Cintas Corporation $CTAS Shares Sold by Kohmann Bosshard Financial Services LLC

Kohmann Bosshard Financial Services LLC reduced its position in shares of Cintas Corporation (NASDAQ:CTAS) by 98.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 360 shares of the business services provider’s stock after selling 25,000 shares during the period. Kohmann Bosshard Financial Services LLC’s holdings in Cintas were worth $61,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in CTAS. Nemes Rush Group LLC purchased a new position in shares of Cintas in the fourth quarter valued at approximately $25,000. First United Bank & Trust purchased a new stake in shares of Cintas during the first quarter worth approximately $25,000. Swiss RE Ltd. purchased a new stake in shares of Cintas during the fourth quarter worth approximately $25,000. Camelot Portfolios LLC purchased a new stake in shares of Cintas during the fourth quarter worth approximately $26,000. Finally, Kemnay Advisory Services Inc. acquired a new position in Cintas in the 4th quarter valued at $26,000. Institutional investors and hedge funds own 63.46% of the company’s stock.

Cintas Price Performance

CTAS stock opened at $170.08 on Wednesday. Cintas Corporation has a 1 year low of $161.16 and a 1 year high of $226.75. 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 capitalization of $68.05 billion, a PE ratio of 48.05, a price-to-earnings-growth ratio of 2.69 and a beta of 0.94. The business has a 50 day simple moving average of $172.60 and a 200-day simple moving average of $183.15.

Cintas Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Friday, May 15th were paid a dividend of $0.45 per share. The ex-dividend date of this dividend was Friday, May 15th. This represents a $1.80 dividend on an annualized basis and a yield of 1.1%. Cintas’s payout ratio is 50.85%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on CTAS shares. Citigroup decreased their price objective on Cintas from $181.00 to $160.00 and set a “sell” rating on the stock in a report on Tuesday, March 31st. Truist Financial dropped their target price on shares of Cintas from $255.00 to $225.00 and set a “buy” rating for the company in a report on Monday, June 15th. Stifel Nicolaus reduced their target price 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 reduced their target price on shares of Cintas from $215.00 to $200.00 and set a “neutral” rating for the company in a research report on Monday. Finally, UBS Group reissued a “buy” rating on shares of Cintas in a research note on Thursday, March 12th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $214.77.

Insider Transactions at Cintas

In other Cintas news, Director Ronald W. Tysoe sold 4,666 shares of the company’s stock in a transaction on Monday, April 20th. The stock was sold at an average price of $178.87, for a total value of $834,607.42. Following the completion of the sale, the director directly owned 22,448 shares in the company, valued at $4,015,273.76. This represents a 17.21% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 14.90% of the stock is currently owned by insiders.

About Cintas

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.