Cintas Corporation $CTAS Stock Position Raised by Goldman Sachs Group Inc.

Goldman Sachs Group Inc. lifted its stake in Cintas Corporation (NASDAQ:CTAS) by 2.1% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,438,568 shares of the business services provider’s stock after purchasing an additional 50,838 shares during the quarter. Goldman Sachs Group Inc. owned 0.61% of Cintas worth $458,622,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of CTAS. Triumph Capital Management purchased a new stake in shares of Cintas in the third quarter worth approximately $29,000. Camelot Portfolios LLC acquired a new position in Cintas in the 4th quarter valued at approximately $26,000. Key Capital Management INC acquired a new position in Cintas in the 4th quarter valued at approximately $28,000. Ares Financial Consulting LLC purchased a new stake in Cintas in the 4th quarter worth approximately $32,000. Finally, Basepoint Wealth LLC acquired a new stake in shares of Cintas during the 4th quarter valued at $34,000. Hedge funds and other institutional investors own 63.46% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Weiss Ratings downgraded Cintas from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, April 1st. 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. Bank of America began coverage on shares of Cintas in a research note on Tuesday, February 17th. They set a “neutral” rating and a $215.00 price target on the stock. UBS Group restated a “buy” rating on shares of Cintas in a report on Thursday, March 12th. Finally, Robert W. Baird raised shares of Cintas from a “neutral” rating to an “outperform” rating and set a $250.00 price objective for the company in a research note on Wednesday, March 11th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Cintas presently has a consensus rating of “Hold” and an average price target of $215.17.

Cintas Price Performance

Shares of Cintas stock opened at $179.96 on Friday. 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 fifty-two week low of $161.16 and a fifty-two week high of $229.24. The firm has a fifty day moving average price of $172.53 and a two-hundred day moving average price of $184.52. The company has a market cap of $72.00 billion, a PE ratio of 50.84, a price-to-earnings-growth ratio of 2.78 and a beta of 0.94.

Cintas (NASDAQ:CTAS) last released its quarterly earnings data on Wednesday, March 25th. The business services provider reported $1.24 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $2.82 billion. During the same period in the previous year, the business posted $1.13 earnings per share. Cintas’s quarterly revenue was up 8.9% on a year-over-year basis. Analysts expect that Cintas Corporation will post 4.89 EPS for the current year.

Cintas Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, May 15th will be given a dividend of $0.45 per share. The ex-dividend date is Friday, May 15th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.0%. Cintas’s dividend payout ratio (DPR) is 50.85%.

Insider Activity

In related news, Director Ronald W. Tysoe sold 4,666 shares of Cintas 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 completion of the transaction, the director directly owned 22,448 shares of the company’s stock, valued at $4,015,273.76. This trade represents a 17.21% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 14.90% of the stock is owned by company insiders.

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.