Susquehanna Fundamental Investments LLC Makes New $18.33 Million Investment in Cintas Co. (NASDAQ:CTAS)

Susquehanna Fundamental Investments LLC acquired a new stake in Cintas Co. (NASDAQ:CTAS - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 100,324 shares of the business services provider's stock, valued at approximately $18,329,000.

A number of other large investors have also bought and sold shares of the business. Geode Capital Management LLC increased its position in shares of Cintas by 2.7% during the fourth quarter. Geode Capital Management LLC now owns 8,468,080 shares of the business services provider's stock worth $1,544,822,000 after acquiring an additional 219,809 shares in the last quarter. Invesco Ltd. lifted its stake in Cintas by 6.1% in the 4th quarter. Invesco Ltd. now owns 5,118,479 shares of the business services provider's stock valued at $935,146,000 after purchasing an additional 296,059 shares during the last quarter. Norges Bank acquired a new position in shares of Cintas during the 4th quarter worth approximately $877,216,000. Franklin Resources Inc. grew its stake in Cintas by 264.7% in the 3rd quarter. Franklin Resources Inc. now owns 3,279,029 shares of the business services provider's stock valued at $693,503,000 after buying an additional 2,379,932 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its stake in Cintas by 3.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,570,635 shares of the business services provider's stock valued at $469,656,000 after purchasing an additional 78,533 shares during the period. 63.46% of the stock is owned by institutional investors.

Cintas Stock Up 0.5 %

NASDAQ CTAS traded up $0.98 on Tuesday, reaching $209.26. The company had a trading volume of 1,380,248 shares, compared to its average volume of 1,698,659. 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 company's fifty day moving average is $201.61 and its 200 day moving average is $204.32. Cintas Co. has a 52-week low of $162.16 and a 52-week high of $228.12. The stock has a market capitalization of $84.50 billion, a P/E ratio of 50.45, a P/E/G ratio of 3.98 and a beta of 1.20.

Cintas (NASDAQ:CTAS - Get Free Report) 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. Sell-side analysts anticipate that Cintas Co. will post 4.31 earnings per share for the current fiscal year.

Cintas Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Thursday, May 15th will be paid a $0.39 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.75%. Cintas's payout ratio is presently 36.11%.

Analysts Set New Price Targets

A number of brokerages have issued reports on CTAS. The Goldman Sachs Group increased their target price on shares of Cintas from $211.00 to $233.00 and gave the stock a "buy" rating in a research report on Thursday, March 27th. Wells Fargo & Company raised their price target on shares of Cintas from $184.00 to $196.00 and gave the company an "underweight" rating in a research note on Thursday, March 27th. UBS Group increased their target price on Cintas from $218.00 to $240.00 and gave the company a "buy" rating in a research report on Thursday, March 27th. Bank of America assumed coverage on shares of Cintas in a research note on Thursday, April 10th. They issued a "buy" rating and a $250.00 price objective on the stock. Finally, Royal Bank of Canada restated a "sector perform" rating and set a $215.00 price target on shares of Cintas in a report on Thursday, March 27th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Cintas has a consensus rating of "Hold" and an average price target of $213.62.

Insider Transactions at Cintas

In other news, Director Ronald W. Tysoe sold 8,521 shares of Cintas stock in a transaction 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 sale, the director now directly owns 27,029 shares in the company, valued at $5,647,979.84. The trade was a 23.97 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Jim Rozakis sold 2,000 shares of the stock in a transaction dated Monday, April 7th. The shares were sold at an average price of $190.37, for a total transaction of $380,740.00. Following the transaction, the chief operating officer now owns 256,528 shares of the company's stock, 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. Company insiders own 15.00% of the company's stock.

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.