WINTON GROUP Ltd Takes Position in Cintas Corporation $CTAS

WINTON GROUP Ltd acquired a new stake in Cintas Corporation (NASDAQ:CTAS) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 5,700 shares of the business services provider’s stock, valued at approximately $1,072,000.

Other large investors also recently modified their holdings of the company. Camelot Portfolios LLC bought a new position in shares of Cintas in the 4th quarter worth $26,000. Key Capital Management INC bought a new position in shares of Cintas in the 4th quarter worth $28,000. Triumph Capital Management bought a new position in shares of Cintas in the 3rd quarter worth $29,000. Ares Financial Consulting LLC bought a new position in shares of Cintas in the 4th quarter worth $32,000. Finally, Aventura Private Wealth LLC bought a new position in shares of Cintas in the 4th quarter worth $34,000. 63.46% of the stock is currently owned by institutional investors.

Cintas Trading Up 3.6%

Shares of CTAS opened at $179.87 on Wednesday. The business has a 50-day moving average of $172.97 and a 200 day moving average of $184.39. Cintas Corporation has a fifty-two week low of $161.16 and a fifty-two week high of $226.75. The firm has a market cap of $71.96 billion, a P/E ratio of 50.81, a price-to-earnings-growth ratio of 2.76 and a beta of 0.94. 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 posted its earnings results on Wednesday, March 25th. The business services provider reported $1.24 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.24. The business had revenue of $2.84 billion during the quarter, compared to analyst estimates of $2.82 billion. Cintas had a return on equity of 41.47% and a net margin of 17.57%.The company’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.13 EPS. As a group, research analysts forecast that Cintas Corporation will post 4.89 EPS for the current 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. The ex-dividend date of this dividend is Friday, May 15th. This represents a $1.80 annualized dividend and a dividend yield of 1.0%. Cintas’s payout ratio is presently 50.85%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Citigroup cut their target price on 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 assumed coverage on Cintas in a report on Tuesday, February 17th. They issued a “neutral” rating and a $215.00 target price on the stock. Robert W. Baird upgraded Cintas from a “neutral” rating to an “outperform” rating and set a $250.00 target price on the stock in a report on Wednesday, March 11th. Weiss Ratings cut Cintas from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, April 1st. Finally, UBS Group reiterated a “buy” rating on shares of Cintas in a report on Thursday, March 12th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Cintas currently has an average rating of “Hold” and a consensus target price of $215.17.

Insider Activity at Cintas

In other news, Director Ronald W. Tysoe sold 4,666 shares of the business’s stock in a transaction dated Monday, April 20th. The stock was sold at an average price of $178.87, for a total transaction of $834,607.42. Following the completion of the transaction, the director owned 22,448 shares of the company’s stock, valued at approximately $4,015,273.76. The trade was a 17.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 14.90% of the company’s stock.

About Cintas

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.