Cintas Co. (NASDAQ:CTAS) Shares Sold by Frontier Capital Management Co. LLC

Frontier Capital Management Co. LLC trimmed its position in shares of Cintas Co. (NASDAQ:CTAS) by 5.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 184,710 shares of the business services provider’s stock after selling 11,534 shares during the period. Frontier Capital Management Co. LLC’s holdings in Cintas were worth $33,747,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. Sound Income Strategies LLC purchased a new position in shares of Cintas in the 4th quarter worth about $27,000. Cyrus J. Lawrence LLC purchased a new position in Cintas in the fourth quarter valued at approximately $29,000. Endeavor Private Wealth Inc. acquired a new position in Cintas during the fourth quarter valued at approximately $31,000. IAG Wealth Partners LLC grew its stake in Cintas by 136.8% during the fourth quarter. IAG Wealth Partners LLC now owns 180 shares of the business services provider’s stock worth $33,000 after buying an additional 104 shares during the period. Finally, Newbridge Financial Services Group Inc. purchased a new stake in shares of Cintas during the 4th quarter valued at about $34,000. 63.46% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts recently commented on CTAS shares. Truist Financial raised their target price on Cintas from $215.00 to $230.00 and gave the company a “buy” rating in a research report on Thursday, March 27th. Robert W. Baird lifted their price target on shares of Cintas from $200.00 to $227.00 and gave the company a “neutral” rating in a research report on Thursday, March 27th. Citigroup initiated coverage on shares of Cintas in a research report on Monday, February 24th. They set a “sell” rating and a $161.00 target price on the stock. Morgan Stanley raised their price objective on shares of Cintas from $195.00 to $213.00 and gave the stock an “equal weight” rating in a report on Thursday, March 27th. Finally, Bank of America started coverage on Cintas in a report on Thursday, April 10th. They set a “buy” rating and a $250.00 price objective for the company. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Cintas presently has an average rating of “Hold” and an average target price of $213.88.

Insider Buying and Selling at Cintas

In other news, COO Jim Rozakis sold 2,000 shares of Cintas stock in a transaction dated Monday, April 7th. The stock was sold at an average price of $190.37, for a total value of $380,740.00. Following the completion of the transaction, the chief operating officer now owns 256,528 shares of the company’s stock, valued at $48,835,235.36. The trade was a 0.77 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Ronald W. Tysoe sold 8,521 shares of the firm’s stock in a transaction that occurred on Monday, April 14th. The shares were sold at an average price of $208.96, for a total transaction of $1,780,548.16. Following the sale, the director now directly owns 27,029 shares of the company’s stock, valued at $5,647,979.84. This trade represents a 23.97 % decrease in their position. The disclosure for this sale can be found here. Insiders own 15.00% of the company’s stock.

Cintas Stock Down 0.1 %

Cintas stock opened at $214.96 on Friday. Cintas Co. has a 1-year low of $164.93 and a 1-year high of $228.12. The firm has a 50 day simple moving average of $202.72 and a 200 day simple moving average of $204.42. The company has a current ratio of 1.58, a quick ratio of 1.38 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $86.80 billion, a price-to-earnings ratio of 51.83, a P/E/G ratio of 3.98 and a beta of 1.09.

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

Cintas Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Thursday, May 15th will be issued a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 0.73%. The ex-dividend date of this dividend is Thursday, May 15th. Cintas’s dividend payout ratio (DPR) is currently 36.11%.

Cintas Company Profile

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.