Groupama Asset Managment Has $278,000 Stake in Cintas Corporation $CTAS

Groupama Asset Managment trimmed its stake in Cintas Corporation (NASDAQ:CTAS) by 72.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,354 shares of the business services provider’s stock after selling 3,636 shares during the quarter. Groupama Asset Managment’s holdings in Cintas were worth $278,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. Triumph Capital Management purchased a new position in Cintas during the third quarter valued at approximately $29,000. Alpine Bank Wealth Management lifted its position 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 worth $34,000 after buying an additional 153 shares in the last quarter. WPG Advisers LLC boosted its stake in shares of Cintas by 90.0% during 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 period. Salomon & Ludwin LLC boosted its stake in shares of Cintas by 84.0% during 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 period. Finally, Evolution Wealth Management Inc. purchased a new position in shares of Cintas during the 2nd quarter valued at $45,000. 63.46% of the stock is currently owned by institutional investors and hedge funds.

Cintas Price Performance

Shares of NASDAQ:CTAS opened at $179.34 on Friday. The business has a 50 day moving average price of $194.95 and a 200 day moving average price of $192.54. Cintas Corporation has a twelve month low of $177.94 and a twelve month high of $229.24. The company has a market cap of $71.72 billion, a price-to-earnings ratio of 52.29, a PEG ratio of 3.23 and a beta of 0.95. The company has a quick ratio of 1.49, a current ratio of 1.71 and a debt-to-equity ratio of 0.54.

Cintas (NASDAQ:CTAS) last issued its quarterly earnings results on Thursday, December 18th. The business services provider reported $1.21 EPS for the quarter, topping the consensus estimate of $1.20 by $0.01. Cintas had a return on equity of 41.07% and a net margin of 17.58%.The company had revenue of $2.80 billion for the quarter, compared to the consensus estimate of $2.77 billion. During the same period in the previous year, the business posted $1.09 EPS. The company’s revenue for the quarter was up 9.3% on a year-over-year basis. Research analysts predict that Cintas Corporation will post 4.31 earnings per share for the current year.

Cintas Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 13th. Investors of record on Friday, February 13th were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Friday, February 13th. This represents a $1.80 dividend on an annualized basis and a yield of 1.0%. Cintas’s payout ratio is 52.48%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on CTAS. Morgan Stanley dropped their price target on shares of Cintas from $220.00 to $210.00 and set an “equal weight” rating on the stock in a research note on Wednesday, December 17th. Robert W. Baird raised Cintas from a “neutral” rating to an “outperform” rating and set a $250.00 price objective for the company in a research report on Wednesday, March 11th. Argus raised Cintas to a “strong-buy” rating in a research report on Wednesday, January 21st. UBS Group reaffirmed a “buy” rating on shares of Cintas in a research report on Thursday, March 12th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and set a $206.00 price target on shares of Cintas in a report on Friday, December 19th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Cintas has an average rating of “Moderate Buy” and a consensus price target of $220.25.

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.