Landscape Capital Management L.L.C. Acquires 2,978 Shares of Cintas Co. (NASDAQ:CTAS)

Landscape Capital Management L.L.C. lifted its position in shares of Cintas Co. (NASDAQ:CTAS - Free Report) by 41.1% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 10,231 shares of the business services provider's stock after buying an additional 2,978 shares during the quarter. Landscape Capital Management L.L.C.'s holdings in Cintas were worth $1,869,000 as of its most recent SEC filing.

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

Cintas Trading Down 1.5 %

Cintas stock traded down $3.08 during trading hours on Thursday, reaching $200.91. 974,444 shares of the company's stock were exchanged, compared to its average volume of 1,678,905. The firm's 50 day simple moving average is $200.97 and its 200 day simple moving average is $204.27. Cintas Co. has a twelve month low of $162.16 and a twelve month high of $228.12. The company has a quick ratio of 1.38, a current ratio of 1.58 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $81.08 billion, a PE ratio of 48.44, a PEG ratio of 3.98 and a beta of 1.20.

Cintas (NASDAQ:CTAS - Get Free Report) last issued its quarterly earnings results on Wednesday, March 26th. The business services provider reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.08. The firm had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.60 billion. Cintas had a return on equity of 40.62% and a net margin of 17.23%. The company's revenue was up 8.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.84 earnings per share. Research analysts predict that Cintas Co. will post 4.31 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 13th. Investors of record on Thursday, May 15th will be issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.78%. Cintas's dividend payout ratio is presently 36.11%.

Insider Activity at Cintas

In other Cintas news, COO Jim Rozakis sold 2,000 shares of the firm's stock in a transaction on Monday, April 7th. The stock was sold at an average price of $190.37, for a total transaction of $380,740.00. Following the transaction, the chief operating officer now directly owns 256,528 shares in the company, valued at approximately $48,835,235.36. This trade represents a 0.77 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 15.00% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

CTAS has been the topic of a number of research analyst reports. Truist Financial raised their price target on shares of Cintas from $215.00 to $230.00 and gave the company a "buy" rating in a research note on Thursday, March 27th. Robert W. Baird boosted their target price on shares of Cintas from $200.00 to $227.00 and gave the stock a "neutral" rating in a research note on Thursday, March 27th. The Goldman Sachs Group increased their price target on Cintas from $211.00 to $233.00 and gave the company a "buy" rating in a research note on Thursday, March 27th. Citigroup began coverage on Cintas in a research report on Monday, February 24th. They set a "sell" rating and a $161.00 price objective on the stock. Finally, Bank of America began coverage on Cintas in a research report on Thursday. They issued a "buy" rating and a $250.00 target price for the company. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the company's stock. According to MarketBeat.com, Cintas currently has an average rating of "Hold" and an average price target of $213.62.

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.