Retail Employees Superannuation Pty Ltd as trustee for Retail Employees Superannuation Trust Takes $5.67 Million Position in Cintas Corporation $CTAS

Retail Employees Superannuation Pty Ltd as trustee for Retail Employees Superannuation Trust bought a new stake in shares of Cintas Corporation (NASDAQ:CTAS) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 30,139 shares of the business services provider’s stock, valued at approximately $5,668,000. Cintas accounts for approximately 1.5% of Retail Employees Superannuation Pty Ltd as trustee for Retail Employees Superannuation Trust’s portfolio, making the stock its 27th biggest holding.

A number of other institutional investors have also recently modified their holdings of the stock. Camelot Portfolios LLC acquired a new position in shares of Cintas during the 4th quarter worth $26,000. Key Capital Management INC acquired a new position in Cintas in the 4th quarter worth about $28,000. Triumph Capital Management bought a new stake in shares of Cintas in the 3rd quarter valued at about $29,000. Ares Financial Consulting LLC bought a new stake in shares of Cintas in the 4th quarter valued at about $32,000. Finally, Aventura Private Wealth LLC bought a new stake in shares of Cintas in the 4th quarter valued at about $34,000. 63.46% of the stock is currently owned by institutional investors.

Cintas Stock Performance

Shares of Cintas stock opened at $169.86 on Thursday. The company has a market cap of $67.96 billion, a PE ratio of 47.98, a price-to-earnings-growth ratio of 3.01 and a beta of 0.96. Cintas Corporation has a 52 week low of $161.16 and a 52 week high of $229.24. The business has a 50 day moving average price of $173.60 and a 200-day moving average price of $185.02. 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 (NASDAQ:CTAS) last issued its quarterly earnings data on Wednesday, March 25th. The business services provider reported $1.24 EPS for the quarter, hitting the consensus estimate of $1.24. The firm had revenue of $2.84 billion during the quarter, compared to the consensus estimate of $2.82 billion. Cintas had a return on equity of 41.47% and a net margin of 17.57%.The company’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same period in the prior year, the business posted $1.13 earnings per share. Equities analysts anticipate that Cintas Corporation will post 4.89 earnings per share for the current fiscal year.

Cintas Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, May 15th will be paid a $0.45 dividend. The ex-dividend date of this dividend is Friday, May 15th. This represents a $1.80 annualized dividend and a dividend yield of 1.1%. Cintas’s dividend payout ratio is 50.85%.

Insider Transactions at Cintas

In other Cintas news, Director Ronald W. Tysoe sold 4,666 shares of the company’s stock in a transaction on 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 owned 22,448 shares in the company, valued at $4,015,273.76. This represents a 17.21% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 14.90% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Bank of America assumed coverage on Cintas in a research report on Tuesday, February 17th. They set a “neutral” rating and a $215.00 target price on the stock. Stifel Nicolaus cut their price target on Cintas from $222.00 to $190.00 and set a “hold” rating on the stock in a report on Thursday, March 26th. Robert W. Baird upgraded Cintas from a “neutral” rating to an “outperform” rating and set a $250.00 price target on the stock in a report on Wednesday, March 11th. UBS Group reiterated a “buy” rating on shares of Cintas in a report on Thursday, March 12th. Finally, Weiss Ratings lowered Cintas from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, April 1st. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target 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.