Lecap Asset Management Ltd. Has $3.69 Million Stake in Cintas Co. (NASDAQ:CTAS)

Lecap Asset Management Ltd. lifted its stake in Cintas Co. (NASDAQ:CTAS) by 271.1% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 20,181 shares of the business services provider’s stock after purchasing an additional 14,743 shares during the quarter. Cintas comprises 1.0% of Lecap Asset Management Ltd.’s portfolio, making the stock its 4th biggest holding. Lecap Asset Management Ltd.’s holdings in Cintas were worth $3,687,000 as of its most recent filing with the SEC.

Other large investors have also recently modified their holdings of the company. Czech National Bank raised its position in Cintas by 324.7% in the 3rd quarter. Czech National Bank now owns 69,794 shares of the business services provider’s stock worth $14,369,000 after purchasing an additional 53,360 shares during the period. Mather Group LLC. raised its holdings in shares of Cintas by 324.4% in the third quarter. Mather Group LLC. now owns 3,879 shares of the business services provider’s stock worth $799,000 after buying an additional 2,965 shares during the period. Dynamic Advisor Solutions LLC lifted its stake in shares of Cintas by 262.8% during the 3rd quarter. Dynamic Advisor Solutions LLC now owns 1,299 shares of the business services provider’s stock worth $267,000 after acquiring an additional 941 shares during the last quarter. Atomi Financial Group Inc. boosted its holdings in Cintas by 370.6% during the 3rd quarter. Atomi Financial Group Inc. now owns 3,934 shares of the business services provider’s stock valued at $810,000 after acquiring an additional 3,098 shares during the period. Finally, Brookstone Capital Management grew its position in Cintas by 209.7% in the 3rd quarter. Brookstone Capital Management now owns 1,081 shares of the business services provider’s stock valued at $223,000 after acquiring an additional 732 shares during the last quarter. Institutional investors own 63.46% of the company’s stock.

Cintas Stock Up 1.3 %

NASDAQ:CTAS opened at $204.29 on Friday. The company’s 50-day simple moving average is $199.75 and its 200-day simple moving average is $206.95. 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 Co. has a fifty-two week low of $150.70 and a fifty-two week high of $228.12. The stock has a market capitalization of $82.44 billion, a P/E ratio of 49.26, a P/E/G ratio of 3.87 and a beta of 1.38.

Cintas (NASDAQ:CTAS) last announced its earnings results on Thursday, December 19th. The business services provider reported $1.09 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.08. The company had revenue of $2.56 billion during the quarter, compared to the consensus estimate of $2.56 billion. Cintas had a net margin of 17.23% and a return on equity of 40.62%. Cintas’s revenue was up 7.8% compared to the same quarter last year. During the same period last year, the firm earned $3.61 earnings per share. On average, equities 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, March 14th. Investors of record on Friday, February 14th will be given a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 0.76%. The ex-dividend date is Friday, February 14th. Cintas’s dividend payout ratio is currently 37.61%.

Analyst Ratings Changes

Several research firms have recently weighed in on CTAS. Wells Fargo & Company decreased their target price on Cintas from $191.00 to $184.00 and set an “underweight” rating for the company in a research report on Friday, December 20th. Morgan Stanley boosted their price objective on shares of Cintas from $185.00 to $202.00 and gave the company an “equal weight” rating in a research report on Thursday, December 12th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $215.00 price target on shares of Cintas in a research note on Friday, December 20th. UBS Group lowered their price target on Cintas from $240.00 to $218.00 and set a “buy” rating for the company in a report on Friday, December 20th. Finally, Robert W. Baird reduced their price objective on Cintas from $209.00 to $200.00 and set a “neutral” rating on the stock in a report on Friday, December 20th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $198.46.

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.