Jim Rozakis Sells 2,000 Shares of Cintas Co. (NASDAQ:CTAS) Stock

Cintas Co. (NASDAQ:CTAS) COO Jim Rozakis sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, April 7th. The stock was sold at an average price of $190.37, for a total value of $380,740.00. Following the transaction, the chief operating officer now directly owns 256,528 shares of the company’s stock, valued at approximately $48,835,235.36. The trade was a 0.77 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Cintas Trading Up 7.3 %

NASDAQ:CTAS opened at $203.99 on Thursday. The stock’s 50 day moving average price is $200.97 and its 200 day moving average price is $204.27. The company has a market capitalization of $82.32 billion, a PE ratio of 49.18, a P/E/G ratio of 3.98 and a beta of 1.20. The company has a quick ratio of 1.38, a current ratio of 1.58 and a debt-to-equity ratio of 0.47. Cintas Co. has a 52-week low of $162.16 and a 52-week high of $228.12.

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

Cintas Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Thursday, May 15th will be issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 0.76%. Cintas’s dividend payout ratio is presently 36.11%.

Hedge Funds Weigh In On Cintas

Hedge funds and other institutional investors have recently bought and sold shares of the company. Sound Income Strategies LLC acquired a new position in shares of Cintas in the fourth quarter worth $27,000. Cyrus J. Lawrence LLC acquired a new position in shares of Cintas in the fourth quarter worth $29,000. Endeavor Private Wealth Inc. acquired a new position in shares of Cintas in the fourth quarter worth $31,000. IAG Wealth Partners LLC raised its holdings in shares of Cintas by 136.8% in the fourth quarter. IAG Wealth Partners LLC now owns 180 shares of the business services provider’s stock worth $33,000 after acquiring an additional 104 shares during the last quarter. Finally, Newbridge Financial Services Group Inc. acquired a new position in shares of Cintas in the fourth quarter worth $34,000. 63.46% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently commented on CTAS. Royal Bank of Canada reissued a “sector perform” rating and issued a $215.00 price objective on shares of Cintas in a research note on Thursday, March 27th. The Goldman Sachs Group increased their price objective on Cintas from $211.00 to $233.00 and gave the company a “buy” rating in a research note on Thursday, March 27th. Truist Financial increased their price objective on Cintas from $215.00 to $230.00 and gave the company a “buy” rating in a research note on Thursday, March 27th. Wells Fargo & Company upped their target price on Cintas from $184.00 to $196.00 and gave the company an “underweight” rating in a report on Thursday, March 27th. Finally, UBS Group upped their target price on Cintas from $218.00 to $240.00 and gave the company a “buy” rating in a report on Thursday, March 27th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, Cintas presently has a consensus rating of “Hold” and an average price target of $210.58.

Cintas Company 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.