Godsey & Gibb Inc. trimmed its holdings in shares of Cintas Co. (NASDAQ:CTAS - Free Report) by 2.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 123,266 shares of the business services provider's stock after selling 3,450 shares during the period. Cintas makes up about 2.5% of Godsey & Gibb Inc.'s portfolio, making the stock its 10th biggest position. Godsey & Gibb Inc.'s holdings in Cintas were worth $25,335,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also bought and sold shares of the company. Norges Bank acquired a new position in shares of Cintas in the 4th quarter valued at $877,216,000. GAMMA Investing LLC lifted its stake in shares of Cintas by 19,644.3% in the 1st quarter. GAMMA Investing LLC now owns 2,263,091 shares of the business services provider's stock valued at $465,133,000 after purchasing an additional 2,251,629 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Cintas by 137.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,222,527 shares of the business services provider's stock valued at $457,574,000 after purchasing an additional 1,286,668 shares during the period. Winslow Capital Management LLC acquired a new position in shares of Cintas in the 4th quarter valued at $196,057,000. Finally, Raymond James Financial Inc. acquired a new position in shares of Cintas in the 4th quarter valued at $96,282,000. 63.46% of the stock is currently owned by institutional investors and hedge funds.
Cintas Price Performance
Cintas stock opened at $227.66 on Friday. Cintas Co. has a 52-week low of $169.46 and a 52-week high of $229.24. The firm has a market capitalization of $91.93 billion, a price-to-earnings ratio of 54.89, a PEG ratio of 3.98 and a beta of 1.07. The company has a fifty day simple moving average of $212.71 and a 200-day simple moving average of $205.66. The company has a quick ratio of 1.38, a current ratio of 1.58 and a debt-to-equity ratio of 0.47.
Cintas (NASDAQ:CTAS - Get Free Report) last released its earnings results 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 business had revenue of $2.61 billion during the quarter, compared to analyst estimates of $2.60 billion. During the same quarter in the prior year, the firm earned $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, equities analysts anticipate that Cintas Co. will post 4.31 EPS for the current fiscal year.
Cintas Announces Dividend
The firm also recently announced 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. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.69%. The ex-dividend date of this dividend is Thursday, May 15th. Cintas's payout ratio is 36.11%.
Insider Transactions at Cintas
In related news, COO Jim Rozakis sold 2,000 shares of the company'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 completion of the sale, the chief operating officer now owns 256,528 shares of the company's stock, valued at approximately $48,835,235.36. This represents a 0.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Ronald W. Tysoe sold 8,521 shares of the company's 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 sale, the director now directly 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 disclosure for this sale can be found here. Insiders own 15.00% of the company's stock.
Analyst Ratings Changes
CTAS has been the subject of several analyst reports. Truist Financial boosted their target price on shares of Cintas from $215.00 to $230.00 and gave the company a "buy" rating in a research note on Thursday, March 27th. Robert W. Baird boosted their price target on shares of Cintas from $200.00 to $227.00 and gave the stock a "neutral" rating in a report on Thursday, March 27th. Wells Fargo & Company boosted their price target on shares of Cintas from $184.00 to $196.00 and gave the stock an "underweight" rating in a report on Thursday, March 27th. Royal Bank of Canada reissued a "sector perform" rating and issued a $215.00 price target on shares of Cintas in a report on Thursday, March 27th. Finally, UBS Group boosted their price target on shares of Cintas from $218.00 to $240.00 and gave the stock a "buy" rating in a report on Thursday, March 27th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $213.88.
View Our Latest Analysis on CTAS
About Cintas
(
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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