Landscape Capital Management L.L.C. Has $1.87 Million Stake in Cintas Co. (NASDAQ:CTAS)

Landscape Capital Management L.L.C. lifted its position in shares of Cintas Co. (NASDAQ:CTAS) by 41.1% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 10,231 shares of the business services provider’s stock after purchasing an additional 2,978 shares during the quarter. Landscape Capital Management L.L.C.’s holdings in Cintas were worth $1,869,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Sound Income Strategies LLC acquired a new stake in Cintas during the 4th quarter worth about $27,000. Cyrus J. Lawrence LLC bought a new stake in shares of Cintas during the 4th quarter valued at about $29,000. Endeavor Private Wealth Inc. acquired a new stake in Cintas during the fourth quarter worth approximately $31,000. IAG Wealth Partners LLC increased its holdings in Cintas by 136.8% in the fourth quarter. IAG Wealth Partners LLC now owns 180 shares of the business services provider’s stock worth $33,000 after purchasing an additional 104 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. acquired a new position in Cintas in the fourth quarter valued at approximately $34,000. Institutional investors own 63.46% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. UBS Group raised their price objective on shares of Cintas from $218.00 to $240.00 and gave the stock a “buy” rating in a research report on Thursday, March 27th. The Goldman Sachs Group lifted their price target on shares of Cintas from $211.00 to $233.00 and gave the company a “buy” rating in a research note on Thursday, March 27th. Wells Fargo & Company upped their price objective on shares of Cintas from $184.00 to $196.00 and gave the company an “underweight” rating in a report on Thursday, March 27th. Morgan Stanley raised their target price on Cintas from $195.00 to $213.00 and gave the company an “equal weight” rating in a research note on Thursday, March 27th. Finally, Citigroup initiated coverage on Cintas in a research note on Monday, February 24th. They set a “sell” rating and a $161.00 price target on the stock. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $210.58.

Cintas Trading Down 7.1 %

Shares of Cintas stock opened at $190.33 on Friday. The company has a current ratio of 1.58, a quick ratio of 1.38 and a debt-to-equity ratio of 0.47. The stock has a fifty day simple moving average of $201.48 and a 200 day simple moving average of $204.54. Cintas Co. has a 12-month low of $162.16 and a 12-month high of $228.12. The company has a market capitalization of $76.81 billion, a P/E ratio of 45.89, a price-to-earnings-growth ratio of 3.98 and a beta of 1.41.

Cintas (NASDAQ:CTAS) last announced its earnings results on Wednesday, March 26th. The business services provider reported $1.13 EPS for the quarter, beating the consensus estimate 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 quarter in the prior year, the company posted $3.84 earnings per share. The firm’s revenue for the quarter was up 8.4% on a year-over-year basis. On average, sell-side analysts anticipate that Cintas Co. will post 4.31 earnings per share for the current fiscal year.

Cintas Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 14th were issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 0.82%. The ex-dividend date was Friday, February 14th. Cintas’s dividend payout ratio (DPR) 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.