Mn Services Vermogensbeheer B.V. Sells 8,700 Shares of Cintas Co. (NASDAQ:CTAS)

Mn Services Vermogensbeheer B.V. cut its stake in shares of Cintas Co. (NASDAQ:CTAS - Free Report) by 6.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 135,200 shares of the business services provider's stock after selling 8,700 shares during the period. Mn Services Vermogensbeheer B.V.'s holdings in Cintas were worth $27,788,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Cyrus J. Lawrence LLC bought a new position in shares of Cintas in the fourth quarter worth approximately $29,000. IAG Wealth Partners LLC lifted its holdings in shares of Cintas by 136.8% in the 4th quarter. IAG Wealth Partners LLC now owns 180 shares of the business services provider's stock valued at $33,000 after acquiring an additional 104 shares during the last quarter. Meeder Asset Management Inc. boosted its holdings in shares of Cintas by 239.3% in the 4th quarter. Meeder Asset Management Inc. now owns 190 shares of the business services provider's stock worth $35,000 after purchasing an additional 134 shares during the period. OFI Invest Asset Management bought a new position in Cintas during the fourth quarter valued at $37,000. Finally, VSM Wealth Advisory LLC purchased a new stake in Cintas in the 4th quarter worth about $40,000. 63.46% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, COO Jim Rozakis sold 2,000 shares of the firm's stock in a transaction dated Monday, April 7th. The stock was 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 owns 256,528 shares of the company's stock, valued at $48,835,235.36. This trade represents a 0.77% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Ronald W. Tysoe sold 8,521 shares of the business's stock in a transaction 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 sale, the director now directly owns 27,029 shares in the company, valued at $5,647,979.84. This trade represents a 23.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 15.00% of the company's stock.

Wall Street Analysts Forecast Growth

CTAS has been the topic of a number of research analyst reports. UBS Group upped their target price on shares of Cintas from $218.00 to $240.00 and gave the stock a "buy" rating in a research note on Thursday, March 27th. Argus upgraded Cintas to a "strong-buy" rating in a report on Wednesday, April 16th. Morgan Stanley boosted their target price on shares of Cintas from $195.00 to $213.00 and gave the stock an "equal weight" rating in a research report on Thursday, March 27th. Royal Bank of Canada reissued a "sector perform" rating and issued a $240.00 price objective (up from $215.00) on shares of Cintas in a report on Monday, June 9th. Finally, The Goldman Sachs Group boosted their price target on Cintas from $211.00 to $233.00 and gave the company a "buy" rating in a report on Thursday, March 27th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $215.81.

Cintas Price Performance

CTAS stock traded down $1.59 on Friday, reaching $221.98. The company had a trading volume of 1,252,851 shares, compared to its average volume of 1,707,350. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.38 and a current ratio of 1.58. The company has a market cap of $89.63 billion, a P/E ratio of 53.52, a PEG ratio of 3.98 and a beta of 1.08. Cintas Co. has a 1 year low of $172.20 and a 1 year high of $229.24. The company's fifty day moving average is $215.30 and its 200 day moving average is $205.54.

Cintas (NASDAQ:CTAS - Get Free Report) last posted its quarterly earnings data on Wednesday, March 26th. The business services provider reported $1.13 EPS for the quarter, beating 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 company had revenue of $2.61 billion during the quarter, compared to the consensus estimate of $2.60 billion. During the same quarter in the prior year, the company posted $3.84 EPS. The company's quarterly revenue was up 8.4% compared to the same quarter last year. On average, research analysts forecast that Cintas Co. will post 4.31 earnings per share for the current year.

Cintas Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Thursday, May 15th were paid a dividend of $0.39 per share. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $1.56 annualized dividend and a yield of 0.70%. Cintas's dividend payout ratio (DPR) is 36.11%.

About Cintas

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.