Union Bancaire Privee UBP SA Invests $268,000 in Cintas Co. (NASDAQ:CTAS)

Union Bancaire Privee UBP SA bought a new position in Cintas Co. (NASDAQ:CTAS) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 1,610 shares of the business services provider’s stock, valued at approximately $268,000.

A number of other institutional investors also recently bought and sold shares of the stock. Ballentine Partners LLC grew its stake in shares of Cintas by 242.7% during the 3rd quarter. Ballentine Partners LLC now owns 2,190 shares of the business services provider’s stock valued at $451,000 after acquiring an additional 1,551 shares during the period. Mediolanum International Funds Ltd boosted its position in shares of Cintas by 300.0% in the third quarter. Mediolanum International Funds Ltd now owns 2,204 shares of the business services provider’s stock worth $445,000 after purchasing an additional 1,653 shares during the period. Allworth Financial LP increased its stake in shares of Cintas by 201.5% in the third quarter. Allworth Financial LP now owns 5,608 shares of the business services provider’s stock worth $1,155,000 after purchasing an additional 3,748 shares in the last quarter. PFG Investments LLC bought a new stake in shares of Cintas during the 3rd quarter valued at $263,000. Finally, Wealth Enhancement Advisory Services LLC lifted its stake in shares of Cintas by 437.2% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 162,127 shares of the business services provider’s stock valued at $33,379,000 after buying an additional 131,946 shares in the last quarter. 63.46% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on CTAS. Robert W. Baird cut their price target on Cintas from $209.00 to $200.00 and set a “neutral” rating for the company in a research note on Friday, December 20th. Royal Bank of Canada reiterated a “sector perform” rating and set a $215.00 target price on shares of Cintas in a research report on Friday, December 20th. The Goldman Sachs Group lowered their price target on Cintas from $236.00 to $211.00 and set a “buy” rating on the stock in a report on Friday, December 20th. Wells Fargo & Company cut 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, Truist Financial reduced their price objective on shares of Cintas from $225.00 to $215.00 and set a “buy” rating on the stock in a research 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 issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Cintas currently has a consensus rating of “Hold” and an average price target of $199.79.

Cintas Trading Down 0.5 %

Shares of NASDAQ CTAS opened at $203.35 on Tuesday. The business has a fifty day moving average price of $196.36 and a 200 day moving average price of $208.51. Cintas Co. has a 1-year low of $154.15 and a 1-year high of $228.12. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.58 and a quick ratio of 1.38. The stock has a market capitalization of $82.06 billion, a P/E ratio of 49.03, a price-to-earnings-growth ratio of 3.98 and a beta of 1.38.

Cintas (NASDAQ:CTAS) last issued its quarterly 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 the consensus estimate of $2.56 billion. During the same period in the prior year, the firm posted $3.61 earnings per share. The business’s quarterly revenue was up 7.8% on a year-over-year basis. Equities research analysts expect 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 of this dividend is Friday, February 14th. Cintas’s dividend payout ratio is presently 37.59%.

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.