Caledonia Investments PLC Invests $33.29 Million in Cintas Corporation $CTAS

Caledonia Investments PLC bought a new position in Cintas Corporation (NASDAQ:CTAS) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 177,000 shares of the business services provider’s stock, valued at approximately $33,287,000. Cintas makes up approximately 3.7% of Caledonia Investments PLC’s investment portfolio, making the stock its 13th largest position.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Perigon Wealth Management LLC increased its stake in Cintas by 10.4% in the 4th quarter. Perigon Wealth Management LLC now owns 4,566 shares of the business services provider’s stock worth $859,000 after acquiring an additional 429 shares during the last quarter. Crew Capital Management Ltd boosted its position in shares of Cintas by 7.7% during the 4th quarter. Crew Capital Management Ltd now owns 4,942 shares of the business services provider’s stock valued at $929,000 after acquiring an additional 355 shares during the last quarter. Blue Trust Inc. grew its holdings in shares of Cintas by 113.3% during the fourth quarter. Blue Trust Inc. now owns 2,270 shares of the business services provider’s stock worth $427,000 after purchasing an additional 1,206 shares in the last quarter. Linden Thomas Advisory Services LLC increased its position in shares of Cintas by 3.7% in the fourth quarter. Linden Thomas Advisory Services LLC now owns 9,542 shares of the business services provider’s stock worth $1,795,000 after purchasing an additional 341 shares during the last quarter. Finally, Hengehold Capital Management LLC increased its position in shares of Cintas by 2.8% in the fourth quarter. Hengehold Capital Management LLC now owns 8,687 shares of the business services provider’s stock worth $1,634,000 after purchasing an additional 238 shares during the last quarter. Institutional investors own 63.46% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on CTAS shares. Argus upgraded Cintas to a “strong-buy” rating in a research report on Wednesday, January 21st. Bank of America started coverage on Cintas in a report on Tuesday, February 17th. They set a “neutral” rating and a $215.00 price objective on the stock. Citigroup dropped their target price on Cintas from $181.00 to $160.00 and set a “sell” rating for the company in a research report on Tuesday. Royal Bank Of Canada reiterated a “sector perform” rating and set a $206.00 price target on shares of Cintas in a research report on Friday, December 19th. Finally, Wells Fargo & Company raised Cintas from a “cautious” rating to an “overweight” rating and raised their price objective for the company from $205.00 to $245.00 in a research note on Wednesday, January 14th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Cintas has a consensus rating of “Hold” and a consensus target price of $215.17.

Cintas Trading Up 1.3%

Cintas stock opened at $174.34 on Friday. Cintas Corporation has a 1 year low of $165.60 and a 1 year high of $229.24. The firm’s 50 day moving average price is $191.08 and its 200-day moving average price is $190.68. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.98 and a quick ratio of 1.74. The stock has a market cap of $69.72 billion, a P/E ratio of 49.25, a PEG ratio of 3.08 and a beta of 1.01.

Cintas (NASDAQ:CTAS) last issued its 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. The firm had revenue of $2.84 billion during the quarter, compared to analyst estimates of $2.82 billion. Cintas had a net margin of 17.57% and a return on equity of 41.47%. Cintas’s revenue for the quarter was up 8.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.13 earnings per share. On average, equities analysts predict that Cintas Corporation will post 4.31 earnings per share for the current fiscal year.

Cintas Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 13th. Stockholders of record on Friday, February 13th were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend was Friday, February 13th. Cintas’s payout ratio is 50.85%.

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.