $227.35. The company has a 50-day simple moving average of $210.64 and a 200 day simple moving average of $197.43.

Cintas (NASDAQ:CTAS) last posted its quarterly earnings results on Wednesday, September 25th. The business services provider reported $1.10 EPS for the quarter, topping analysts’ consensus estimates of $1.00 by $0.10. Cintas had a net margin of 16.80% and a return on equity of 39.56%. The company had revenue of $2.50 billion for the quarter, compared to analysts’ expectations of $2.49 billion. During the same quarter in the previous year, the firm posted $3.70 EPS. Cintas’s revenue was up 6.8% on a year-over-year basis. On average, research analysts predict that Cintas Co. will post 4.23 EPS for the current year.

Cintas Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 15th will be paid a dividend of $0.39 per share. The ex-dividend date is Friday, November 15th. This represents a $1.56 annualized dividend and a dividend yield of 0.70%. Cintas’s payout ratio is 39.39%.

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.