STF Management LP Sells 3,861 Shares of Cintas Corporation $CTAS

STF Management LP lowered its position in Cintas Corporation (NASDAQ:CTAS) by 63.8% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 2,192 shares of the business services provider’s stock after selling 3,861 shares during the period. STF Management LP’s holdings in Cintas were worth $412,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in CTAS. Richardson Financial Services Inc. increased its stake in shares of Cintas by 1.1% in the 4th quarter. Richardson Financial Services Inc. now owns 5,058 shares of the business services provider’s stock valued at $951,000 after acquiring an additional 54 shares in the last quarter. Mather Group LLC. increased its stake in shares of Cintas by 1.4% in the 4th quarter. Mather Group LLC. now owns 4,381 shares of the business services provider’s stock valued at $824,000 after acquiring an additional 59 shares in the last quarter. Woodward Diversified Capital LLC increased its stake in shares of Cintas by 4.8% in the 4th quarter. Woodward Diversified Capital LLC now owns 1,288 shares of the business services provider’s stock valued at $242,000 after acquiring an additional 59 shares in the last quarter. Oakworth Capital Inc. increased its stake in shares of Cintas by 4.8% in the 3rd quarter. Oakworth Capital Inc. now owns 1,300 shares of the business services provider’s stock valued at $267,000 after acquiring an additional 60 shares in the last quarter. Finally, Atlas Legacy Advisors LLC increased its stake in shares of Cintas by 4.1% in the 3rd quarter. Atlas Legacy Advisors LLC now owns 1,560 shares of the business services provider’s stock valued at $320,000 after acquiring an additional 62 shares in the last quarter. Institutional investors own 63.46% of the company’s stock.

Cintas Stock Performance

Shares of CTAS stock opened at $168.31 on Friday. The firm has a market capitalization of $67.34 billion, a PE ratio of 47.55, a price-to-earnings-growth ratio of 2.96 and a beta of 0.96. The firm has a fifty day simple moving average of $177.74 and a two-hundred day simple moving average of $185.75. The company has a current ratio of 1.98, a quick ratio of 1.74 and a debt-to-equity ratio of 0.51. Cintas Corporation has a 12 month low of $161.16 and a 12 month high of $229.24.

Cintas (NASDAQ:CTAS) last announced its quarterly earnings results on Wednesday, March 25th. The business services provider reported $1.24 EPS for the quarter, meeting analysts’ consensus estimates of $1.24. The business had revenue of $2.84 billion during the quarter, compared to analyst estimates of $2.82 billion. Cintas had a net margin of 17.57% and a return on equity of 41.47%. Cintas’s quarterly revenue was up 8.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.13 EPS. Analysts forecast that Cintas Corporation will post 4.89 EPS for the current fiscal year.

Cintas Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 15th will be issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Friday, May 15th. Cintas’s payout ratio is currently 50.85%.

Analyst Upgrades and Downgrades

CTAS has been the subject of several research analyst reports. Bank of America initiated coverage on shares of Cintas in a research note on Tuesday, February 17th. They issued a “neutral” rating and a $215.00 price objective for the company. Weiss Ratings lowered Cintas from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, April 1st. Citigroup decreased their target price on Cintas from $181.00 to $160.00 and set a “sell” rating for the company in a research report on Tuesday, March 31st. Argus raised Cintas to a “strong-buy” rating in a research report on Wednesday, January 21st. Finally, Robert W. Baird raised Cintas from a “neutral” rating to an “outperform” rating and set a $250.00 target price for the company in a research report on Wednesday, March 11th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Cintas has a consensus rating of “Hold” and an average target price of $215.17.

Insider Buying and Selling

In other Cintas news, Director Ronald W. Tysoe sold 4,666 shares of the business’s stock in a transaction that occurred on Monday, April 20th. The stock was sold at an average price of $178.87, for a total transaction of $834,607.42. Following the completion of the sale, the director directly owned 22,448 shares of the company’s stock, valued at approximately $4,015,273.76. The trade was a 17.21% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 14.90% of the company’s stock.

Cintas Company Profile

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.