Cintas Corporation $CTAS Shares Bought by Barclays PLC

Barclays PLC grew its position in shares of Cintas Corporation (NASDAQ:CTAS) by 24.2% during the 4th quarter, Holdings Channel reports. The firm owned 1,159,178 shares of the business services provider’s stock after purchasing an additional 226,013 shares during the period. Barclays PLC’s holdings in Cintas were worth $218,007,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Arrowstreet Capital Limited Partnership increased its position in shares of Cintas by 17.4% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,514,458 shares of the business services provider’s stock valued at $284,824,000 after purchasing an additional 224,519 shares during the period. Aptus Capital Advisors LLC grew its holdings in shares of Cintas by 3.1% in the 4th quarter. Aptus Capital Advisors LLC now owns 112,745 shares of the business services provider’s stock worth $21,204,000 after acquiring an additional 3,379 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of Cintas by 1.2% in the 4th quarter. The Manufacturers Life Insurance Company now owns 243,544 shares of the business services provider’s stock worth $45,898,000 after acquiring an additional 2,938 shares during the last quarter. Johnson Investment Counsel Inc. grew its holdings in shares of Cintas by 2.3% in the 4th quarter. Johnson Investment Counsel Inc. now owns 154,212 shares of the business services provider’s stock worth $29,003,000 after acquiring an additional 3,403 shares during the last quarter. Finally, Inspire Advisors LLC grew its holdings in shares of Cintas by 14.8% in the 4th quarter. Inspire Advisors LLC now owns 6,860 shares of the business services provider’s stock worth $1,290,000 after acquiring an additional 884 shares during the last quarter. 63.46% of the stock is currently owned by institutional investors and hedge funds.

Cintas Stock Performance

Shares of CTAS stock opened at $176.28 on Monday. Cintas Corporation has a 1-year low of $161.16 and a 1-year high of $226.75. The company has a current ratio of 1.98, a quick ratio of 1.74 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $70.53 billion, a price-to-earnings ratio of 49.80, a P/E/G ratio of 2.80 and a beta of 0.94. The stock’s fifty day simple moving average is $173.55 and its 200-day simple moving average is $184.30.

Cintas (NASDAQ:CTAS) last issued its quarterly earnings results on Wednesday, March 25th. The business services provider reported $1.24 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.24. Cintas had a return on equity of 41.47% and a net margin of 17.57%.The business had revenue of $2.84 billion for the quarter, compared to the consensus estimate of $2.82 billion. During the same quarter in the previous year, the company posted $1.13 earnings per share. Cintas’s revenue for the quarter was up 8.9% compared to the same quarter last year. On average, sell-side analysts predict that Cintas Corporation will post 4.89 earnings per share for the current fiscal year.

Cintas Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, May 15th will be issued a dividend of $0.45 per share. The ex-dividend date is Friday, May 15th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.0%. Cintas’s payout ratio is currently 50.85%.

Insider Buying and Selling at Cintas

In other news, Director Ronald W. Tysoe sold 4,666 shares of Cintas stock in a transaction on Monday, April 20th. The stock was sold at an average price of $178.87, for a total transaction of $834,607.42. Following the transaction, the director owned 22,448 shares in the company, valued at approximately $4,015,273.76. The trade was a 17.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 14.90% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on CTAS. Citigroup decreased their target price on Cintas from $181.00 to $160.00 and set a “sell” rating on the stock in a report on Tuesday, March 31st. UBS Group restated a “buy” rating on shares of Cintas in a report on Thursday, March 12th. 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 report on Wednesday, March 11th. Bank of America began coverage on Cintas in a report on Tuesday, February 17th. They issued a “neutral” rating and a $215.00 target price on the stock. Finally, Weiss Ratings cut Cintas from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, April 1st. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $215.17.

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.