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Cintas Co. (NASDAQ:CTAS – Get Rating) CAO Michael Lawrence Thompson sold 14,795 shares of Cintas stock in a transaction on Thursday, January 12th. The stock was sold at an average price of $444.98, for a total transaction of $6,583,479.10. Following the sale, the chief accounting officer now owns 23,318 shares in the company, valued at approximately $10,376,043.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Cintas Stock Up 0.6 %
Shares of NASDAQ:CTAS traded up $2.69 during midday trading on Friday, reaching $448.92. The company had a trading volume of 460,117 shares, compared to its average volume of 391,769. The business’s 50 day moving average price is $448.95 and its 200 day moving average price is $420.80. Cintas Co. has a 1-year low of $343.86 and a 1-year high of $470.23. The company has a quick ratio of 1.53, a current ratio of 1.86 and a debt-to-equity ratio of 0.72. The stock has a market cap of $45.62 billion, a PE ratio of 36.38, a P/E/G ratio of 3.16 and a beta of 1.36.
Cintas (NASDAQ:CTAS – Get Rating) last announced its quarterly earnings data on Wednesday, December 21st. The business services provider reported $3.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.03 by $0.09. Cintas had a return on equity of 37.89% and a net margin of 15.35%. The company had revenue of $2.17 billion for the quarter, compared to analysts’ expectations of $2.13 billion. During the same quarter in the prior year, the business posted $2.76 EPS. The business’s revenue was up 13.1% compared to the same quarter last year. Research analysts forecast that Cintas Co. will post 12.68 EPS for the current fiscal year.
Cintas Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 15th. Stockholders of record on Wednesday, February 15th will be paid a dividend of $1.15 per share. The ex-dividend date of this dividend is Tuesday, February 14th. This represents a $4.60 annualized dividend and a dividend yield of 1.02%. Cintas’s dividend payout ratio is presently 37.43%.
Institutional Investors Weigh In On Cintas
A number of institutional investors and hedge funds have recently modified their holdings of the company. HWG Holdings LP bought a new stake in Cintas in the third quarter valued at approximately $27,000. Quent Capital LLC increased its holdings in shares of Cintas by 169.2% during the 3rd quarter. Quent Capital LLC now owns 70 shares of the business services provider’s stock worth $27,000 after acquiring an additional 44 shares during the last quarter. Asset Dedication LLC bought a new stake in Cintas in the 3rd quarter valued at $29,000. Investors Asset Management of Georgia Inc. GA ADV acquired a new stake in Cintas during the 2nd quarter valued at $37,000. Finally, Ronald Blue Trust Inc. bought a new position in Cintas during the second quarter worth $39,000. 61.92% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
A number of analysts recently weighed in on CTAS shares. Jefferies Financial Group reissued a “buy” rating and issued a $463.00 target price on shares of Cintas in a research note on Tuesday, October 25th. Royal Bank of Canada increased their target price on Cintas from $450.00 to $525.00 and gave the stock an “outperform” rating in a report on Monday, November 28th. The Goldman Sachs Group boosted their price target on Cintas from $495.00 to $530.00 in a research note on Wednesday, December 21st. Morgan Stanley increased their price objective on Cintas from $373.00 to $401.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 22nd. Finally, Robert W. Baird upped their target price on shares of Cintas from $475.00 to $500.00 in a report on Thursday, December 22nd. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $476.10.
Cintas Company Profile
(Get Rating)
Cintas Corporation provides 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.
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