Trexquant Investment LP Purchases 201,321 Shares of Cintas Co. (NASDAQ:CTAS)

Trexquant Investment LP boosted its holdings in Cintas Co. (NASDAQ:CTAS - Free Report) by 634.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 233,028 shares of the business services provider's stock after buying an additional 201,321 shares during the period. Cintas makes up about 0.5% of Trexquant Investment LP's investment portfolio, making the stock its 12th biggest position. Trexquant Investment LP owned approximately 0.06% of Cintas worth $42,574,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CTAS. Guardian Wealth Advisors LLC lifted its stake in shares of Cintas by 3.1% in the 4th quarter. Guardian Wealth Advisors LLC now owns 1,741 shares of the business services provider's stock valued at $318,000 after purchasing an additional 52 shares during the period. MGB Wealth Management LLC lifted its stake in Cintas by 0.7% in the fourth quarter. MGB Wealth Management LLC now owns 7,248 shares of the business services provider's stock valued at $1,328,000 after buying an additional 52 shares during the period. TIAA Trust National Association boosted its holdings in Cintas by 1.0% during the fourth quarter. TIAA Trust National Association now owns 5,380 shares of the business services provider's stock worth $983,000 after buying an additional 52 shares during the last quarter. Aaron Wealth Advisors LLC grew its position in shares of Cintas by 2.0% during the 4th quarter. Aaron Wealth Advisors LLC now owns 2,803 shares of the business services provider's stock worth $512,000 after buying an additional 55 shares during the period. Finally, S.A. Mason LLC increased its stake in shares of Cintas by 3.3% in the 4th quarter. S.A. Mason LLC now owns 1,703 shares of the business services provider's stock valued at $311,000 after acquiring an additional 55 shares during the last quarter. 63.46% of the stock is owned by institutional investors.

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Cintas Stock Down 1.8 %

NASDAQ:CTAS traded down $3.82 during trading hours on Thursday, reaching $204.85. 2,243,639 shares of the stock were exchanged, compared to its average volume of 1,634,939. The stock has a market cap of $82.67 billion, a PE ratio of 49.39, a PEG ratio of 3.98 and a beta of 1.41. Cintas Co. has a twelve month low of $162.16 and a twelve month high of $228.12. The firm has a 50 day moving average of $201.48 and a 200 day moving average of $204.64. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.58 and a quick ratio of 1.38.

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, topping 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 business had revenue of $2.61 billion during the quarter, compared to analysts' expectations of $2.60 billion. During the same quarter in the prior year, the company posted $3.84 earnings per share. The firm's revenue was up 8.4% on a year-over-year basis. On average, equities analysts expect that Cintas Co. will post 4.31 earnings per share for the current year.

Cintas Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 14th were given a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.76%. The ex-dividend date was Friday, February 14th. Cintas's dividend payout ratio is currently 36.11%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on CTAS shares. Robert W. Baird boosted their price objective on shares of Cintas from $200.00 to $227.00 and gave the company a "neutral" rating in a report on Thursday, March 27th. Royal Bank of Canada restated a "sector perform" rating and issued a $215.00 price objective on shares of Cintas in a research report on Thursday, March 27th. Morgan Stanley lifted their target price on Cintas from $195.00 to $213.00 and gave the stock an "equal weight" rating in a report on Thursday, March 27th. Wells Fargo & Company increased their price target on Cintas from $184.00 to $196.00 and gave the stock an "underweight" rating in a report on Thursday, March 27th. Finally, Citigroup started coverage on Cintas in a report on Monday, February 24th. They set a "sell" rating and a $161.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, Cintas currently has a consensus rating of "Hold" and a consensus price target of $210.58.

About Cintas

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.