Randolph Co Inc Has $33.15 Million Stock Holdings in Cintas Corporation $CTAS

Randolph Co Inc cut its position in Cintas Corporation (NASDAQ:CTAS) by 33.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 176,253 shares of the business services provider’s stock after selling 89,777 shares during the period. Cintas accounts for approximately 3.2% of Randolph Co Inc’s investment portfolio, making the stock its 13th biggest holding. Randolph Co Inc’s holdings in Cintas were worth $33,148,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Triumph Capital Management acquired a new position in Cintas during the 3rd quarter valued at about $29,000. Camelot Portfolios LLC acquired a new position in Cintas during the 4th quarter valued at about $26,000. Key Capital Management INC acquired a new position in Cintas during the 4th quarter valued at about $28,000. Ares Financial Consulting LLC acquired a new position in Cintas during the 4th quarter valued at about $32,000. Finally, Basepoint Wealth LLC acquired a new position in Cintas during the 4th quarter valued at about $34,000. 63.46% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Cintas

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

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. UBS Group reiterated a “buy” rating on shares of Cintas in a research note on Thursday, March 12th. Weiss Ratings downgraded Cintas from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, April 1st. 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. Stifel Nicolaus cut their price target on Cintas from $222.00 to $190.00 and set a “hold” rating for the company in a research note on Thursday, March 26th. Finally, Robert W. Baird upgraded 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. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Cintas currently has an average rating of “Hold” and a consensus target price of $215.17.

Cintas Price Performance

Shares of NASDAQ CTAS opened at $179.96 on Friday. Cintas Corporation has a twelve month low of $161.16 and a twelve month high of $229.24. The stock’s 50 day moving average price is $172.53 and its 200-day moving average price is $184.52. The company has a market capitalization of $72.00 billion, a PE ratio of 50.84, a PEG ratio of 2.78 and a beta of 0.94. The company has a quick ratio of 1.74, a current ratio of 1.98 and a debt-to-equity ratio of 0.51.

Cintas (NASDAQ:CTAS) last announced its earnings results 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 return on equity of 41.47% and a net margin of 17.57%.The firm had revenue of $2.84 billion for the quarter, compared to the consensus estimate of $2.82 billion. During the same quarter in the previous year, the business earned $1.13 EPS. The company’s revenue was up 8.9% compared to the same quarter last year. On average, equities analysts anticipate that Cintas Corporation will post 4.89 EPS for the current year.

Cintas Dividend Announcement

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

About Cintas

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.