Life Cycle Investment Partners Ltd Makes New Investment in Cintas Corporation $CTAS

Life Cycle Investment Partners Ltd bought a new position in shares of Cintas Corporation (NASDAQ:CTAS) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 144,654 shares of the business services provider’s stock, valued at approximately $27,205,000.

Other institutional investors have also recently made changes to their positions in the company. Triumph Capital Management purchased a new stake in shares of Cintas during the third quarter worth $29,000. Camelot Portfolios LLC purchased a new stake in shares of Cintas during the fourth quarter worth $26,000. Key Capital Management INC purchased a new stake in shares of Cintas during the fourth quarter worth $28,000. Ares Financial Consulting LLC purchased a new stake in shares of Cintas in the fourth quarter worth $32,000. Finally, Washington Trust Advisors Inc. purchased a new stake in shares of Cintas in the fourth quarter worth $34,000. Hedge funds and other 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 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 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 14.90% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Weiss Ratings downgraded Cintas from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, April 1st. Robert W. Baird upgraded Cintas from a “neutral” rating to an “outperform” rating and set a $250.00 price objective on the stock in a research report on Wednesday, March 11th. Citigroup lowered their price objective on Cintas from $181.00 to $160.00 and set a “sell” rating on the stock in a research report on Tuesday, March 31st. Stifel Nicolaus lowered their price objective on Cintas from $222.00 to $190.00 and set a “hold” rating on the stock in a research report on Thursday, March 26th. Finally, Bank of America assumed coverage on Cintas in a research report on Tuesday, February 17th. They issued a “neutral” rating and a $215.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $215.17.

Cintas Trading Up 0.3%

NASDAQ CTAS opened at $172.93 on Friday. The stock’s 50-day simple moving average is $174.93 and its two-hundred day simple moving average is $185.28. Cintas Corporation has a twelve month low of $161.16 and a twelve month high of $229.24. The company has a quick ratio of 1.74, a current ratio of 1.98 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $69.19 billion, a price-to-earnings ratio of 48.85, a PEG ratio of 3.04 and a beta of 0.96.

Cintas (NASDAQ:CTAS) last released its quarterly 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. Cintas had a return on equity of 41.47% and a net margin of 17.57%.The business had revenue of $2.84 billion for the quarter, compared to the consensus estimate of $2.82 billion. During the same quarter last year, the business posted $1.13 earnings per share. The company’s revenue for the quarter was up 8.9% on a year-over-year basis. Research analysts forecast that Cintas Corporation will post 4.89 EPS for the current fiscal year.

Cintas Dividend Announcement

The business 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 dividend of $0.45 per share. 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 dividend payout ratio (DPR) is 50.85%.

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.