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

Sapient Capital LLC purchased a new position in shares of Cintas Corporation (NASDAQ:CTAS) during the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 3,002 shares of the business services provider’s stock, valued at approximately $571,000.

A number of other large investors have also bought and sold shares of the business. North Dakota State Investment Board bought a new stake in Cintas during the 4th quarter worth approximately $2,218,000. Elyxium Wealth LLC grew its position in Cintas by 4.9% during the 4th quarter. Elyxium Wealth LLC now owns 1,368 shares of the business services provider’s stock worth $257,000 after acquiring an additional 64 shares during the last quarter. Barr E S & Co. grew its position in Cintas by 3.1% during the 4th quarter. Barr E S & Co. now owns 3,919 shares of the business services provider’s stock worth $737,000 after acquiring an additional 119 shares during the last quarter. Canada Post Corp Registered Pension Plan grew its position in Cintas by 29.5% during the 4th quarter. Canada Post Corp Registered Pension Plan now owns 7,998 shares of the business services provider’s stock worth $1,504,000 after acquiring an additional 1,820 shares during the last quarter. Finally, AlphaCore Capital LLC grew its position in Cintas by 24.2% during the 4th quarter. AlphaCore Capital LLC now owns 1,554 shares of the business services provider’s stock worth $292,000 after acquiring an additional 303 shares during the last quarter. 63.46% of the stock is currently owned by institutional investors.

Cintas Stock Performance

CTAS stock opened at $172.20 on Wednesday. The company has a market cap of $68.90 billion, a P/E ratio of 48.64, a price-to-earnings-growth ratio of 3.07 and a beta of 0.96. Cintas Corporation has a twelve month low of $161.16 and a twelve month high of $229.24. 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’s fifty day moving average is $176.51 and its 200-day moving average is $185.53.

Cintas (NASDAQ:CTAS) last posted its earnings results on Wednesday, March 25th. The business services provider reported $1.24 earnings per share for the quarter, hitting the consensus estimate of $1.24. The firm had revenue of $2.84 billion for the quarter, compared to analyst estimates of $2.82 billion. Cintas had a return on equity of 41.47% and a net margin of 17.57%.The company’s revenue for the quarter was up 8.9% on a year-over-year basis. During the same period in the previous year, the company posted $1.13 earnings per share. Equities research analysts forecast that Cintas Corporation will post 4.89 EPS for the current year.

Cintas Dividend Announcement

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 issued 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 1.0%. Cintas’s payout ratio is currently 50.85%.

Analyst Ratings Changes

A number of research analysts have commented on CTAS shares. UBS Group reiterated a “buy” rating on shares of Cintas in a research report on Thursday, March 12th. Weiss Ratings lowered Cintas from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, April 1st. Argus upgraded Cintas to a “strong-buy” rating in a research report on Wednesday, January 21st. Stifel Nicolaus decreased their price objective on Cintas from $222.00 to $190.00 and set a “hold” rating on the stock in a research report on Thursday, March 26th. Finally, Bank of America began coverage on Cintas in a research report on Tuesday, February 17th. They issued a “neutral” rating and a $215.00 price objective on the stock. One investment 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 issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $215.17.

Insiders Place Their Bets

In other Cintas news, Director Ronald W. Tysoe sold 4,666 shares of Cintas stock in a transaction dated Monday, April 20th. The stock was sold at an average price of $178.87, for a total transaction of $834,607.42. Following the transaction, the director directly owned 22,448 shares in the company, 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 legal filing with the SEC, which is accessible through this link. Corporate insiders own 14.90% of the company’s stock.

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.