Blue Trust Inc. Grows Position in Cintas Corporation (NASDAQ:CTAS)

Blue Trust Inc. lifted its stake in Cintas Corporation (NASDAQ:CTAS - Free Report) by 160.3% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,603 shares of the business services provider's stock after purchasing an additional 1,603 shares during the quarter. Blue Trust Inc.'s holdings in Cintas were worth $535,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. MJP Associates Inc. ADV lifted its holdings in shares of Cintas by 2.1% during the fourth quarter. MJP Associates Inc. ADV now owns 2,412 shares of the business services provider's stock worth $441,000 after purchasing an additional 50 shares during the period. TIAA Trust National Association raised its position in Cintas by 1.0% during the 4th quarter. TIAA Trust National Association now owns 5,380 shares of the business services provider's stock worth $983,000 after buying an additional 52 shares during the last quarter. Wellspring Financial Advisors LLC raised its position in Cintas by 4.6% during the 4th quarter. Wellspring Financial Advisors LLC now owns 1,171 shares of the business services provider's stock worth $214,000 after buying an additional 52 shares during the last quarter. Johnson Financial Group Inc. lifted its stake in Cintas by 7.7% during the 4th quarter. Johnson Financial Group Inc. now owns 728 shares of the business services provider's stock valued at $146,000 after acquiring an additional 52 shares during the period. Finally, Portside Wealth Group LLC increased its stake in shares of Cintas by 4.2% in the first quarter. Portside Wealth Group LLC now owns 1,314 shares of the business services provider's stock worth $270,000 after acquiring an additional 53 shares during the period. Hedge funds and other institutional investors own 63.46% of the company's stock.

Insider Activity

In other news, Director Ronald W. Tysoe sold 8,521 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the director now directly owns 27,029 shares of the company's stock, valued at $5,647,979.84. This trade represents a 23.97% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through 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 transaction, the chief operating officer now owns 256,528 shares of the company's stock, valued at $48,835,235.36. The trade was a 0.77% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 15.00% of the company's stock.

Wall Street Analysts Forecast Growth

CTAS has been the topic of several analyst reports. Bank of America assumed coverage on Cintas in a research report on Thursday, April 10th. They set a "buy" rating and a $250.00 price target on the stock. The Goldman Sachs Group upped their target price on Cintas from $211.00 to $233.00 and gave the stock a "buy" rating in a research note on Thursday, March 27th. Redburn Atlantic cut Cintas from a "neutral" rating to a "sell" rating and set a $171.00 price target for the company. in a research report on Thursday, May 1st. Argus raised Cintas to a "strong-buy" rating in a report on Wednesday, April 16th. Finally, Royal Bank Of Canada reaffirmed a "sector perform" rating and set a $240.00 price objective (up previously from $215.00) on shares of Cintas in a research note on Monday, June 9th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Cintas has a consensus rating of "Hold" and a consensus price target of $215.81.

Cintas Stock Down 1.8%

Shares of NASDAQ CTAS traded down $3.96 during midday trading on Wednesday, hitting $219.24. 1,280,172 shares of the company's stock were exchanged, compared to its average volume of 1,702,045. The firm's fifty day simple moving average is $217.76 and its 200-day simple moving average is $205.42. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.72 and a quick ratio of 1.50. The company has a market cap of $88.53 billion, a PE ratio of 50.78, a P/E/G ratio of 3.48 and a beta of 1.07. Cintas Corporation has a twelve month low of $172.20 and a twelve month high of $229.24.

Cintas (NASDAQ:CTAS - Get Free Report) last released its quarterly earnings results on Wednesday, March 26th. The business services provider reported $1.13 EPS for the quarter, topping the consensus estimate of $1.05 by $0.08. Cintas had a return on equity of 41.30% and a net margin of 17.53%. The company had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.60 billion. During the same quarter in the previous year, the company posted $3.84 earnings per share. The firm's revenue was up 8.4% compared to the same quarter last year. Research analysts predict that Cintas Corporation will post 4.31 EPS for the current fiscal year.

Cintas Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Thursday, May 15th were paid a $0.39 dividend. The ex-dividend date was Thursday, May 15th. This represents a $1.56 annualized dividend and a dividend yield of 0.71%. Cintas's dividend payout ratio (DPR) is currently 36.11%.

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.