Aberdeen Group plc Trims Position in Cintas Corporation $CTAS

Aberdeen Group plc decreased its position in shares of Cintas Corporation (NASDAQ:CTAS) by 6.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 254,160 shares of the business services provider’s stock after selling 18,769 shares during the quarter. Aberdeen Group plc owned approximately 0.06% of Cintas worth $47,800,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in Cintas by 1.5% in the third quarter. Vanguard Group Inc. now owns 38,948,620 shares of the business services provider’s stock valued at $7,994,594,000 after buying an additional 564,487 shares during the last quarter. State Street Corp boosted its position in shares of Cintas by 0.5% during the 2nd quarter. State Street Corp now owns 15,118,190 shares of the business services provider’s stock worth $3,369,391,000 after purchasing an additional 82,029 shares during the period. Nordea Investment Management AB increased its holdings in Cintas by 6.2% in the 4th quarter. Nordea Investment Management AB now owns 2,729,394 shares of the business services provider’s stock valued at $517,466,000 after purchasing an additional 158,785 shares during the last quarter. Ameriprise Financial Inc. raised its position in Cintas by 0.5% in the third quarter. Ameriprise Financial Inc. now owns 2,559,852 shares of the business services provider’s stock valued at $524,460,000 after purchasing an additional 12,841 shares during the period. Finally, Amundi raised its position in Cintas by 39.0% in the third quarter. Amundi now owns 2,223,411 shares of the business services provider’s stock valued at $442,548,000 after purchasing an additional 623,770 shares during the period. 63.46% of the stock is currently owned by institutional investors and hedge funds.

Cintas Stock Performance

NASDAQ:CTAS opened at $174.34 on Friday. Cintas Corporation has a 12-month low of $165.60 and a 12-month high of $229.24. 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 50 day simple moving average is $190.70 and its 200-day simple moving average is $190.50. The firm has a market cap of $69.72 billion, a P/E ratio of 49.25, a PEG ratio of 3.12 and a beta of 1.01.

Cintas (NASDAQ:CTAS) last posted its quarterly earnings data on Wednesday, March 25th. The business services provider reported $1.24 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.24. The firm had revenue of $2.84 billion for the quarter, compared to analyst estimates of $2.82 billion. Cintas had a net margin of 17.57% and a return on equity of 41.47%. Cintas’s quarterly revenue was up 8.9% on a year-over-year basis. During the same period last year, the firm posted $1.13 EPS. Equities analysts anticipate that Cintas Corporation will post 4.31 EPS for the current year.

Cintas Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Investors of record on Friday, February 13th were issued 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 currently 50.85%.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Wells Fargo & Company upgraded Cintas from a “cautious” rating to an “overweight” rating and raised their price target for the stock from $205.00 to $245.00 in a research report on Wednesday, January 14th. UBS Group reissued a “buy” rating on shares of Cintas in a research note on Thursday, March 12th. Citigroup lowered their target price on Cintas from $181.00 to $160.00 and set a “sell” rating for the company in a report on Tuesday. Royal Bank Of Canada reissued a “sector perform” rating and set a $206.00 price target on shares of Cintas in a research report on Friday, December 19th. Finally, Robert W. Baird raised Cintas from a “neutral” rating to an “outperform” rating and set a $250.00 price objective on the stock in a research report on Wednesday, March 11th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $215.17.

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.