Godsey & Gibb Inc. Sells 3,450 Shares of Cintas Co. (NASDAQ:CTAS)

Godsey & Gibb Inc. lessened its holdings in shares of Cintas Co. (NASDAQ:CTAS) by 2.7% during the 1st quarter, Holdings Channel reports. The firm owned 123,266 shares of the business services provider’s stock after selling 3,450 shares during the period. Cintas makes up about 2.5% of Godsey & Gibb Inc.’s holdings, making the stock its 10th biggest position. Godsey & Gibb Inc.’s holdings in Cintas were worth $25,335,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in CTAS. JPMorgan Chase & Co. grew its position in shares of Cintas by 137.5% during the third quarter. JPMorgan Chase & Co. now owns 2,222,527 shares of the business services provider’s stock worth $457,574,000 after acquiring an additional 1,286,668 shares during the last quarter. Brighton Jones LLC boosted its position in shares of Cintas by 9.3% in the 4th quarter. Brighton Jones LLC now owns 1,268 shares of the business services provider’s stock worth $232,000 after buying an additional 108 shares in the last quarter. Choreo LLC grew its stake in Cintas by 43.5% in the 4th quarter. Choreo LLC now owns 9,677 shares of the business services provider’s stock valued at $1,777,000 after acquiring an additional 2,934 shares during the last quarter. YANKCOM Partnership acquired a new stake in Cintas in the 4th quarter valued at about $107,000. Finally, Consolidated Portfolio Review Corp acquired a new position in Cintas in the 4th quarter valued at about $581,000. Institutional investors and hedge funds own 63.46% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on CTAS. Royal Bank of Canada reissued a “sector perform” rating and issued a $215.00 target price on shares of Cintas in a research note on Thursday, March 27th. Bank of America assumed coverage on shares of Cintas in a research report on Thursday, April 10th. They set a “buy” rating and a $250.00 target price for the company. Truist Financial increased their target price on shares of Cintas from $215.00 to $230.00 and gave the stock a “buy” rating in a research report on Thursday, March 27th. Redburn Atlantic cut Cintas from a “neutral” rating to a “sell” rating and set a $171.00 price target for the company. in a report on Thursday, May 1st. Finally, Robert W. Baird upped their price target on Cintas from $200.00 to $227.00 and gave the stock a “neutral” rating in a report on Thursday, March 27th. Three analysts have rated the stock with a sell rating, six have given a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Cintas presently has an average rating of “Hold” and an average target price of $213.88.

Insider Transactions at Cintas

In other Cintas news, Director Ronald W. Tysoe sold 8,521 shares of the stock in a transaction dated 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 sale, the director now directly owns 27,029 shares in the company, valued at $5,647,979.84. This represents a 23.97% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Jim Rozakis sold 2,000 shares of the company’s 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 transaction, the chief operating officer now directly owns 256,528 shares of the company’s stock, valued at $48,835,235.36. This represents a 0.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. 15.00% of the stock is currently owned by corporate insiders.

Cintas Stock Performance

CTAS opened at $227.66 on Friday. The stock has a market cap of $91.93 billion, a PE ratio of 54.89, a P/E/G ratio of 3.98 and a beta of 1.07. The company has a current ratio of 1.58, a quick ratio of 1.38 and a debt-to-equity ratio of 0.47. Cintas Co. has a 1 year low of $169.46 and a 1 year high of $229.24. The stock’s 50 day simple moving average is $212.71 and its 200-day simple moving average is $205.66.

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

Cintas Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Thursday, May 15th will be given a dividend of $0.39 per share. The ex-dividend date is Thursday, May 15th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.69%. Cintas’s payout ratio is currently 36.11%.

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.