Graham Capital Management L.P. Boosts Stock Holdings in Cintas Corporation $CTAS

Graham Capital Management L.P. increased its position in shares of Cintas Corporation (NASDAQ:CTASFree Report) by 490.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 35,285 shares of the business services provider’s stock after purchasing an additional 29,312 shares during the period. Graham Capital Management L.P.’s holdings in Cintas were worth $6,636,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Prana Capital Management LP purchased a new position in Cintas during the third quarter worth about $14,312,000. First Trust Advisors LP raised its holdings in Cintas by 2.5% during the third quarter. First Trust Advisors LP now owns 413,665 shares of the business services provider’s stock worth $84,909,000 after purchasing an additional 10,249 shares in the last quarter. Vanguard Group Inc. increased its holdings in Cintas by 1.5% in the third quarter. Vanguard Group Inc. now owns 38,948,620 shares of the business services provider’s stock valued at $7,994,594,000 after buying an additional 564,487 shares in the last quarter. Union Bancaire Privee UBP SA purchased a new position in Cintas in the fourth quarter valued at about $15,736,000. Finally, California Public Employees Retirement System increased its holdings in Cintas by 19.0% in the third quarter. California Public Employees Retirement System now owns 792,816 shares of the business services provider’s stock valued at $162,733,000 after buying an additional 126,845 shares in the last quarter. 63.46% of the stock is owned by hedge funds and other institutional investors.

Cintas Trading Up 1.1%

Shares of Cintas stock opened at $176.71 on Wednesday. Cintas Corporation has a 12-month low of $161.16 and a 12-month high of $226.75. The company has a current ratio of 1.98, a quick ratio of 1.74 and a debt-to-equity ratio of 0.51. The stock has a market cap of $70.70 billion, a PE ratio of 49.92, a price-to-earnings-growth ratio of 2.78 and a beta of 0.94. The company has a 50-day moving average of $173.60 and a two-hundred day moving average of $184.19.

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

Cintas Announces Dividend

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

Insider Buying and Selling at Cintas

In other news, Director Ronald W. Tysoe sold 4,666 shares of the firm’s 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 completion of the transaction, the director directly owned 22,448 shares of the company’s stock, valued at $4,015,273.76. This trade represents a 17.21% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 14.90% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

CTAS has been the subject of a number of research analyst reports. Robert W. Baird raised shares of Cintas from a “neutral” rating to an “outperform” rating and set a $250.00 target price for the company 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 target price for the company. Truist Financial dropped their target price on shares of Cintas from $255.00 to $225.00 and set a “buy” rating for the company in a report on Monday. Weiss Ratings cut shares of Cintas from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, April 1st. Finally, Citigroup dropped their target price on shares of Cintas from $181.00 to $160.00 and set a “sell” rating for the company in a report on Tuesday, March 31st. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Cintas currently has an average rating of “Hold” and an average target price of $215.92.

Get Our Latest Stock Analysis on Cintas

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.

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Institutional Ownership by Quarter for Cintas (NASDAQ:CTAS)

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