Cintas Corporation $CTAS Shares Bought by Cynosure Group LLC

Cynosure Group LLC raised its position in Cintas Corporation (NASDAQ:CTASFree Report) by 219.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,304 shares of the business services provider’s stock after purchasing an additional 3,643 shares during the quarter. Cynosure Group LLC’s holdings in Cintas were worth $998,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of CTAS. Nemes Rush Group LLC acquired a new position in Cintas in the 4th quarter valued at about $25,000. Swiss RE Ltd. acquired a new position in Cintas in the 4th quarter valued at about $25,000. Camelot Portfolios LLC acquired a new position in Cintas in the 4th quarter valued at about $26,000. Key Capital Management INC acquired a new position in Cintas in the 4th quarter valued at about $28,000. Finally, Meeder Asset Management Inc. boosted its holdings in Cintas by 226.7% in the 4th quarter. Meeder Asset Management Inc. now owns 147 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 102 shares during the last quarter. 63.46% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. Robert W. Baird upgraded shares of Cintas from a “neutral” rating to an “outperform” rating and set a $250.00 target price on the stock in a report on Wednesday, March 11th. Bank of America initiated coverage on shares of Cintas in a report on Tuesday, February 17th. They issued a “neutral” rating and a $215.00 price objective on the stock. UBS Group restated a “buy” rating on shares of Cintas in a report on Thursday, March 12th. Truist Financial decreased their price objective on shares of Cintas from $255.00 to $225.00 and set a “buy” rating on the stock in a report on Monday. Finally, Weiss Ratings lowered shares of Cintas from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, April 1st. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Cintas currently has a consensus rating of “Hold” and an average target price of $215.92.

View Our Latest Stock Analysis on Cintas

Insider Transactions at Cintas

In other Cintas news, Director Ronald W. Tysoe sold 4,666 shares of the stock in a transaction that occurred 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 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 transaction 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 company insiders.

Cintas Price Performance

Cintas stock opened at $174.74 on Tuesday. The firm has a market cap of $69.91 billion, a PE ratio of 49.36, a price-to-earnings-growth ratio of 2.80 and a beta of 0.94. Cintas Corporation has a 52-week low of $161.16 and a 52-week high of $226.75. 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’s 50 day moving average is $173.56 and its two-hundred day moving average is $184.24.

Cintas (NASDAQ:CTASGet Free Report) last released its earnings results on Wednesday, March 25th. The business services provider reported $1.24 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.24. The company had revenue of $2.84 billion for 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%. The firm’s quarterly revenue was up 8.9% on a year-over-year basis. During the same period in the prior year, the business earned $1.13 EPS. On average, research analysts expect that Cintas Corporation will post 4.89 EPS for the current fiscal year.

Cintas Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Friday, May 15th were issued a dividend of $0.45 per share. The ex-dividend date was Friday, May 15th. This represents a $1.80 dividend on an annualized basis and a yield of 1.0%. Cintas’s dividend payout ratio is 50.85%.

Cintas Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Cintas (NASDAQ:CTAS)

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