Cintas Co. (NASDAQ:CTAS) Director Ronald W. Tysoe Sells 8,521 Shares

Cintas Co. (NASDAQ:CTAS) Director Ronald W. Tysoe sold 8,521 shares of the firm’s stock in a transaction that occurred 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 transaction, the director now directly owns 27,029 shares in the company, valued at approximately $5,647,979.84. This trade represents a 23.97 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link.

Cintas Stock Down 1.7 %

Shares of CTAS traded down $3.48 during midday trading on Wednesday, hitting $204.72. 1,967,541 shares of the company’s stock traded hands, compared to its average volume of 1,696,484. Cintas Co. has a 1 year low of $162.16 and a 1 year high of $228.12. The firm’s fifty day moving average is $201.32 and its 200-day moving average is $204.31. The company has a current ratio of 1.58, a quick ratio of 1.38 and a debt-to-equity ratio of 0.47. The stock has a market capitalization 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.

Cintas (NASDAQ:CTAS) last released 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. The company had revenue of $2.61 billion for 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 earned $3.84 EPS. As a group, sell-side analysts anticipate that Cintas Co. will post 4.31 earnings per share for the current year.

Cintas Announces Dividend

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 given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date is Thursday, May 15th. Cintas’s dividend payout ratio is presently 36.11%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CTAS. Barclays PLC boosted its stake in shares of Cintas by 340.1% in the third quarter. Barclays PLC now owns 1,089,535 shares of the business services provider’s stock worth $224,312,000 after buying an additional 841,952 shares during the last quarter. Virtu Financial LLC grew its stake in shares of Cintas by 168.1% during 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 shares of Cintas by 299.8% during the 3rd quarter. Morse Asset Management Inc now owns 21,229 shares of the business services provider’s stock valued at $4,371,000 after purchasing an additional 15,919 shares in the last quarter. Wealthquest Corp increased its holdings in shares of Cintas by 285.9% during 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 in the last quarter. Finally, Anchor Investment Management LLC lifted its stake in shares of Cintas by 299.7% in the 3rd 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 during the period. 63.46% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

CTAS has been the topic of several research reports. Royal Bank of Canada restated a “sector perform” rating and set a $215.00 price objective on shares of Cintas in a report on Thursday, March 27th. Wells Fargo & Company raised their price target on Cintas from $184.00 to $196.00 and gave the company an “underweight” rating in a research note on Thursday, March 27th. UBS Group upped their price objective on shares of Cintas from $218.00 to $240.00 and gave the stock a “buy” rating in a research note on Thursday, March 27th. Morgan Stanley raised their target price on shares of Cintas from $195.00 to $213.00 and gave the company an “equal weight” rating in a research report on Thursday, March 27th. Finally, Truist Financial upped their price target on shares of Cintas from $215.00 to $230.00 and gave the stock a “buy” rating in a research report on Thursday, March 27th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $213.62.

About Cintas

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.