Caledonia Investments PLC Takes Position in Cintas Corporation $CTAS

Caledonia Investments PLC bought a new stake in Cintas Corporation (NASDAQ:CTAS) in the fourth quarter, HoldingsChannel.com reports. The fund bought 177,000 shares of the business services provider’s stock, valued at approximately $33,287,000. Cintas accounts for approximately 3.7% of Caledonia Investments PLC’s investment portfolio, making the stock its 13th biggest position.

Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in shares of Cintas by 1.5% in the 3rd quarter. Vanguard Group Inc. now owns 38,948,620 shares of the business services provider’s stock worth $7,994,594,000 after buying an additional 564,487 shares during the last quarter. State Street Corp lifted its holdings in shares of Cintas by 0.5% in the 2nd quarter. State Street Corp now owns 15,118,190 shares of the business services provider’s stock valued at $3,369,391,000 after acquiring an additional 82,029 shares during the last quarter. Nordea Investment Management AB lifted its holdings in shares of 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 acquiring an additional 158,785 shares during the last quarter. Ameriprise Financial Inc. grew 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 worth $524,460,000 after acquiring an additional 12,841 shares in the last quarter. Finally, Amundi increased its stake in Cintas by 39.0% during the third quarter. Amundi now owns 2,223,411 shares of the business services provider’s stock worth $442,548,000 after acquiring an additional 623,770 shares during the last quarter. Institutional investors own 63.46% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Wells Fargo & Company raised Cintas from a “cautious” rating to an “overweight” rating and raised their price objective for the company from $205.00 to $245.00 in a research note on Wednesday, January 14th. Robert W. Baird upgraded Cintas from a “neutral” rating to an “outperform” rating and set a $250.00 price target on the stock in a report on Wednesday, March 11th. Bank of America started coverage on shares of Cintas in a research note on Tuesday, February 17th. They set a “neutral” rating and a $215.00 price objective for the company. Morgan Stanley cut their price objective on shares of Cintas from $220.00 to $210.00 and set an “equal weight” rating on the stock in a research report on Wednesday, December 17th. Finally, Stifel Nicolaus lowered their target price on shares of Cintas from $222.00 to $190.00 and set a “hold” rating for the company in a report on Thursday, March 26th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $215.17.

Cintas Price Performance

Shares of CTAS opened at $174.34 on Friday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.74 and a current ratio of 1.98. The company has a 50 day moving average price of $191.08 and a 200-day moving average price of $190.68. Cintas Corporation has a fifty-two week low of $165.60 and a fifty-two week high of $229.24. The stock has a market capitalization of $69.72 billion, a PE ratio of 49.25, a PEG ratio of 3.08 and a beta of 1.01.

Cintas (NASDAQ:CTAS) last issued its quarterly earnings data on Wednesday, March 25th. The business services provider reported $1.24 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.24. The company 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 revenue was up 8.9% compared to the same quarter last year. During the same period last year, the company posted $1.13 earnings per share. Equities analysts predict that Cintas Corporation will post 4.31 earnings per share for the current fiscal year.

Cintas Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 13th. Stockholders of record on Friday, February 13th were issued a $0.45 dividend. The ex-dividend date was Friday, February 13th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.0%. Cintas’s dividend payout ratio (DPR) is currently 50.85%.

Cintas 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.