Alta Capital Management LLC Sells 5,138 Shares of Cintas Corporation $CTAS

Alta Capital Management LLC decreased its position in shares of Cintas Corporation (NASDAQ:CTAS) by 7.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 67,455 shares of the business services provider’s stock after selling 5,138 shares during the quarter. Cintas makes up 0.8% of Alta Capital Management LLC’s investment portfolio, making the stock its 28th largest position. Alta Capital Management LLC’s holdings in Cintas were worth $12,686,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Richardson Financial Services Inc. grew its stake in shares of Cintas by 1.1% during the 4th quarter. Richardson Financial Services Inc. now owns 5,058 shares of the business services provider’s stock worth $951,000 after acquiring an additional 54 shares during the period. Woodward Diversified Capital LLC grew its stake in shares of Cintas by 4.8% during the 4th quarter. Woodward Diversified Capital LLC now owns 1,288 shares of the business services provider’s stock worth $242,000 after acquiring an additional 59 shares during the period. Mather Group LLC. grew its stake in shares of Cintas by 1.4% during the 4th quarter. Mather Group LLC. now owns 4,381 shares of the business services provider’s stock worth $824,000 after acquiring an additional 59 shares during the period. Oakworth Capital Inc. grew its stake in shares of Cintas by 4.8% during the 3rd quarter. Oakworth Capital Inc. now owns 1,300 shares of the business services provider’s stock worth $267,000 after acquiring an additional 60 shares during the period. Finally, Atlas Legacy Advisors LLC grew its stake in shares of Cintas by 4.1% during the 3rd quarter. Atlas Legacy Advisors LLC now owns 1,560 shares of the business services provider’s stock worth $320,000 after acquiring an additional 62 shares during the period. Institutional investors own 63.46% of the company’s stock.

Cintas Stock Performance

NASDAQ:CTAS opened at $174.51 on Tuesday. The business’s 50-day moving average price is $177.14 and its two-hundred day moving average price is $185.62. Cintas Corporation has a twelve month low of $161.16 and a twelve month high of $229.24. The stock has a market cap of $69.82 billion, a P/E ratio of 49.30, a PEG ratio of 2.96 and a beta of 0.96. The company has a quick ratio of 1.74, a current ratio of 1.98 and a debt-to-equity ratio of 0.51.

Cintas (NASDAQ:CTAS) last released its quarterly earnings results on Wednesday, March 25th. The business services provider reported $1.24 earnings per share for the quarter, meeting the consensus estimate of $1.24. The firm had revenue of $2.84 billion for the quarter, compared to analysts’ expectations of $2.82 billion. Cintas had a return on equity of 41.47% and a net margin of 17.57%.The company’s revenue was up 8.9% compared to the same quarter last year. During the same quarter last year, the firm posted $1.13 EPS. As a group, equities analysts predict that Cintas Corporation will post 4.89 EPS for the current fiscal year.

Cintas Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, May 15th will be issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend is Friday, May 15th. Cintas’s dividend payout ratio (DPR) is currently 50.85%.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. UBS Group restated a “buy” rating on shares of Cintas in a research note on Thursday, March 12th. Citigroup cut their target price on Cintas from $181.00 to $160.00 and set a “sell” rating for the company in a research note on Tuesday, March 31st. Weiss Ratings downgraded Cintas from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, April 1st. Argus upgraded Cintas to a “strong-buy” rating in a research note on Wednesday, January 21st. Finally, Bank of America assumed coverage on Cintas in a research note on Tuesday, February 17th. They issued a “neutral” rating and a $215.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Cintas currently has an average rating of “Hold” and an average target price of $215.17.

Insider Buying and Selling at Cintas

In related news, Director Ronald W. Tysoe sold 4,666 shares of the firm’s stock in a transaction dated Monday, April 20th. The stock was sold at an average price of $178.87, for a total transaction of $834,607.42. Following the transaction, the director directly owned 22,448 shares of the company’s stock, valued at approximately $4,015,273.76. This trade represents a 17.21% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 14.90% of the company’s stock.

Cintas Profile

Cintas Corporation (NASDAQ: CTAS) is a provider of business services and products focused on workplace appearance, safety and facility maintenance. The company is best known for its uniform rental and corporate apparel programs, which include rental, leasing and direct-purchase options, laundering and garment repair. Cintas markets its services to a wide range of end-users, including manufacturing, food service, healthcare, hospitality, retail and government customers.

Beyond uniforms, Cintas offers a suite of facility services and products designed to help organizations maintain clean, safe and compliant workplaces.