Andina Capital Management LLC Sells 161 Shares of Cintas Corporation $CTAS

Andina Capital Management LLC lessened its stake in Cintas Corporation (NASDAQ:CTAS) by 6.9% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,177 shares of the business services provider’s stock after selling 161 shares during the quarter. Andina Capital Management LLC’s holdings in Cintas were worth $448,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. Pinnacle Wealth Management Advisory Group LLC lifted its holdings in shares of Cintas by 3.9% in the first quarter. Pinnacle Wealth Management Advisory Group LLC now owns 1,256 shares of the business services provider’s stock valued at $258,000 after purchasing an additional 47 shares in the last quarter. MJP Associates Inc. ADV lifted its holdings in shares of Cintas by 2.1% in the fourth quarter. MJP Associates Inc. ADV now owns 2,412 shares of the business services provider’s stock valued at $441,000 after purchasing an additional 50 shares in the last quarter. Kathmere Capital Management LLC lifted its holdings in shares of Cintas by 4.1% in the first quarter. Kathmere Capital Management LLC now owns 1,293 shares of the business services provider’s stock valued at $266,000 after purchasing an additional 51 shares in the last quarter. Pinnacle Associates Ltd. lifted its holdings in shares of Cintas by 4.1% in the first quarter. Pinnacle Associates Ltd. now owns 1,291 shares of the business services provider’s stock valued at $265,000 after purchasing an additional 51 shares in the last quarter. Finally, Johnson Financial Group Inc. lifted its holdings in Cintas by 7.7% during the fourth quarter. Johnson Financial Group Inc. now owns 728 shares of the business services provider’s stock worth $146,000 after acquiring an additional 52 shares during the period. Institutional investors own 63.46% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on CTAS shares. UBS Group lifted their price target on Cintas from $240.00 to $255.00 and gave the stock a “buy” rating in a report on Friday, July 18th. Royal Bank Of Canada reiterated a “sector perform” rating and set a $240.00 price target (up from $215.00) on shares of Cintas in a report on Monday, June 9th. Robert W. Baird lifted their price target on Cintas from $227.00 to $230.00 and gave the stock a “neutral” rating in a report on Friday, July 18th. Redburn Atlantic lowered Cintas from a “neutral” rating to a “sell” rating and set a $171.00 price target on the stock. in a report on Thursday, May 1st. Finally, Wells Fargo & Company upgraded Cintas from an “underweight” rating to an “equal weight” rating and lifted their price target for the stock from $196.00 to $221.00 in a report on Tuesday, July 1st. Two analysts have rated the stock with a sell rating, five have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Cintas presently has a consensus rating of “Hold” and a consensus price target of $224.54.

Insider Activity

In other news, CEO Todd M. Schneider sold 17,301 shares of Cintas stock in a transaction on Monday, July 28th. The stock was sold at an average price of $220.90, for a total value of $3,821,790.90. Following the completion of the transaction, the chief executive officer directly owned 622,712 shares in the company, valued at approximately $137,557,080.80. The trade was a 2.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ronald W. Tysoe sold 5,084 shares of Cintas stock in a transaction on Wednesday, July 30th. The shares were sold at an average price of $223.47, for a total value of $1,136,121.48. Following the completion of the transaction, the director owned 21,945 shares of the company’s stock, valued at approximately $4,904,049.15. This trade represents a 18.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. 15.00% of the stock is owned by company insiders.

Cintas Stock Performance

Shares of CTAS opened at $214.28 on Tuesday. The firm has a market cap of $86.35 billion, a PE ratio of 48.59, a PEG ratio of 3.73 and a beta of 1.03. The stock’s fifty day moving average price is $220.65 and its two-hundred day moving average price is $212.30. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.09 and a quick ratio of 1.82. Cintas Corporation has a 1 year low of $180.78 and a 1 year high of $229.24.

Cintas (NASDAQ:CTAS) last issued its earnings results on Thursday, July 17th. The business services provider reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.02. The firm had revenue of $2.67 billion for the quarter, compared to analyst estimates of $2.63 billion. Cintas had a return on equity of 41.21% and a net margin of 17.53%. The business’s revenue was up 8.0% on a year-over-year basis. During the same period in the previous year, the company posted $3.99 earnings per share. On average, equities research analysts forecast that Cintas Corporation will post 4.31 EPS for the current year.

Cintas Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Friday, August 15th will be given a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 0.8%. This is a boost from Cintas’s previous quarterly dividend of $0.39. The ex-dividend date is Friday, August 15th. Cintas’s dividend payout ratio (DPR) is presently 40.82%.

Cintas 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.