Blair William & Co. IL Has $187.13 Million Position in Cintas Corporation $CTAS

Blair William & Co. IL cut its stake in shares of Cintas Corporation (NASDAQ:CTASFree Report) by 1.1% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 995,017 shares of the business services provider’s stock after selling 10,938 shares during the period. Blair William & Co. IL’s holdings in Cintas were worth $187,133,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Nemes Rush Group LLC acquired a new stake in shares of Cintas during the 4th quarter valued at $25,000. Swiss RE Ltd. acquired a new position in shares of Cintas in the fourth quarter worth $25,000. Camelot Portfolios LLC acquired a new position in shares of Cintas in the fourth quarter worth $26,000. Key Capital Management INC purchased a new stake in shares of Cintas during the fourth quarter worth $28,000. Finally, Meeder Asset Management Inc. raised its holdings in shares of Cintas by 226.7% during the fourth quarter. Meeder Asset Management Inc. now owns 147 shares of the business services provider’s stock worth $28,000 after acquiring an additional 102 shares in the last quarter. Institutional investors and hedge funds own 63.46% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on CTAS. Stifel Nicolaus lowered their target price on Cintas from $222.00 to $190.00 and set a “hold” rating on the stock in a research note on Thursday, March 26th. Citigroup cut their price target on Cintas from $181.00 to $160.00 and set a “sell” rating for the company in a research note on Tuesday, March 31st. Truist Financial reduced their price target on Cintas from $255.00 to $225.00 and set a “buy” rating for the company in a report on Monday. Robert W. Baird raised Cintas from a “neutral” rating to an “outperform” rating and set a $250.00 price target for the company in a research note on Wednesday, March 11th. Finally, UBS Group restated a “buy” rating on shares of Cintas in a report on Thursday, March 12th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $215.92.

Check Out Our Latest Stock Report on Cintas

Insider Activity at Cintas

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

Cintas Price Performance

NASDAQ CTAS opened at $176.71 on Wednesday. Cintas Corporation has a fifty-two week low of $161.16 and a fifty-two week high of $226.75. The stock’s 50-day moving average is $173.60 and its two-hundred day moving average is $184.19. The firm has a market cap of $70.70 billion, a P/E ratio of 49.92, a price-to-earnings-growth ratio of 2.78 and a beta of 0.94. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.98 and a quick ratio of 1.74.

Cintas (NASDAQ:CTASGet Free Report) last issued its quarterly earnings data on Wednesday, March 25th. The business services provider reported $1.24 EPS for the quarter, meeting analysts’ consensus estimates of $1.24. Cintas had a return on equity of 41.47% and a net margin of 17.57%.The business had revenue of $2.84 billion for the quarter, compared to analyst estimates of $2.82 billion. During the same quarter in the prior year, the firm posted $1.13 EPS. The firm’s revenue for the quarter was up 8.9% on a year-over-year basis. On average, analysts anticipate that Cintas Corporation will post 4.89 earnings per share for the current fiscal year.

Cintas Dividend Announcement

The business also recently declared 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. This represents a $1.80 annualized dividend and a yield of 1.0%. The ex-dividend date was Friday, May 15th. Cintas’s dividend payout ratio (DPR) is 50.85%.

About Cintas

(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.

See Also

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Institutional Ownership by Quarter for Cintas (NASDAQ:CTAS)

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