BLI Banque de Luxembourg Investments Has $4.29 Million Stock Holdings in Cintas Corporation $CTAS

BLI Banque de Luxembourg Investments raised its position in Cintas Corporation (NASDAQ:CTAS) by 34.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,500 shares of the business services provider’s stock after buying an additional 5,800 shares during the quarter. BLI Banque de Luxembourg Investments’ holdings in Cintas were worth $4,285,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CTAS. Norges Bank bought a new stake in shares of Cintas during the 4th quarter valued at $923,672,000. Two Sigma Investments LP boosted its stake in Cintas by 5,641.3% in the third quarter. Two Sigma Investments LP now owns 1,016,671 shares of the business services provider’s stock valued at $208,682,000 after buying an additional 998,963 shares in the last quarter. SG Americas Securities LLC boosted its stake in Cintas by 2,653.0% in the fourth quarter. SG Americas Securities LLC now owns 1,003,031 shares of the business services provider’s stock valued at $188,640,000 after buying an additional 966,597 shares in the last quarter. Voloridge Investment Management LLC boosted its stake in Cintas by 275.2% in the third quarter. Voloridge Investment Management LLC now owns 1,123,237 shares of the business services provider’s stock valued at $230,556,000 after buying an additional 823,885 shares in the last quarter. Finally, Freestone Grove Partners LP boosted its stake in Cintas by 5,341.8% in the third quarter. Freestone Grove Partners LP now owns 747,109 shares of the business services provider’s stock valued at $153,352,000 after buying an additional 733,380 shares in the last quarter. 63.46% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently weighed in on CTAS. Bank of America began coverage on Cintas in a research note on Tuesday, February 17th. They issued a “neutral” rating and a $215.00 price objective on the stock. UBS Group reaffirmed a “buy” rating on shares of Cintas in a research note on Thursday, March 12th. Stifel Nicolaus reduced their price objective on Cintas from $222.00 to $190.00 and set a “hold” rating on the stock in a research note on Thursday, March 26th. Robert W. Baird raised Cintas from a “neutral” rating to an “outperform” rating and set a $250.00 price objective on the stock in a research note on Wednesday, March 11th. Finally, Citigroup reduced their price objective on Cintas from $181.00 to $160.00 and set a “sell” rating on the stock in a research note on Tuesday, March 31st. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $215.17.

Cintas Price Performance

Cintas stock opened at $179.87 on Wednesday. The company has a current ratio of 1.98, a quick ratio of 1.74 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $71.96 billion, a PE ratio of 50.81, a P/E/G ratio of 2.76 and a beta of 0.94. Cintas Corporation has a 12 month low of $161.16 and a 12 month high of $226.75. The stock has a 50-day moving average price of $172.97 and a two-hundred day moving average price of $184.39.

Cintas (NASDAQ:CTAS) last posted its earnings results on Wednesday, March 25th. The business services provider reported $1.24 EPS for the quarter, meeting the consensus estimate of $1.24. The firm had revenue of $2.84 billion during the quarter, compared to the consensus estimate of $2.82 billion. Cintas had a return on equity of 41.47% and a net margin of 17.57%.The business’s quarterly revenue was up 8.9% on a year-over-year basis. During the same period last year, the company earned $1.13 earnings per share. Analysts expect that Cintas Corporation will post 4.89 EPS for the current year.

Cintas Dividend Announcement

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

Insider Activity at Cintas

In related news, Director Ronald W. Tysoe sold 4,666 shares of Cintas stock in a transaction that occurred on Monday, April 20th. The stock was sold at an average price of $178.87, for a total value of $834,607.42. Following the transaction, the director directly owned 22,448 shares of the company’s stock, valued at $4,015,273.76. The trade was a 17.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 14.90% of the stock is currently owned by corporate insiders.

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.