Landscape Capital Management L.L.C. Has $1.49 Million Position in Cintas Co. (NASDAQ:CTAS)

Landscape Capital Management L.L.C. lifted its position in Cintas Co. (NASDAQ:CTAS) by 367.6% during the third quarter, HoldingsChannel.com reports. The fund owned 7,253 shares of the business services provider’s stock after purchasing an additional 5,702 shares during the period. Landscape Capital Management L.L.C.’s holdings in Cintas were worth $1,493,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Bessemer Group Inc. boosted its holdings in shares of Cintas by 88.8% in the first quarter. Bessemer Group Inc. now owns 3,864 shares of the business services provider’s stock valued at $2,656,000 after buying an additional 1,817 shares during the period. Natixis acquired a new position in Cintas in the 1st quarter worth $346,000. Axxcess Wealth Management LLC increased its holdings in Cintas by 25.9% during the 1st quarter. Axxcess Wealth Management LLC now owns 2,891 shares of the business services provider’s stock worth $1,987,000 after purchasing an additional 595 shares in the last quarter. Canada Pension Plan Investment Board lifted its holdings in shares of Cintas by 96.1% in the first quarter. Canada Pension Plan Investment Board now owns 40,910 shares of the business services provider’s stock valued at $28,106,000 after purchasing an additional 20,050 shares in the last quarter. Finally, LRI Investments LLC acquired a new position in shares of Cintas during the first quarter worth about $126,000. Institutional investors own 63.46% of the company’s stock.

Cintas Trading Up 1.3 %

Cintas stock opened at $221.63 on Friday. The business has a 50-day simple moving average of $210.36 and a two-hundred day simple moving average of $196.74. Cintas Co. has a 52-week low of $136.87 and a 52-week high of $227.35. The company has a quick ratio of 1.33, a current ratio of 1.53 and a debt-to-equity ratio of 0.50. The company has a market cap of $89.38 billion, a P/E ratio of 55.97, a P/E/G ratio of 4.29 and a beta of 1.32.

Cintas (NASDAQ:CTAS) last announced its earnings results on Wednesday, September 25th. The business services provider reported $1.10 EPS for the quarter, topping analysts’ consensus estimates of $1.00 by $0.10. The company had revenue of $2.50 billion for the quarter, compared to analysts’ expectations of $2.49 billion. Cintas had a return on equity of 39.56% and a net margin of 16.80%. Cintas’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same period last year, the firm earned $3.70 EPS. Analysts predict that Cintas Co. will post 4.23 EPS for the current year.

Cintas Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 15th will be issued a $0.39 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.56 dividend on an annualized basis and a yield of 0.70%. Cintas’s dividend payout ratio is presently 39.39%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on CTAS shares. Redburn Atlantic assumed coverage on Cintas in a research note on Friday, August 9th. They issued a “neutral” rating and a $167.50 price target for the company. UBS Group upped their price target on shares of Cintas from $219.00 to $240.00 and gave the stock a “buy” rating in a report on Thursday, September 26th. Barclays boosted their target price on shares of Cintas from $210.00 to $245.00 and gave the stock an “overweight” rating in a research note on Friday, September 27th. Wells Fargo & Company increased their price objective on Cintas from $184.00 to $191.00 and gave the company an “underweight” rating in a report on Thursday, September 26th. Finally, Robert W. Baird lifted their target price on Cintas from $194.00 to $209.00 and gave the stock a “neutral” rating in a report on Thursday, September 26th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $199.63.

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.