Mariner LLC Has $19.30 Million Stock Holdings in Cintas Co. (NASDAQ:CTAS)

Mariner LLC boosted its stake in shares of Cintas Co. (NASDAQ:CTAS) by 0.6% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 105,620 shares of the business services provider’s stock after buying an additional 590 shares during the period. Mariner LLC’s holdings in Cintas were worth $19,297,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Trustmark National Bank Trust Department lifted its position in Cintas by 2.2% in the 4th quarter. Trustmark National Bank Trust Department now owns 23,225 shares of the business services provider’s stock valued at $4,243,000 after acquiring an additional 498 shares in the last quarter. Savvy Advisors Inc. raised its stake in shares of Cintas by 9.2% in the 4th quarter. Savvy Advisors Inc. now owns 1,239 shares of the business services provider’s stock valued at $226,000 after purchasing an additional 104 shares during the period. Summit Investment Advisors Inc. lifted its holdings in shares of Cintas by 2.0% in the fourth quarter. Summit Investment Advisors Inc. now owns 23,472 shares of the business services provider’s stock valued at $4,288,000 after purchasing an additional 453 shares in the last quarter. Sagespring Wealth Partners LLC acquired a new position in shares of Cintas during the fourth quarter worth about $449,000. Finally, Townsquare Capital LLC grew its holdings in shares of Cintas by 15.2% during the fourth quarter. Townsquare Capital LLC now owns 31,591 shares of the business services provider’s stock worth $5,772,000 after buying an additional 4,160 shares in the last quarter. Institutional investors own 63.46% of the company’s stock.

Cintas Trading Down 1.7 %

CTAS stock opened at $204.72 on Thursday. Cintas Co. has a one year low of $162.16 and a one year high of $228.12. The stock has a market cap of $82.66 billion, a price-to-earnings ratio of 49.36, a price-to-earnings-growth ratio of 3.98 and a beta of 1.20. The company has a fifty day moving average price of $201.38 and a two-hundred day moving average price of $204.31. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.58 and a quick ratio of 1.38.

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

Cintas Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Thursday, May 15th will be paid a dividend of $0.39 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.76%. Cintas’s dividend payout ratio (DPR) is currently 36.11%.

Analyst Ratings Changes

Several equities research analysts have commented on CTAS shares. UBS Group boosted their target price on Cintas from $218.00 to $240.00 and gave the company a “buy” rating in a research note on Thursday, March 27th. Robert W. Baird increased their target price on shares of Cintas from $200.00 to $227.00 and gave the stock a “neutral” rating in a report on Thursday, March 27th. Truist Financial lifted their price target on shares of Cintas from $215.00 to $230.00 and gave the company a “buy” rating in a research note on Thursday, March 27th. Citigroup assumed coverage on shares of Cintas in a research note on Monday, February 24th. They set a “sell” rating and a $161.00 price objective for the company. Finally, Bank of America assumed coverage on Cintas in a research report on Thursday, April 10th. They issued a “buy” rating and a $250.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $213.62.

Insider Activity at Cintas

In related news, COO Jim Rozakis sold 2,000 shares of the firm’s stock in a transaction dated Monday, April 7th. The shares were sold at an average price of $190.37, for a total transaction 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. This trade represents a 0.77 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Ronald W. Tysoe sold 8,521 shares of the business’s stock in a transaction dated Monday, April 14th. The shares were 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 represents a 23.97 % decrease in their position. The disclosure for this sale can be found here. 15.00% of the stock is currently owned by corporate insiders.

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.