Cintas Corporation $CTAS Stake Boosted by Entropy Technologies LP

Entropy Technologies LP grew its stake in shares of Cintas Corporation (NASDAQ:CTAS) by 483.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 67,786 shares of the business services provider’s stock after purchasing an additional 56,167 shares during the quarter. Cintas makes up 0.7% of Entropy Technologies LP’s portfolio, making the stock its 29th largest holding. Entropy Technologies LP’s holdings in Cintas were worth $12,749,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Nemes Rush Group LLC bought a new position in shares of Cintas during the fourth quarter valued at approximately $25,000. Swiss RE Ltd. bought a new position in shares of Cintas during the fourth quarter valued at approximately $25,000. Triumph Capital Management bought a new position in shares of Cintas during the third quarter valued at approximately $29,000. Camelot Portfolios LLC bought a new position in shares of Cintas during the fourth quarter valued at approximately $26,000. Finally, Key Capital Management INC bought a new position in Cintas in the 4th quarter worth approximately $28,000. 63.46% of the stock is owned by institutional investors.

Cintas Stock Performance

Shares of CTAS stock opened at $176.28 on Friday. Cintas Corporation has a 12-month low of $161.16 and a 12-month high of $226.75. The firm has a market capitalization of $70.53 billion, a price-to-earnings ratio of 49.80, a price-to-earnings-growth ratio of 2.80 and a beta of 0.94. The business has a 50 day simple moving average of $173.55 and a 200 day simple moving average of $184.29. 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 issued its quarterly earnings data on Wednesday, March 25th. The business services provider reported $1.24 earnings per share (EPS) for the quarter, hitting 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 during the quarter, compared to analyst estimates of $2.82 billion. During the same period in the prior year, the company posted $1.13 EPS. The business’s revenue for the quarter was up 8.9% compared to the same quarter last year. On average, equities research analysts anticipate that Cintas Corporation will post 4.89 EPS for the current year.

Cintas Announces Dividend

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

Analyst Ratings Changes

CTAS has been the subject of a number of recent analyst reports. Stifel Nicolaus decreased their price objective on Cintas from $222.00 to $190.00 and set a “hold” rating for the company in a report on Thursday, March 26th. UBS Group reissued a “buy” rating on shares of Cintas in a report on Thursday, March 12th. Bank of America initiated coverage on Cintas in a report on Tuesday, February 17th. They issued a “neutral” rating and a $215.00 price objective for the company. Robert W. Baird raised Cintas from a “neutral” rating to an “outperform” rating and set a $250.00 price objective for the company in a report on Wednesday, March 11th. Finally, Weiss Ratings lowered Cintas from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, April 1st. 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 issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $215.17.

Insider Transactions at Cintas

In other Cintas 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 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 approximately $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 can be accessed through this hyperlink. 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.