Los Angeles Capital Management LLC Has $58.29 Million Stock Holdings in Cintas Corporation $CTAS

Los Angeles Capital Management LLC lessened its holdings in Cintas Corporation (NASDAQ:CTAS) by 39.2% during the fourth quarter, HoldingsChannel reports. The firm owned 316,810 shares of the business services provider’s stock after selling 203,932 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Cintas were worth $58,287,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of CTAS. Nemes Rush Group LLC acquired a new stake in shares of Cintas in the 4th quarter valued at $25,000. Camelot Portfolios LLC acquired a new stake in shares of Cintas in the 4th quarter valued at $26,000. Key Capital Management INC acquired a new stake in shares of Cintas in the 4th quarter valued at $28,000. Triumph Capital Management acquired a new stake in shares of Cintas in the 3rd quarter valued at $29,000. Finally, Ares Financial Consulting LLC acquired a new stake in shares of Cintas in the 4th quarter valued at $32,000. Institutional investors and hedge funds own 63.46% of the company’s stock.

Cintas Stock Performance

NASDAQ CTAS opened at $179.85 on Friday. The company has a market capitalization of $71.96 billion, a price-to-earnings ratio of 50.81, a PEG ratio of 2.86 and a beta of 0.94. Cintas Corporation has a twelve month low of $161.16 and a twelve month high of $229.24. The stock has a fifty day simple moving average of $172.59 and a 200 day simple moving average of $184.49. The company has a quick ratio of 1.74, a current ratio of 1.98 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 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.24. The business had revenue of $2.84 billion during the quarter, compared to the consensus estimate of $2.82 billion. Cintas had a return on equity of 41.47% and a net margin of 17.57%.Cintas’s quarterly revenue was up 8.9% on a year-over-year basis. During the same period in the prior year, the business posted $1.13 earnings per share. Sell-side analysts expect that Cintas Corporation will post 4.89 EPS for the current year.

Cintas Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, May 15th will be issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date is Friday, May 15th. Cintas’s dividend payout ratio is presently 50.85%.

Insiders Place Their Bets

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

Wall Street Analyst Weigh In

CTAS has been the topic of a number of research analyst reports. Citigroup reduced their target price on Cintas from $181.00 to $160.00 and set a “sell” rating on the stock in a report on Tuesday, March 31st. Stifel Nicolaus reduced their target price on Cintas from $222.00 to $190.00 and set a “hold” rating on the stock in a report on Thursday, March 26th. Robert W. Baird raised Cintas from a “neutral” rating to an “outperform” rating and set a $250.00 target price on the stock in a report on Wednesday, March 11th. UBS Group reaffirmed a “buy” rating on shares of Cintas in a report on Thursday, March 12th. Finally, Bank of America assumed coverage on Cintas in a research note on Tuesday, February 17th. They issued a “neutral” rating and a $215.00 price target for the company. 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 given a Sell rating to the stock. According to MarketBeat, Cintas has a consensus rating of “Hold” and a consensus price target of $215.17.

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.