Goldman Sachs Group Inc. Has $458.62 Million Stake in Cintas Corporation $CTAS

Goldman Sachs Group Inc. raised its holdings in Cintas Corporation (NASDAQ:CTAS) by 2.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund 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.’s holdings in Cintas were worth $458,622,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in CTAS. Camelot Portfolios LLC acquired a new stake in shares of Cintas in the fourth quarter valued at $26,000. Key Capital Management INC acquired a new position in Cintas during the 4th quarter worth about $28,000. Triumph Capital Management bought a new stake in Cintas during the 3rd quarter worth about $29,000. Ares Financial Consulting LLC bought a new stake in Cintas during the 4th quarter worth about $32,000. Finally, Aventura Private Wealth LLC acquired a new stake in Cintas in the 4th quarter valued at about $34,000. Institutional investors own 63.46% of the company’s stock.

Cintas Stock Performance

Cintas stock opened at $179.96 on Friday. The company has a market cap of $72.00 billion, a PE ratio of 50.84, a PEG ratio of 2.78 and a beta of 0.94. 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 Corporation has a 1 year low of $161.16 and a 1 year high of $229.24. The company’s 50-day moving average is $172.53 and its two-hundred day moving average is $184.52.

Cintas (NASDAQ:CTAS) last posted its quarterly earnings results on Wednesday, March 25th. The business services provider reported $1.24 earnings per share for the quarter, hitting analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $2.82 billion. During the same period in the previous year, the firm posted $1.13 earnings per share. Cintas’s revenue for the quarter was up 8.9% compared to the same quarter last year. Equities analysts anticipate that Cintas Corporation will post 4.89 earnings per share for the current year.

Cintas Dividend Announcement

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 currently 50.85%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. UBS Group reiterated a “buy” rating on shares of Cintas in a research report on Thursday, March 12th. Bank of America initiated coverage on shares of Cintas in a report on Tuesday, February 17th. They issued a “neutral” rating and a $215.00 price target for the company. Weiss Ratings cut shares of Cintas from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, April 1st. Robert W. Baird raised Cintas from a “neutral” rating to an “outperform” rating and set a $250.00 price objective on the stock in a report on Wednesday, March 11th. Finally, 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. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus 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 the stock in a transaction dated Monday, April 20th. The stock was sold at an average price of $178.87, for a total value of $834,607.42. Following the transaction, the director owned 22,448 shares of the company’s stock, valued at approximately $4,015,273.76. This represents a 17.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 14.90% of the company’s stock.

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.