UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $514.88 Million Stock Holdings in Cintas Co. (NASDAQ:CTAS)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Cintas Co. (NASDAQ:CTAS) by 11.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,818,147 shares of the business services provider’s stock after purchasing an additional 295,226 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Cintas were worth $514,875,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Unio Capital LLC lifted its stake in shares of Cintas by 46.2% in the 4th quarter. Unio Capital LLC now owns 70,772 shares of the business services provider’s stock valued at $12,930,000 after purchasing an additional 22,355 shares during the period. Waverly Advisors LLC lifted its stake in shares of Cintas by 102.1% in the 4th quarter. Waverly Advisors LLC now owns 11,509 shares of the business services provider’s stock valued at $2,103,000 after purchasing an additional 5,814 shares during the period. Woodline Partners LP acquired a new position in shares of Cintas in the 4th quarter valued at about $3,761,000. Twinbeech Capital LP acquired a new position in shares of Cintas in the 4th quarter valued at about $45,005,000. Finally, Texas Bank & Trust Co acquired a new position in shares of Cintas in the 4th quarter valued at about $694,000. 63.46% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, COO Jim Rozakis sold 2,000 shares of the business’s stock in a transaction dated Monday, April 7th. The shares were sold at an average price of $190.37, for a total transaction of $380,740.00. Following the transaction, the chief operating officer now directly owns 256,528 shares in the company, valued at approximately $48,835,235.36. The trade was a 0.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Ronald W. Tysoe sold 8,521 shares of the business’s stock in a transaction dated Monday, April 14th. The stock was sold at an average price of $208.96, for a total transaction of $1,780,548.16. Following the transaction, the director now owns 27,029 shares in the company, valued at approximately $5,647,979.84. This trade represents a 23.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. 15.00% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. Citigroup assumed coverage on shares of Cintas in a research note on Monday, February 24th. They issued a “sell” rating and a $161.00 price target for the company. UBS Group lifted their price target on shares of Cintas from $218.00 to $240.00 and gave the company a “buy” rating in a research note on Thursday, March 27th. The Goldman Sachs Group lifted their price target on shares of Cintas from $211.00 to $233.00 and gave the company a “buy” rating in a research note on Thursday, March 27th. Truist Financial lifted their price target on shares of Cintas from $215.00 to $230.00 and gave the company a “buy” rating in a research note on Thursday, March 27th. Finally, Redburn Atlantic downgraded shares of Cintas from a “neutral” rating to a “sell” rating and set a $171.00 price target for the company. in a research note on Thursday, May 1st. Three analysts have rated the stock with a sell rating, six have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Cintas currently has a consensus rating of “Hold” and an average target price of $213.88.

Cintas Trading Down 0.1%

NASDAQ:CTAS opened at $222.87 on Wednesday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.58 and a quick ratio of 1.38. The firm has a 50-day moving average of $205.78 and a 200-day moving average of $204.95. The company has a market cap of $89.99 billion, a PE ratio of 53.74, a PEG ratio of 3.98 and a beta of 1.09. Cintas Co. has a one year low of $164.93 and a one year high of $228.12.

Cintas (NASDAQ:CTAS) last released its quarterly earnings results on Wednesday, March 26th. The business services provider reported $1.13 earnings per share for the quarter, topping the consensus estimate of $1.05 by $0.08. Cintas had a net margin of 17.23% and a return on equity of 40.62%. The business had revenue of $2.61 billion for the quarter, compared to analysts’ expectations of $2.60 billion. During the same period in the previous year, the company earned $3.84 earnings per share. The firm’s revenue for the quarter was up 8.4% compared to the same quarter last year. As a group, equities research analysts expect that Cintas Co. will post 4.31 EPS for the current fiscal year.

Cintas Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Thursday, May 15th will be issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 0.70%. The ex-dividend date of this dividend is Thursday, May 15th. Cintas’s dividend payout ratio (DPR) is presently 36.11%.

Cintas 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.