Czech National Bank Boosts Stock Position in Cintas Co. (NASDAQ:CTAS)

Czech National Bank raised its stake in Cintas Co. (NASDAQ:CTAS - Free Report) by 6.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 78,784 shares of the business services provider's stock after acquiring an additional 4,457 shares during the period. Czech National Bank's holdings in Cintas were worth $16,192,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. MJP Associates Inc. ADV increased its stake in Cintas by 2.1% during the 4th quarter. MJP Associates Inc. ADV now owns 2,412 shares of the business services provider's stock valued at $441,000 after purchasing an additional 50 shares in the last quarter. Guardian Wealth Advisors LLC increased its position in shares of Cintas by 3.1% during the fourth quarter. Guardian Wealth Advisors LLC now owns 1,741 shares of the business services provider's stock valued at $318,000 after acquiring an additional 52 shares in the last quarter. MGB Wealth Management LLC increased its position in shares of Cintas by 0.7% during the fourth quarter. MGB Wealth Management LLC now owns 7,248 shares of the business services provider's stock valued at $1,328,000 after acquiring an additional 52 shares in the last quarter. TIAA Trust National Association raised its holdings in Cintas by 1.0% in the 4th quarter. TIAA Trust National Association now owns 5,380 shares of the business services provider's stock worth $983,000 after acquiring an additional 52 shares during the last quarter. Finally, Wellspring Financial Advisors LLC lifted its position in Cintas by 4.6% in the 4th quarter. Wellspring Financial Advisors LLC now owns 1,171 shares of the business services provider's stock valued at $214,000 after acquiring an additional 52 shares in the last quarter. 63.46% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Cintas news, Director Ronald W. Tysoe sold 8,521 shares of the stock in a transaction dated Monday, April 14th. The shares were sold at an average price of $208.96, for a total transaction of $1,780,548.16. Following the completion of the transaction, the director now owns 27,029 shares of the company's stock, valued at $5,647,979.84. This represents a 23.97% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Jim Rozakis sold 2,000 shares of the firm's stock in a transaction dated Monday, April 7th. The shares were sold at an average price of $190.37, for a total value of $380,740.00. Following the transaction, the chief operating officer now owns 256,528 shares of the company's stock, 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. Company insiders own 15.00% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have commented on CTAS. Citigroup began coverage on Cintas in a report on Monday, February 24th. They issued a "sell" rating and a $161.00 target price for the company. Argus upgraded Cintas to a "strong-buy" rating in a report on Wednesday, April 16th. Redburn Atlantic lowered Cintas from a "neutral" rating to a "sell" rating and set a $171.00 target price for the company. in a research report on Thursday, May 1st. The Goldman Sachs Group raised their price target on shares of Cintas from $211.00 to $233.00 and gave the company a "buy" rating in a report on Thursday, March 27th. Finally, Truist Financial boosted their price objective on shares of Cintas from $215.00 to $230.00 and gave the company a "buy" rating in a report on Thursday, March 27th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $213.88.

Cintas Stock Performance

Cintas stock traded down $0.47 during midday trading on Thursday, hitting $226.90. The stock had a trading volume of 1,285,634 shares, compared to its average volume of 1,693,393. Cintas Co. has a 52-week low of $169.46 and a 52-week high of $228.66. The company has a market capitalization of $91.62 billion, a PE ratio of 54.71, a P/E/G ratio of 3.98 and a beta of 1.09. The firm's fifty day moving average is $212.32 and its two-hundred day moving average is $205.59. The company has a current ratio of 1.58, a quick ratio of 1.38 and a debt-to-equity ratio of 0.47.

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

Cintas Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Thursday, May 15th will be given a $0.39 dividend. The ex-dividend date is Thursday, May 15th. This represents a $1.56 annualized dividend and a dividend yield of 0.69%. 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.