Cintas Co. (NASDAQ:CTAS - Get Free Report) Director Ronald W. Tysoe sold 8,521 shares of Cintas stock in a transaction on Monday, April 14th. The stock was sold at an average price of $208.96, for a total transaction of $1,780,548.16. Following the sale, the director now owns 27,029 shares in the company, valued at $5,647,979.84. This represents a 23.97 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Cintas Stock Performance
Shares of NASDAQ:CTAS opened at $204.72 on Thursday. The company has a market capitalization of $82.66 billion, a price-to-earnings ratio of 49.36, a P/E/G ratio of 3.98 and a beta of 1.20. The firm's 50 day simple moving average is $201.38 and its 200 day simple moving average is $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 Co. has a fifty-two week low of $162.16 and a fifty-two week high of $228.12.
Cintas (NASDAQ:CTAS - Get Free Report) last posted its earnings results on Wednesday, March 26th. The business services provider reported $1.13 earnings per share for the quarter, topping the consensus estimate of $1.05 by $0.08. Cintas had a net margin of 17.23% and a return on equity of 40.62%. The company had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.60 billion. During the same period last year, the business posted $3.84 earnings per share. The business's revenue for the quarter was up 8.4% compared to the same quarter last year. As a group, sell-side analysts forecast that Cintas Co. will post 4.31 earnings per share for the current year.
Cintas Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Thursday, May 15th will be issued a $0.39 dividend. The ex-dividend date is Thursday, May 15th. This represents a $1.56 annualized dividend and a dividend yield of 0.76%. Cintas's dividend payout ratio (DPR) is currently 36.11%.
Analysts Set New Price Targets
CTAS has been the subject of a number of research analyst reports. Wells Fargo & Company lifted their target price on shares of Cintas from $184.00 to $196.00 and gave the company an "underweight" rating in a research note on Thursday, March 27th. Truist Financial upped their price objective on Cintas from $215.00 to $230.00 and gave the stock a "buy" rating in a report on Thursday, March 27th. Bank of America initiated coverage on Cintas in a research note on Thursday, April 10th. They issued a "buy" rating and a $250.00 target price for the company. UBS Group upped their price target on Cintas from $218.00 to $240.00 and gave the company a "buy" rating in a research note on Thursday, March 27th. Finally, Royal Bank of Canada reiterated a "sector perform" rating and issued a $215.00 price objective on shares of Cintas in a research report on Thursday, March 27th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat, Cintas has an average rating of "Hold" and a consensus price target of $213.62.
Read Our Latest Stock Analysis on CTAS
Hedge Funds Weigh In On Cintas
Several institutional investors have recently modified their holdings of the business. Barclays PLC increased its position in shares of Cintas by 340.1% during the third quarter. Barclays PLC now owns 1,089,535 shares of the business services provider's stock worth $224,312,000 after acquiring an additional 841,952 shares in the last quarter. Virtu Financial LLC boosted its stake in Cintas by 168.1% in the 3rd quarter. Virtu Financial LLC now owns 14,468 shares of the business services provider's stock worth $2,979,000 after purchasing an additional 9,072 shares during the period. Morse Asset Management Inc increased its holdings in Cintas by 299.8% during the 3rd quarter. Morse Asset Management Inc now owns 21,229 shares of the business services provider's stock worth $4,371,000 after purchasing an additional 15,919 shares in the last quarter. Wealthquest Corp raised its stake in shares of Cintas by 285.9% in the 3rd quarter. Wealthquest Corp now owns 14,848 shares of the business services provider's stock valued at $3,027,000 after purchasing an additional 11,000 shares during the period. Finally, Anchor Investment Management LLC lifted its holdings in shares of Cintas by 299.7% in the third quarter. Anchor Investment Management LLC now owns 2,294 shares of the business services provider's stock valued at $472,000 after purchasing an additional 1,720 shares in the last quarter. Institutional investors own 63.46% of the company's stock.
About Cintas
(
Get Free Report)
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.
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