Cintas Co. (NASDAQ:CTAS) Stock Position Cut by Focus Partners Wealth

Focus Partners Wealth lessened its stake in Cintas Co. (NASDAQ:CTAS) by 1.4% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 21,486 shares of the business services provider’s stock after selling 308 shares during the period. Focus Partners Wealth’s holdings in Cintas were worth $3,925,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CTAS. Sound Income Strategies LLC bought a new position in Cintas in the 4th quarter valued at about $27,000. Cyrus J. Lawrence LLC bought a new position in Cintas in the 4th quarter valued at about $29,000. Endeavor Private Wealth Inc. bought a new position in Cintas in the 4th quarter valued at about $31,000. IAG Wealth Partners LLC grew its position in Cintas by 136.8% in the 4th quarter. IAG Wealth Partners LLC now owns 180 shares of the business services provider’s stock valued at $33,000 after buying an additional 104 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. bought a new position in Cintas in the 4th quarter valued at about $34,000. Institutional investors own 63.46% of the company’s stock.

Cintas Price Performance

CTAS stock opened at $214.19 on Thursday. The company has a current ratio of 1.58, a quick ratio of 1.38 and a debt-to-equity ratio of 0.47. Cintas Co. has a one year low of $164.93 and a one year high of $228.12. The firm has a market capitalization of $86.49 billion, a PE ratio of 51.64, a P/E/G ratio of 3.98 and a beta of 1.09. The firm has a 50-day moving average of $203.67 and a two-hundred day moving average of $204.58.

Cintas (NASDAQ:CTAS) last posted its quarterly earnings data on Wednesday, March 26th. The business services provider reported $1.13 EPS for the quarter, beating analysts’ consensus estimates of $1.05 by $0.08. Cintas had a net margin of 17.23% and a return on equity of 40.62%. The company had revenue of $2.61 billion during the quarter, compared to analyst estimates of $2.60 billion. During the same period in the prior year, the firm earned $3.84 earnings per share. The business’s quarterly revenue was up 8.4% on a year-over-year basis. On average, analysts forecast that Cintas Co. will post 4.31 earnings per share for the current year.

Cintas Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Thursday, May 15th will be given a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.73%. The ex-dividend date of this dividend is Thursday, May 15th. Cintas’s dividend payout ratio (DPR) is 36.11%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Bank of America assumed coverage on shares of Cintas in a report on Thursday, April 10th. They issued a “buy” rating and a $250.00 price target for the company. Wells Fargo & Company upped their price target on shares of Cintas from $184.00 to $196.00 and gave the company an “underweight” rating in a report on Thursday, March 27th. Redburn Atlantic downgraded shares of Cintas from a “neutral” rating to a “sell” rating and set a $171.00 price target for the company. in a report on Thursday, May 1st. Truist Financial upped their price target on shares of Cintas from $215.00 to $230.00 and gave the company a “buy” rating in a report on Thursday, March 27th. Finally, The Goldman Sachs Group upped their price target on shares of Cintas from $211.00 to $233.00 and gave the company a “buy” rating in a report on Thursday, March 27th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $213.88.

Insider Transactions at Cintas

In other news, COO Jim Rozakis sold 2,000 shares of the stock in a transaction that occurred on Monday, April 7th. The shares were sold at an average price of $190.37, for a total value of $380,740.00. Following the completion of the sale, the chief operating officer now directly owns 256,528 shares of the company’s stock, valued at $48,835,235.36. This represents a 0.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Ronald W. Tysoe sold 8,521 shares of the stock in a transaction that occurred on Monday, April 14th. The stock was sold at an average price of $208.96, for a total transaction of $1,780,548.16. Following the completion of the sale, the director now directly owns 27,029 shares of the company’s stock, valued at $5,647,979.84. This trade represents a 23.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. 15.00% of the stock is owned by insiders.

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.