Natixis Advisors LLC Has $39.63 Million Stock Position in Cintas Corporation $CTAS

Natixis Advisors LLC lessened its stake in shares of Cintas Corporation (NASDAQ:CTAS) by 49.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 210,717 shares of the business services provider’s stock after selling 202,330 shares during the quarter. Natixis Advisors LLC owned approximately 0.05% of Cintas worth $39,630,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of CTAS. Camelot Portfolios LLC acquired a new stake in shares of Cintas during the 4th quarter valued at $26,000. Key Capital Management INC acquired a new position in Cintas in the 4th quarter worth about $28,000. Triumph Capital Management bought a new position in Cintas in the third quarter valued at about $29,000. Ares Financial Consulting LLC acquired a new stake in shares of Cintas during the fourth quarter valued at about $32,000. Finally, Aventura Private Wealth LLC acquired a new stake in shares of Cintas during the fourth quarter valued at about $34,000. 63.46% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Cintas news, Director Ronald W. Tysoe sold 4,666 shares of the company’s stock in a transaction on Monday, April 20th. The shares were sold at an average price of $178.87, for a total transaction of $834,607.42. Following the sale, the director owned 22,448 shares of the company’s stock, valued at approximately $4,015,273.76. This represents a 17.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 14.90% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Weiss Ratings downgraded Cintas from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, April 1st. UBS Group reissued a “buy” rating on shares of Cintas in a report on Thursday, March 12th. Citigroup decreased their price target on shares of Cintas from $181.00 to $160.00 and set a “sell” rating for the company in a research report on Tuesday, March 31st. Bank of America initiated coverage on shares of Cintas in a research note on Tuesday, February 17th. They set a “neutral” rating and a $215.00 price target for the company. Finally, Stifel Nicolaus cut their price target on shares of Cintas from $222.00 to $190.00 and set a “hold” rating on the stock in a report on Thursday, March 26th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $215.17.

Cintas Price Performance

Cintas stock opened at $174.76 on Thursday. The stock’s 50 day moving average is $172.50 and its 200 day moving average is $184.57. Cintas Corporation has a one year low of $161.16 and a one year high of $229.24. The firm has a market cap of $69.92 billion, a P/E ratio of 49.37, a P/E/G ratio of 2.75 and a beta of 0.94. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.98 and a quick ratio of 1.74.

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

Cintas Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, May 15th will be issued a $0.45 dividend. The ex-dividend date is Friday, May 15th. This represents a $1.80 annualized dividend and a yield of 1.0%. Cintas’s payout ratio is presently 50.85%.

Cintas Company 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.