Susquehanna Fundamental Investments LLC Purchases New Stake in Cintas Co. (NASDAQ:CTAS)

Susquehanna Fundamental Investments LLC acquired a new position in Cintas Co. (NASDAQ:CTAS - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 100,324 shares of the business services provider's stock, valued at approximately $18,329,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Barclays PLC grew its stake in Cintas by 340.1% in the 3rd quarter. Barclays PLC now owns 1,089,535 shares of the business services provider's stock worth $224,312,000 after acquiring an additional 841,952 shares in the last quarter. Virtu Financial LLC grew its stake in Cintas by 168.1% in the 3rd quarter. Virtu Financial LLC now owns 14,468 shares of the business services provider's stock worth $2,979,000 after acquiring an additional 9,072 shares in the last quarter. Morse Asset Management Inc grew its stake in Cintas by 299.8% in the 3rd quarter. Morse Asset Management Inc now owns 21,229 shares of the business services provider's stock worth $4,371,000 after acquiring an additional 15,919 shares in the last quarter. Wealthquest Corp grew its stake in Cintas by 285.9% in the 3rd quarter. Wealthquest Corp now owns 14,848 shares of the business services provider's stock worth $3,027,000 after acquiring an additional 11,000 shares in the last quarter. Finally, Anchor Investment Management LLC grew its stake in Cintas by 299.7% in the 3rd quarter. Anchor Investment Management LLC now owns 2,294 shares of the business services provider's stock worth $472,000 after acquiring an additional 1,720 shares in the last quarter. 63.46% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Cintas news, Director Ronald W. Tysoe sold 8,521 shares of the stock in a transaction that occurred on Monday, April 14th. The stock was sold at an average price of $208.96, for a total transaction of $1,780,548.16. Following the completion of the transaction, the director now owns 27,029 shares of the company's stock, valued at $5,647,979.84. This represents a 23.97 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Jim Rozakis sold 2,000 shares of the stock in a transaction that occurred on Monday, April 7th. The shares were sold at an average price of $190.37, for a total value of $380,740.00. Following the transaction, the chief operating officer now directly owns 256,528 shares of the company's stock, valued at $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 currently owned by company insiders.

Cintas Stock Performance

NASDAQ CTAS traded down $1.68 on Thursday, reaching $210.01. 632,965 shares of the company's stock traded hands, compared to its average volume of 1,696,039. The firm has a market cap of $84.80 billion, a price-to-earnings ratio of 50.57, a P/E/G ratio of 3.98 and a beta of 1.20. The stock has a 50 day moving average price of $201.82 and a 200-day moving average price of $204.41. Cintas Co. has a fifty-two week low of $162.16 and a fifty-two week high of $228.12. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.38 and a current ratio of 1.58.

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

Cintas Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Thursday, May 15th will be given a dividend of $0.39 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $1.56 dividend on an annualized basis and a yield of 0.74%. Cintas's dividend payout ratio is currently 36.11%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Truist Financial upped their target price on shares of Cintas from $215.00 to $230.00 and gave the stock a "buy" rating in a research note on Thursday, March 27th. Citigroup assumed coverage on shares of Cintas in a research note on Monday, February 24th. They set a "sell" rating and a $161.00 price objective on the stock. Robert W. Baird raised their target price on shares of Cintas from $200.00 to $227.00 and gave the company a "neutral" rating in a research note on Thursday, March 27th. UBS Group raised their target price on shares of Cintas from $218.00 to $240.00 and gave the company a "buy" rating in a research note on Thursday, March 27th. Finally, Royal Bank of Canada restated a "sector perform" rating and issued a $215.00 target price on shares of Cintas in a research note on Thursday, March 27th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Cintas presently has an average rating of "Hold" and an average price target of $213.88.

Cintas 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.