Sumitomo Mitsui Trust Group Inc. Has $172.26 Million Position in Cintas Corporation $CTAS

Key Points

• Sumitomo Mitsui Trust Group trimmed its Q4 stake in Cintas by 1.3%, selling 12,251 shares to hold 915,944 shares worth about $172.26 million (≈0.23% of the company); institutional investors own 63.46% of CTAS.
• Analysts have a consensus "Hold" rating with a $215.17 target; recent broker moves include Stifel cutting its target to $190, Baird upgrading to Outperform with a $250 target, and UBS reaffirming a Buy.
• Cintas reported Q earnings of $1.24 EPS (in line) and revenue of $2.84 billion (+8.9% YoY); the stock has a market cap of about $70 billion, a P/E near 49.4, and pays a $0.45 quarterly dividend (≈1.0% yield).

Sumitomo Mitsui Trust Group Inc. lessened its holdings in Cintas Corporation (NASDAQ:CTAS - Free Report) by 1.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 915,944 shares of the business services provider's stock after selling 12,251 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned approximately 0.23% of Cintas worth $172,262,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Triumph Capital Management bought a new position in Cintas in the 3rd quarter valued at approximately $29,000. Alpine Bank Wealth Management raised its holdings in Cintas by 1,092.9% in the 3rd quarter. Alpine Bank Wealth Management now owns 167 shares of the business services provider's stock valued at $34,000 after buying an additional 153 shares during the last quarter. WPG Advisers LLC raised its holdings in Cintas by 90.0% in the 3rd quarter. WPG Advisers LLC now owns 171 shares of the business services provider's stock valued at $35,000 after buying an additional 81 shares during the last quarter. Aventura Private Wealth LLC bought a new position in Cintas in the 4th quarter valued at approximately $34,000. Finally, Salomon & Ludwin LLC raised its holdings in Cintas by 84.0% in the 3rd quarter. Salomon & Ludwin LLC now owns 184 shares of the business services provider's stock valued at $37,000 after buying an additional 84 shares during the last quarter. Institutional investors own 63.46% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on CTAS. Stifel Nicolaus decreased their price target on Cintas from $222.00 to $190.00 and set a "hold" rating for the company in a research note on Thursday, March 26th. Weiss Ratings cut Cintas from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Wednesday, April 1st. Robert W. Baird raised Cintas from a "neutral" rating to an "outperform" rating and set a $250.00 price target for the company in a research note on Wednesday, March 11th. Morgan Stanley decreased their price target on Cintas from $220.00 to $210.00 and set an "equal weight" rating for the company in a research note on Wednesday, December 17th. Finally, UBS Group reissued a "buy" rating on shares of Cintas in a research note on Thursday, March 12th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, Cintas presently has a consensus rating of "Hold" and a consensus target price of $215.17.

Cintas Stock Performance

Shares of CTAS stock opened at $174.93 on Monday. The stock has a market cap of $69.99 billion, a price-to-earnings ratio of 49.42, a PEG ratio of 3.13 and a beta of 1.01. The stock has a 50-day moving average of $188.91 and a 200-day moving average of $189.41. The company has a current ratio of 1.98, a quick ratio of 1.74 and a debt-to-equity ratio of 0.51. Cintas Corporation has a 1-year low of $165.60 and a 1-year high of $229.24.

Cintas (NASDAQ:CTAS - Get Free Report) last released its earnings results on Wednesday, March 25th. The business services provider reported $1.24 EPS for the quarter, hitting 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 during the quarter, compared to analysts' expectations of $2.82 billion. During the same quarter last year, the firm posted $1.13 earnings per share. The firm's revenue was up 8.9% on a year-over-year basis. On average, 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 announced a quarterly dividend, which was paid on Friday, March 13th. Investors of record on Friday, February 13th were paid a dividend of $0.45 per share. The ex-dividend date of this dividend was Friday, February 13th. This represents a $1.80 annualized dividend and a yield of 1.0%. Cintas's dividend payout ratio (DPR) is currently 50.85%.

Cintas 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.

Want to see what other hedge funds are holding CTAS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cintas Corporation (NASDAQ:CTAS - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.