Chapman Investment Management LLC boosted its position in Cintas Co. (NASDAQ:CTAS – Get Rating) by 185.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 6,562 shares of the business services provider’s stock after purchasing an additional 4,262 shares during the quarter. Cintas comprises about 2.7% of Chapman Investment Management LLC’s holdings, making the stock its 18th largest position. Chapman Investment Management LLC’s holdings in Cintas were worth $2,964,000 at the end of the most recent reporting period.
Several other institutional investors have also recently added to or reduced their stakes in CTAS. Raymond James Trust N.A. lifted its holdings in shares of Cintas by 10.6% during the 1st quarter. Raymond James Trust N.A. now owns 740 shares of the business services provider’s stock worth $314,000 after acquiring an additional 71 shares during the period. Baird Financial Group Inc. lifted its holdings in shares of Cintas by 16.8% during the 1st quarter. Baird Financial Group Inc. now owns 17,643 shares of the business services provider’s stock worth $7,505,000 after acquiring an additional 2,541 shares during the period. Covestor Ltd lifted its holdings in shares of Cintas by 84.7% during the 1st quarter. Covestor Ltd now owns 327 shares of the business services provider’s stock worth $139,000 after acquiring an additional 150 shares during the period. Mackenzie Financial Corp lifted its holdings in shares of Cintas by 9.3% during the 1st quarter. Mackenzie Financial Corp now owns 7,073 shares of the business services provider’s stock worth $3,009,000 after acquiring an additional 604 shares during the period. Finally, Fuller & Thaler Asset Management Inc. lifted its holdings in shares of Cintas by 19.8% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 24,472 shares of the business services provider’s stock worth $10,410,000 after acquiring an additional 4,037 shares during the period. Institutional investors and hedge funds own 61.92% of the company’s stock.
Cintas Price Performance
Cintas stock traded down $4.67 during midday trading on Tuesday, hitting $457.65. The company’s stock had a trading volume of 116,837 shares, compared to its average volume of 342,729. The company has a quick ratio of 1.71, a current ratio of 2.10 and a debt-to-equity ratio of 0.68. The stock’s 50-day moving average price is $446.09 and its 200-day moving average price is $442.22. Cintas Co. has a 12 month low of $343.86 and a 12 month high of $470.23. The company has a market capitalization of $46.54 billion, a PE ratio of 37.10, a price-to-earnings-growth ratio of 3.06 and a beta of 1.34.
Cintas (NASDAQ:CTAS – Get Rating) last issued its quarterly earnings results on Wednesday, March 29th. The business services provider reported $3.14 EPS for the quarter, topping the consensus estimate of $3.01 by $0.13. Cintas had a net margin of 15.06% and a return on equity of 38.12%. The firm had revenue of $2.19 billion for the quarter, compared to analysts’ expectations of $2.15 billion. During the same period in the previous year, the business earned $2.69 earnings per share. Cintas’s revenue for the quarter was up 11.7% compared to the same quarter last year. Analysts anticipate that Cintas Co. will post 12.83 earnings per share for the current fiscal year.
Cintas Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 15th. Shareholders of record on Monday, May 15th will be issued a dividend of $1.15 per share. The ex-dividend date of this dividend is Friday, May 12th. This represents a $4.60 annualized dividend and a yield of 1.01%. Cintas’s payout ratio is presently 36.92%.
Analyst Upgrades and Downgrades
Several research analysts have recently weighed in on the stock. Argus increased their price objective on shares of Cintas from $500.00 to $510.00 in a report on Thursday, March 30th. Citigroup initiated coverage on shares of Cintas in a report on Thursday, April 27th. They issued a “buy” rating and a $540.00 price target on the stock. Bank of America raised their price target on shares of Cintas from $513.00 to $523.00 and gave the company a “neutral” rating in a report on Thursday, March 30th. Jefferies Financial Group lowered shares of Cintas from a “buy” rating to a “hold” rating and cut their price target for the company from $512.00 to $487.00 in a report on Friday, March 31st. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $525.00 price objective on shares of Cintas in a research report on Thursday, March 30th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Cintas has an average rating of “Moderate Buy” and a consensus price target of $501.25.
Insiders Place Their Bets
In other Cintas news, CFO J. Michael Hansen sold 1,618 shares of the business’s stock in a transaction dated Monday, February 6th. The stock was sold at an average price of $441.85, for a total transaction of $714,913.30. Following the sale, the chief financial officer now owns 30,132 shares in the company, valued at approximately $13,313,824.20. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 15.10% of the company’s stock.
Cintas Company Profile
Cintas Corp. engages in the provision of corporate identity uniforms through rental and sales programs. It operates through the following segments: Uniform Rental and Facility Services, First Aid and Safety Services, and All Other. The Uniform Rental and Facility Services segment consists of the rental and servicing of uniforms and other garments including flame resistant clothing, mats, mops and shop towels, and other ancillary items.