Cintas Co. (NASDAQ:CTAS) Shares Sold by Blair William & Co. IL

Blair William & Co. IL lessened its stake in shares of Cintas Co. (NASDAQ:CTAS) by 3.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 260,480 shares of the business services provider’s stock after selling 9,290 shares during the quarter. Blair William & Co. IL owned about 0.26% of Cintas worth $182,404,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Nisa Investment Advisors LLC lifted its position in Cintas by 2.2% in the second quarter. Nisa Investment Advisors LLC now owns 39,097 shares of the business services provider’s stock valued at $27,378,000 after acquiring an additional 838 shares during the last quarter. QRG Capital Management Inc. lifted its holdings in shares of Cintas by 111.5% in the 2nd quarter. QRG Capital Management Inc. now owns 7,355 shares of the business services provider’s stock valued at $5,151,000 after purchasing an additional 3,878 shares during the last quarter. Thoroughbred Financial Services LLC boosted its position in shares of Cintas by 105.7% in the 2nd quarter. Thoroughbred Financial Services LLC now owns 5,020 shares of the business services provider’s stock valued at $3,515,000 after purchasing an additional 2,580 shares during the period. Journey Advisory Group LLC grew its stake in Cintas by 17.1% during the 2nd quarter. Journey Advisory Group LLC now owns 6,442 shares of the business services provider’s stock worth $4,511,000 after buying an additional 940 shares during the last quarter. Finally, Bensler LLC increased its position in Cintas by 4.7% during the second quarter. Bensler LLC now owns 14,349 shares of the business services provider’s stock worth $10,048,000 after buying an additional 646 shares during the period. Institutional investors and hedge funds own 63.46% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. StockNews.com raised Cintas from a “hold” rating to a “buy” rating in a report on Friday, June 14th. Royal Bank of Canada cut shares of Cintas from an “outperform” rating to a “sector perform” rating and set a $181.25 price target for the company. in a research note on Monday, July 15th. UBS Group lifted their price objective on shares of Cintas from $197.50 to $218.50 and gave the company a “buy” rating in a research note on Friday, July 19th. Stifel Nicolaus increased their target price on shares of Cintas from $166.75 to $199.50 and gave the stock a “hold” rating in a research note on Friday, July 19th. Finally, Morgan Stanley boosted their price target on Cintas from $143.75 to $156.25 and gave the company an “equal weight” rating in a research report on Friday, July 19th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $186.30.

Insider Buying and Selling

In other Cintas news, Director Gerald S. Adolph sold 4,400 shares of the stock in a transaction dated Wednesday, July 24th. The shares were sold at an average price of $191.43, for a total value of $842,292.00. Following the completion of the transaction, the director now directly owns 125,808 shares of the company’s stock, valued at $24,083,425.44. The sale was disclosed in a filing with the SEC, which is available at this link. 15.10% of the stock is owned by insiders.

Cintas Stock Performance

NASDAQ CTAS opened at $203.77 on Wednesday. The company has a current ratio of 1.74, a quick ratio of 1.52 and a debt-to-equity ratio of 0.47. The business’s 50 day moving average is $205.34 and its two-hundred day moving average is $181.68. The stock has a market capitalization of $20.68 billion, a price-to-earnings ratio of 14.07, a PEG ratio of 4.36 and a beta of 1.32. Cintas Co. has a 12-month low of $118.68 and a 12-month high of $209.12.

Cintas (NASDAQ:CTAS) last announced its quarterly earnings data on Thursday, July 18th. The business services provider reported $1.00 earnings per share for the quarter, topping analysts’ consensus estimates of $0.95 by $0.05. Cintas had a return on equity of 37.82% and a net margin of 16.38%. The firm had revenue of $2.47 billion for the quarter, compared to analyst estimates of $2.47 billion. During the same quarter in the prior year, the company posted $0.83 earnings per share. Cintas’s quarterly revenue was up 8.2% on a year-over-year basis. Research analysts expect that Cintas Co. will post 16.64 EPS for the current year.

Cintas Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Thursday, August 15th were paid a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 0.77%. The ex-dividend date of this dividend was Thursday, August 15th. Cintas’s dividend payout ratio (DPR) is 10.77%.

Cintas declared that its board has authorized a stock repurchase plan on Tuesday, July 23rd that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the business services provider to purchase up to 1.3% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

Cintas Company Profile

Cintas Corporation engages in the provision of 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.