Cintas Co. (NASDAQ:CTAS) Shares Acquired by LGT Fund Management Co Ltd.

LGT Fund Management Co Ltd. lifted its holdings in shares of Cintas Co. (NASDAQ:CTAS) by 63.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,260 shares of the business services provider’s stock after purchasing an additional 4,000 shares during the quarter. LGT Fund Management Co Ltd.’s holdings in Cintas were worth $1,875,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Hollencrest Capital Management boosted its holdings in shares of Cintas by 433.3% during the third quarter. Hollencrest Capital Management now owns 128 shares of the business services provider’s stock worth $26,000 after purchasing an additional 104 shares during the last quarter. Sound Income Strategies LLC acquired a new stake in shares of Cintas during the fourth quarter worth $27,000. 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 valued at $28,000 after acquiring an additional 114 shares during the last quarter. Endeavor Private Wealth Inc. acquired a new position in Cintas in the fourth quarter valued at $31,000. Finally, Quintet Private Bank Europe S.A. boosted its holdings in Cintas by 357.1% in the third quarter. Quintet Private Bank Europe S.A. now owns 160 shares of the business services provider’s stock valued at $33,000 after acquiring an additional 125 shares during the last quarter. Institutional investors and hedge funds own 63.46% of the company’s stock.

Cintas Stock Down 0.0 %

Shares of NASDAQ CTAS opened at $207.43 on Tuesday. Cintas Co. has a 1 year low of $154.15 and a 1 year high of $228.12. The firm has a market cap of $83.71 billion, a price-to-earnings ratio of 50.01, a PEG ratio of 3.98 and a beta of 1.38. 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’s 50-day simple moving average is $197.54 and its 200-day simple moving average is $209.05.

Cintas (NASDAQ:CTAS) last announced 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 business had revenue of $2.56 billion for the quarter, compared to analyst estimates of $2.56 billion. During the same period in the previous year, the company earned $3.61 earnings per share. The company’s revenue for the quarter was up 7.8% compared to the same quarter last year. As a group, equities analysts anticipate that Cintas Co. will post 4.31 earnings per share for the current fiscal year.

Cintas Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 14th will be given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date of this dividend is Friday, February 14th. Cintas’s payout ratio is 37.59%.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Citigroup assumed coverage on Cintas in a report on Monday, February 24th. They issued a “sell” rating and a $161.00 target price on the stock. Robert W. Baird reduced their target price on Cintas from $209.00 to $200.00 and set a “neutral” rating on the stock in a report on Friday, December 20th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $215.00 target price on shares of Cintas in a report on Friday, December 20th. Morgan Stanley lifted their target price on Cintas from $185.00 to $202.00 and gave the company an “equal weight” rating in a report on Thursday, December 12th. 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 equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $199.79.

Cintas 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.