Healthcare of Ontario Pension Plan Trust Fund Increases Stock Holdings in Cintas Corporation $CTAS

Healthcare of Ontario Pension Plan Trust Fund boosted its position in shares of Cintas Corporation (NASDAQ:CTAS) by 5.5% in the fourth quarter, HoldingsChannel.com reports. The fund owned 136,571 shares of the business services provider’s stock after purchasing an additional 7,180 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Cintas were worth $25,685,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Prana Capital Management LP purchased a new position in Cintas during the 3rd quarter valued at about $14,312,000. First Trust Advisors LP boosted its holdings in Cintas by 2.5% during the 3rd quarter. First Trust Advisors LP now owns 413,665 shares of the business services provider’s stock valued at $84,909,000 after acquiring an additional 10,249 shares during the period. Vanguard Group Inc. boosted its holdings in Cintas by 1.5% during the 3rd quarter. Vanguard Group Inc. now owns 38,948,620 shares of the business services provider’s stock valued at $7,994,594,000 after acquiring an additional 564,487 shares during the period. Union Bancaire Privee UBP SA purchased a new position in Cintas during the 4th quarter valued at about $15,736,000. Finally, California Public Employees Retirement System boosted its holdings in Cintas by 19.0% during the 3rd quarter. California Public Employees Retirement System now owns 792,816 shares of the business services provider’s stock valued at $162,733,000 after acquiring an additional 126,845 shares during the period. 63.46% of the stock is currently owned by hedge funds and other institutional investors.

Cintas Stock Performance

Shares of CTAS opened at $174.74 on Tuesday. The stock has a 50-day simple moving average of $173.56 and a 200-day simple moving average of $184.24. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.74 and a current ratio of 1.98. The stock has a market capitalization of $69.91 billion, a PE ratio of 49.36, a PEG ratio of 2.80 and a beta of 0.94. Cintas Corporation has a 1 year low of $161.16 and a 1 year high of $226.75.

Cintas (NASDAQ:CTAS) last announced its quarterly earnings data 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. The business had revenue of $2.84 billion during the quarter, compared to analysts’ expectations of $2.82 billion. Cintas had a return on equity of 41.47% and a net margin of 17.57%.The business’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same quarter last year, the business posted $1.13 EPS. On average, analysts predict that Cintas Corporation will post 4.89 earnings per share for the current fiscal year.

Cintas Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, May 15th were given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend was Friday, May 15th. Cintas’s dividend payout ratio (DPR) is 50.85%.

Insider Buying and Selling at Cintas

In other news, Director Ronald W. Tysoe sold 4,666 shares of the firm’s stock in a transaction dated Monday, April 20th. The stock was sold at an average price of $178.87, for a total transaction of $834,607.42. Following the sale, the director owned 22,448 shares of the company’s stock, valued at approximately $4,015,273.76. This trade represents a 17.21% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 14.90% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on CTAS shares. Weiss Ratings cut Cintas from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, April 1st. Citigroup lowered their target price on Cintas from $181.00 to $160.00 and set a “sell” rating for the company in a report on Tuesday, March 31st. Bank of America initiated coverage on Cintas in a report on Tuesday, February 17th. They set a “neutral” rating and a $215.00 target price for the company. UBS Group reiterated a “buy” rating on shares of Cintas in a research note on Thursday, March 12th. Finally, Stifel Nicolaus decreased their price objective on Cintas from $222.00 to $190.00 and set a “hold” rating for the company in a research note on Thursday, March 26th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Cintas currently has an average rating of “Hold” and an average target price of $215.92.

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.