Capitolis Liquid Global Markets LLC Has $27.01 Million Stake in Cintas Corporation $CTAS

Capitolis Liquid Global Markets LLC raised its position in shares of Cintas Corporation (NASDAQ:CTAS) by 16.8% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 143,632 shares of the business services provider’s stock after acquiring an additional 20,632 shares during the period. Capitolis Liquid Global Markets LLC’s holdings in Cintas were worth $27,013,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of CTAS. Nemes Rush Group LLC acquired a new stake in shares of Cintas during the fourth quarter worth approximately $25,000. Swiss RE Ltd. acquired a new stake in shares of Cintas during the fourth quarter worth approximately $25,000. Camelot Portfolios LLC acquired a new stake in shares of Cintas during the fourth quarter worth approximately $26,000. Kemnay Advisory Services Inc. acquired a new stake in shares of Cintas during the fourth quarter worth approximately $26,000. Finally, Key Capital Management INC acquired a new stake in shares of Cintas during the fourth quarter worth approximately $28,000. Institutional investors and hedge funds own 63.46% of the company’s stock.

Insider Activity at Cintas

In other Cintas 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 transaction, the director directly 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 14.90% of the stock is owned by company insiders.

Analyst Ratings Changes

CTAS has been the subject of several recent analyst reports. Truist Financial dropped their price objective on shares of Cintas from $255.00 to $225.00 and set a “buy” rating for the company in a report on Monday. Weiss Ratings lowered shares of Cintas from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, April 1st. Citigroup dropped their price objective on shares of Cintas from $181.00 to $160.00 and set a “sell” rating for the company in a report on Tuesday, March 31st. UBS Group reissued a “buy” rating on shares of Cintas in a research note 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 target on the stock in a research note on Wednesday, March 11th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $215.92.

Cintas Price Performance

CTAS opened at $169.64 on Thursday. Cintas Corporation has a one year low of $161.16 and a one year high of $226.75. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.98 and a quick ratio of 1.74. The company’s 50 day simple moving average is $173.56 and its 200-day simple moving average is $184.08. The stock has a market capitalization of $67.87 billion, a P/E ratio of 47.92, a price-to-earnings-growth ratio of 2.81 and a beta of 0.94.

Cintas (NASDAQ:CTAS) last released its quarterly earnings results 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 prior year, the firm earned $1.13 earnings per share. Cintas’s revenue was up 8.9% compared to the same quarter last year. Sell-side analysts anticipate that Cintas Corporation will post 4.89 earnings per share for the current fiscal year.

Cintas Announces Dividend

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

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.