V Square Quantitative Management LLC Takes Position in Cintas Corporation $CTAS

V Square Quantitative Management LLC acquired a new position in shares of Cintas Corporation (NASDAQ:CTAS) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 8,736 shares of the business services provider’s stock, valued at approximately $1,643,000.

A number of other hedge funds have also recently made changes to their positions in the stock. Triumph Capital Management purchased a new position in Cintas in the 3rd quarter valued at approximately $29,000. Alpine Bank Wealth Management lifted its position in shares of Cintas by 1,092.9% during the 3rd quarter. Alpine Bank Wealth Management now owns 167 shares of the business services provider’s stock worth $34,000 after purchasing an additional 153 shares during the last quarter. Aventura Private Wealth LLC purchased a new stake in shares of Cintas during the 4th quarter worth $34,000. WPG Advisers LLC lifted its position in shares of Cintas by 90.0% during the 3rd quarter. WPG Advisers LLC now owns 171 shares of the business services provider’s stock worth $35,000 after purchasing an additional 81 shares during the last quarter. Finally, Central Pacific Bank Trust Division raised its stake in Cintas by 61.5% during the 4th quarter. Central Pacific Bank Trust Division now owns 189 shares of the business services provider’s stock worth $36,000 after acquiring an additional 72 shares in the last quarter. Hedge funds and other institutional investors own 63.46% of the company’s stock.

Cintas Stock Performance

Shares of CTAS stock opened at $174.59 on Thursday. The stock has a fifty day moving average price of $189.55 and a 200 day moving average price of $189.86. The stock has a market cap of $69.82 billion, a PE ratio of 49.32, a P/E/G ratio of 3.12 and a beta of 1.01. Cintas Corporation has a 1 year low of $165.60 and a 1 year high of $229.24. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.74 and a current ratio of 1.98.

Cintas (NASDAQ:CTAS) last announced its quarterly earnings results on Wednesday, March 25th. The business services provider reported $1.24 earnings per share (EPS) for the quarter, meeting 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 for the quarter, compared to the consensus estimate of $2.82 billion. During the same quarter in the prior year, the firm earned $1.13 earnings per share. The company’s revenue for the quarter was up 8.9% compared to the same quarter last year. Sell-side analysts forecast that Cintas Corporation will post 4.31 earnings per share for the current fiscal year.

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 paid a dividend of $0.45 per share. The ex-dividend date of this dividend was Friday, February 13th. This represents a $1.80 annualized dividend and a dividend yield of 1.0%. Cintas’s dividend payout ratio is presently 50.85%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on CTAS. Morgan Stanley cut their price target on shares of Cintas from $220.00 to $210.00 and set an “equal weight” rating on the stock in a research note on Wednesday, December 17th. Stifel Nicolaus dropped their price objective 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. Robert W. Baird upgraded 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. Bank of America began 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. Finally, 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. One 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 company’s stock. Based on data from MarketBeat, Cintas has an average rating of “Hold” and an average price target of $215.17.

Cintas 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.