Cintas Corporation $CTAS Shares Sold by Prospera Financial Services Inc

Prospera Financial Services Inc decreased its holdings in Cintas Corporation (NASDAQ:CTAS) by 50.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,059 shares of the business services provider’s stock after selling 8,305 shares during the quarter. Prospera Financial Services Inc’s holdings in Cintas were worth $1,516,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Triumph Capital Management acquired a new stake in Cintas during the 3rd quarter worth about $29,000. Camelot Portfolios LLC acquired a new stake in Cintas during the 4th quarter worth about $26,000. Key Capital Management INC acquired a new stake in Cintas during the 4th quarter worth about $28,000. Ares Financial Consulting LLC acquired a new stake in Cintas during the 4th quarter worth about $32,000. Finally, Washington Trust Advisors Inc. acquired a new stake in Cintas during the 4th quarter worth about $34,000. Institutional investors and hedge funds own 63.46% of the company’s stock.

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 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 in the company, valued at $4,015,273.76. This represents a 17.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 14.90% of the company’s stock.

Cintas Price Performance

NASDAQ:CTAS opened at $169.86 on Thursday. Cintas Corporation has a 12 month low of $161.16 and a 12 month high of $229.24. The stock has a 50 day moving average of $173.60 and a two-hundred day moving average of $185.02. The company has a current ratio of 1.98, a quick ratio of 1.74 and a debt-to-equity ratio of 0.51. The firm has a market cap of $67.96 billion, a P/E ratio of 47.98, a price-to-earnings-growth ratio of 3.01 and a beta of 0.96.

Cintas (NASDAQ:CTAS) last issued its earnings results on Wednesday, March 25th. The business services provider reported $1.24 earnings per share for the quarter, hitting the consensus estimate of $1.24. The business 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 business’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.13 EPS. On average, analysts expect that Cintas Corporation will post 4.89 earnings per share for the current fiscal year.

Cintas Announces Dividend

The firm 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 $0.45 dividend. The ex-dividend date is Friday, May 15th. This represents a $1.80 dividend on an annualized basis and a yield of 1.1%. Cintas’s dividend payout ratio is currently 50.85%.

Analysts Set New Price Targets

CTAS has been the subject of a number of research reports. Stifel Nicolaus reduced their price objective on Cintas from $222.00 to $190.00 and set a “hold” rating for the company in a research note on Thursday, March 26th. Weiss Ratings lowered Cintas from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, April 1st. Robert W. Baird upgraded Cintas from a “neutral” rating to an “outperform” rating and set a $250.00 price objective for the company in a research note on Wednesday, March 11th. Citigroup reduced their price objective on Cintas from $181.00 to $160.00 and set a “sell” rating for the company in a research note on Tuesday, March 31st. Finally, Bank of America initiated coverage on Cintas in a research note on Tuesday, February 17th. They set a “neutral” rating and a $215.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Cintas currently has an average rating of “Hold” and an average price target of $215.17.

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.