Cintas Corporation $CTAS Shares Bought by Global Retirement Partners LLC

Global Retirement Partners LLC increased its stake in Cintas Corporation (NASDAQ:CTAS) by 66.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,070 shares of the business services provider’s stock after purchasing an additional 10,029 shares during the period. Global Retirement Partners LLC’s holdings in Cintas were worth $4,715,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the stock. Motco raised its position in Cintas by 0.6% during the 4th quarter. Motco now owns 27,827 shares of the business services provider’s stock worth $5,233,000 after buying an additional 157 shares during the last quarter. Burling Wealth Partners LLC raised its position in Cintas by 15.2% during the 4th quarter. Burling Wealth Partners LLC now owns 1,493 shares of the business services provider’s stock worth $281,000 after buying an additional 197 shares during the last quarter. Leonteq Securities AG purchased a new position in Cintas during the 4th quarter worth approximately $69,000. ABN Amro Investment Solutions raised its position in Cintas by 271.9% during the 4th quarter. ABN Amro Investment Solutions now owns 19,969 shares of the business services provider’s stock worth $3,756,000 after buying an additional 14,600 shares during the last quarter. Finally, IFP Advisors Inc raised its position in Cintas by 22.2% during the 4th quarter. IFP Advisors Inc now owns 8,986 shares of the business services provider’s stock worth $1,690,000 after buying an additional 1,633 shares during the last quarter. 63.46% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on CTAS shares. UBS Group reissued a “buy” rating on shares of Cintas in a research report on Thursday, March 12th. Stifel Nicolaus reduced their price target on shares of Cintas from $222.00 to $190.00 and set a “hold” rating for the company in a research report on Thursday, March 26th. Bank of America started coverage on shares of Cintas in a research report on Tuesday, February 17th. They set a “neutral” rating and a $215.00 price target for the company. Weiss Ratings lowered shares of Cintas from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, April 1st. Finally, Citigroup reduced their price target on shares of Cintas from $181.00 to $160.00 and set a “sell” rating for the company in a research report on Tuesday, March 31st. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Cintas has a consensus rating of “Hold” and a consensus target price of $215.17.

Cintas Price Performance

NASDAQ:CTAS opened at $172.36 on Friday. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.98 and a quick ratio of 1.74. The firm has a market cap of $68.96 billion, a price-to-earnings ratio of 48.69, a price-to-earnings-growth ratio of 3.02 and a beta of 0.96. The company has a 50 day moving average price of $175.44 and a 200-day moving average price of $185.37. Cintas Corporation has a 1-year low of $161.16 and a 1-year high of $229.24.

Cintas (NASDAQ:CTAS) last posted its earnings results on Wednesday, March 25th. The business services provider reported $1.24 earnings per share for the quarter, meeting the consensus estimate of $1.24. The firm 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%. The business’s quarterly revenue was up 8.9% on a year-over-year basis. During the same period in the previous year, the firm earned $1.13 EPS. Equities research analysts forecast that Cintas Corporation will post 4.89 EPS for the current year.

Cintas Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, May 15th will be issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend is Friday, May 15th. Cintas’s payout ratio is 50.85%.

Insider Buying and Selling 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 transaction of $834,607.42. Following the completion of the transaction, the director directly owned 22,448 shares of the company’s stock, valued at $4,015,273.76. The trade was a 17.21% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 14.90% of the stock is currently owned by company insiders.

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.