Cintas Corporation $CTAS Stock Position Boosted by Vise Technologies Inc.

Vise Technologies Inc. boosted its stake in Cintas Corporation (NASDAQ:CTAS) by 46.9% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 12,875 shares of the business services provider’s stock after acquiring an additional 4,112 shares during the quarter. Vise Technologies Inc.’s holdings in Cintas were worth $2,421,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Camelot Portfolios LLC bought a new position in Cintas in the 4th quarter valued at about $26,000. Key Capital Management INC bought a new position in Cintas in the 4th quarter valued at about $28,000. Triumph Capital Management bought a new position in Cintas in the 3rd quarter valued at about $29,000. Ares Financial Consulting LLC bought a new position in Cintas in the 4th quarter valued at about $32,000. Finally, Aventura Private Wealth LLC bought a new position in Cintas in the 4th quarter valued at about $34,000. Institutional investors own 63.46% of the company’s stock.

Insider Activity at Cintas

In other Cintas news, Director Ronald W. Tysoe sold 4,666 shares of the firm’s stock in a transaction dated Monday, April 20th. The shares were sold at an average price of $178.87, for a total value of $834,607.42. Following the completion of 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 14.90% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Weiss Ratings cut shares of Cintas from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, April 1st. Bank of America assumed coverage on shares of Cintas in a research note on Tuesday, February 17th. They issued a “neutral” rating and a $215.00 price objective on the stock. Robert W. Baird raised shares of Cintas from a “neutral” rating to an “outperform” rating and set a $250.00 price objective on the stock in a research note on Wednesday, March 11th. UBS Group reaffirmed a “buy” rating on shares of Cintas in a research note on Thursday, March 12th. Finally, Citigroup lowered their price objective 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 investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $215.17.

Cintas Stock Performance

Shares of CTAS opened at $179.85 on Friday. Cintas Corporation has a one year low of $161.16 and a one year high of $229.24. The company has a 50-day moving average of $172.59 and a two-hundred day moving average of $184.49. The stock has a market cap of $71.96 billion, a price-to-earnings ratio of 50.81, a PEG ratio of 2.86 and a beta of 0.94. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.98 and a quick ratio of 1.74.

Cintas (NASDAQ:CTAS) last announced its earnings results on Wednesday, March 25th. The business services provider reported $1.24 EPS for the quarter, hitting the consensus estimate of $1.24. Cintas had a net margin of 17.57% and a return on equity of 41.47%. The company had revenue of $2.84 billion during the quarter, compared to analysts’ expectations of $2.82 billion. During the same period last year, the company posted $1.13 earnings per share. The business’s revenue for the quarter was up 8.9% on a year-over-year basis. On average, equities research analysts expect that Cintas Corporation will post 4.89 earnings per share for the current year.

Cintas Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 15th will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Friday, May 15th. Cintas’s dividend payout ratio (DPR) is presently 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.