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

Landscape Capital Management L.L.C. increased its stake in shares of Cintas Co. (NASDAQ:CTAS) by 41.1% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 10,231 shares of the business services provider’s stock after acquiring an additional 2,978 shares during the period. Landscape Capital Management L.L.C.’s holdings in Cintas were worth $1,869,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in CTAS. State Street Corp lifted its position in shares of Cintas by 299.3% during the 3rd quarter. State Street Corp now owns 14,555,558 shares of the business services provider’s stock worth $2,996,697,000 after purchasing an additional 10,910,285 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Cintas by 2.7% during the 4th 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 during the period. Norges Bank acquired a new stake in shares of Cintas during the 4th quarter valued at about $877,216,000. Franklin Resources Inc. increased its stake in Cintas by 264.7% in the third quarter. Franklin Resources Inc. now owns 3,279,029 shares of the business services provider’s stock valued at $693,503,000 after acquiring an additional 2,379,932 shares during the period. Finally, JPMorgan Chase & Co. raised its position in Cintas by 137.5% in the third quarter. JPMorgan Chase & Co. now owns 2,222,527 shares of the business services provider’s stock worth $457,574,000 after purchasing an additional 1,286,668 shares in the last quarter. 63.46% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on CTAS shares. Citigroup initiated coverage on shares of Cintas in a report on Monday, February 24th. They issued a “sell” rating and a $161.00 target price 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 report on Thursday, March 27th. Morgan Stanley lifted their price objective on Cintas from $195.00 to $213.00 and gave the company an “equal weight” rating in a research report on Thursday, March 27th. Robert W. Baird raised their target price on Cintas from $200.00 to $227.00 and gave the company a “neutral” rating in a research note on Thursday, March 27th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued 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 assigned a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $210.58.

Cintas Price Performance

Shares of CTAS opened at $190.33 on Friday. 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 stock has a market cap of $76.81 billion, a PE ratio of 45.89, a PEG ratio of 3.98 and a beta of 1.41. Cintas Co. has a 12-month low of $162.16 and a 12-month high of $228.12. The business has a 50-day simple moving average of $201.48 and a two-hundred day simple moving average of $204.54.

Cintas (NASDAQ:CTAS) last issued its quarterly earnings data on Wednesday, March 26th. The business services provider reported $1.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $2.60 billion. During the same quarter last year, the business earned $3.84 EPS. The firm’s quarterly revenue was up 8.4% on a year-over-year basis. Analysts anticipate that Cintas Co. will post 4.31 earnings per share for the current fiscal year.

Cintas Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 14th were issued a $0.39 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.56 dividend on an annualized basis and a yield of 0.82%. Cintas’s payout ratio is 36.11%.

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.