Pensionfund Sabic Takes Position in Cintas Corporation $CTAS

Pensionfund Sabic purchased a new position in shares of Cintas Corporation (NASDAQ:CTAS) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 7,100 shares of the business services provider’s stock, valued at approximately $1,335,000.

Other large investors also recently added to or reduced their stakes in the company. Brighton Jones LLC increased its stake in shares of Cintas by 9.3% in the fourth quarter. Brighton Jones LLC now owns 1,268 shares of the business services provider’s stock worth $232,000 after purchasing an additional 108 shares in the last quarter. Sivia Capital Partners LLC raised its position in shares of Cintas by 42.3% in the second quarter. Sivia Capital Partners LLC now owns 1,441 shares of the business services provider’s stock valued at $321,000 after purchasing an additional 428 shares during the period. AlphaCore Capital LLC purchased a new stake in shares of Cintas during the 2nd quarter valued at approximately $130,000. Charles Schwab Investment Management Inc. lifted its stake in shares of Cintas by 1.1% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 1,999,702 shares of the business services provider’s stock valued at $445,673,000 after buying an additional 21,347 shares in the last quarter. Finally, Coldstream Capital Management Inc. boosted its holdings in Cintas by 1.6% in the 2nd quarter. Coldstream Capital Management Inc. now owns 5,965 shares of the business services provider’s stock worth $1,329,000 after buying an additional 95 shares during the period. Hedge funds and other institutional investors own 63.46% of the company’s stock.

Cintas Trading Down 1.7%

NASDAQ CTAS opened at $178.13 on Wednesday. The company has a quick ratio of 1.49, a current ratio of 1.71 and a debt-to-equity ratio of 0.54. The stock’s 50-day simple moving average is $194.42 and its two-hundred day simple moving average is $192.08. Cintas Corporation has a twelve month low of $177.53 and a twelve month high of $229.24. The company has a market capitalization of $71.23 billion, a price-to-earnings ratio of 51.93, a PEG ratio of 3.27 and a beta of 0.95.

Cintas Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Investors of record on Friday, February 13th were issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend was Friday, February 13th. Cintas’s dividend payout ratio (DPR) is currently 52.48%.

Wall Street Analyst Weigh In

CTAS has been the subject of a number of recent research reports. Wells Fargo & Company upgraded shares of Cintas from a “cautious” rating to an “overweight” rating and lifted their price objective for the company from $205.00 to $245.00 in a research note on Wednesday, January 14th. Citigroup restated a “sell” rating and set a $181.00 target price (up from $176.00) on shares of Cintas in a research report on Monday, December 22nd. UBS Group reiterated a “buy” rating on shares of Cintas in a research report on Thursday, March 12th. Bank of America initiated coverage on Cintas in a research note on Tuesday, February 17th. They set a “neutral” rating and a $215.00 price objective on the stock. Finally, Robert W. Baird raised Cintas from a “neutral” rating to an “outperform” rating and set a $250.00 price objective on the stock in a report on Wednesday, March 11th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $220.25.

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.