Mattson Financial Services LLC Takes $1.90 Million Position in Cintas Corporation $CTAS

Mattson Financial Services LLC acquired a new position in Cintas Corporation (NASDAQ:CTAS) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 10,121 shares of the business services provider’s stock, valued at approximately $1,903,000.

A number of other large investors have also bought and sold shares of CTAS. Nemes Rush Group LLC purchased a new position in shares of Cintas during the 4th quarter valued at $25,000. Camelot Portfolios LLC bought a new stake in Cintas in the 4th quarter valued at about $26,000. Key Capital Management INC purchased a new stake in Cintas during the fourth quarter valued at about $28,000. Meeder Asset Management Inc. raised its position in shares of Cintas by 226.7% in the fourth quarter. Meeder Asset Management Inc. now owns 147 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 102 shares during the period. Finally, Triumph Capital Management bought a new stake in Cintas during the 3rd quarter valued at $29,000. 63.46% of the stock is owned by hedge funds and other institutional investors.

Cintas Stock Up 0.8%

Shares of NASDAQ CTAS opened at $181.88 on Friday. The stock has a market capitalization of $72.77 billion, a P/E ratio of 51.38, a PEG ratio of 2.87 and a beta of 0.94. Cintas Corporation has a one year low of $161.16 and a one year high of $226.75. The firm’s 50 day simple moving average is $173.46 and its two-hundred day simple moving average is $184.35. 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 (NASDAQ:CTAS) last announced its quarterly earnings data 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 firm had revenue of $2.84 billion during the quarter, compared to analyst estimates of $2.82 billion. During the same period in the previous year, the business posted $1.13 EPS. The business’s quarterly revenue was up 8.9% on a year-over-year basis. As a group, analysts expect that Cintas Corporation will post 4.89 EPS for the current fiscal year.

Cintas Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 15th will be given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 1.0%. The ex-dividend date is Friday, May 15th. Cintas’s dividend payout ratio is presently 50.85%.

Insider Activity

In other news, Director Ronald W. Tysoe sold 4,666 shares of the firm’s 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 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 14.90% of the company’s stock.

Wall Street Analyst Weigh In

CTAS has been the topic of a number of recent analyst reports. Bank of America assumed coverage on shares of Cintas in a report on Tuesday, February 17th. They issued a “neutral” rating and a $215.00 price target on the stock. Citigroup lowered their target price on shares of Cintas from $181.00 to $160.00 and set a “sell” rating on the stock in a research note on Tuesday, March 31st. Weiss Ratings cut shares of Cintas from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, April 1st. UBS Group reissued a “buy” rating on shares of Cintas in a report on Thursday, March 12th. Finally, Robert W. Baird upgraded shares of Cintas from a “neutral” rating to an “outperform” rating and set a $250.00 price objective on the stock in a research report on Wednesday, March 11th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Cintas currently has a consensus rating of “Hold” and an average price target of $215.17.

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.