Cintas Corporation $CTAS Shares Bought by Landscape Capital Management L.L.C.

Landscape Capital Management L.L.C. raised its holdings in Cintas Corporation (NASDAQ:CTAS) by 233.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 37,273 shares of the business services provider’s stock after purchasing an additional 26,100 shares during the quarter. Landscape Capital Management L.L.C.’s holdings in Cintas were worth $7,010,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Nemes Rush Group LLC acquired a new position in Cintas in the fourth quarter valued at $25,000. Swiss RE Ltd. acquired a new position in Cintas in the fourth quarter valued at $25,000. Camelot Portfolios LLC acquired a new position in Cintas in the fourth quarter valued at $26,000. Key Capital Management INC acquired a new position in Cintas in the fourth quarter valued at $28,000. Finally, Meeder Asset Management Inc. increased its stake in Cintas by 226.7% in the fourth quarter. Meeder Asset Management Inc. now owns 147 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 102 shares during the period. 63.46% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Bank of America assumed coverage on shares of Cintas in a research note on Tuesday, February 17th. They issued a “neutral” rating and a $215.00 price objective on the stock. Weiss Ratings downgraded shares of Cintas from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, April 1st. UBS Group reaffirmed a “buy” rating on shares of Cintas in a report on Thursday, March 12th. Stifel Nicolaus lowered their target price 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. Finally, Robert W. Baird raised shares of 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. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $215.17.

Insider Buying and Selling

In related news, Director Ronald W. Tysoe sold 4,666 shares of the business’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 sale, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 14.90% of the company’s stock.

Cintas Stock Down 3.1%

Shares of NASDAQ:CTAS opened at $176.28 on Friday. The company has a market cap of $70.53 billion, a price-to-earnings ratio of 49.80, a PEG ratio of 2.80 and a beta of 0.94. The firm’s 50-day simple moving average is $173.55 and its 200-day simple moving average is $184.29. 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 fifty-two week low of $161.16 and a fifty-two week high of $226.75.

Cintas (NASDAQ:CTAS) last issued its earnings results on Wednesday, March 25th. The business services provider reported $1.24 earnings per share for the quarter, meeting the consensus estimate of $1.24. The business had revenue of $2.84 billion for 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 business’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 earnings per share. As a group, equities research analysts predict that Cintas Corporation will post 4.89 earnings per share for the current year.

Cintas Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Investors 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 dividend on an annualized basis and a yield of 1.0%. Cintas’s payout ratio is currently 50.85%.

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.