Arbejdsmarkedets Tillaegspension Acquires New Position in Cintas Corporation $CTAS

Arbejdsmarkedets Tillaegspension acquired a new stake in Cintas Corporation (NASDAQ:CTAS) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 126,994 shares of the business services provider’s stock, valued at approximately $23,884,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Camelot Portfolios LLC bought a new stake in shares of Cintas during the fourth quarter worth $26,000. Key Capital Management INC bought a new stake in shares of Cintas during the fourth quarter worth $28,000. Triumph Capital Management bought a new stake in shares of Cintas during the third quarter worth $29,000. Ares Financial Consulting LLC bought a new stake in shares of Cintas during the fourth quarter worth $32,000. Finally, Aventura Private Wealth LLC bought a new stake in shares of Cintas during the fourth quarter worth $34,000. Institutional investors own 63.46% of the company’s stock.

Cintas Stock Performance

Shares of CTAS opened at $165.95 on Friday. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.98 and a quick ratio of 1.74. The stock has a 50-day moving average of $178.37 and a 200-day moving average of $185.87. The company has a market cap of $66.39 billion, a PE ratio of 46.88, a P/E/G ratio of 2.88 and a beta of 0.96. Cintas Corporation has a one year low of $161.16 and a one year high of $229.24.

Cintas (NASDAQ:CTAS) last posted its earnings results on Wednesday, March 25th. The business services provider reported $1.24 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.24. Cintas had a net margin of 17.57% and a return on equity of 41.47%. The company had revenue of $2.84 billion for the quarter, compared to analyst estimates of $2.82 billion. During the same quarter in the prior year, the business posted $1.13 EPS. The firm’s revenue was up 8.9% compared to the same quarter last year. On average, equities research analysts predict that Cintas Corporation will post 4.89 EPS for the current fiscal year.

Cintas Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, May 15th will be issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Friday, May 15th. Cintas’s dividend payout ratio is currently 50.85%.

Insider Buying and Selling at Cintas

In related news, Director Ronald W. Tysoe sold 4,666 shares of the company’s stock in a transaction dated Monday, April 20th. The shares were sold at an average price of $178.87, for a total value of $834,607.42. Following the sale, the director owned 22,448 shares in the company, valued at $4,015,273.76. This represents a 17.21% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 14.90% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on CTAS. Citigroup cut their price target on shares of Cintas from $181.00 to $160.00 and set a “sell” rating on the stock in a report on Tuesday, March 31st. Bank of America began coverage on shares of Cintas in a report on Tuesday, February 17th. They set a “neutral” rating and a $215.00 price target on the stock. Stifel Nicolaus cut their price target on shares of Cintas from $222.00 to $190.00 and set a “hold” rating on the stock in a report on Thursday, March 26th. Weiss Ratings lowered shares of Cintas from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, April 1st. Finally, Robert W. Baird upgraded shares of Cintas from a “neutral” rating to an “outperform” rating and set a $250.00 price target on the stock in a report on Wednesday, March 11th. One research 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 stock. According to MarketBeat, the company currently 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.