Robeco Institutional Asset Management B.V. Sells 52,032 Shares of Cintas Corporation $CTAS

Key Points

• Robeco Institutional Asset Management cut its stake in Cintas by 57.2% in Q4, selling 52,032 shares and retaining 38,861 shares worth about $7.31 million.
• Analysts are mixed on CTAS with an average rating of "Hold" and an average price target of $215.17, while firms ranged from Citigroup's $160 sell call to Robert W. Baird's $250 outperform target.
• Cintas matched quarterly EPS expectations at $1.24 and reported revenue up 8.9% to $2.84 billion, and the company announced a quarterly dividend of $0.45 (annualized $1.80) payable June 15.

Robeco Institutional Asset Management B.V. reduced its position in Cintas Corporation (NASDAQ:CTAS - Free Report) by 57.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 38,861 shares of the business services provider's stock after selling 52,032 shares during the period. Robeco Institutional Asset Management B.V.'s holdings in Cintas were worth $7,309,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Richardson Financial Services Inc. lifted its holdings in shares of Cintas by 1.1% in the 4th quarter. Richardson Financial Services Inc. now owns 5,058 shares of the business services provider's stock worth $951,000 after purchasing an additional 54 shares in the last quarter. Woodward Diversified Capital LLC lifted its holdings in shares of Cintas by 4.7% in the 3rd quarter. Woodward Diversified Capital LLC now owns 1,229 shares of the business services provider's stock worth $252,000 after purchasing an additional 55 shares in the last quarter. Continuum Advisory LLC lifted its holdings in shares of Cintas by 0.8% in the 3rd quarter. Continuum Advisory LLC now owns 6,894 shares of the business services provider's stock worth $1,415,000 after purchasing an additional 56 shares in the last quarter. Mather Group LLC. lifted its holdings in shares of Cintas by 1.4% in the 4th quarter. Mather Group LLC. now owns 4,381 shares of the business services provider's stock worth $824,000 after purchasing an additional 59 shares in the last quarter. Finally, Oakworth Capital Inc. lifted its holdings in shares of Cintas by 4.8% in the 3rd quarter. Oakworth Capital Inc. now owns 1,300 shares of the business services provider's stock worth $267,000 after purchasing an additional 60 shares in the last quarter. 63.46% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Citigroup cut their target price on Cintas from $181.00 to $160.00 and set a "sell" rating on the stock in a report on Tuesday, March 31st. Robert W. Baird upgraded Cintas from a "neutral" rating to an "outperform" rating and set a $250.00 target price on the stock in a report on Wednesday, March 11th. Bank of America started coverage on Cintas in a report on Tuesday, February 17th. They issued a "neutral" rating and a $215.00 target price on the stock. Royal Bank Of Canada restated a "sector perform" rating and set a $206.00 price objective on shares of Cintas in a research note on Friday, December 19th. Finally, Stifel Nicolaus dropped their price objective on Cintas from $222.00 to $190.00 and set a "hold" rating on the stock in a research note on Thursday, March 26th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $215.17.

Cintas Price Performance

Shares of NASDAQ:CTAS opened at $176.46 on Thursday. The company has a current ratio of 1.98, a quick ratio of 1.74 and a debt-to-equity ratio of 0.51. The stock's fifty day simple moving average is $187.99 and its two-hundred day simple moving average is $188.94. Cintas Corporation has a 1-year low of $165.60 and a 1-year high of $229.24. The stock has a market cap of $70.60 billion, a PE ratio of 49.85, a price-to-earnings-growth ratio of 3.15 and a beta of 1.01.

Cintas (NASDAQ:CTAS - Get Free Report) last issued its quarterly earnings data on Wednesday, March 25th. The business services provider reported $1.24 earnings per share for the quarter, meeting the consensus estimate of $1.24. Cintas had a return on equity of 41.47% and a net margin of 17.57%.The business had revenue of $2.84 billion for the quarter, compared to analysts' expectations of $2.82 billion. During the same period last year, the business earned $1.13 EPS. The business's revenue was up 8.9% on a year-over-year basis. As a group, analysts forecast that Cintas Corporation will post 4.31 EPS for the current fiscal year.

Cintas Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, May 15th will be paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date is Friday, May 15th. Cintas's payout ratio is presently 50.85%.

Cintas Company Profile

Cintas Corporation NASDAQ: CTAS is a provider of business services and products focused on workplace appearance, safety and facility maintenance. The company is best known for its uniform rental and corporate apparel programs, which include rental, leasing and direct-purchase options, laundering and garment repair. Cintas markets its services to a wide range of end-users, including manufacturing, food service, healthcare, hospitality, retail and government customers.

Beyond uniforms, Cintas offers a suite of facility services and products designed to help organizations maintain clean, safe and compliant workplaces.

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