Robeco Institutional Asset Management B.V. Boosts Stock Position in Cintas Corporation (NASDAQ:CTAS)

Robeco Institutional Asset Management B.V. raised its holdings in Cintas Corporation (NASDAQ:CTAS - Free Report) by 15.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 291,521 shares of the business services provider's stock after acquiring an additional 39,334 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 0.07% of Cintas worth $59,916,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of CTAS. Cyrus J. Lawrence LLC acquired a new position in shares of Cintas during the 4th quarter valued at about $29,000. IAG Wealth Partners LLC boosted its holdings in 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 purchasing an additional 104 shares during the last quarter. Meeder Asset Management Inc. grew its stake in shares of Cintas by 239.3% in the 4th quarter. Meeder Asset Management Inc. now owns 190 shares of the business services provider's stock valued at $35,000 after buying an additional 134 shares during the period. OFI Invest Asset Management acquired a new stake in shares of Cintas during the 4th quarter worth approximately $37,000. Finally, E Fund Management Hong Kong Co. Ltd. increased its holdings in shares of Cintas by 646.4% during the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 209 shares of the business services provider's stock worth $43,000 after buying an additional 181 shares during the last quarter. 63.46% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

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

Cintas Trading Up 0.1%

NASDAQ CTAS traded up $0.31 during trading on Friday, hitting $220.75. The stock had a trading volume of 1,565,480 shares, compared to its average volume of 1,699,282. The company has a quick ratio of 1.50, a current ratio of 1.72 and a debt-to-equity ratio of 0.44. The company has a market capitalization of $89.14 billion, a PE ratio of 51.13, a PEG ratio of 3.42 and a beta of 1.07. The firm has a 50 day moving average price of $218.34 and a 200 day moving average price of $205.60. Cintas Corporation has a twelve month low of $172.20 and a twelve month high of $229.24.

Cintas (NASDAQ:CTAS - Get Free Report) last posted its quarterly earnings data 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. Cintas had a net margin of 17.53% and a return on equity of 41.30%. The business had revenue of $2.61 billion during the quarter, compared to analyst estimates of $2.60 billion. During the same quarter last year, the firm posted $3.84 earnings per share. The business's revenue for the quarter was up 8.4% compared to the same quarter last year. As a group, equities research analysts forecast that Cintas Corporation will post 4.31 earnings per share for the current year.

Cintas Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Thursday, May 15th were given a $0.39 dividend. The ex-dividend date was Thursday, May 15th. This represents a $1.56 annualized dividend and a yield of 0.71%. Cintas's dividend payout ratio is presently 36.11%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on CTAS shares. Bank of America started coverage on Cintas in a research report on Thursday, April 10th. They issued a "buy" rating and a $250.00 price objective for the company. Argus raised Cintas to a "strong-buy" rating in a research note on Wednesday, April 16th. The Goldman Sachs Group raised their price objective on Cintas from $211.00 to $233.00 and gave the stock a "buy" rating in a research report on Thursday, March 27th. Truist Financial raised their price objective on Cintas from $215.00 to $230.00 and gave the stock a "buy" rating in a research report on Thursday, March 27th. Finally, Royal Bank Of Canada reaffirmed a "sector perform" rating and set a $240.00 target price (up previously from $215.00) on shares of Cintas in a research note on Monday, June 9th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Cintas has a consensus rating of "Hold" and a consensus target price of $215.81.

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.