3,002 Shares in Cintas Corporation $CTAS Purchased by Sapient Capital LLC

Sapient Capital LLC acquired a new position in shares of Cintas Corporation (NASDAQ:CTAS) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 3,002 shares of the business services provider’s stock, valued at approximately $571,000.

Several other large investors have also made changes to their positions in the business. Richardson Financial Services Inc. lifted its position in shares of Cintas by 1.1% during the 4th quarter. Richardson Financial Services Inc. now owns 5,058 shares of the business services provider’s stock worth $951,000 after purchasing an additional 54 shares during the last quarter. Woodward Diversified Capital LLC raised its holdings in Cintas by 4.8% in the 4th quarter. Woodward Diversified Capital LLC now owns 1,288 shares of the business services provider’s stock valued at $242,000 after acquiring an additional 59 shares in the last quarter. Mather Group LLC. raised its holdings in Cintas by 1.4% in the 4th quarter. Mather Group LLC. now owns 4,381 shares of the business services provider’s stock valued at $824,000 after acquiring an additional 59 shares in the last quarter. Oakworth Capital Inc. raised its holdings in Cintas by 4.8% in the 3rd quarter. Oakworth Capital Inc. now owns 1,300 shares of the business services provider’s stock valued at $267,000 after acquiring an additional 60 shares in the last quarter. Finally, Atlas Legacy Advisors LLC raised its holdings in Cintas by 4.1% in the 3rd quarter. Atlas Legacy Advisors LLC now owns 1,560 shares of the business services provider’s stock valued at $320,000 after acquiring an additional 62 shares in the last quarter. Institutional investors and hedge funds own 63.46% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on CTAS shares. Robert W. Baird raised Cintas from a “neutral” rating to an “outperform” rating and set a $250.00 price target for the company in a report on Wednesday, March 11th. UBS Group reaffirmed a “buy” rating on shares of Cintas in a report on Thursday, March 12th. Bank of America started coverage on Cintas in a report on Tuesday, February 17th. They issued a “neutral” rating and a $215.00 price target for the company. Stifel Nicolaus cut their price target on Cintas from $222.00 to $190.00 and set a “hold” rating for the company in a report on Thursday, March 26th. Finally, Citigroup cut their price target on Cintas from $181.00 to $160.00 and set a “sell” rating for the company in a report on Tuesday, March 31st. One 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 given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $215.17.

Insider Buying and Selling at Cintas

In other news, Director Ronald W. Tysoe sold 4,666 shares of the company’s stock in a transaction that occurred on Monday, April 20th. The stock was sold at an average price of $178.87, for a total value of $834,607.42. Following the sale, the director directly owned 22,448 shares in the company, valued at approximately $4,015,273.76. This represents a 17.21% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 14.90% of the company’s stock.

Cintas Trading Down 1.3%

CTAS stock opened at $172.20 on Wednesday. Cintas Corporation has a 1-year low of $161.16 and a 1-year high of $229.24. The firm has a market cap of $68.90 billion, a P/E ratio of 48.64, a P/E/G ratio of 3.07 and a beta of 0.96. The business’s 50 day moving average is $176.51 and its 200-day moving average is $185.53. The company has a current ratio of 1.98, a quick ratio of 1.74 and a debt-to-equity ratio of 0.51.

Cintas (NASDAQ:CTAS) last released its quarterly earnings data 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 return on equity of 41.47% and a net margin of 17.57%.The company had revenue of $2.84 billion for the quarter, compared to analyst estimates of $2.82 billion. During the same period in the prior year, the company posted $1.13 EPS. The company’s revenue was up 8.9% compared to the same quarter last year. Equities analysts anticipate that Cintas Corporation will post 4.89 earnings per share for the current fiscal year.

Cintas Announces Dividend

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 $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Friday, May 15th. Cintas’s dividend 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.