Cintas Co. (NASDAQ:CTAS) Shares Sold by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC decreased its holdings in Cintas Co. (NASDAQ:CTAS - Free Report) by 6.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 167,240 shares of the business services provider's stock after selling 10,902 shares during the quarter. Janney Montgomery Scott LLC's holdings in Cintas were worth $34,373,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of CTAS. Norges Bank acquired a new position in Cintas during the fourth quarter worth approximately $877,216,000. GAMMA Investing LLC grew its stake in shares of Cintas by 19,644.3% during 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 buying an additional 2,251,629 shares during the period. Winslow Capital Management LLC acquired a new stake in shares of Cintas during the 4th quarter worth $196,057,000. Raymond James Financial Inc. purchased a new position in shares of Cintas in the 4th quarter worth $96,282,000. Finally, Northern Trust Corp boosted its holdings in Cintas by 13.1% in the fourth quarter. Northern Trust Corp now owns 4,067,037 shares of the business services provider's stock valued at $743,048,000 after acquiring an additional 472,069 shares during the last quarter. Institutional investors and hedge funds own 63.46% of the company's stock.

Cintas Stock Performance

Shares of CTAS stock opened at $222.47 on Tuesday. The company's fifty day moving average price is $215.95 and its two-hundred day moving average price is $205.39. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.58 and a quick ratio of 1.38. The firm has a market capitalization of $89.83 billion, a P/E ratio of 53.64, a P/E/G ratio of 3.98 and a beta of 1.07. Cintas Co. has a 12 month low of $172.20 and a 12 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 40.62% and a net margin of 17.23%. The business had revenue of $2.61 billion for the quarter, compared to analysts' expectations of $2.60 billion. During the same quarter in the previous year, the firm posted $3.84 earnings per share. The company's revenue was up 8.4% compared to the same quarter last year. On average, research analysts anticipate that Cintas Co. will post 4.31 earnings per share for the current fiscal year.

Cintas Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Thursday, May 15th were given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.70%. The ex-dividend date was Thursday, May 15th. Cintas's payout ratio is currently 36.11%.

Insider Buying and Selling

In other Cintas news, COO Jim Rozakis sold 2,000 shares of the firm's stock in a transaction on Monday, April 7th. The shares were sold at an average price of $190.37, for a total transaction of $380,740.00. Following the completion of the transaction, the chief operating officer now directly owns 256,528 shares of the company's stock, valued at $48,835,235.36. This trade represents a 0.77% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Ronald W. Tysoe sold 8,521 shares of the business's stock in a transaction dated Monday, April 14th. The stock was 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. The trade was 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.

Analysts Set New Price Targets

CTAS has been the subject of a number of research reports. Robert W. Baird boosted their price target on Cintas from $200.00 to $227.00 and gave the company a "neutral" rating in a research report on Thursday, March 27th. UBS Group increased their target price on shares of Cintas from $218.00 to $240.00 and gave the stock a "buy" rating in a research report on Thursday, March 27th. Morgan Stanley lifted their price target on shares of Cintas from $195.00 to $213.00 and gave the company an "equal weight" rating in a research report on Thursday, March 27th. Wells Fargo & Company boosted their price objective on shares of Cintas from $184.00 to $196.00 and gave the stock an "underweight" rating in a research note on Thursday, March 27th. Finally, Citigroup began coverage on shares of Cintas in a research note on Monday, February 24th. They issued a "sell" rating and a $161.00 target price on the stock. Three research analysts have rated the stock with a sell rating, six have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Cintas has an average rating of "Hold" and an average target price of $215.81.

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.

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