Eurizon SLJ Capital Ltd Acquires Shares of 36,345 Cintas Corporation $CTAS

Eurizon SLJ Capital Ltd acquired a new stake in Cintas Corporation (NASDAQ:CTAS) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 36,345 shares of the business services provider’s stock, valued at approximately $6,835,000. Cintas accounts for 2.7% of Eurizon SLJ Capital Ltd’s holdings, making the stock its 13th biggest holding.

Other large investors have also recently added to or reduced their stakes in the company. Camelot Portfolios LLC acquired a new position in Cintas in the 4th quarter valued at approximately $26,000. Key Capital Management INC acquired a new position in Cintas in the 4th quarter valued at approximately $28,000. Triumph Capital Management acquired a new position in Cintas in the 3rd quarter valued at approximately $29,000. Ares Financial Consulting LLC acquired a new position in Cintas in the 4th quarter valued at approximately $32,000. Finally, Aventura Private Wealth LLC acquired a new position in Cintas in the 4th quarter valued at approximately $34,000. Institutional investors and hedge funds own 63.46% of the company’s stock.

Insider Transactions at Cintas

In related news, Director Ronald W. Tysoe sold 4,666 shares of the firm’s stock in a transaction on Monday, April 20th. The shares were sold at an average price of $178.87, for a total value of $834,607.42. Following the transaction, the director directly owned 22,448 shares in the company, valued at approximately $4,015,273.76. This trade represents a 17.21% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 14.90% of the company’s stock.

Cintas Stock Performance

Shares of CTAS opened at $171.26 on Friday. The company’s fifty day moving average is $172.93 and its 200-day moving average is $184.84. Cintas Corporation has a 12 month low of $161.16 and a 12 month high of $229.24. The firm has a market cap of $68.52 billion, a price-to-earnings ratio of 48.38, a price-to-earnings-growth ratio of 3.05 and a beta of 0.96. 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 (NASDAQ:CTAS) last posted its earnings results on Wednesday, March 25th. The business services provider reported $1.24 earnings per share (EPS) for the quarter, meeting 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 analyst estimates of $2.82 billion. During the same period last year, the business posted $1.13 EPS. Cintas’s revenue was up 8.9% compared to the same quarter last year. Equities analysts expect that Cintas Corporation will post 4.89 EPS for the current fiscal year.

Cintas Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, May 15th will be paid a $0.45 dividend. The ex-dividend date is Friday, May 15th. This represents a $1.80 dividend on an annualized basis and a yield of 1.1%. Cintas’s dividend payout ratio (DPR) is presently 50.85%.

Wall Street Analyst Weigh In

CTAS has been the topic of several analyst reports. UBS Group restated a “buy” rating on shares of Cintas in a research note on Thursday, March 12th. Bank of America initiated coverage on shares of Cintas in a research note on Tuesday, February 17th. They set a “neutral” rating and a $215.00 price target on the stock. Weiss Ratings lowered shares of Cintas from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, April 1st. Stifel Nicolaus dropped their price target on shares of Cintas from $222.00 to $190.00 and set a “hold” rating on the stock in a research note on Thursday, March 26th. Finally, Citigroup dropped their price target 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. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $215.17.

Cintas Company 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.