Thrivent Financial for Lutherans Has $3.68 Million Stock Holdings in Cintas Co. (NASDAQ:CTAS)

Thrivent Financial for Lutherans decreased its holdings in shares of Cintas Co. (NASDAQ:CTAS) by 8.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 19,180 shares of the business services provider’s stock after selling 1,790 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Cintas were worth $3,680,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of CTAS. China Universal Asset Management Co. Ltd. increased its position in Cintas by 28.4% during 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 buying 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 worth $2,109,000 after purchasing an additional 6,341 shares during the last quarter. Wellington Management Group LLP boosted its position in Cintas by 211.7% during the third quarter. Wellington Management Group LLP now owns 778,884 shares of the business services provider’s stock worth $160,357,000 after purchasing an additional 529,005 shares during the period. JPMorgan Chase & Co. grew its holdings in Cintas by 137.5% during the third quarter. JPMorgan Chase & Co. now owns 2,222,527 shares of the business services provider’s stock valued at $457,574,000 after purchasing an additional 1,286,668 shares during the last quarter. Finally, Annex Advisory Services LLC raised its position in shares of Cintas by 1.6% in the fourth quarter. Annex Advisory Services LLC now owns 127,441 shares of the business services provider’s stock valued at $23,283,000 after purchasing an additional 1,988 shares during the period. Institutional investors own 63.46% of the company’s stock.

Cintas Stock Performance

NASDAQ CTAS opened at $193.46 on Wednesday. Cintas Co. has a twelve month low of $158.10 and a twelve month high of $228.12. The company has a quick ratio of 1.38, a current ratio of 1.58 and a debt-to-equity ratio of 0.47. The stock has a market cap of $78.07 billion, a P/E ratio of 46.64, a PEG ratio of 3.98 and a beta of 1.41. The company’s 50-day simple moving average is $200.57 and its 200 day simple moving average is $208.92.

Cintas Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 14th were issued a $0.39 dividend. The ex-dividend date was Friday, February 14th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.81%. Cintas’s payout ratio is presently 37.59%.

Analysts Set New Price Targets

CTAS has been the subject of several recent analyst reports. The Goldman Sachs Group decreased their price objective on shares of Cintas from $236.00 to $211.00 and set a “buy” rating for the company in a report on Friday, December 20th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $215.00 price target on shares of Cintas in a research report on Friday, December 20th. UBS Group decreased their target price on Cintas from $240.00 to $218.00 and set a “buy” rating for the company in a research note on Friday, December 20th. Wells Fargo & Company reduced their price objective on Cintas from $191.00 to $184.00 and set an “underweight” rating for the company in a research report on Friday, December 20th. Finally, Truist Financial dropped their target price on shares of Cintas from $225.00 to $215.00 and set a “buy” rating on the stock in a research report on Friday, December 20th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $199.79.

Cintas 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.