Benjamin Edwards Inc. Sells 12,543 Shares of Cintas Corporation $CTAS

Key Points

• Benjamin Edwards Inc. cut its stake in Cintas by 6.0%, selling 12,543 shares in the quarter and now holds 195,463 shares valued at about $36.76 million.
• Director Ronald W. Tysoe sold 4,666 shares on April 20 for roughly $834,607, reducing his position to 22,448 shares (a 17.21% decrease); company insiders own 14.90% of Cintas stock.
• Cintas’ most recent quarter delivered $1.24 EPS (in line) and $2.84 billion in revenue (beat, +8.9% year-over-year), and the company announced a quarterly dividend of $0.45 per share (annualized $1.80, 1.1% yield) payable June 15 with an ex-dividend date of May 15.

Benjamin Edwards Inc. cut its stake in Cintas Corporation (NASDAQ:CTAS - Free Report) by 6.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 195,463 shares of the business services provider's stock after selling 12,543 shares during the quarter. Benjamin Edwards Inc.'s holdings in Cintas were worth $36,762,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in CTAS. Camelot Portfolios LLC bought a new stake in shares of Cintas in the fourth quarter worth approximately $26,000. Key Capital Management INC bought a new stake in Cintas during the fourth quarter valued at approximately $28,000. Triumph Capital Management bought a new stake in Cintas during the third quarter valued at approximately $29,000. Ares Financial Consulting LLC bought a new stake in Cintas during the fourth quarter valued at approximately $32,000. Finally, Alpine Bank Wealth Management grew its position in Cintas by 1,092.9% during the third quarter. Alpine Bank Wealth Management now owns 167 shares of the business services provider's stock valued at $34,000 after buying an additional 153 shares during the period. 63.46% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, Director Ronald W. Tysoe sold 4,666 shares of the business's stock in a transaction dated Monday, April 20th. The shares were sold at an average price of $178.87, for a total value of $834,607.42. Following the sale, 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 filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 14.90% of the company's stock.

Cintas Stock Performance

Shares of CTAS stock opened at $169.61 on Friday. Cintas Corporation has a 52 week low of $165.60 and a 52 week high of $229.24. The firm has a 50 day moving average of $183.59 and a two-hundred day moving average of $187.22. 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 capitalization of $67.86 billion, a PE ratio of 47.91, a P/E/G ratio of 2.99 and a beta of 0.97.

Cintas (NASDAQ:CTAS - Get Free Report) last issued its quarterly earnings data on Wednesday, March 25th. The business services provider reported $1.24 earnings per share for the quarter, hitting the consensus estimate of $1.24. The business had revenue of $2.84 billion during the quarter, compared to the consensus estimate of $2.82 billion. Cintas had a net margin of 17.57% and a return on equity of 41.47%. The company's revenue was up 8.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.13 EPS. On average, research analysts predict that Cintas Corporation will post 4.89 EPS for the current fiscal year.

Cintas Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 15th will be given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Friday, May 15th. Cintas's payout ratio is presently 50.85%.

Analyst Ratings Changes

CTAS has been the subject of several recent research reports. Bank of America initiated coverage on shares of Cintas in a research report on Tuesday, February 17th. They set a "neutral" rating and a $215.00 target price for the company. Robert W. Baird raised shares of Cintas from a "neutral" rating to an "outperform" rating and set a $250.00 target price on the stock in a report on Wednesday, March 11th. Argus raised shares of Cintas to a "strong-buy" rating in a research note on Wednesday, January 21st. Weiss Ratings lowered shares of Cintas from a "buy (b-)" rating to a "hold (c+)" rating in a report on Wednesday, April 1st. Finally, Wells Fargo & Company raised shares of Cintas from a "cautious" rating to an "overweight" rating and raised their price target for the stock from $205.00 to $245.00 in a research note on Wednesday, January 14th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, Cintas currently has a consensus rating of "Hold" and a consensus price target of $215.17.

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.

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