Janus Henderson Group PLC Grows Stock Position in Cintas Co. (NASDAQ:CTAS)

Janus Henderson Group PLC grew its position in Cintas Co. (NASDAQ:CTAS - Free Report) by 29.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 91,322 shares of the business services provider's stock after buying an additional 21,015 shares during the quarter. Janus Henderson Group PLC's holdings in Cintas were worth $16,683,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Sound Income Strategies LLC bought a new position in Cintas in the fourth quarter worth approximately $27,000. Cyrus J. Lawrence LLC purchased a new stake in shares of Cintas during the fourth quarter valued at about $29,000. Endeavor Private Wealth Inc. purchased a new position in shares of Cintas in the 4th quarter worth approximately $31,000. IAG Wealth Partners LLC boosted its stake in Cintas by 136.8% in the fourth quarter. IAG Wealth Partners LLC now owns 180 shares of the business services provider's stock valued at $33,000 after acquiring an additional 104 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. purchased a new position in Cintas in the fourth quarter worth $34,000. Hedge funds and other institutional investors own 63.46% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Bank of America began coverage on Cintas in a research report on Thursday, April 10th. They set a "buy" rating and a $250.00 target price on the stock. Truist Financial lifted their price objective on shares of Cintas from $215.00 to $230.00 and gave the stock a "buy" rating in a research note on Thursday, March 27th. Robert W. Baird lifted their price target on Cintas from $200.00 to $227.00 and gave the stock a "neutral" rating in a research report on Thursday, March 27th. Citigroup started coverage on Cintas in a research note on Monday, February 24th. They issued a "sell" rating and a $161.00 price objective for the company. Finally, Argus upgraded 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 assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $213.88.

Insider Buying and Selling

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

Cintas Price Performance

Shares of CTAS traded up $2.18 during trading hours on Monday, hitting $223.03. 1,137,063 shares of the stock were exchanged, compared to its average volume of 1,705,302. Cintas Co. has a 12-month low of $164.93 and a 12-month high of $228.12. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.38 and a current ratio of 1.58. The stock's 50-day moving average price is $204.52 and its two-hundred day moving average price is $204.70. The company has a market cap of $90.06 billion, a price-to-earnings ratio of 53.77, a price-to-earnings-growth ratio of 3.98 and a beta of 1.09.

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

Cintas Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Thursday, May 15th will be given a $0.39 dividend. The ex-dividend date is Thursday, May 15th. This represents a $1.56 annualized dividend and a yield of 0.70%. Cintas's payout ratio is 36.11%.

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.