Cintas Corporation $CTAS Shares Bought by Banco Santander S.A.

Banco Santander S.A. raised its stake in Cintas Corporation (NASDAQ:CTAS) by 8.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 116,284 shares of the business services provider’s stock after acquiring an additional 8,575 shares during the period. Banco Santander S.A.’s holdings in Cintas were worth $21,870,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of CTAS. Nemes Rush Group LLC acquired a new position in Cintas in the fourth quarter valued at approximately $25,000. Swiss RE Ltd. acquired a new position in Cintas in the fourth quarter valued at approximately $25,000. Camelot Portfolios LLC acquired a new position in Cintas during the 4th quarter valued at about $26,000. Key Capital Management INC acquired a new position in Cintas during the 4th quarter valued at about $28,000. Finally, Meeder Asset Management Inc. boosted its stake in Cintas by 226.7% during the 4th 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.

Insider Buying and Selling

In related news, Director Ronald W. Tysoe sold 4,666 shares of the firm’s stock in a transaction that occurred on Monday, April 20th. The shares were sold at an average price of $178.87, for a total value 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. This trade represents a 17.21% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 14.90% of the company’s stock.

Cintas Stock Performance

CTAS opened at $176.28 on Friday. The firm has a market cap of $70.53 billion, a PE ratio of 49.80, a P/E/G ratio of 2.89 and a beta of 0.94. 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 business has a fifty day simple moving average of $173.55 and a 200-day simple moving average of $184.29. Cintas Corporation has a fifty-two week low of $161.16 and a fifty-two week high of $226.75.

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, hitting the consensus estimate 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 during the quarter, compared to analyst estimates of $2.82 billion. During the same period last year, the company posted $1.13 EPS. The company’s revenue was up 8.9% compared to the same quarter last year. As a group, equities analysts predict that Cintas Corporation will post 4.89 EPS for the current fiscal year.

Cintas Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, May 15th will be paid a $0.45 dividend. 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 dividend payout ratio (DPR) is currently 50.85%.

Analyst Ratings Changes

CTAS has been the subject of a number of analyst reports. Weiss Ratings lowered shares of Cintas from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, April 1st. Stifel Nicolaus decreased their target price on shares of Cintas from $222.00 to $190.00 and set a “hold” rating for the company in a research report on Thursday, March 26th. UBS Group reiterated a “buy” rating on shares of Cintas in a research report on Thursday, March 12th. Bank of America started coverage on shares of Cintas in a research report on Tuesday, February 17th. They issued a “neutral” rating and a $215.00 target price for the company. Finally, Citigroup decreased their target price on shares of Cintas from $181.00 to $160.00 and set a “sell” rating for the company in a research report on Tuesday, March 31st. One 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 assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $215.17.

Cintas 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.