UniSuper Management Pty Ltd Has $4.48 Million Stock Holdings in Cintas Co. (NASDAQ:CTAS)

UniSuper Management Pty Ltd decreased its stake in Cintas Co. (NASDAQ:CTAS) by 60.4% in the fourth quarter, Holdings Channel reports. The institutional investor owned 24,516 shares of the business services provider’s stock after selling 37,357 shares during the quarter. UniSuper Management Pty Ltd’s holdings in Cintas were worth $4,479,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. Sound Income Strategies LLC purchased a new stake in shares of Cintas during the fourth quarter worth $27,000. Cyrus J. Lawrence LLC purchased a new stake in shares of Cintas during the 4th quarter worth about $29,000. Endeavor Private Wealth Inc. purchased a new stake in shares of Cintas during the 4th quarter worth about $31,000. IAG Wealth Partners LLC grew its stake in shares of Cintas by 136.8% in the 4th quarter. IAG Wealth Partners LLC now owns 180 shares of the business services provider’s stock valued at $33,000 after buying an additional 104 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. bought a new stake in shares of Cintas in the 4th quarter valued at approximately $34,000. Institutional investors and hedge funds own 63.46% of the company’s stock.

Cintas Stock Down 1.5 %

Shares of CTAS stock opened at $203.22 on Friday. Cintas Co. has a 12 month low of $162.16 and a 12 month high of $228.12. 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 $82.01 billion, a PE ratio of 49.00, a price-to-earnings-growth ratio of 3.98 and a beta of 1.41. The stock has a 50 day moving average of $201.01 and a 200-day moving average of $208.88.

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

Cintas Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 14th were given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 0.77%. The ex-dividend date was Friday, February 14th. Cintas’s dividend payout ratio (DPR) is presently 36.11%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on CTAS. Morgan Stanley lifted their target price on shares of Cintas from $195.00 to $213.00 and gave the company an “equal weight” rating in a research note on Thursday. Wells Fargo & Company upped their price objective on shares of Cintas from $184.00 to $196.00 and gave the stock an “underweight” rating in a report on Thursday. The Goldman Sachs Group increased their target price on shares of Cintas from $211.00 to $233.00 and gave the stock a “buy” rating in a research report on Thursday. UBS Group boosted their price target on Cintas from $218.00 to $240.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, Robert W. Baird increased their price objective on Cintas from $200.00 to $227.00 and gave the company 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 data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $210.58.

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.