Cintas Corporation $CTAS Shares Sold by Dearborn Partners LLC

Dearborn Partners LLC lowered its position in Cintas Corporation (NASDAQ:CTAS) by 4.4% during the 4th quarter, Holdings Channel.com reports. The firm owned 134,359 shares of the business services provider’s stock after selling 6,253 shares during the quarter. Dearborn Partners LLC’s holdings in Cintas were worth $25,269,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the company. Nemes Rush Group LLC acquired a new position in shares of Cintas during the fourth quarter valued at approximately $25,000. Camelot Portfolios LLC acquired a new position in shares of Cintas during the fourth quarter valued at approximately $26,000. Key Capital Management INC acquired a new position in shares of Cintas during the 4th quarter valued at $28,000. Triumph Capital Management acquired a new position in shares of Cintas during the 3rd quarter valued at $29,000. Finally, Ares Financial Consulting LLC acquired a new position in shares of Cintas during the 4th quarter valued at $32,000. Institutional investors and hedge funds own 63.46% of the company’s stock.

Insider Activity

In other Cintas news, Director Ronald W. Tysoe sold 4,666 shares of Cintas 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 transaction, 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 position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 14.90% of the company’s stock.

Cintas Price Performance

NASDAQ CTAS opened at $179.85 on Friday. The stock has a market capitalization of $71.96 billion, a P/E ratio of 50.81, a P/E/G ratio of 2.86 and a beta of 0.94. Cintas Corporation has a 1 year low of $161.16 and a 1 year high of $229.24. The business’s fifty day moving average is $172.59 and its two-hundred day moving average is $184.49. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.74 and a current ratio of 1.98.

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

Cintas Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 15th will be issued a $0.45 dividend. The ex-dividend date of this dividend is Friday, May 15th. This represents a $1.80 annualized dividend and a dividend yield of 1.0%. Cintas’s dividend payout ratio is currently 50.85%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on CTAS shares. Citigroup lowered their price target on Cintas from $181.00 to $160.00 and set a “sell” rating on the stock in a research report on Tuesday, March 31st. Stifel Nicolaus lowered their price target on Cintas from $222.00 to $190.00 and set a “hold” rating on the stock in a research report on Thursday, March 26th. Robert W. Baird upgraded Cintas from a “neutral” rating to an “outperform” rating and set a $250.00 price target on the stock in a research report on Wednesday, March 11th. UBS Group reiterated a “buy” rating on shares of Cintas in a research report on Thursday, March 12th. Finally, Bank of America started coverage on Cintas in a research report on Tuesday, February 17th. They set a “neutral” rating and a $215.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $215.17.

Cintas Company Profile

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.