Stevens Capital Management LP Invests $2.47 Million in Cintas Co. (NASDAQ:CTAS)

Stevens Capital Management LP bought a new stake in shares of Cintas Co. (NASDAQ:CTAS) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 4,098 shares of the business services provider’s stock, valued at approximately $2,470,000.

Several other institutional investors also recently bought and sold shares of CTAS. Janiczek Wealth Management LLC raised its holdings in Cintas by 113.0% during the fourth quarter. Janiczek Wealth Management LLC now owns 49 shares of the business services provider’s stock valued at $30,000 after buying an additional 26 shares in the last quarter. Catalyst Capital Advisors LLC raised its holdings in Cintas by 33.9% during the third quarter. Catalyst Capital Advisors LLC now owns 75 shares of the business services provider’s stock valued at $36,000 after buying an additional 19 shares in the last quarter. Impact Partnership Wealth LLC grew its position in shares of Cintas by 2,050.0% in the third quarter. Impact Partnership Wealth LLC now owns 86 shares of the business services provider’s stock valued at $41,000 after purchasing an additional 82 shares during the last quarter. Raleigh Capital Management Inc. grew its position in shares of Cintas by 66.7% in the third quarter. Raleigh Capital Management Inc. now owns 85 shares of the business services provider’s stock valued at $41,000 after purchasing an additional 34 shares during the last quarter. Finally, Ancora Advisors LLC grew its position in shares of Cintas by 2,833.3% in the third quarter. Ancora Advisors LLC now owns 88 shares of the business services provider’s stock valued at $43,000 after purchasing an additional 85 shares during the last quarter. 63.46% of the stock is currently owned by institutional investors.

Cintas Trading Up 0.1 %

CTAS stock traded up $0.98 during trading on Friday, hitting $666.23. The company had a trading volume of 274,159 shares, compared to its average volume of 350,293. The company has a quick ratio of 2.03, a current ratio of 2.38 and a debt-to-equity ratio of 0.58. The firm has a 50-day moving average price of $647.19 and a 200-day moving average price of $592.24. Cintas Co. has a 12 month low of $440.01 and a 12 month high of $704.84. The stock has a market cap of $67.54 billion, a price-to-earnings ratio of 46.01, a PEG ratio of 3.89 and a beta of 1.27.

Cintas (NASDAQ:CTAS) last released its earnings results on Wednesday, March 27th. The business services provider reported $3.84 EPS for the quarter, topping analysts’ consensus estimates of $3.58 by $0.26. Cintas had a net margin of 15.98% and a return on equity of 37.19%. The firm had revenue of $2.41 billion during the quarter, compared to analyst estimates of $2.39 billion. During the same quarter in the previous year, the business earned $3.14 EPS. The business’s quarterly revenue was up 9.9% compared to the same quarter last year. As a group, analysts predict that Cintas Co. will post 14.95 earnings per share for the current year.

Cintas Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Wednesday, May 15th will be issued a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a yield of 0.81%. The ex-dividend date of this dividend is Tuesday, May 14th. Cintas’s dividend payout ratio is presently 37.29%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on CTAS. StockNews.com raised Cintas from a “hold” rating to a “buy” rating in a research report on Monday, March 25th. Barclays lifted their target price on Cintas from $630.00 to $700.00 and gave the stock an “overweight” rating in a research report on Thursday, February 29th. Royal Bank of Canada lifted their price objective on Cintas from $675.00 to $725.00 and gave the company an “outperform” rating in a report on Thursday, March 28th. Oppenheimer reaffirmed a “market perform” rating on shares of Cintas in a report on Monday, April 1st. Finally, The Goldman Sachs Group lifted their price objective on Cintas from $673.00 to $765.00 and gave the company a “buy” rating in a report on Thursday, March 28th. Six equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $661.21.

About Cintas

Cintas Corporation provides corporate identity uniforms and related business services primarily in the United States, Canada, and Latin America. It operates through Uniform Rental and Facility Services, First Aid and Safety Services, and All Other segments. The company rents and services uniforms and other garments, including flame resistant clothing, mats, mops and shop towels, and other ancillary items; and provides restroom cleaning services and supplies, as well as sells uniforms.