Cintas Co. (NASDAQ:CTAS) Holdings Raised by China Universal Asset Management Co. Ltd.

China Universal Asset Management Co. Ltd. increased its holdings in shares of Cintas Co. (NASDAQ:CTAS - Free Report) by 28.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,563 shares of the business services provider's stock after acquiring an additional 1,450 shares during the quarter. China Universal Asset Management Co. Ltd.'s holdings in Cintas were worth $1,199,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Financial Management Professionals Inc. boosted its position in shares of Cintas by 341.4% during the third quarter. Financial Management Professionals Inc. now owns 128 shares of the business services provider's stock worth $26,000 after buying an additional 99 shares during the period. Hollencrest Capital Management raised its holdings in Cintas by 433.3% in the third quarter. Hollencrest Capital Management now owns 128 shares of the business services provider's stock valued at $26,000 after acquiring an additional 104 shares in the last quarter. Sound Income Strategies LLC acquired a new position in Cintas during the 4th quarter worth approximately $27,000. Addison Advisors LLC raised its holdings in shares of Cintas by 495.7% in the 3rd quarter. Addison Advisors LLC now owns 137 shares of the business services provider's stock valued at $28,000 after purchasing an additional 114 shares in the last quarter. Finally, Grove Bank & Trust raised its stake in Cintas by 1,340.0% in the third quarter. Grove Bank & Trust now owns 144 shares of the business services provider's stock valued at $30,000 after buying an additional 134 shares in the last quarter. 63.46% of the stock is currently owned by institutional investors and hedge funds.

Cintas Trading Up 0.5 %

NASDAQ:CTAS traded up $1.10 during mid-day trading on Wednesday, reaching $201.71. The company's stock had a trading volume of 808,507 shares, compared to its average volume of 1,752,515. Cintas Co. has a twelve month low of $150.70 and a twelve month high of $228.12. The company's fifty day simple moving average is $200.20 and its two-hundred day simple moving average is $206.99. 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 cap of $81.40 billion, a P/E ratio of 48.63, a P/E/G ratio of 3.87 and a beta of 1.38.

Cintas (NASDAQ:CTAS - Get Free Report) last released its quarterly earnings data on Thursday, December 19th. The business services provider reported $1.09 EPS for the quarter, topping analysts' consensus estimates of $1.01 by $0.08. The business had revenue of $2.56 billion during the quarter, compared to the consensus estimate of $2.56 billion. Cintas had a return on equity of 40.62% and a net margin of 17.23%. The business's revenue for the quarter was up 7.8% on a year-over-year basis. During the same period in the prior year, the firm posted $3.61 EPS. On average, equities analysts predict that Cintas Co. will post 4.31 EPS for the current year.

Cintas Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 14th will be given a $0.39 dividend. 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 (DPR) is 37.61%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. UBS Group lowered their price target on Cintas from $240.00 to $218.00 and set a "buy" rating for the company in a report on Friday, December 20th. Morgan Stanley raised their price objective on shares of Cintas from $185.00 to $202.00 and gave the stock an "equal weight" rating in a research report on Thursday, December 12th. Robert W. Baird dropped their price target on Cintas from $209.00 to $200.00 and set a "neutral" rating on the stock in a research report on Friday, December 20th. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $215.00 price objective on shares of Cintas in a research report on Friday, December 20th. Finally, Truist Financial cut their price target on Cintas from $225.00 to $215.00 and set a "buy" rating for the company in a research note 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 assigned a buy rating to the company's stock. Based on data from MarketBeat, Cintas presently has an average rating of "Hold" and an average price target of $198.46.

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.