Insider Selling: Cintas Co. (NASDAQ:CTAS) Director Sells 2,291 Shares of Stock

Cintas Co. (NASDAQ:CTAS) Director Ronald W. Tysoe sold 2,291 shares of the business’s stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $693.95, for a total value of $1,589,839.45. Following the transaction, the director now owns 6,655 shares of the company’s stock, valued at approximately $4,618,237.25. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Cintas Price Performance

Shares of Cintas stock traded up $5.71 during trading on Thursday, hitting $696.25. 286,615 shares of the company’s stock traded hands, compared to its average volume of 351,269. The company has a market cap of $70.58 billion, a PE ratio of 48.08, a PEG ratio of 3.95 and a beta of 1.27. The firm’s fifty day moving average price is $656.06 and its 200 day moving average price is $603.17. Cintas Co. has a twelve month low of $458.00 and a twelve month high of $704.84. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.38 and a quick ratio of 2.03.

Cintas shares are scheduled to split on the morning of Thursday, September 12th. The 4-1 split was announced on Thursday, May 2nd. The newly issued shares will be distributed to shareholders after the closing bell on Wednesday, September 11th.

Cintas (NASDAQ:CTAS) last issued its earnings results on Wednesday, March 27th. The business services provider reported $3.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.58 by $0.26. The business had revenue of $2.41 billion during the quarter, compared to analysts’ expectations of $2.39 billion. Cintas had a return on equity of 37.19% and a net margin of 15.98%. Cintas’s quarterly revenue was up 9.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.14 EPS. Analysts forecast that Cintas Co. will post 14.95 earnings per share for the current year.

Cintas Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Wednesday, May 15th will be paid a $1.35 dividend. The ex-dividend date is Tuesday, May 14th. This represents a $5.40 annualized dividend and a dividend yield of 0.78%. Cintas’s dividend payout ratio is presently 37.29%.

Analyst Ratings Changes

Several equities analysts have commented on CTAS shares. Royal Bank of Canada raised their target price on shares of Cintas from $675.00 to $725.00 and gave the company an “outperform” rating in a research note on Thursday, March 28th. Oppenheimer reaffirmed a “market perform” rating on shares of Cintas in a research report on Monday, April 1st. Barclays boosted their price objective on Cintas from $630.00 to $700.00 and gave the stock an “overweight” rating in a research report on Thursday, February 29th. UBS Group lifted their price target on Cintas from $680.00 to $790.00 and gave the stock a “buy” rating in a research report on Thursday, March 28th. Finally, The Goldman Sachs Group increased their price objective on Cintas from $673.00 to $765.00 and gave the company a “buy” rating in a research report on Thursday, March 28th. Six analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $661.21.

Institutional Investors Weigh In On Cintas

Several large investors have recently made changes to their positions in the company. Janiczek Wealth Management LLC increased its position in Cintas by 113.0% in the 4th quarter. Janiczek Wealth Management LLC now owns 49 shares of the business services provider’s stock valued at $30,000 after acquiring an additional 26 shares in the last quarter. Rise Advisors LLC acquired a new position in Cintas during the 1st quarter worth $30,000. Catalyst Capital Advisors LLC boosted its position in Cintas by 33.9% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 75 shares of the business services provider’s stock valued at $36,000 after buying an additional 19 shares during the last quarter. Webster Bank N. A. acquired a new stake in shares of Cintas in the 1st quarter valued at $38,000. Finally, DSM Capital Partners LLC acquired a new position in shares of Cintas during the fourth quarter valued at $40,000. Institutional investors own 63.46% of the company’s stock.

Cintas Company Profile

Cintas Corporation provides 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.