Cintas Co. (NASDAQ:CTAS) Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC lessened its position in Cintas Co. (NASDAQ:CTAS) by 3.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 29,863 shares of the business services provider’s stock after selling 1,177 shares during the period. Yousif Capital Management LLC’s holdings in Cintas were worth $17,997,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. FMR LLC boosted its stake in shares of Cintas by 5.5% in the third quarter. FMR LLC now owns 2,352,581 shares of the business services provider’s stock valued at $1,131,615,000 after purchasing an additional 123,468 shares during the period. Invesco Ltd. increased its stake in Cintas by 17.4% during the 3rd quarter. Invesco Ltd. now owns 1,025,615 shares of the business services provider’s stock valued at $493,331,000 after buying an additional 151,783 shares during the period. Northern Trust Corp grew its stake in shares of Cintas by 7.6% in the 3rd quarter. Northern Trust Corp now owns 1,008,632 shares of the business services provider’s stock worth $485,162,000 after purchasing an additional 71,482 shares during the last quarter. Morgan Stanley grew its stake in shares of Cintas by 1.9% in the 3rd quarter. Morgan Stanley now owns 823,280 shares of the business services provider’s stock worth $396,007,000 after purchasing an additional 15,053 shares during the last quarter. Finally, Nordea Investment Management AB grew its stake in shares of Cintas by 16.6% in the 4th quarter. Nordea Investment Management AB now owns 600,311 shares of the business services provider’s stock worth $360,637,000 after purchasing an additional 85,662 shares during the last quarter. Institutional investors and hedge funds own 63.46% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on CTAS shares. Royal Bank of Canada lifted their target price on shares of Cintas from $675.00 to $725.00 and gave the company an “outperform” rating in a research note on Thursday, March 28th. StockNews.com raised shares of Cintas from a “hold” rating to a “buy” rating in a report on Monday, March 25th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Cintas from $629.00 to $726.00 and gave the stock a “hold” rating in a report on Thursday, March 28th. Bank of America upped their target price on shares of Cintas from $700.00 to $790.00 and gave the stock a “buy” rating in a report on Thursday, March 28th. Finally, The Goldman Sachs Group upped their price target on shares of Cintas from $673.00 to $765.00 and gave the stock a “buy” rating in a research report on Thursday, March 28th. Six equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $661.21.

Cintas Price Performance

Shares of NASDAQ:CTAS traded up $1.33 on Tuesday, hitting $666.33. The company’s stock had a trading volume of 542,825 shares, compared to its average volume of 346,891. The company has a 50-day simple moving average of $645.27 and a 200 day simple moving average of $591.22. Cintas Co. has a 1 year low of $438.59 and a 1 year high of $704.84. The company has a market capitalization of $67.55 billion, a PE ratio of 46.02, a PEG ratio of 3.87 and a beta of 1.27. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.38 and a quick ratio of 2.03.

Cintas (NASDAQ:CTAS) last posted its quarterly earnings results on Wednesday, March 27th. The business services provider reported $3.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.58 by $0.26. The business had revenue of $2.41 billion for the quarter, compared to analyst estimates of $2.39 billion. Cintas had a return on equity of 37.19% and a net margin of 15.98%. Cintas’s revenue for the quarter was up 9.9% compared to the same quarter last year. During the same period last year, the company earned $3.14 EPS. Sell-side analysts forecast that Cintas Co. will post 14.95 EPS for the current fiscal year.

Cintas Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Wednesday, May 15th will be given a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a dividend yield of 0.81%. The ex-dividend date of this dividend is Tuesday, May 14th. Cintas’s dividend payout ratio is currently 37.29%.

About Cintas

Cintas Corporation provides 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.