Bancreek Capital Management LP Makes New $1.05 Million Investment in Cintas Corporation $CTAS

Bancreek Capital Management LP purchased a new stake in Cintas Corporation (NASDAQ:CTAS) during the 4th quarter, Holdings Channel reports. The fund purchased 5,580 shares of the business services provider’s stock, valued at approximately $1,049,000. Cintas accounts for approximately 4.4% of Bancreek Capital Management LP’s investment portfolio, making the stock its 10th biggest holding.

Other large investors have also modified their holdings of the company. Triumph Capital Management acquired a new position in shares of Cintas in the third quarter valued at approximately $29,000. Camelot Portfolios LLC acquired a new stake in Cintas during the fourth quarter worth approximately $26,000. Key Capital Management INC acquired a new stake in Cintas during the fourth quarter worth approximately $28,000. Ares Financial Consulting LLC purchased a new stake in Cintas in the 4th quarter worth approximately $32,000. Finally, Basepoint Wealth LLC purchased a new stake in Cintas in the 4th quarter worth approximately $34,000. 63.46% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have weighed in on CTAS. UBS Group reissued a “buy” rating on shares of Cintas in a research note on Thursday, March 12th. Stifel Nicolaus lowered their price objective on Cintas from $222.00 to $190.00 and set a “hold” rating for the company in a research report on Thursday, March 26th. Bank of America initiated coverage on Cintas in a research note on Tuesday, February 17th. They issued a “neutral” rating and a $215.00 target price for the company. Robert W. Baird upgraded Cintas from a “neutral” rating to an “outperform” rating and set a $250.00 target price on the stock in a research report on Wednesday, March 11th. Finally, Weiss Ratings lowered Cintas from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, April 1st. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $215.17.

Insider Activity at Cintas

In other news, Director Ronald W. Tysoe sold 4,666 shares of the firm’s stock in a transaction dated Monday, April 20th. The stock was 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 $4,015,273.76. This trade represents a 17.21% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 14.90% of the stock is currently owned by company insiders.

Cintas Stock Up 0.8%

Shares of CTAS opened at $174.76 on Thursday. Cintas Corporation has a fifty-two week low of $161.16 and a fifty-two week high of $229.24. The company’s fifty day moving average is $172.50 and its two-hundred day moving average is $184.57. The firm has a market cap of $69.92 billion, a PE ratio of 49.37, a price-to-earnings-growth ratio of 2.75 and a beta of 0.94. 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 released its quarterly earnings data on Wednesday, March 25th. The business services provider reported $1.24 EPS for the quarter, hitting analysts’ consensus estimates of $1.24. The business had revenue of $2.84 billion during the quarter, compared to the consensus estimate of $2.82 billion. Cintas had a return on equity of 41.47% and a net margin of 17.57%.The business’s revenue for the quarter was up 8.9% on a year-over-year basis. During the same period in the prior year, the firm posted $1.13 EPS. Analysts forecast that Cintas Corporation will post 4.89 earnings per share for the current year.

Cintas Dividend Announcement

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. The ex-dividend date is Friday, May 15th. This represents a $1.80 annualized dividend and a yield of 1.0%. Cintas’s dividend payout ratio is currently 50.85%.

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.