Banque Cantonale Vaudoise Has $1.03 Million Stock Holdings in Cintas Corporation $CTAS

Banque Cantonale Vaudoise raised its holdings in Cintas Corporation (NASDAQ:CTAS) by 212.5% during the first quarter, HoldingsChannel.com reports. The fund owned 6,066 shares of the business services provider’s stock after purchasing an additional 4,125 shares during the period. Banque Cantonale Vaudoise’s holdings in Cintas were worth $1,026,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the business. Prana Capital Management LP acquired a new position in shares of Cintas during the third quarter worth $14,312,000. First Trust Advisors LP boosted its holdings in shares of Cintas by 2.5% during the 3rd quarter. First Trust Advisors LP now owns 413,665 shares of the business services provider’s stock valued at $84,909,000 after acquiring an additional 10,249 shares in the last quarter. Union Bancaire Privee UBP SA bought a new stake in Cintas during the 4th quarter worth $15,736,000. California Public Employees Retirement System grew its position in Cintas by 19.0% during the 3rd quarter. California Public Employees Retirement System now owns 792,816 shares of the business services provider’s stock worth $162,733,000 after acquiring an additional 126,845 shares during the last quarter. Finally, Caledonia Investments PLC acquired a new position in Cintas in the 4th quarter worth about $33,287,000. Institutional investors and hedge funds own 63.46% of the company’s stock.

Cintas Trading Up 1.7%

NASDAQ CTAS opened at $171.90 on Friday. The business’s 50-day moving average price is $172.95 and its two-hundred day moving average price is $183.36. Cintas Corporation has a 12 month low of $161.16 and a 12 month high of $226.75. The firm has a market capitalization of $68.78 billion, a PE ratio of 48.56, a price-to-earnings-growth ratio of 2.74 and a beta of 0.94. The company has a current ratio of 1.98, a quick ratio of 1.74 and a debt-to-equity ratio of 0.51.

Cintas (NASDAQ:CTAS) last issued its quarterly earnings results on Wednesday, March 25th. The business services provider reported $1.24 earnings per share for the quarter, meeting 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 analysts’ expectations of $2.82 billion. During the same quarter in the prior year, the firm posted $1.13 earnings per share. The business’s quarterly revenue was up 8.9% on a year-over-year basis. On average, analysts expect that Cintas Corporation will post 4.89 EPS for the current year.

Cintas Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Friday, May 15th were issued a $0.45 dividend. The ex-dividend date was Friday, May 15th. This represents a $1.80 annualized dividend and a yield of 1.0%. Cintas’s dividend payout ratio is presently 50.85%.

Insiders Place Their Bets

In other Cintas news, Director Ronald W. Tysoe sold 4,666 shares of the stock in a transaction that occurred on Monday, April 20th. The shares were sold at an average price of $178.87, for a total transaction of $834,607.42. Following the completion of the sale, the director owned 22,448 shares of the company’s stock, valued at approximately $4,015,273.76. This represents a 17.21% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 14.90% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. UBS Group reissued a “buy” rating on shares of Cintas in a research note on Thursday, March 12th. Citigroup lowered their price objective on Cintas from $181.00 to $160.00 and set a “sell” rating for the company in a research note on Tuesday, March 31st. Weiss Ratings lowered shares of Cintas from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, June 17th. Robert W. Baird upgraded shares of Cintas from a “neutral” rating to an “outperform” rating and set a $250.00 target price on the stock in a research report on Wednesday, March 11th. Finally, Truist Financial reduced their target price on shares of Cintas from $255.00 to $225.00 and set a “buy” rating on the stock in a report on Monday, June 15th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Cintas currently has an average rating of “Hold” and an average target price of $215.92.

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.