Prossimo Advisors LLC Buys Shares of 3,296 Cintas Corporation $CTAS

Prossimo Advisors LLC acquired a new stake in shares of Cintas Corporation (NASDAQ:CTAS) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 3,296 shares of the business services provider’s stock, valued at approximately $620,000. Cintas makes up about 4.0% of Prossimo Advisors LLC’s investment portfolio, making the stock its 7th largest position.

Several other institutional investors also recently bought and sold shares of the business. Camelot Portfolios LLC bought a new position in Cintas in the fourth quarter worth approximately $26,000. Key Capital Management INC bought a new position in shares of Cintas in the 4th quarter worth $28,000. Triumph Capital Management bought a new position in shares of Cintas in the 3rd quarter worth $29,000. Ares Financial Consulting LLC purchased a new stake in shares of Cintas during the 4th quarter worth $32,000. Finally, Aventura Private Wealth LLC bought a new stake in Cintas during the fourth quarter valued at about $34,000. 63.46% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CTAS has been the subject of a number of recent research reports. Argus upgraded shares of Cintas to a “strong-buy” rating in a report on Wednesday, January 21st. UBS Group restated a “buy” rating on shares of Cintas in a report on Thursday, March 12th. Weiss Ratings downgraded shares of Cintas from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, April 1st. Citigroup decreased their target price on shares of Cintas from $181.00 to $160.00 and set a “sell” rating for the company in a research report on Tuesday, March 31st. Finally, Robert W. Baird raised shares of Cintas from a “neutral” rating to an “outperform” rating and set a $250.00 price target on the stock in a report on Wednesday, March 11th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Cintas has a consensus rating of “Hold” and an average price target of $215.17.

Insider Buying and Selling at Cintas

In related news, Director Ronald W. Tysoe sold 4,666 shares of the business’s stock in a transaction 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 directly owned 22,448 shares in the company, valued at $4,015,273.76. The trade was a 17.21% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 14.90% of the stock is currently owned by company insiders.

Cintas Stock Performance

Shares of CTAS stock opened at $174.51 on Tuesday. Cintas Corporation has a 52-week low of $161.16 and a 52-week high of $229.24. 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 stock has a market cap of $69.82 billion, a PE ratio of 49.30, a price-to-earnings-growth ratio of 2.96 and a beta of 0.96. The business has a 50-day simple moving average of $177.14 and a 200-day simple moving average of $185.62.

Cintas (NASDAQ:CTAS) last posted its earnings results on Wednesday, March 25th. The business services provider reported $1.24 EPS for the quarter, hitting the consensus estimate 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 for the quarter, compared to analyst estimates of $2.82 billion. During the same period last year, the company earned $1.13 earnings per share. Cintas’s revenue for the quarter was up 8.9% compared to the same quarter last year. On average, equities analysts expect that Cintas Corporation will post 4.89 EPS for the current year.

Cintas Announces Dividend

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 issued 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 of this dividend is Friday, May 15th. Cintas’s payout ratio is 50.85%.

Cintas 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.