Robeco Institutional Asset Management B.V. Sells 52,032 Shares of Cintas Corporation $CTAS

Robeco Institutional Asset Management B.V. trimmed its holdings in shares of Cintas Corporation (NASDAQ:CTAS) by 57.2% during the fourth quarter, HoldingsChannel reports. The firm owned 38,861 shares of the business services provider’s stock after selling 52,032 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Cintas were worth $7,309,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. raised its stake in shares of Cintas by 1.5% during 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 purchasing an additional 564,487 shares during the period. Nordea Investment Management AB raised its stake in shares of Cintas by 6.2% during the 4th quarter. Nordea Investment Management AB now owns 2,729,394 shares of the business services provider’s stock worth $517,466,000 after purchasing an additional 158,785 shares during the period. Ameriprise Financial Inc. raised its stake in shares of Cintas by 0.5% during the 3rd quarter. Ameriprise Financial Inc. now owns 2,559,852 shares of the business services provider’s stock worth $524,460,000 after purchasing an additional 12,841 shares during the period. Amundi raised its stake in shares of Cintas by 39.0% during the 3rd quarter. Amundi now owns 2,223,411 shares of the business services provider’s stock worth $442,548,000 after purchasing an additional 623,770 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in shares of Cintas by 0.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,603,999 shares of the business services provider’s stock worth $329,216,000 after purchasing an additional 7,813 shares during the period. 63.46% of the stock is currently owned by institutional investors.

Cintas Trading Up 0.2%

Shares of CTAS opened at $176.46 on Thursday. The business has a 50-day moving average of $187.99 and a 200 day moving average of $188.94. Cintas Corporation has a fifty-two week low of $165.60 and a fifty-two week high of $229.24. The firm has a market cap of $70.60 billion, a P/E ratio of 49.85, a price-to-earnings-growth ratio of 3.15 and a beta of 1.01. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.74 and a current ratio of 1.98.

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

Cintas Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 15th will be issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Friday, May 15th. Cintas’s payout ratio is presently 50.85%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on CTAS shares. Stifel Nicolaus lowered their target price on Cintas from $222.00 to $190.00 and set a “hold” rating on the stock in a research note on Thursday, March 26th. UBS Group reissued a “buy” rating on shares of Cintas in a report on Thursday, March 12th. Weiss Ratings lowered Cintas from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, April 1st. Morgan Stanley decreased their price objective on Cintas from $220.00 to $210.00 and set an “equal weight” rating for the company in a report on Wednesday, December 17th. Finally, 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 report on Wednesday, March 11th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $215.17.

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.