Cintas Co. (NASDAQ:CTAS) COO Sells $914,309.78 in Stock

Cintas Co. (NASDAQ:CTAS) COO Jim Rozakis sold 1,318 shares of the business’s stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $693.71, for a total value of $914,309.78. Following the completion of the sale, the chief operating officer now owns 59,770 shares of the company’s stock, valued at $41,463,046.70. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Cintas Price Performance

CTAS stock traded up $5.71 during trading on Thursday, hitting $696.25. 286,615 shares of the stock traded hands, compared to its average volume of 351,269. The stock has a market cap of $70.58 billion, a price-to-earnings ratio of 48.08, a P/E/G ratio of 3.95 and a beta of 1.27. The company has a current ratio of 2.38, a quick ratio of 2.03 and a debt-to-equity ratio of 0.58. Cintas Co. has a one year low of $458.00 and a one year high of $704.84. The company has a 50 day simple moving average of $656.06 and a 200 day simple moving average of $603.17.

Cintas shares are going to split on Thursday, September 12th. The 4-1 split was announced on Thursday, May 2nd. The newly created shares will be distributed to shareholders after the market closes on Wednesday, September 11th.

Cintas (NASDAQ:CTAS) last posted its quarterly earnings data on Wednesday, March 27th. The business services provider reported $3.84 EPS for the quarter, topping analysts’ consensus estimates of $3.58 by $0.26. Cintas had a return on equity of 37.19% and a net margin of 15.98%. The company had revenue of $2.41 billion for the quarter, compared to analyst estimates of $2.39 billion. During the same quarter in the previous year, the firm earned $3.14 earnings per share. The business’s revenue was up 9.9% on a year-over-year basis. Equities analysts expect that Cintas Co. will post 14.95 EPS for the current fiscal year.

Cintas Dividend Announcement

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

Hedge Funds Weigh In On Cintas

A number of hedge funds and other institutional investors have recently bought and sold shares of CTAS. Norges Bank acquired a new position in Cintas during the fourth quarter valued at approximately $872,895,000. Clearbridge Investments LLC increased its holdings in Cintas by 475.7% during the 4th quarter. Clearbridge Investments LLC now owns 299,378 shares of the business services provider’s stock worth $180,423,000 after purchasing an additional 247,378 shares in the last quarter. Invesco Ltd. grew its stake in shares of Cintas by 17.4% during the 3rd quarter. Invesco Ltd. now owns 1,025,615 shares of the business services provider’s stock worth $493,331,000 after acquiring an additional 151,783 shares in the last quarter. American Century Companies Inc. increased its stake in Cintas by 40.7% in the 3rd quarter. American Century Companies Inc. now owns 488,574 shares of the business services provider’s stock valued at $235,009,000 after buying an additional 141,375 shares during the last quarter. Finally, Public Employees Retirement Association of Colorado grew its holdings in shares of Cintas by 711.1% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 152,516 shares of the business services provider’s stock valued at $91,915,000 after acquiring an additional 133,713 shares in the last quarter. 63.46% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Barclays lifted their target price on Cintas from $630.00 to $700.00 and gave the company an “overweight” rating in a research note on Thursday, February 29th. Bank of America increased their price objective on Cintas from $700.00 to $790.00 and gave the stock a “buy” rating in a report on Thursday, March 28th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Cintas from $629.00 to $726.00 and gave the stock a “hold” rating in a report on Thursday, March 28th. Truist Financial boosted their price target on shares of Cintas from $660.00 to $775.00 and gave the stock a “buy” rating in a research report on Thursday, March 28th. Finally, The Goldman Sachs Group raised their price objective on shares of Cintas from $673.00 to $765.00 and gave the company a “buy” rating in a research note on Thursday, March 28th. Six investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Cintas has a consensus rating of “Moderate Buy” and an average price target of $661.21.

About Cintas

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.