Jackson Creek Investment Advisors LLC Takes $640,000 Position in Cintas Corporation $CTAS

Jackson Creek Investment Advisors LLC purchased a new stake in shares of Cintas Corporation (NASDAQ:CTAS) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,402 shares of the business services provider’s stock, valued at approximately $640,000.

Several other hedge funds have also modified their holdings of CTAS. Camelot Portfolios LLC bought a new position in Cintas in the fourth quarter valued at approximately $26,000. Key Capital Management INC bought a new position in Cintas in the fourth quarter valued at approximately $28,000. Triumph Capital Management bought a new position in Cintas in the third quarter valued at approximately $29,000. Ares Financial Consulting LLC bought a new position in Cintas in the fourth quarter valued at approximately $32,000. Finally, Aventura Private Wealth LLC bought a new position in Cintas in the fourth quarter valued at approximately $34,000. 63.46% of the stock is owned by institutional investors.

Cintas Trading Down 0.7%

CTAS opened at $169.86 on Thursday. The stock has a market capitalization of $67.96 billion, a P/E ratio of 47.98, a P/E/G ratio of 3.01 and a beta of 0.96. Cintas Corporation has a 12 month low of $161.16 and a 12 month high of $229.24. The firm’s fifty day simple moving average is $173.60 and its 200 day simple moving average is $185.02. 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 posted its quarterly earnings data on Wednesday, March 25th. The business services provider reported $1.24 EPS 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 business had revenue of $2.84 billion for the quarter, compared to analysts’ expectations of $2.82 billion. During the same period in the previous year, the firm posted $1.13 EPS. The firm’s revenue was up 8.9% compared to the same quarter last year. As a group, research analysts anticipate that Cintas Corporation will post 4.89 EPS for the current fiscal year.

Cintas Announces Dividend

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

Insider Buying and Selling

In other Cintas 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 directly owned 22,448 shares of the company’s stock, valued at $4,015,273.76. The trade was a 17.21% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 14.90% of the stock is owned by company insiders.

Analyst Ratings Changes

CTAS has been the topic of a number of recent research reports. Citigroup reduced their price objective on shares of Cintas from $181.00 to $160.00 and set a “sell” rating on the stock in a research note on Tuesday, March 31st. Stifel Nicolaus reduced their price objective on shares of Cintas from $222.00 to $190.00 and set a “hold” rating on the stock in a research note on Thursday, March 26th. Weiss Ratings cut shares of Cintas from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, April 1st. UBS Group reaffirmed a “buy” rating on shares of Cintas in a research note on Thursday, March 12th. Finally, Bank of America initiated 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. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $215.17.

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.