Cintas Co. (NASDAQ:CTAS) Shares Sold by Dohj LLC

Dohj LLC trimmed its holdings in Cintas Co. (NASDAQ:CTAS) by 5.0% in the second quarter, Holdings Channel.com reports. The institutional investor owned 5,985 shares of the business services provider’s stock after selling 316 shares during the quarter. Cintas makes up 1.2% of Dohj LLC’s holdings, making the stock its 23rd biggest holding. Dohj LLC’s holdings in Cintas were worth $2,286,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Principal Financial Group Inc. boosted its stake in shares of Cintas by 2.6% in the second quarter. Principal Financial Group Inc. now owns 117,362 shares of the business services provider’s stock valued at $44,833,000 after purchasing an additional 2,982 shares during the period. Cibc World Markets Corp lifted its stake in Cintas by 665.5% in the second quarter. Cibc World Markets Corp now owns 95,165 shares of the business services provider’s stock worth $36,353,000 after acquiring an additional 82,734 shares during the last quarter. Toronto Dominion Bank lifted its stake in Cintas by 10.8% in the second quarter. Toronto Dominion Bank now owns 55,236 shares of the business services provider’s stock worth $21,099,000 after acquiring an additional 5,382 shares during the last quarter. Argent Capital Management LLC lifted its stake in Cintas by 5.8% in the second quarter. Argent Capital Management LLC now owns 13,628 shares of the business services provider’s stock worth $5,206,000 after acquiring an additional 747 shares during the last quarter. Finally, Skandinaviska Enskilda Banken AB publ lifted its stake in Cintas by 12.4% in the second quarter. Skandinaviska Enskilda Banken AB publ now owns 27,138 shares of the business services provider’s stock worth $10,367,000 after acquiring an additional 2,986 shares during the last quarter. Institutional investors and hedge funds own 63.62% of the company’s stock.

Shares of CTAS stock traded down $0.40 on Wednesday, reaching $395.71. 6,418 shares of the stock were exchanged, compared to its average volume of 424,221. The stock has a market cap of $40.75 billion, a PE ratio of 38.86, a P/E/G ratio of 3.95 and a beta of 1.50. Cintas Co. has a one year low of $307.65 and a one year high of $409.80. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.47 and a quick ratio of 1.22. The stock has a 50 day moving average price of $391.26 and a 200 day moving average price of $366.20.

Cintas (NASDAQ:CTAS) last posted its earnings results on Wednesday, July 14th. The business services provider reported $2.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.30 by $0.17. The firm had revenue of $1.84 billion during the quarter, compared to analysts’ expectations of $1.82 billion. Cintas had a return on equity of 30.22% and a net margin of 15.61%. The company’s revenue was up 13.3% on a year-over-year basis. During the same period in the previous year, the firm earned $1.35 earnings per share. On average, research analysts expect that Cintas Co. will post 10.69 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 15th. Investors of record on Friday, August 13th will be issued a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a yield of 0.96%. The ex-dividend date of this dividend is Thursday, August 12th. This is a positive change from Cintas’s previous quarterly dividend of $0.75. Cintas’s dividend payout ratio is presently 37.11%.

A number of analysts have weighed in on CTAS shares. The Goldman Sachs Group raised their price objective on shares of Cintas from $387.00 to $411.00 and gave the stock a “buy” rating in a report on Tuesday, June 22nd. Argus boosted their target price on shares of Cintas from $390.00 to $410.00 and gave the stock a “buy” rating in a research report on Tuesday, July 20th. Barclays boosted their price objective on shares of Cintas from $405.00 to $415.00 and gave the stock an “overweight” rating in a research report on Friday, July 16th. Credit Suisse Group boosted their price objective on shares of Cintas from $350.00 to $375.00 and gave the stock a “neutral” rating in a research report on Friday, July 16th. Finally, Morgan Stanley upped their price objective on shares of Cintas from $333.00 to $353.00 and gave the company an “equal weight” rating in a research note on Friday, July 16th. Five investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $400.44.

In other Cintas news, SVP Thomas E. Frooman sold 16,904 shares of the company’s stock in a transaction that occurred on Thursday, July 29th. The stock was sold at an average price of $392.46, for a total value of $6,634,143.84. Following the sale, the senior vice president now owns 96,357 shares in the company, valued at $37,816,268.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 15.80% of the company’s stock.

About Cintas

Cintas Corp. engages in the provision of corporate identity uniform through rental and sales programs. It operates through the following segments: Uniform Rental and Facility Services, First Aid and Safety Services, and All Other. The Uniform Rental and Facility Services segment consists of rental and servicing of uniforms and other garments including flame resistant clothing, mats, mops and shop towels, and other ancillary items.

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Institutional Ownership by Quarter for Cintas (NASDAQ:CTAS)

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