Securian Asset Management Inc. Has $1.75 Million Position in Cintas Corporation $CTAS

Securian Asset Management Inc. reduced its position in shares of Cintas Corporation (NASDAQ:CTAS) by 43.8% in the 4th quarter, Holdings Channel reports. The institutional investor owned 9,288 shares of the business services provider’s stock after selling 7,238 shares during the quarter. Securian Asset Management Inc.’s holdings in Cintas were worth $1,747,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its position in shares of Cintas by 2.7% during the third quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 99,876 shares of the business services provider’s stock worth $20,501,000 after buying an additional 2,628 shares during the period. First Trust Advisors LP boosted its position in shares of Cintas by 2.5% during the third quarter. First Trust Advisors LP now owns 413,665 shares of the business services provider’s stock worth $84,909,000 after buying an additional 10,249 shares during the period. Prana Capital Management LP acquired a new position in Cintas during the third quarter valued at approximately $14,312,000. Vanguard Group Inc. boosted its position in Cintas by 1.5% during the third 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 last quarter. Finally, Union Bancaire Privee UBP SA acquired a new position in Cintas during the fourth quarter valued at approximately $15,736,000. 63.46% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently commented on CTAS shares. Wells Fargo & Company raised Cintas from a “cautious” rating to an “overweight” rating and increased their price target for the company from $205.00 to $245.00 in a research report on Wednesday, January 14th. UBS Group reissued a “buy” rating on shares of Cintas in a research report on Thursday, March 12th. Robert W. Baird raised Cintas from a “neutral” rating to an “outperform” rating and set a $250.00 price target for the company in a research report on Wednesday, March 11th. Bank of America started coverage on Cintas in a research report on Tuesday, February 17th. They set a “neutral” rating and a $215.00 price target for the company. Finally, Argus raised Cintas to a “strong-buy” rating in a research report on Wednesday, January 21st. One investment 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’s stock. Based on data from MarketBeat.com, Cintas currently has an average rating of “Hold” and a consensus price target of $215.17.

Cintas Stock Down 1.4%

CTAS stock opened at $164.67 on Tuesday. The company has a current ratio of 1.98, a quick ratio of 1.74 and a debt-to-equity ratio of 0.51. The firm has a market capitalization of $65.88 billion, a PE ratio of 46.52, a PEG ratio of 2.94 and a beta of 0.96. Cintas Corporation has a 1-year low of $163.45 and a 1-year high of $229.24. The business’s 50 day simple moving average is $180.56 and its 200 day simple moving average is $186.44.

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, hitting analysts’ consensus estimates of $1.24. The business had revenue of $2.84 billion for the quarter, compared to analyst estimates of $2.82 billion. Cintas had a return on equity of 41.47% and a net margin of 17.57%.The firm’s revenue was up 8.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.13 EPS. As a group, research analysts anticipate 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 paid a dividend of $0.45 per share. The ex-dividend date is Friday, May 15th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.1%. Cintas’s dividend payout ratio (DPR) is 50.85%.

Insider Buying and Selling at Cintas

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

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.