Winslow Capital Management LLC Buys Shares of 1,073,110 Cintas Co. (NASDAQ:CTAS)

Winslow Capital Management LLC purchased a new stake in Cintas Co. (NASDAQ:CTAS) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,073,110 shares of the business services provider’s stock, valued at approximately $196,057,000. Winslow Capital Management LLC owned about 0.27% of Cintas at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. China Universal Asset Management Co. Ltd. raised its holdings in shares of Cintas by 28.4% in the fourth quarter. China Universal Asset Management Co. Ltd. now owns 6,563 shares of the business services provider’s stock worth $1,199,000 after acquiring an additional 1,450 shares during the last quarter. KMG Fiduciary Partners LLC lifted its holdings in Cintas by 121.8% in the 4th quarter. KMG Fiduciary Partners LLC now owns 11,545 shares of the business services provider’s stock valued at $2,109,000 after purchasing an additional 6,341 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Cintas by 137.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,222,527 shares of the business services provider’s stock worth $457,574,000 after purchasing an additional 1,286,668 shares during the last quarter. Annex Advisory Services LLC grew its holdings in shares of Cintas by 1.6% during the fourth quarter. Annex Advisory Services LLC now owns 127,441 shares of the business services provider’s stock worth $23,283,000 after buying an additional 1,988 shares in the last quarter. Finally, LVM Capital Management Ltd. MI raised its position in shares of Cintas by 292.7% in the fourth quarter. LVM Capital Management Ltd. MI now owns 5,482 shares of the business services provider’s stock valued at $1,002,000 after buying an additional 4,086 shares during the last quarter. 63.46% of the stock is owned by hedge funds and other institutional investors.

Cintas Price Performance

Shares of NASDAQ CTAS opened at $190.11 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 market capitalization of $76.72 billion, a PE ratio of 45.84, a P/E/G ratio of 3.98 and a beta of 1.20. Cintas Co. has a 1-year low of $162.16 and a 1-year high of $228.12. The business’s fifty day moving average price is $200.86 and its two-hundred day moving average price is $204.28.

Cintas (NASDAQ:CTAS) last issued its quarterly earnings data on Wednesday, March 26th. The business services provider reported $1.13 earnings per share for the quarter, beating 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 firm had revenue of $2.61 billion for the quarter, compared to the consensus estimate of $2.60 billion. During the same period last year, the firm posted $3.84 EPS. Cintas’s quarterly revenue was up 8.4% compared to the same quarter last year. On average, research analysts expect that Cintas Co. will post 4.31 EPS for the current year.

Cintas Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Thursday, May 15th will be given a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 0.82%. Cintas’s dividend payout ratio is currently 36.11%.

Analysts Set New Price Targets

Several research firms have commented on CTAS. The Goldman Sachs Group lifted their target price on shares of Cintas from $211.00 to $233.00 and gave the stock a “buy” rating in a research note on Thursday, March 27th. Robert W. Baird increased their target price on Cintas from $200.00 to $227.00 and gave the stock a “neutral” rating in a research report on Thursday, March 27th. Truist Financial increased their price objective on shares of Cintas from $215.00 to $230.00 and gave the stock a “buy” rating in a report on Thursday, March 27th. UBS Group boosted their target price on shares of Cintas from $218.00 to $240.00 and gave the company a “buy” rating in a report on Thursday, March 27th. Finally, Wells Fargo & Company increased their price target on shares of Cintas from $184.00 to $196.00 and gave the stock an “underweight” rating in a research note on Thursday, March 27th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $210.58.

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.