Aquatic Capital Management LLC reduced its stake in shares of Cintas Co. (NASDAQ:CTAS - Free Report) by 80.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 21,695 shares of the business services provider's stock after selling 86,865 shares during the quarter. Aquatic Capital Management LLC's holdings in Cintas were worth $3,964,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Barclays PLC lifted its holdings in Cintas by 340.1% in the third quarter. Barclays PLC now owns 1,089,535 shares of the business services provider's stock worth $224,312,000 after purchasing an additional 841,952 shares during the period. Virtu Financial LLC lifted its stake in Cintas by 168.1% during the third quarter. Virtu Financial LLC now owns 14,468 shares of the business services provider's stock valued at $2,979,000 after buying an additional 9,072 shares in the last quarter. Morse Asset Management Inc increased its holdings in shares of Cintas by 299.8% in the 3rd quarter. Morse Asset Management Inc now owns 21,229 shares of the business services provider's stock valued at $4,371,000 after purchasing an additional 15,919 shares during the period. Wealthquest Corp increased its holdings in shares of Cintas by 285.9% in the 3rd quarter. Wealthquest Corp now owns 14,848 shares of the business services provider's stock valued at $3,027,000 after purchasing an additional 11,000 shares during the period. Finally, Anchor Investment Management LLC increased its holdings in shares of Cintas by 299.7% in the 3rd quarter. Anchor Investment Management LLC now owns 2,294 shares of the business services provider's stock valued at $472,000 after purchasing an additional 1,720 shares during the period. 63.46% of the stock is currently owned by hedge funds and other institutional investors.
Insider Buying and Selling
In other Cintas news, Director Ronald W. Tysoe sold 8,521 shares of the stock in a transaction on Monday, April 14th. The stock was sold at an average price of $208.96, for a total value of $1,780,548.16. Following the sale, the director now owns 27,029 shares in the company, valued at $5,647,979.84. This trade represents a 23.97 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Jim Rozakis sold 2,000 shares of the stock in a transaction on Monday, April 7th. The stock was sold at an average price of $190.37, for a total value of $380,740.00. Following the completion of the sale, the chief operating officer now owns 256,528 shares in the company, valued at approximately $48,835,235.36. The trade was a 0.77 % decrease in their position. The disclosure for this sale can be found here. 15.00% of the stock is owned by insiders.
Analyst Ratings Changes
Several equities research analysts recently issued reports on CTAS shares. Robert W. Baird lifted their price objective on shares of Cintas from $200.00 to $227.00 and gave the company a "neutral" rating in a research note on Thursday, March 27th. Morgan Stanley upped their target price on shares of Cintas from $195.00 to $213.00 and gave the company an "equal weight" rating in a research note on Thursday, March 27th. Bank of America began coverage on shares of Cintas in a research note on Thursday, April 10th. They set a "buy" rating and a $250.00 price target on the stock. Citigroup began coverage on Cintas in a research note on Monday, February 24th. They set a "sell" rating and a $161.00 price objective for the company. Finally, UBS Group upped their price objective on Cintas from $218.00 to $240.00 and gave the company a "buy" rating in a report on Thursday, March 27th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Cintas currently has a consensus rating of "Hold" and a consensus target price of $213.62.
Check Out Our Latest Analysis on Cintas
Cintas Trading Up 1.2 %
NASDAQ:CTAS traded up $2.42 during trading hours on Wednesday, reaching $211.68. The company's stock had a trading volume of 2,053,483 shares, compared to its average volume of 1,700,176. The firm has a market capitalization of $85.47 billion, a price-to-earnings ratio of 51.04, a PEG ratio of 3.98 and a beta of 1.20. The firm has a 50-day simple moving average of $201.68 and a 200-day simple moving average of $204.36. Cintas Co. has a 1 year low of $162.16 and a 1 year high of $228.12. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.38 and a current ratio of 1.58.
Cintas (NASDAQ:CTAS - Get Free Report) last announced its earnings results on Wednesday, March 26th. The business services provider reported $1.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.05 by $0.08. The firm had revenue of $2.61 billion during the quarter, compared to analyst estimates of $2.60 billion. Cintas had a return on equity of 40.62% and a net margin of 17.23%. The business's revenue was up 8.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.84 EPS. Research analysts expect that Cintas Co. will post 4.31 EPS for the current fiscal year.
Cintas Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Thursday, May 15th will be issued a $0.39 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $1.56 dividend on an annualized basis and a yield of 0.74%. Cintas's dividend payout ratio is currently 36.11%.
Cintas Company Profile
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Free Report)
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.
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