Randolph Co Inc Sells 3,818 Shares of Cintas Corporation $CTAS

Randolph Co Inc trimmed its position in Cintas Corporation (NASDAQ:CTAS) by 2.2% during the 1st quarter, HoldingsChannel reports. The firm owned 172,435 shares of the business services provider’s stock after selling 3,818 shares during the quarter. Cintas accounts for about 2.8% of Randolph Co Inc’s investment portfolio, making the stock its 20th largest holding. Randolph Co Inc’s holdings in Cintas were worth $29,166,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of CTAS. KPP Advisory Services LLC boosted its holdings in shares of Cintas by 10.6% in the 1st quarter. KPP Advisory Services LLC now owns 3,586 shares of the business services provider’s stock worth $607,000 after purchasing an additional 345 shares during the period. Capital Asset Advisory Services LLC lifted its position in Cintas by 17.6% in the first quarter. Capital Asset Advisory Services LLC now owns 22,147 shares of the business services provider’s stock worth $3,957,000 after buying an additional 3,315 shares during the last quarter. USS Investment Management Ltd lifted its position in Cintas by 6.0% in the first quarter. USS Investment Management Ltd now owns 62,889 shares of the business services provider’s stock worth $10,635,000 after buying an additional 3,557 shares during the last quarter. IFM Investors Pty Ltd boosted its stake in Cintas by 3.0% during the first quarter. IFM Investors Pty Ltd now owns 73,611 shares of the business services provider’s stock worth $12,451,000 after buying an additional 2,130 shares during the period. Finally, iA Global Asset Management Inc. boosted its stake in Cintas by 6.9% during the first quarter. iA Global Asset Management Inc. now owns 53,424 shares of the business services provider’s stock worth $9,036,000 after buying an additional 3,460 shares during the period. Institutional investors own 63.46% of the company’s stock.

Cintas Trading Up 2.4%

NASDAQ CTAS opened at $174.23 on Thursday. 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 $69.71 billion, a PE ratio of 49.22, a PEG ratio of 2.71 and a beta of 0.94. The company’s 50-day moving average price is $172.51 and its 200-day moving average price is $183.05. Cintas Corporation has a 12 month low of $161.16 and a 12 month high of $226.75.

Cintas Announces Dividend

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

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Citigroup reduced their target price on shares of Cintas from $181.00 to $160.00 and set a “sell” rating on the stock in a research note on Tuesday, March 31st. Weiss Ratings cut shares of Cintas from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, June 17th. Bank of America reduced their price objective on shares of Cintas from $215.00 to $200.00 and set a “neutral” rating on the stock in a research report on Monday. Stifel Nicolaus decreased their price objective on shares of Cintas from $222.00 to $190.00 and set a “hold” rating for the company in a research note on Thursday, March 26th. Finally, Truist Financial dropped their target price on Cintas from $255.00 to $225.00 and set a “buy” rating for the company in a research report on Monday, June 15th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Cintas has a consensus rating of “Hold” and a consensus target price of $211.25.

Insider Buying and Selling at Cintas

In related news, Director Ronald W. Tysoe sold 4,666 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at $4,015,273.76. This represents a 17.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 14.90% of the stock is owned by insiders.

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.