Cintas Corporation $CTAS Stock Position Cut by PKO Investment Management Joint Stock Co

PKO Investment Management Joint Stock Co decreased its stake in shares of Cintas Corporation (NASDAQ:CTAS) by 45.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,000 shares of the business services provider’s stock after selling 9,000 shares during the period. PKO Investment Management Joint Stock Co’s holdings in Cintas were worth $1,861,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Nemes Rush Group LLC bought a new position in shares of Cintas in the fourth quarter valued at approximately $25,000. Swiss RE Ltd. bought a new stake in Cintas during the fourth quarter worth approximately $25,000. Camelot Portfolios LLC bought a new stake in Cintas during the fourth quarter worth approximately $26,000. Kemnay Advisory Services Inc. acquired a new stake in Cintas in the fourth quarter worth approximately $26,000. Finally, Key Capital Management INC acquired a new stake in Cintas in the fourth quarter worth approximately $28,000. 63.46% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

CTAS has been the topic of several research analyst reports. Citigroup lowered their price target on Cintas from $181.00 to $160.00 and set a “sell” rating on the stock in a research report on Tuesday, March 31st. UBS Group reaffirmed a “buy” rating on shares of Cintas in a research note on Thursday, March 12th. Truist Financial lowered their target price on Cintas from $255.00 to $225.00 and set a “buy” rating on the stock in a report on Monday, June 15th. Robert W. Baird raised shares of 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. Finally, Weiss Ratings lowered shares of Cintas from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, June 17th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $215.92.

Cintas Price Performance

Shares of NASDAQ:CTAS opened at $169.45 on Tuesday. Cintas Corporation has a one year low of $161.16 and a one year high of $226.75. The stock has a fifty day moving average of $173.40 and a 200-day moving average of $183.77. The company has a market capitalization of $67.80 billion, a PE ratio of 47.87, a price-to-earnings-growth ratio of 2.72 and a beta of 0.94. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.74 and a current ratio of 1.98.

Cintas (NASDAQ:CTAS) last issued its 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 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 company’s quarterly revenue was up 8.9% on a year-over-year basis. During the same period in the previous year, the firm posted $1.13 EPS. As a group, equities analysts anticipate that Cintas Corporation will post 4.89 EPS for the current fiscal year.

Cintas Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Friday, May 15th were paid a $0.45 dividend. The ex-dividend date of this dividend was Friday, May 15th. This represents a $1.80 dividend on an annualized basis and a yield of 1.1%. Cintas’s dividend payout ratio (DPR) is currently 50.85%.

Insider Transactions at Cintas

In other Cintas 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 transaction of $834,607.42. Following the sale, the director owned 22,448 shares in the company, valued at approximately $4,015,273.76. The trade was a 17.21% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 14.90% of the company’s stock.

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.