Cintas Corporation (NASDAQ:CTAS - Get Free Report) Director Ronald Tysoe sold 4,666 shares of the firm's 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 transaction, the director owned 22,448 shares of the company's stock, valued at approximately $4,015,273.76. This represents 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 hyperlink.
Cintas Stock Down 0.9%
CTAS stock opened at $174.66 on Thursday. 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 business has a 50 day moving average price of $186.03 and a two-hundred day moving average price of $188.01. The company has a market cap of $69.88 billion, a price-to-earnings ratio of 49.34, a P/E/G ratio of 3.10 and a beta of 1.01. Cintas Corporation has a twelve month low of $165.60 and a twelve month high of $229.24.
Cintas (NASDAQ:CTAS - Get Free Report) last posted its quarterly earnings results on Wednesday, March 25th. The business services provider reported $1.24 earnings per share for the quarter, meeting analysts' consensus estimates of $1.24. Cintas had a return on equity of 41.47% and a net margin of 17.57%.The firm had revenue of $2.84 billion during the quarter, compared to the consensus estimate of $2.82 billion. During the same period last year, the company earned $1.13 earnings per share. The business's revenue was up 8.9% compared to the same quarter last year. Analysts anticipate that Cintas Corporation will post 4.89 EPS for the current fiscal year.
Cintas Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, May 15th will be paid 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 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. UBS Group reiterated a "buy" rating on shares of Cintas in a research note on Thursday, March 12th. Citigroup reduced their target price on Cintas from $181.00 to $160.00 and set a "sell" rating for the company in a research note on Tuesday, March 31st. Bank of America initiated coverage on Cintas in a research note on Tuesday, February 17th. They set a "neutral" rating and a $215.00 target price for the company. Robert W. Baird upgraded Cintas from a "neutral" rating to an "outperform" rating and set a $250.00 price target for the company in a research note on Wednesday, March 11th. Finally, Argus upgraded Cintas to a "strong-buy" rating in a research note on Wednesday, January 21st. One equities 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 issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $215.17.
Read Our Latest Stock Report on Cintas
Institutional Trading of Cintas
Several institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in Cintas by 1.5% in the 3rd quarter. Vanguard Group Inc. now owns 38,948,620 shares of the business services provider's stock valued at $7,994,594,000 after purchasing an additional 564,487 shares during the period. State Street Corp raised its holdings in Cintas by 1.4% in the 4th quarter. State Street Corp now owns 15,311,491 shares of the business services provider's stock valued at $2,879,632,000 after acquiring an additional 210,477 shares in the last quarter. Geode Capital Management LLC raised its holdings in Cintas by 1.1% in the 4th quarter. Geode Capital Management LLC now owns 9,293,485 shares of the business services provider's stock valued at $1,746,453,000 after acquiring an additional 97,220 shares in the last quarter. Norges Bank acquired a new position in Cintas in the 4th quarter valued at $923,672,000. Finally, Morgan Stanley raised its holdings in Cintas by 0.8% in the 4th quarter. Morgan Stanley now owns 4,393,116 shares of the business services provider's stock valued at $826,214,000 after acquiring an additional 36,666 shares in the last quarter. 63.46% of the stock is currently owned by institutional investors.
Cintas Company Profile
(
Get Free Report)
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.
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