Insider Selling: Cintas Co. (NASDAQ:CTAS) Director Sells $1,780,548.16 in Stock

Cintas Co. (NASDAQ:CTAS) Director Ronald W. Tysoe sold 8,521 shares of the business’s stock in a transaction on Monday, April 14th. The stock was sold at an average price of $208.96, for a total value of $1,780,548.16. Following the completion of the transaction, the director now owns 27,029 shares of the company’s stock, valued at $5,647,979.84. This represents a 23.97 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Cintas Stock Up 0.5 %

Shares of CTAS stock opened at $205.76 on Friday. The company’s fifty day simple moving average is $201.42 and its two-hundred day simple moving average is $204.33. Cintas Co. has a 52 week low of $162.16 and a 52 week high of $228.12. The stock has a market cap of $83.08 billion, a P/E ratio of 49.61, a PEG ratio of 3.98 and a beta of 1.20. The company has a quick ratio of 1.38, a current ratio of 1.58 and a debt-to-equity ratio of 0.47.

Cintas (NASDAQ:CTAS) last released its quarterly earnings results on Wednesday, March 26th. The business services provider reported $1.13 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.08. The business had revenue of $2.61 billion during the quarter, compared to analysts’ expectations of $2.60 billion. Cintas had a return on equity of 40.62% and a net margin of 17.23%. The firm’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same quarter last year, the business posted $3.84 EPS. Analysts predict that Cintas Co. will post 4.31 EPS for the current fiscal year.

Cintas Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Thursday, May 15th will be paid a $0.39 dividend. The ex-dividend date is Thursday, May 15th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.76%. Cintas’s payout ratio is currently 36.11%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. MJP Associates Inc. ADV increased its stake in Cintas by 2.1% during the fourth quarter. MJP Associates Inc. ADV now owns 2,412 shares of the business services provider’s stock worth $441,000 after acquiring an additional 50 shares during the last quarter. Guardian Wealth Advisors LLC increased its position in shares of Cintas by 3.1% during the 4th quarter. Guardian Wealth Advisors LLC now owns 1,741 shares of the business services provider’s stock valued at $318,000 after purchasing an additional 52 shares during the last quarter. MGB Wealth Management LLC raised its holdings in Cintas by 0.7% during the 4th quarter. MGB Wealth Management LLC now owns 7,248 shares of the business services provider’s stock valued at $1,328,000 after buying an additional 52 shares during the period. TIAA Trust National Association lifted its position in Cintas by 1.0% in the fourth quarter. TIAA Trust National Association now owns 5,380 shares of the business services provider’s stock worth $983,000 after buying an additional 52 shares during the last quarter. Finally, Wellspring Financial Advisors LLC boosted its stake in Cintas by 4.6% during the fourth quarter. Wellspring Financial Advisors LLC now owns 1,171 shares of the business services provider’s stock worth $214,000 after buying an additional 52 shares during the period. Institutional investors own 63.46% of the company’s stock.

Analyst Upgrades and Downgrades

CTAS has been the topic of several research analyst reports. Wells Fargo & Company upped their target price on shares of Cintas from $184.00 to $196.00 and gave the company an “underweight” rating in a research note on Thursday, March 27th. Truist Financial boosted their price objective on shares of Cintas from $215.00 to $230.00 and gave the company a “buy” rating in a research report on Thursday, March 27th. Citigroup started coverage on Cintas in a research report on Monday, February 24th. They set a “sell” rating and a $161.00 target price on the stock. UBS Group upped their price target on Cintas from $218.00 to $240.00 and gave the stock a “buy” rating in a research report on Thursday, March 27th. Finally, Robert W. Baird lifted their price objective on Cintas from $200.00 to $227.00 and gave the company a “neutral” rating in a research report on Thursday, March 27th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, Cintas has a consensus rating of “Hold” and an average target price of $213.62.

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.