TimesSquare Capital Management LLC Sells 22,895 Shares of Cintas Corporation $CTAS

TimesSquare Capital Management LLC trimmed its stake in Cintas Corporation (NASDAQ:CTAS) by 5.9% in the fourth quarter, Holdings Channel reports. The firm owned 365,994 shares of the business services provider’s stock after selling 22,895 shares during the quarter. TimesSquare Capital Management LLC’s holdings in Cintas were worth $68,832,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the stock. Richardson Financial Services Inc. grew its stake in Cintas by 1.1% in the fourth quarter. Richardson Financial Services Inc. now owns 5,058 shares of the business services provider’s stock valued at $951,000 after purchasing an additional 54 shares in the last quarter. Woodward Diversified Capital LLC grew its stake in Cintas by 4.8% in the fourth quarter. Woodward Diversified Capital LLC now owns 1,288 shares of the business services provider’s stock valued at $242,000 after purchasing an additional 59 shares in the last quarter. Mather Group LLC. grew its stake in Cintas by 1.4% in the fourth quarter. Mather Group LLC. now owns 4,381 shares of the business services provider’s stock valued at $824,000 after purchasing an additional 59 shares in the last quarter. Oakworth Capital Inc. grew its stake in Cintas by 4.8% in the third quarter. Oakworth Capital Inc. now owns 1,300 shares of the business services provider’s stock valued at $267,000 after purchasing an additional 60 shares in the last quarter. Finally, Atlas Legacy Advisors LLC grew its stake in Cintas by 4.1% in the third quarter. Atlas Legacy Advisors LLC now owns 1,560 shares of the business services provider’s stock valued at $320,000 after purchasing an additional 62 shares in the last quarter. 63.46% of the stock is currently owned by institutional investors.

Cintas Price Performance

Shares of CTAS stock opened at $174.51 on Tuesday. The company has a quick ratio of 1.74, a current ratio of 1.98 and a debt-to-equity ratio of 0.51. Cintas Corporation has a twelve month low of $161.16 and a twelve month high of $229.24. The company has a market cap of $69.82 billion, a P/E ratio of 49.30, a P/E/G ratio of 2.96 and a beta of 0.96. The business has a fifty day simple moving average of $177.14 and a 200 day simple moving average of $185.62.

Cintas (NASDAQ:CTAS) last announced its quarterly earnings data on Wednesday, March 25th. The business services provider reported $1.24 earnings per share for the quarter, hitting the consensus estimate of $1.24. Cintas had a return on equity of 41.47% and a net margin of 17.57%.The business had revenue of $2.84 billion during the quarter, compared to the consensus estimate of $2.82 billion. During the same period in the prior year, the company earned $1.13 EPS. Cintas’s revenue for the quarter was up 8.9% on a year-over-year basis. On average, sell-side analysts forecast that Cintas Corporation will post 4.89 EPS for the current fiscal year.

Cintas Dividend Announcement

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 given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Friday, May 15th. Cintas’s dividend payout ratio is currently 50.85%.

Insider Buying and Selling at Cintas

In related 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 completion of the sale, the director directly owned 22,448 shares in the company, valued at $4,015,273.76. This represents a 17.21% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 14.90% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Argus raised Cintas to a “strong-buy” rating in a research report on Wednesday, January 21st. Stifel Nicolaus cut their price objective on Cintas from $222.00 to $190.00 and set a “hold” rating for the company in a research report on Thursday, March 26th. Citigroup cut their price objective on Cintas from $181.00 to $160.00 and set a “sell” rating for the company in a research report on Tuesday, March 31st. Bank of America assumed coverage on Cintas in a research report on Tuesday, February 17th. They issued a “neutral” rating and a $215.00 price objective for the company. Finally, Robert W. Baird raised Cintas from a “neutral” rating to an “outperform” rating and set a $250.00 price objective for the company in a research report on Wednesday, March 11th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $215.17.

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.