Cintas Co. (NASDAQ:CTAS) Shares Sold by Frontier Capital Management Co. LLC

Frontier Capital Management Co. LLC decreased its position in shares of Cintas Co. (NASDAQ:CTAS - Free Report) by 5.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 184,710 shares of the business services provider's stock after selling 11,534 shares during the quarter. Frontier Capital Management Co. LLC's holdings in Cintas were worth $33,747,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of CTAS. Sound Income Strategies LLC purchased a new stake in shares of Cintas during the 4th quarter worth approximately $27,000. Cyrus J. Lawrence LLC purchased a new stake in shares of Cintas during the 4th quarter worth approximately $29,000. Endeavor Private Wealth Inc. purchased a new stake in shares of Cintas during the 4th quarter worth approximately $31,000. IAG Wealth Partners LLC boosted its stake in shares of Cintas by 136.8% during the 4th quarter. IAG Wealth Partners LLC now owns 180 shares of the business services provider's stock worth $33,000 after acquiring an additional 104 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. purchased a new stake in shares of Cintas during the 4th quarter worth approximately $34,000. Hedge funds and other institutional investors own 63.46% of the company's stock.

Insider Activity at Cintas

In related news, 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 directly owns 256,528 shares in the company, valued at approximately $48,835,235.36. This represents a 0.77% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ronald W. Tysoe sold 8,521 shares of the stock in a transaction on Monday, April 14th. The shares were sold at an average price of $208.96, for a total value of $1,780,548.16. Following the completion of the sale, the director now owns 27,029 shares of the company's stock, valued at approximately $5,647,979.84. This represents a 23.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. 15.00% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

CTAS has been the topic of a number of recent research reports. Morgan Stanley upped their target price on Cintas from $195.00 to $213.00 and gave the company an "equal weight" rating in a research note on Thursday, March 27th. Wells Fargo & Company upped their target price on Cintas from $184.00 to $196.00 and gave the company an "underweight" rating in a research note on Thursday, March 27th. Robert W. Baird upped their target price on Cintas from $200.00 to $227.00 and gave the company a "neutral" rating in a research note on Thursday, March 27th. Truist Financial upped their target price on Cintas from $215.00 to $230.00 and gave the company a "buy" rating in a research note on Thursday, March 27th. Finally, Argus raised Cintas to a "strong-buy" rating in a research note on Wednesday, April 16th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Cintas presently has a consensus rating of "Hold" and a consensus price target of $213.88.

Cintas Trading Down 0.1%

Shares of CTAS stock traded down $0.17 on Friday, reaching $214.79. 965,220 shares of the stock were exchanged, compared to its average volume of 1,701,465. The stock has a market cap of $86.73 billion, a P/E ratio of 51.79, a price-to-earnings-growth ratio of 3.98 and a beta of 1.09. The company has a quick ratio of 1.38, a current ratio of 1.58 and a debt-to-equity ratio of 0.47. The firm has a 50 day moving average of $202.92 and a two-hundred day moving average of $204.37. Cintas Co. has a 1-year low of $164.93 and a 1-year high of $228.12.

Cintas (NASDAQ:CTAS - Get Free Report) last released its quarterly earnings data on Wednesday, March 26th. The business services provider reported $1.13 EPS for the quarter, topping analysts' consensus estimates of $1.05 by $0.08. The business had revenue of $2.61 billion during the quarter, compared to the consensus estimate of $2.60 billion. Cintas had a return on equity of 40.62% and a net margin of 17.23%. The business's revenue for the quarter was up 8.4% on a year-over-year basis. During the same period in the prior year, the firm posted $3.84 EPS. On average, research analysts anticipate that Cintas Co. will post 4.31 EPS for the current year.

Cintas Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Thursday, May 15th will be issued a dividend of $0.39 per share. The ex-dividend date is Thursday, May 15th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.73%. Cintas's payout ratio is 36.11%.

Cintas 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.