Cintas Corporation (NASDAQ:CTAS) Director Ronald W. Tysoe Sells 5,084 Shares of Stock

Cintas Corporation (NASDAQ:CTAS) Director Ronald W. Tysoe sold 5,084 shares of the company’s stock in a transaction that occurred on Wednesday, July 30th. The shares were sold at an average price of $223.47, for a total value of $1,136,121.48. Following the completion of the transaction, the director directly owned 21,945 shares of the company’s stock, valued at approximately $4,904,049.15. This represents a 18.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Cintas Price Performance

Cintas stock opened at $221.50 on Friday. Cintas Corporation has a one year low of $180.78 and a one year high of $229.24. The business has a fifty day moving average price of $221.43 and a 200-day moving average price of $210.36. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.09 and a quick ratio of 1.82. The firm has a market capitalization of $89.26 billion, a P/E ratio of 50.23, a PEG ratio of 3.50 and a beta of 1.05.

Cintas (NASDAQ:CTAS) last posted its quarterly earnings results on Thursday, July 17th. The business services provider reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $1.07 by $0.02. Cintas had a return on equity of 41.21% and a net margin of 17.53%. The firm had revenue of $2.67 billion during the quarter, compared to analyst estimates of $2.63 billion. During the same period last year, the company earned $3.99 earnings per share. The business’s revenue for the quarter was up 8.0% on a year-over-year basis. As a group, equities research analysts forecast that Cintas Corporation will post 4.31 EPS for the current year.

Cintas Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Friday, August 15th will be issued a $0.45 dividend. The ex-dividend date of this dividend is Friday, August 15th. This is an increase from Cintas’s previous quarterly dividend of $0.39. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.8%. Cintas’s dividend payout ratio is 40.82%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on CTAS shares. The Goldman Sachs Group upped their target price on Cintas from $233.00 to $257.00 and gave the company a “buy” rating in a report on Wednesday, July 2nd. Robert W. Baird increased their price objective on Cintas from $227.00 to $230.00 and gave the company a “neutral” rating in a report on Friday, July 18th. JPMorgan Chase & Co. started coverage on Cintas in a report on Monday, July 14th. They set an “overweight” rating and a $239.00 price objective for the company. Redburn Atlantic lowered Cintas from a “neutral” rating to a “sell” rating and set a $171.00 price objective for the company. in a report on Thursday, May 1st. Finally, Bank of America started coverage on Cintas in a report on Thursday, April 10th. They set a “buy” rating and a $250.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $224.54.

Hedge Funds Weigh In On Cintas

A number of large investors have recently made changes to their positions in CTAS. WPG Advisers LLC bought a new stake in Cintas during the first quarter valued at $27,000. Saudi Central Bank bought a new stake in Cintas during the first quarter valued at $29,000. Meeder Asset Management Inc. boosted its stake in Cintas by 239.3% during the fourth quarter. Meeder Asset Management Inc. now owns 190 shares of the business services provider’s stock valued at $35,000 after buying an additional 134 shares during the period. Stone House Investment Management LLC bought a new stake in Cintas during the first quarter valued at $41,000. Finally, Resources Management Corp CT ADV bought a new stake in Cintas during the first quarter valued at $41,000. 63.46% of the stock is owned by institutional investors.

About Cintas

Cintas Corporation engages in the provision of 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.