Eurizon SLJ Capital Ltd Buys New Stake in Cintas Corporation $CTAS

Eurizon SLJ Capital Ltd bought a new stake in Cintas Corporation (NASDAQ:CTAS) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 36,345 shares of the business services provider’s stock, valued at approximately $6,835,000. Cintas comprises 2.7% of Eurizon SLJ Capital Ltd’s holdings, making the stock its 13th biggest holding.

Other hedge funds have also recently bought and sold shares of the company. Triumph Capital Management bought a new stake in Cintas in the 3rd quarter valued at $29,000. Camelot Portfolios LLC bought a new stake in Cintas in the 4th quarter valued at $26,000. Key Capital Management INC bought a new stake in Cintas in the 4th quarter valued at $28,000. Ares Financial Consulting LLC bought a new stake in Cintas in the 4th quarter valued at $32,000. Finally, Basepoint Wealth LLC bought a new stake in Cintas in the 4th quarter valued at $34,000. 63.46% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have weighed in on CTAS shares. Weiss Ratings downgraded shares of Cintas from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, April 1st. Citigroup reduced their price target on shares of Cintas from $181.00 to $160.00 and set a “sell” rating for the company in a report on Tuesday, March 31st. Bank of America started coverage on shares of Cintas in a report on Tuesday, February 17th. They issued 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 report on Thursday, March 26th. Finally, UBS Group reissued a “buy” rating on shares of Cintas in a report on Thursday, March 12th. One investment 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 assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $215.17.

Insider Activity at Cintas

In other news, Director Ronald W. Tysoe sold 4,666 shares of the firm’s stock in a transaction dated Monday, April 20th. The shares were sold at an average price of $178.87, for a total transaction of $834,607.42. Following the completion of the transaction, the director directly owned 22,448 shares of the company’s stock, valued at approximately $4,015,273.76. This trade represents a 17.21% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 14.90% of the company’s stock.

Cintas Price Performance

NASDAQ:CTAS opened at $171.26 on Friday. The company has a 50-day moving average of $172.93 and a 200-day moving average of $184.84. The company has a market capitalization of $68.52 billion, a price-to-earnings ratio of 48.38, a PEG ratio of 3.05 and a beta of 0.96. Cintas Corporation has a 52 week low of $161.16 and a 52 week high of $229.24. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.74 and a current ratio of 1.98.

Cintas (NASDAQ:CTAS) last released its quarterly earnings data on Wednesday, March 25th. The business services provider reported $1.24 EPS for the quarter, hitting analysts’ consensus estimates of $1.24. The company had revenue of $2.84 billion during the quarter, compared to the consensus estimate of $2.82 billion. Cintas had a net margin of 17.57% and a return on equity of 41.47%. The firm’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same period last year, the firm earned $1.13 EPS. As a group, equities research analysts anticipate that Cintas Corporation will post 4.89 earnings per share for the current fiscal year.

Cintas Dividend Announcement

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

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.