Universal Beteiligungs und Servicegesellschaft mbH Sells 12,658 Shares of Cintas Corporation $CTAS

Universal Beteiligungs und Servicegesellschaft mbH lowered its stake in shares of Cintas Corporation (NASDAQ:CTAS) by 3.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 330,582 shares of the business services provider’s stock after selling 12,658 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Cintas were worth $62,613,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Salomon & Ludwin LLC raised its position in shares of Cintas by 89.7% during the fourth quarter. Salomon & Ludwin LLC now owns 349 shares of the business services provider’s stock valued at $65,000 after buying an additional 165 shares during the last quarter. Godsey & Gibb Inc. increased its position in Cintas by 0.3% in the fourth quarter. Godsey & Gibb Inc. now owns 125,394 shares of the business services provider’s stock worth $23,583,000 after purchasing an additional 388 shares during the last quarter. TD Waterhouse Canada Inc. increased its position in Cintas by 25.7% in the fourth quarter. TD Waterhouse Canada Inc. now owns 18,840 shares of the business services provider’s stock worth $3,543,000 after purchasing an additional 3,848 shares during the last quarter. Revisor Wealth Management LLC increased its position in Cintas by 23.9% in the fourth quarter. Revisor Wealth Management LLC now owns 3,541 shares of the business services provider’s stock worth $682,000 after purchasing an additional 683 shares during the last quarter. Finally, Clark Asset Management LLC bought a new stake in Cintas in the fourth quarter worth $229,000. Institutional investors own 63.46% of the company’s stock.

Cintas Stock Down 0.9%

NASDAQ CTAS opened at $174.66 on Thursday. The company has a quick ratio of 1.74, a current ratio of 1.98 and a debt-to-equity ratio of 0.51. The company has a fifty day moving average of $186.03 and a two-hundred day moving average of $188.01. The firm has a market capitalization of $69.88 billion, a price-to-earnings ratio of 49.34, a PEG ratio of 3.10 and a beta of 1.01. Cintas Corporation has a 52 week low of $165.60 and a 52 week high of $229.24.

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

Cintas Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 15th will be paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Friday, May 15th. Cintas’s payout ratio is presently 50.85%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on CTAS shares. UBS Group restated a “buy” rating on shares of Cintas in a research report on Thursday, March 12th. Argus upgraded shares of Cintas to a “strong-buy” rating in a research report on Wednesday, January 21st. Bank of America started coverage on shares of Cintas in a research report on Tuesday, February 17th. They issued a “neutral” rating and a $215.00 price target on the stock. Stifel Nicolaus reduced their price target on shares of Cintas from $222.00 to $190.00 and set a “hold” rating on the stock in a research report on Thursday, March 26th. Finally, Weiss Ratings cut shares of Cintas from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, April 1st. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $215.17.

Insider Buying and Selling

In other Cintas news, Director Ronald W. Tysoe sold 4,666 shares of Cintas stock in a transaction on Monday, April 20th. The shares were sold at an average price of $178.87, for a total transaction of $834,607.42. Following the completion of the transaction, the director directly owned 22,448 shares of the company’s stock, valued at $4,015,273.76. The trade was a 17.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 14.90% of the stock is owned by insiders.

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.