Swiss Life Asset Management Ltd Has $18.06 Million Stock Position in Cintas Corporation $CTAS

Swiss Life Asset Management Ltd reduced its stake in shares of Cintas Corporation (NASDAQ:CTAS) by 4.9% during the 4th quarter, HoldingsChannel.com reports. The firm owned 96,010 shares of the business services provider’s stock after selling 4,906 shares during the period. Swiss Life Asset Management Ltd’s holdings in Cintas were worth $18,057,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. Pure Financial Advisors LLC grew its holdings in shares of Cintas by 47.5% during the 4th quarter. Pure Financial Advisors LLC now owns 1,674 shares of the business services provider’s stock worth $315,000 after purchasing an additional 539 shares in the last quarter. Income Insurance Ltd acquired a new stake in shares of Cintas during the 4th quarter worth $202,000. Bensler LLC grew its holdings in shares of Cintas by 3.4% during the 4th quarter. Bensler LLC now owns 71,330 shares of the business services provider’s stock worth $13,415,000 after purchasing an additional 2,358 shares in the last quarter. NewEdge Wealth LLC grew its holdings in shares of Cintas by 28.0% during the 4th quarter. NewEdge Wealth LLC now owns 23,486 shares of the business services provider’s stock worth $4,417,000 after purchasing an additional 5,132 shares in the last quarter. Finally, Washington Trust Advisors Inc. acquired a new stake in shares of Cintas during the 4th quarter worth $34,000. 63.46% of the stock is owned by institutional investors and hedge funds.

Cintas Stock Performance

NASDAQ:CTAS opened at $164.67 on Tuesday. The stock’s 50-day simple moving average is $180.56 and its 200 day simple moving average is $186.44. The firm has a market capitalization of $65.88 billion, a PE ratio of 46.52, a price-to-earnings-growth ratio of 2.94 and a beta of 0.96. The company has a quick ratio of 1.74, a current ratio of 1.98 and a debt-to-equity ratio of 0.51. Cintas Corporation has a twelve month low of $163.45 and a twelve month high of $229.24.

Cintas (NASDAQ:CTAS) last released its quarterly earnings data on Wednesday, March 25th. The business services provider reported $1.24 earnings per share for the quarter, meeting the consensus estimate of $1.24. The business had revenue of $2.84 billion for the quarter, compared to analyst estimates of $2.82 billion. Cintas had a return on equity of 41.47% and a net margin of 17.57%.Cintas’s revenue was up 8.9% compared to the same quarter last year. During the same period last year, the firm posted $1.13 earnings per share. On average, analysts anticipate that Cintas Corporation will post 4.89 EPS for the current fiscal 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 given a $0.45 dividend. The ex-dividend date is Friday, May 15th. This represents a $1.80 annualized dividend and a yield of 1.1%. Cintas’s dividend payout ratio (DPR) is currently 50.85%.

Wall Street Analysts Forecast Growth

CTAS has been the topic of several research analyst reports. Citigroup reduced their price objective on Cintas from $181.00 to $160.00 and set a “sell” rating on the stock in a research note on Tuesday, March 31st. UBS Group reaffirmed a “buy” rating on shares of Cintas in a research note on Thursday, March 12th. Stifel Nicolaus reduced their price objective on Cintas from $222.00 to $190.00 and set a “hold” rating on the stock in a research note on Thursday, March 26th. Wells Fargo & Company raised Cintas from a “cautious” rating to an “overweight” rating and raised their price objective for the company from $205.00 to $245.00 in a research note on Wednesday, January 14th. Finally, Weiss Ratings lowered Cintas from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, April 1st. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $215.17.

Insider Buying and Selling

In other Cintas news, Director Ronald W. Tysoe sold 4,666 shares of the stock in a transaction dated Monday, April 20th. The stock was 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 approximately $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 can be accessed through this link. Corporate insiders own 14.90% of the company’s stock.

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.