Marsico Capital Management LLC Sells 11,268 Shares of Cintas Corporation $CTAS

Marsico Capital Management LLC lowered its holdings in shares of Cintas Corporation (NASDAQ:CTAS) by 12.4% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 79,932 shares of the business services provider’s stock after selling 11,268 shares during the period. Marsico Capital Management LLC’s holdings in Cintas were worth $15,033,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Nemes Rush Group LLC bought a new position in Cintas during the fourth quarter worth about $25,000. Camelot Portfolios LLC bought a new position in Cintas during the fourth quarter worth about $26,000. Key Capital Management INC bought a new position in Cintas during the fourth quarter worth about $28,000. Meeder Asset Management Inc. grew its holdings in Cintas by 226.7% during the fourth quarter. Meeder Asset Management Inc. now owns 147 shares of the business services provider’s stock worth $28,000 after purchasing an additional 102 shares during the period. Finally, Triumph Capital Management bought a new position in Cintas during the third quarter worth about $29,000. Institutional investors own 63.46% of the company’s stock.

Cintas Trading Up 0.8%

Shares of CTAS stock opened at $181.88 on Friday. The firm has a 50 day moving average price of $173.46 and a two-hundred day moving average price of $184.35. The company has a quick ratio of 1.74, a current ratio of 1.98 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $72.77 billion, a PE ratio of 51.38, a price-to-earnings-growth ratio of 2.87 and a beta of 0.94. Cintas Corporation has a 12-month low of $161.16 and a 12-month high of $226.75.

Cintas (NASDAQ:CTAS) last issued its quarterly earnings data on Wednesday, March 25th. The business services provider reported $1.24 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.24. The firm had revenue of $2.84 billion during the quarter, compared to the consensus estimate of $2.82 billion. Cintas had a net margin of 17.57% and a return on equity of 41.47%. The business’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same period last year, the business posted $1.13 earnings per share. As a group, analysts predict that Cintas Corporation will post 4.89 earnings per share for the current year.

Cintas Announces Dividend

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 given a dividend of $0.45 per share. The ex-dividend date is Friday, May 15th. This represents a $1.80 annualized dividend and a yield of 1.0%. Cintas’s dividend payout ratio (DPR) is 50.85%.

Insider Transactions at Cintas

In other news, Director Ronald W. Tysoe sold 4,666 shares of Cintas stock in a transaction that occurred on Monday, April 20th. The shares were sold at an average price of $178.87, for a total value of $834,607.42. Following the completion of the sale, the director directly owned 22,448 shares in the company, valued at approximately $4,015,273.76. The trade was a 17.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 14.90% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on CTAS shares. UBS Group reiterated a “buy” rating on shares of Cintas in a report on Thursday, March 12th. Citigroup reduced their price target on Cintas from $181.00 to $160.00 and set a “sell” rating for the company in a report on Tuesday, March 31st. Weiss Ratings cut Cintas from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, April 1st. Bank of America assumed coverage on Cintas in a report on Tuesday, February 17th. They set a “neutral” rating and a $215.00 price target for the company. Finally, Robert W. Baird upgraded shares of Cintas from a “neutral” rating to an “outperform” rating and set a $250.00 price objective for the company in a research report on Wednesday, March 11th. One research 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 assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $215.17.

About Cintas

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.