Caisse DE Depot ET Placement DU Quebec Decreases Holdings in Cintas Co. (NASDAQ:CTAS)

Caisse DE Depot ET Placement DU Quebec reduced its position in Cintas Co. (NASDAQ:CTAS - Free Report) by 15.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 337,834 shares of the business services provider's stock after selling 61,414 shares during the quarter. Caisse DE Depot ET Placement DU Quebec owned about 0.08% of Cintas worth $61,722,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of CTAS. Sound Income Strategies LLC bought a new stake in Cintas during the fourth quarter worth about $27,000. Cyrus J. Lawrence LLC bought a new stake in Cintas in the 4th quarter worth approximately $29,000. Endeavor Private Wealth Inc. bought a new position in Cintas during the fourth quarter valued at approximately $31,000. IAG Wealth Partners LLC raised its stake in shares of Cintas by 136.8% during the fourth quarter. IAG Wealth Partners LLC now owns 180 shares of the business services provider's stock worth $33,000 after acquiring an additional 104 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. purchased a new stake in shares of Cintas in the 4th quarter valued at $34,000. 63.46% of the stock is currently owned by hedge funds and other institutional investors.

Cintas Stock Up 0.1 %

CTAS traded up $0.27 during trading on Monday, reaching $211.82. The stock had a trading volume of 1,069,107 shares, compared to its average volume of 1,697,798. The company has a current ratio of 1.58, a quick ratio of 1.38 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $85.53 billion, a price-to-earnings ratio of 51.07, a P/E/G ratio of 3.98 and a beta of 1.20. The stock's 50 day moving average is $202.06 and its two-hundred day moving average is $204.27. Cintas Co. has a one year low of $164.93 and a one year high of $228.12.

Cintas (NASDAQ:CTAS - Get Free Report) last issued its quarterly earnings results on Wednesday, March 26th. The business services provider reported $1.13 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.05 by $0.08. Cintas had a net margin of 17.23% and a return on equity of 40.62%. The company had revenue of $2.61 billion during the quarter, compared to analysts' expectations of $2.60 billion. During the same period last year, the company posted $3.84 EPS. Cintas's revenue was up 8.4% on a year-over-year basis. As a group, analysts expect that Cintas Co. will post 4.31 earnings per share for the current year.

Cintas Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Thursday, May 15th will be issued a dividend of $0.39 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $1.56 annualized dividend and a dividend yield of 0.74%. Cintas's payout ratio is presently 36.11%.

Wall Street Analyst Weigh In

Several research firms have issued reports on CTAS. Truist Financial upped their price target on shares of Cintas from $215.00 to $230.00 and gave the company a "buy" rating in a research report on Thursday, March 27th. Robert W. Baird boosted their price objective on Cintas from $200.00 to $227.00 and gave the company a "neutral" rating in a research report on Thursday, March 27th. The Goldman Sachs Group raised their target price on shares of Cintas from $211.00 to $233.00 and gave the stock a "buy" rating in a report on Thursday, March 27th. Morgan Stanley upped their price target on shares of Cintas from $195.00 to $213.00 and gave the company an "equal weight" rating in a report on Thursday, March 27th. Finally, Argus raised shares of Cintas to a "strong-buy" rating in a report on Wednesday, April 16th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $213.88.

Insider Transactions at Cintas

In other Cintas news, COO Jim Rozakis sold 2,000 shares of Cintas stock in a transaction on Monday, April 7th. The stock was sold at an average price of $190.37, for a total value of $380,740.00. Following the completion of the sale, the chief operating officer now owns 256,528 shares of the company's stock, valued at approximately $48,835,235.36. This trade represents a 0.77 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Ronald W. Tysoe sold 8,521 shares of the company's stock in a transaction on Monday, April 14th. The shares were sold at an average price of $208.96, for a total value of $1,780,548.16. Following the transaction, the director now directly owns 27,029 shares in the company, valued at approximately $5,647,979.84. The trade was a 23.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 15.00% of the stock is owned by insiders.

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.