Thompson Siegel & Walmsley LLC Has $1.18 Million Holdings in Cintas Co. (NASDAQ:CTAS)

Thompson Siegel & Walmsley LLC increased its position in Cintas Co. (NASDAQ:CTAS) by 230.6% in the third quarter, HoldingsChannel reports. The firm owned 5,712 shares of the business services provider’s stock after acquiring an additional 3,984 shares during the period. Thompson Siegel & Walmsley LLC’s holdings in Cintas were worth $1,176,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Impax Asset Management Group plc boosted its position in shares of Cintas by 211.1% in the third quarter. Impax Asset Management Group plc now owns 2,429,272 shares of the business services provider’s stock worth $499,236,000 after buying an additional 1,648,350 shares during the period. King Luther Capital Management Corp lifted its stake in Cintas by 293.2% in the 3rd quarter. King Luther Capital Management Corp now owns 1,904,296 shares of the business services provider’s stock worth $392,056,000 after acquiring an additional 1,419,975 shares in the last quarter. Alecta Tjanstepension Omsesidigt lifted its stake in Cintas by 300.0% in the 3rd quarter. Alecta Tjanstepension Omsesidigt now owns 1,630,000 shares of the business services provider’s stock worth $335,552,000 after acquiring an additional 1,222,500 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in Cintas by 299.8% during the 3rd quarter. PNC Financial Services Group Inc. now owns 1,286,525 shares of the business services provider’s stock worth $264,870,000 after acquiring an additional 964,698 shares during the period. Finally, Swiss National Bank grew its stake in Cintas by 301.0% during the 3rd quarter. Swiss National Bank now owns 1,084,400 shares of the business services provider’s stock valued at $223,256,000 after acquiring an additional 814,000 shares in the last quarter. 63.46% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CTAS has been the subject of a number of research analyst reports. Royal Bank of Canada increased their price target on shares of Cintas from $181.00 to $215.00 and gave the stock a “sector perform” rating in a research report on Thursday, September 26th. Truist Financial increased their target price on shares of Cintas from $212.50 to $225.00 and gave the stock a “buy” rating in a research report on Tuesday, September 17th. The Goldman Sachs Group boosted their price target on shares of Cintas from $212.00 to $236.00 and gave the company a “buy” rating in a report on Thursday, September 26th. Morgan Stanley increased their price objective on Cintas from $170.00 to $185.00 and gave the stock an “equal weight” rating in a report on Thursday, September 26th. Finally, Robert W. Baird boosted their target price on Cintas from $194.00 to $209.00 and gave the company a “neutral” rating in a research note on Thursday, September 26th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $199.63.

Cintas Stock Up 0.1 %

Shares of Cintas stock opened at $221.76 on Friday. Cintas Co. has a 12-month low of $136.87 and a 12-month high of $227.35. The stock has a market capitalization of $89.44 billion, a P/E ratio of 56.00, a PEG ratio of 4.29 and a beta of 1.32. The company has a quick ratio of 1.33, a current ratio of 1.53 and a debt-to-equity ratio of 0.50. The stock has a 50 day moving average price of $210.64 and a two-hundred day moving average price of $197.09.

Cintas (NASDAQ:CTAS) last posted its quarterly earnings data on Wednesday, September 25th. The business services provider reported $1.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.00 by $0.10. The business had revenue of $2.50 billion during the quarter, compared to the consensus estimate of $2.49 billion. Cintas had a net margin of 16.80% and a return on equity of 39.56%. Cintas’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.70 EPS. Equities analysts expect that Cintas Co. will post 4.23 earnings per share for the current year.

Cintas Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 15th will be paid a $0.39 dividend. The ex-dividend date is Friday, November 15th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.70%. Cintas’s payout ratio is presently 39.39%.

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.