King Luther Capital Management Corp Grows Position in Cintas Corporation $CTAS

King Luther Capital Management Corp increased its holdings in Cintas Corporation (NASDAQ:CTAS) by 0.7% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 1,812,112 shares of the business services provider’s stock after buying an additional 12,204 shares during the quarter. Cintas comprises approximately 1.4% of King Luther Capital Management Corp’s portfolio, making the stock its 15th biggest position. King Luther Capital Management Corp’s holdings in Cintas were worth $340,804,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Camelot Portfolios LLC bought a new stake in Cintas in the 4th quarter worth approximately $26,000. Key Capital Management INC bought a new position in shares of Cintas during the 4th quarter valued at $28,000. Triumph Capital Management purchased a new position in shares of Cintas in the 3rd quarter worth $29,000. Ares Financial Consulting LLC purchased a new position in shares of Cintas in the 4th quarter worth $32,000. Finally, Aventura Private Wealth LLC bought a new stake in shares of Cintas in the fourth quarter worth $34,000. Institutional investors own 63.46% of the company’s stock.

Insider Activity

In other news, Director Ronald W. Tysoe sold 4,666 shares of the firm’s stock in a transaction 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 sale, the director directly owned 22,448 shares in the company, valued at $4,015,273.76. This trade represents a 17.21% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 14.90% of the stock is currently owned by company insiders.

Cintas Stock Down 1.1%

CTAS stock opened at $171.09 on Wednesday. The business’s 50-day moving average price is $174.06 and its 200-day moving average price is $185.12. The stock has a market cap of $68.45 billion, a P/E ratio of 48.33, a PEG ratio of 3.04 and a beta of 0.96. The company has a quick ratio of 1.74, a current ratio of 1.98 and a debt-to-equity ratio of 0.51. Cintas Corporation has a twelve month low of $161.16 and a twelve month high of $229.24.

Cintas (NASDAQ:CTAS) last released its earnings results on Wednesday, March 25th. The business services provider reported $1.24 earnings per share (EPS) for the quarter, hitting the consensus estimate 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 during the quarter, compared to analyst estimates of $2.82 billion. During the same period in the prior year, the firm posted $1.13 EPS. The firm’s quarterly revenue was up 8.9% compared to the same quarter last year. On average, equities research analysts forecast that Cintas Corporation will post 4.89 EPS for the current year.

Cintas Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. UBS Group reiterated a “buy” rating on shares of Cintas in a research report on Thursday, March 12th. Bank of America began coverage on Cintas in a research note on Tuesday, February 17th. They set a “neutral” rating and a $215.00 price target for the company. Stifel Nicolaus reduced their price target on shares of Cintas from $222.00 to $190.00 and set a “hold” rating for the company in a research report on Thursday, March 26th. Weiss Ratings cut shares of Cintas from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, April 1st. Finally, Citigroup reduced 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. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $215.17.

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.