Quadrant Capital Group LLC Increases Position in Cintas Corporation $CTAS

Quadrant Capital Group LLC lifted its position in Cintas Corporation (NASDAQ:CTAS) by 14.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 24,690 shares of the business services provider’s stock after purchasing an additional 3,180 shares during the period. Quadrant Capital Group LLC’s holdings in Cintas were worth $4,643,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Nemes Rush Group LLC purchased a new stake in shares of Cintas in the fourth quarter worth $25,000. Swiss RE Ltd. purchased a new stake in shares of Cintas in the fourth quarter worth $25,000. Camelot Portfolios LLC purchased a new stake in shares of Cintas in the fourth quarter worth $26,000. Key Capital Management INC purchased a new stake in shares of Cintas in the fourth quarter worth $28,000. Finally, Meeder Asset Management Inc. increased its stake in shares of Cintas by 226.7% in the fourth quarter. Meeder Asset Management Inc. now owns 147 shares of the business services provider’s stock worth $28,000 after purchasing an additional 102 shares in the last quarter. 63.46% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Cintas news, Director Ronald W. Tysoe sold 4,666 shares of the stock in a transaction on Monday, April 20th. The shares were sold at an average price of $178.87, for a total transaction of $834,607.42. Following the completion of the transaction, the director 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 14.90% of the stock is owned by company insiders.

Cintas Price Performance

Shares of NASDAQ:CTAS opened at $176.28 on Friday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.74 and a current ratio of 1.98. The firm has a fifty day moving average price of $173.55 and a 200 day moving average price of $184.29. Cintas Corporation has a fifty-two week low of $161.16 and a fifty-two week high of $226.75. The firm has a market cap of $70.53 billion, a price-to-earnings ratio of 49.80, a P/E/G ratio of 2.89 and a beta of 0.94.

Cintas (NASDAQ:CTAS) last issued its earnings results on Wednesday, March 25th. The business services provider reported $1.24 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.24. Cintas had a net margin of 17.57% and a return on equity of 41.47%. The firm had revenue of $2.84 billion during the quarter, compared to analyst estimates of $2.82 billion. During the same quarter in the prior year, the business earned $1.13 earnings per share. Cintas’s revenue for the quarter was up 8.9% on a year-over-year basis. As a group, sell-side analysts expect that Cintas Corporation will post 4.89 earnings per share for the current fiscal year.

Cintas Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 15th will be given 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 (DPR) is 50.85%.

Analyst Ratings Changes

A number of analysts have recently issued reports on CTAS shares. Weiss Ratings cut shares of Cintas from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, April 1st. UBS Group reissued a “buy” rating on shares of Cintas in a research note on Thursday, March 12th. Robert W. Baird upgraded shares of Cintas from a “neutral” rating to an “outperform” rating and set a $250.00 target price for the company in a research report on Wednesday, March 11th. Citigroup dropped their target price on shares of Cintas from $181.00 to $160.00 and set a “sell” rating for the company in a research report on Tuesday, March 31st. Finally, Stifel Nicolaus dropped their target price on shares of Cintas from $222.00 to $190.00 and set a “hold” rating for the company in a research report on Thursday, March 26th. 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 given a Sell rating to the company’s stock. According to MarketBeat.com, Cintas has a consensus rating of “Hold” and a consensus target price of $215.17.

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.