Two Sigma Investments LP Sells 187,320 Shares of Cintas Co. (NASDAQ:CTAS)

Two Sigma Investments LP decreased its position in shares of Cintas Co. (NASDAQ:CTAS - Free Report) by 63.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 106,110 shares of the business services provider's stock after selling 187,320 shares during the period. Two Sigma Investments LP's holdings in Cintas were worth $19,386,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the company. Texas Bank & Trust Co acquired a new stake in shares of Cintas in the 4th quarter valued at $694,000. Teza Capital Management LLC bought a new stake in shares of Cintas during the 4th quarter worth $4,947,000. Tidal Investments LLC boosted its stake in Cintas by 418.3% in the fourth quarter. Tidal Investments LLC now owns 152,865 shares of the business services provider's stock valued at $27,928,000 after buying an additional 123,373 shares in the last quarter. State of Wyoming grew its position in Cintas by 912.2% in the fourth quarter. State of Wyoming now owns 1,822 shares of the business services provider's stock valued at $333,000 after acquiring an additional 1,642 shares during the last quarter. Finally, Sherbrooke Park Advisers LLC bought a new position in Cintas in the fourth quarter valued at about $1,134,000. 63.46% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on CTAS shares. Royal Bank of Canada restated a "sector perform" rating and issued a $215.00 price target on shares of Cintas in a research note on Thursday, March 27th. Redburn Atlantic lowered shares of Cintas from a "neutral" rating to a "sell" rating and set a $171.00 target price on the stock. in a research report on Thursday, May 1st. Argus raised shares of Cintas to a "strong-buy" rating in a research note on Wednesday, April 16th. UBS Group increased their price target on Cintas from $218.00 to $240.00 and gave the company a "buy" rating in a research note on Thursday, March 27th. Finally, Robert W. Baird upped their target price on Cintas from $200.00 to $227.00 and gave the stock a "neutral" rating in a report on Thursday, March 27th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $213.88.

Insider Activity at Cintas

In other news, Director Ronald W. Tysoe sold 8,521 shares of Cintas stock in a transaction dated Monday, April 14th. The stock was sold at an average price of $208.96, for a total value of $1,780,548.16. Following the completion of the transaction, the director now directly owns 27,029 shares of the company's stock, valued at approximately $5,647,979.84. This trade represents a 23.97% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Jim Rozakis sold 2,000 shares of the company's stock in a transaction dated Monday, April 7th. The shares were sold at an average price of $190.37, for a total value of $380,740.00. Following the sale, the chief operating officer now owns 256,528 shares in the company, valued at approximately $48,835,235.36. The trade was a 0.77% decrease in their position. The disclosure for this sale can be found here. 15.00% of the stock is owned by company insiders.

Cintas Price Performance

Shares of CTAS opened at $221.66 on Friday. The business has a 50-day moving average of $206.87 and a 200-day moving average of $205.16. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.58 and a quick ratio of 1.38. The company has a market capitalization of $89.50 billion, a price-to-earnings ratio of 53.44, a price-to-earnings-growth ratio of 3.98 and a beta of 1.09. Cintas Co. has a 1 year low of $164.93 and a 1 year high of $228.12.

Cintas (NASDAQ:CTAS - Get Free Report) last released its earnings results on Wednesday, March 26th. The business services provider reported $1.13 earnings per share for the quarter, beating analysts' consensus estimates of $1.05 by $0.08. The business had revenue of $2.61 billion during the quarter, compared to the consensus estimate of $2.60 billion. Cintas had a net margin of 17.23% and a return on equity of 40.62%. The company's revenue for the quarter was up 8.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.84 EPS. As a group, equities research analysts anticipate that Cintas Co. will post 4.31 earnings per share for the current year.

Cintas Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Thursday, May 15th will be issued a $0.39 dividend. The ex-dividend date is Thursday, May 15th. This represents a $1.56 annualized dividend and a yield of 0.70%. Cintas's payout ratio is 36.11%.

Cintas Company Profile

Cintas Corporation engages in the provision of 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.

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