ORG Wealth Partners LLC Increases Stock Position in Cintas Corporation (NASDAQ:CTAS)

ORG Wealth Partners LLC grew its stake in shares of Cintas Corporation (NASDAQ:CTAS) by 2.3% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 3,446 shares of the business services provider’s stock after buying an additional 76 shares during the period. ORG Wealth Partners LLC’s holdings in Cintas were worth $716,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. MJP Associates Inc. ADV grew its stake in shares of Cintas by 2.1% during the 4th quarter. MJP Associates Inc. ADV now owns 2,412 shares of the business services provider’s stock valued at $441,000 after buying an additional 50 shares during the period. TIAA Trust National Association boosted its position in Cintas by 1.0% during the 4th quarter. TIAA Trust National Association now owns 5,380 shares of the business services provider’s stock worth $983,000 after purchasing an additional 52 shares during the period. Wellspring Financial Advisors LLC boosted its position in Cintas by 4.6% during the 4th quarter. Wellspring Financial Advisors LLC now owns 1,171 shares of the business services provider’s stock worth $214,000 after purchasing an additional 52 shares during the period. Johnson Financial Group Inc. boosted its position in Cintas by 7.7% during the 4th quarter. Johnson Financial Group Inc. now owns 728 shares of the business services provider’s stock worth $146,000 after purchasing an additional 52 shares during the period. Finally, Portside Wealth Group LLC boosted its position in Cintas by 4.2% during the 1st quarter. Portside Wealth Group LLC now owns 1,314 shares of the business services provider’s stock worth $270,000 after purchasing an additional 53 shares during the period. 63.46% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Cintas

In other Cintas news, Director Ronald W. Tysoe sold 8,521 shares of the company’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 value of $1,780,548.16. Following the transaction, the director now owns 27,029 shares in the company, valued at approximately $5,647,979.84. This represents a 23.97% decrease in their position. The transaction was disclosed in a 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 that occurred on Monday, April 7th. The shares were sold at an average price of $190.37, for a total transaction of $380,740.00. Following the completion of the transaction, the chief operating officer now owns 256,528 shares in the company, valued at approximately $48,835,235.36. This represents a 0.77% decrease in their position. The disclosure for this sale can be found here. 15.00% of the stock is owned by insiders.

Analyst Ratings Changes

A number of brokerages recently weighed in on CTAS. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $240.00 price target (up from $215.00) on shares of Cintas in a research report on Monday, June 9th. Redburn Atlantic cut shares of Cintas from a “neutral” rating to a “sell” rating and set a $171.00 price target for the company. in a research report on Thursday, May 1st. UBS Group upped their price target on shares of Cintas from $218.00 to $240.00 and gave the stock a “buy” rating in a research report on Thursday, March 27th. Morgan Stanley boosted 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, Wells Fargo & Company boosted their price objective on shares of Cintas from $184.00 to $196.00 and gave the stock an “underweight” rating in a report on Thursday, March 27th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $215.81.

Cintas Stock Down 0.4%

CTAS stock opened at $220.42 on Thursday. Cintas Corporation has a 12 month low of $172.20 and a 12 month high of $229.24. The firm has a market cap of $89.00 billion, a PE ratio of 51.05, a P/E/G ratio of 3.45 and a beta of 1.07. The firm has a 50 day simple moving average of $216.63 and a 200 day simple moving average of $205.61. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.72 and a quick ratio of 1.50.

Cintas (NASDAQ:CTAS) last released its 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. Cintas had a net margin of 17.53% and a return on equity of 41.30%. The business had revenue of $2.61 billion during the quarter, compared to analyst estimates of $2.60 billion. During the same period in the prior year, the business earned $3.84 earnings per share. The business’s quarterly revenue was up 8.4% on a year-over-year basis. Equities research analysts forecast that Cintas Corporation will post 4.31 earnings per share for the current fiscal year.

Cintas Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Thursday, May 15th were given a $0.39 dividend. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $1.56 annualized dividend and a dividend yield of 0.71%. Cintas’s dividend payout ratio (DPR) is presently 36.11%.

Cintas 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.