Cintas Corporation $CTAS Position Lifted by Vise Technologies Inc.

Vise Technologies Inc. raised its stake in shares of Cintas Corporation (NASDAQ:CTAS) by 46.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,875 shares of the business services provider’s stock after acquiring an additional 4,112 shares during the quarter. Vise Technologies Inc.’s holdings in Cintas were worth $2,421,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in CTAS. Triumph Capital Management acquired a new stake in shares of Cintas during the third quarter worth $29,000. Camelot Portfolios LLC acquired a new stake in shares of Cintas during the fourth quarter worth $26,000. Key Capital Management INC acquired a new stake in shares of Cintas during the fourth quarter worth $28,000. Ares Financial Consulting LLC acquired a new stake in shares of Cintas during the fourth quarter worth $32,000. Finally, Basepoint Wealth LLC acquired a new stake in shares of Cintas during the fourth quarter worth $34,000. 63.46% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

CTAS has been the topic of a number of research reports. Citigroup dropped their target price on shares of Cintas from $181.00 to $160.00 and set a “sell” rating on the stock in a report on Tuesday, March 31st. Weiss Ratings cut shares of Cintas from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, April 1st. Stifel Nicolaus dropped their target price on shares of Cintas from $222.00 to $190.00 and set a “hold” rating on the stock in a report on Thursday, March 26th. UBS Group reissued a “buy” rating on shares of Cintas in a report 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 target price on the stock in a report on Wednesday, March 11th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $215.17.

Cintas Stock Down 0.1%

CTAS stock opened at $179.85 on Friday. 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 Corporation has a fifty-two week low of $161.16 and a fifty-two week high of $229.24. The firm’s 50-day simple moving average is $172.59 and its 200 day simple moving average is $184.49. The stock has a market cap of $71.96 billion, a PE ratio of 50.81, a price-to-earnings-growth ratio of 2.86 and a beta of 0.94.

Cintas (NASDAQ:CTAS) last released 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 business had revenue of $2.84 billion for the quarter, compared to analysts’ expectations of $2.82 billion. During the same quarter last year, the company earned $1.13 EPS. The company’s revenue for the quarter was up 8.9% compared to the same quarter last year. As a group, sell-side analysts predict that Cintas Corporation will post 4.89 EPS for the current year.

Cintas Dividend Announcement

The company 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 dividend yield of 1.0%. The ex-dividend date of this dividend is Friday, May 15th. Cintas’s dividend payout ratio (DPR) is 50.85%.

Insider Transactions at Cintas

In related news, Director Ronald W. Tysoe sold 4,666 shares of the stock in a transaction dated Monday, April 20th. The shares were sold at an average price of $178.87, for a total value of $834,607.42. Following the completion of the transaction, the director owned 22,448 shares in the company, valued at $4,015,273.76. This represents a 17.21% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 14.90% of the stock is owned by corporate insiders.

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.