Los Angeles Capital Management LLC Sells 41,359 Shares of Cintas Co. (NASDAQ:CTAS)

Los Angeles Capital Management LLC cut its stake in shares of Cintas Co. (NASDAQ:CTAS) by 22.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 145,956 shares of the business services provider’s stock after selling 41,359 shares during the quarter. Los Angeles Capital Management LLC owned 0.14% of Cintas worth $87,962,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of the stock. Columbus Macro LLC raised its stake in shares of Cintas by 1.2% during the fourth quarter. Columbus Macro LLC now owns 1,453 shares of the business services provider’s stock worth $871,000 after acquiring an additional 17 shares in the last quarter. Quent Capital LLC raised its stake in shares of Cintas by 22.8% during the fourth quarter. Quent Capital LLC now owns 97 shares of the business services provider’s stock worth $59,000 after acquiring an additional 18 shares in the last quarter. Greenleaf Trust raised its stake in shares of Cintas by 1.0% during the third quarter. Greenleaf Trust now owns 1,899 shares of the business services provider’s stock worth $913,000 after acquiring an additional 19 shares in the last quarter. Catalyst Capital Advisors LLC raised its stake in shares of Cintas by 33.9% during the third quarter. Catalyst Capital Advisors LLC now owns 75 shares of the business services provider’s stock worth $36,000 after acquiring an additional 19 shares in the last quarter. Finally, KMG Fiduciary Partners LLC raised its stake in shares of Cintas by 1.6% during the third quarter. KMG Fiduciary Partners LLC now owns 1,338 shares of the business services provider’s stock worth $644,000 after acquiring an additional 21 shares in the last quarter. 63.46% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have commented on CTAS shares. StockNews.com raised shares of Cintas from a “hold” rating to a “buy” rating in a research note on Monday, March 25th. Bank of America lifted their target price on shares of Cintas from $700.00 to $790.00 and gave the stock a “buy” rating in a research note on Thursday, March 28th. Oppenheimer reaffirmed a “market perform” rating on shares of Cintas in a research note on Monday, April 1st. The Goldman Sachs Group lifted their target price on shares of Cintas from $673.00 to $765.00 and gave the stock a “buy” rating in a research note on Thursday, March 28th. Finally, UBS Group lifted their target price on shares of Cintas from $680.00 to $790.00 and gave the stock a “buy” rating in a research note on Thursday, March 28th. Six investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, Cintas has a consensus rating of “Moderate Buy” and a consensus target price of $661.21.

Cintas Trading Down 0.2 %

Cintas stock traded down $1.10 during mid-day trading on Thursday, reaching $662.49. 177,606 shares of the company traded hands, compared to its average volume of 347,520. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.38 and a quick ratio of 2.03. The firm’s 50 day moving average price is $651.02 and its 200 day moving average price is $597.11. The firm has a market capitalization of $67.16 billion, a price-to-earnings ratio of 45.83, a P/E/G ratio of 3.86 and a beta of 1.27. Cintas Co. has a 52-week low of $456.57 and a 52-week high of $704.84.

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

Cintas Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Stockholders 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 dividend yield of 0.82%. The ex-dividend date is Tuesday, May 14th. Cintas’s dividend payout ratio (DPR) is presently 37.29%.

Cintas Company Profile

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.