Cintas Corporation $CTAS Shares Purchased by Westerkirk Capital Inc.

Westerkirk Capital Inc. increased its stake in shares of Cintas Corporation (NASDAQ:CTAS) by 89.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,700 shares of the business services provider’s stock after purchasing an additional 6,000 shares during the quarter. Westerkirk Capital Inc.’s holdings in Cintas were worth $2,388,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Nemes Rush Group LLC acquired a new position in Cintas during the 4th quarter worth $25,000. Triumph Capital Management acquired a new position in Cintas during the 3rd quarter worth $29,000. Camelot Portfolios LLC acquired a new position in Cintas during the 4th quarter worth $26,000. Key Capital Management INC acquired a new position in Cintas during the 4th quarter worth $28,000. Finally, Ares Financial Consulting LLC acquired a new position in Cintas during the 4th quarter worth $32,000. 63.46% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Cintas

In other news, Director Ronald W. Tysoe sold 4,666 shares of the business’s stock in a transaction dated Monday, April 20th. The stock was sold at an average price of $178.87, for a total value of $834,607.42. Following the completion of the sale, the director directly owned 22,448 shares of the company’s stock, valued at approximately $4,015,273.76. The trade was a 17.21% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 14.90% of the company’s stock.

Cintas Stock Down 3.4%

Shares of NASDAQ CTAS opened at $173.65 on Tuesday. The company has a market capitalization of $69.48 billion, a price-to-earnings ratio of 49.05, a price-to-earnings-growth ratio of 2.86 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. The business has a 50-day moving average of $172.69 and a two-hundred day moving average of $184.42. Cintas Corporation has a 1 year low of $161.16 and a 1 year high of $227.17.

Cintas (NASDAQ:CTAS) last announced its quarterly earnings results on Wednesday, March 25th. The business services provider reported $1.24 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.24. The company had revenue of $2.84 billion during the quarter, compared to the consensus estimate of $2.82 billion. Cintas had a return on equity of 41.47% and a net margin of 17.57%.Cintas’s revenue for the quarter was up 8.9% on a year-over-year basis. During the same period in the previous year, the business earned $1.13 EPS. On average, analysts forecast that Cintas Corporation will post 4.89 earnings per share for the current fiscal year.

Cintas Announces Dividend

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

Analysts Set New Price Targets

Several research analysts recently commented on the company. UBS Group reissued a “buy” rating on shares of Cintas in a research note on Thursday, March 12th. Stifel Nicolaus lowered their target price on Cintas from $222.00 to $190.00 and set a “hold” rating for the company in a research note on Thursday, March 26th. Bank of America started coverage on Cintas in a research note on Tuesday, February 17th. They set a “neutral” rating and a $215.00 target price for the company. Citigroup decreased their price target on Cintas from $181.00 to $160.00 and set a “sell” rating for the company in a report on Tuesday, March 31st. Finally, Robert W. Baird raised Cintas from a “neutral” rating to an “outperform” rating and set a $250.00 price target for the company in a report on Wednesday, March 11th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $215.17.

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.