Cintas Corporation $CTAS Shares Acquired by Robeco Schweiz AG

Robeco Schweiz AG lifted its position in shares of Cintas Corporation (NASDAQ:CTAS) by 98.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 155,263 shares of the business services provider’s stock after purchasing an additional 76,948 shares during the period. Robeco Schweiz AG’s holdings in Cintas were worth $29,200,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in CTAS. Camelot Portfolios LLC bought a new stake in shares of Cintas in the fourth quarter worth $26,000. Key Capital Management INC bought a new stake in shares of Cintas in the fourth quarter worth $28,000. Triumph Capital Management bought a new stake in shares of Cintas in the third quarter worth $29,000. Ares Financial Consulting LLC bought a new stake in shares of Cintas in the fourth 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.

Cintas Stock Up 0.1%

CTAS stock opened at $169.36 on Thursday. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.98 and a quick ratio of 1.74. Cintas Corporation has a 1-year low of $165.46 and a 1-year high of $229.24. The firm has a fifty day moving average price of $182.40 and a two-hundred day moving average price of $186.97. The firm has a market cap of $67.76 billion, a price-to-earnings ratio of 47.84, a PEG ratio of 2.98 and a beta of 0.96.

Cintas (NASDAQ:CTAS) last released 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. Cintas had a net margin of 17.57% and a return on equity of 41.47%. The firm had revenue of $2.84 billion during the quarter, compared to analyst estimates of $2.82 billion. During the same quarter in the previous year, the firm earned $1.13 earnings per share. The firm’s revenue for the quarter was up 8.9% compared to the same quarter last year. Research analysts predict that Cintas Corporation will post 4.89 EPS for the current year.

Cintas Announces Dividend

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

Insiders Place Their Bets

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

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on CTAS. Stifel Nicolaus dropped their price target on shares of Cintas from $222.00 to $190.00 and set a “hold” rating for the company in a research note on Thursday, March 26th. Robert W. Baird upgraded shares of Cintas from a “neutral” rating to an “outperform” rating and set a $250.00 price target for the company in a research note on Wednesday, March 11th. Bank of America began coverage on shares of Cintas in a research note on Tuesday, February 17th. They issued a “neutral” rating and a $215.00 price target for the company. UBS Group restated a “buy” rating on shares of Cintas in a research note on Thursday, March 12th. Finally, Weiss Ratings lowered shares of Cintas from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, April 1st. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price 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.