Retail Employees Superannuation Pty Ltd as trustee for Retail Employees Superannuation Trust bought a new position in Cintas Corporation (NASDAQ:CTAS – Free Report) in the fourth quarter, Holdings Channel reports. The firm bought 30,139 shares of the business services provider’s stock, valued at approximately $5,668,000. Cintas makes up about 1.5% of Retail Employees Superannuation Pty Ltd as trustee for Retail Employees Superannuation Trust’s investment portfolio, making the stock its 27th largest position.
A number of other large investors have also recently made changes to their positions in CTAS. Two Sigma Investments LP boosted its holdings in shares of Cintas by 5,641.3% in the third quarter. Two Sigma Investments LP now owns 1,016,671 shares of the business services provider’s stock worth $208,682,000 after acquiring an additional 998,963 shares during the period. SG Americas Securities LLC boosted its stake in Cintas by 2,653.0% during the fourth quarter. SG Americas Securities LLC now owns 1,003,031 shares of the business services provider’s stock valued at $188,640,000 after buying an additional 966,597 shares during the period. Voloridge Investment Management LLC boosted its stake in Cintas by 275.2% during the third quarter. Voloridge Investment Management LLC now owns 1,123,237 shares of the business services provider’s stock valued at $230,556,000 after buying an additional 823,885 shares during the period. Freestone Grove Partners LP boosted its stake in Cintas by 5,341.8% during the third quarter. Freestone Grove Partners LP now owns 747,109 shares of the business services provider’s stock valued at $153,352,000 after buying an additional 733,380 shares during the period. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in Cintas by 2,286.3% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 736,620 shares of the business services provider’s stock valued at $138,536,000 after buying an additional 705,751 shares during the period. 63.46% of the stock is owned by institutional investors.
Insider Transactions at Cintas
In related news, Director Ronald W. Tysoe sold 4,666 shares of the business’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 transaction, the director owned 22,448 shares in the company, valued at $4,015,273.76. The trade was a 17.21% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 14.90% of the stock is currently owned by corporate insiders.
Analysts Set New Price Targets
Get Our Latest Analysis on CTAS
Cintas Stock Down 0.7%
CTAS opened at $169.86 on Thursday. Cintas Corporation has a 12 month low of $161.16 and a 12 month high of $229.24. The company has a market cap of $67.96 billion, a P/E ratio of 47.98, a P/E/G ratio of 3.01 and a beta of 0.96. The company has a current ratio of 1.98, a quick ratio of 1.74 and a debt-to-equity ratio of 0.51. The business’s 50-day moving average price is $173.60 and its 200-day moving average price is $185.02.
Cintas (NASDAQ:CTAS – Get Free Report) 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 analysts’ consensus estimates of $1.24. Cintas had a return on equity of 41.47% and a net margin of 17.57%.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 previous year, the business earned $1.13 EPS. Cintas’s revenue was up 8.9% compared to the same quarter last year. On average, equities analysts expect that Cintas Corporation will post 4.89 EPS for the current year.
Cintas Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, May 15th will be issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Friday, May 15th. Cintas’s payout ratio is currently 50.85%.
About Cintas
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.
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