Cintas Corporation $CTAS Shares Sold by Bokf Na

Key Points

• Bokf Na cut its stake in Cintas by 14.6% in Q4, selling 5,936 shares and now holds 34,655 shares valued at about $6.52 million.
• Cintas reported Q earnings of $1.24 per share (in line with estimates) and revenue of $2.84 billion (above estimates), with revenue up 8.9% year-over-year; analysts project FY EPS of 4.89 and the consensus rating is "Hold" with a $215.17 target.
• The company declared a quarterly dividend of $0.45 ($1.80 annualized), payable June 15 to holders of record May 15, implying a ~1.1% yield and a payout ratio around 50.85%.

Bokf Na lowered its holdings in Cintas Corporation (NASDAQ:CTAS - Free Report) by 14.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 34,655 shares of the business services provider's stock after selling 5,936 shares during the quarter. Bokf Na's holdings in Cintas were worth $6,518,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Richardson Financial Services Inc. increased its stake in shares of Cintas by 1.1% in the fourth quarter. Richardson Financial Services Inc. now owns 5,058 shares of the business services provider's stock worth $951,000 after acquiring an additional 54 shares during the period. Mather Group LLC. increased its stake in shares of Cintas by 1.4% in the fourth quarter. Mather Group LLC. now owns 4,381 shares of the business services provider's stock worth $824,000 after acquiring an additional 59 shares during the period. Woodward Diversified Capital LLC boosted its holdings in Cintas by 4.8% during the fourth quarter. Woodward Diversified Capital LLC now owns 1,288 shares of the business services provider's stock worth $242,000 after buying an additional 59 shares in the last quarter. Oakworth Capital Inc. boosted its holdings in Cintas by 4.8% during the third quarter. Oakworth Capital Inc. now owns 1,300 shares of the business services provider's stock worth $267,000 after buying an additional 60 shares in the last quarter. Finally, Atlas Legacy Advisors LLC boosted its holdings in Cintas by 4.1% during the third quarter. Atlas Legacy Advisors LLC now owns 1,560 shares of the business services provider's stock worth $320,000 after buying an additional 62 shares in the last quarter. Institutional investors and hedge funds own 63.46% of the company's stock.

Cintas Stock Performance

CTAS opened at $169.36 on Thursday. The company has a quick ratio of 1.74, a current ratio of 1.98 and a debt-to-equity ratio of 0.51. The company has a market cap of $67.76 billion, a price-to-earnings ratio of 47.84, a PEG ratio of 2.98 and a beta of 0.96. Cintas Corporation has a 52-week low of $165.46 and a 52-week high of $229.24. The firm's fifty day simple moving average is $182.40 and its two-hundred day simple moving average is $186.97.

Cintas (NASDAQ:CTAS - Get Free Report) last posted its quarterly earnings data on Wednesday, March 25th. The business services provider reported $1.24 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.24. The business had revenue of $2.84 billion for the quarter, compared to the consensus estimate of $2.82 billion. Cintas had a net margin of 17.57% and a return on equity of 41.47%. The company's revenue was up 8.9% compared to the same quarter last year. During the same period last year, the firm posted $1.13 earnings per share. Equities analysts anticipate that Cintas Corporation will post 4.89 earnings per share for the current fiscal year.

Cintas Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, May 15th will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Friday, May 15th. Cintas's dividend payout ratio (DPR) is currently 50.85%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on CTAS. Stifel Nicolaus lowered their price target on shares of Cintas from $222.00 to $190.00 and set a "hold" rating on the stock in a report on Thursday, March 26th. Argus raised shares of Cintas to a "strong-buy" rating in a report on Wednesday, January 21st. Robert W. Baird raised shares of Cintas from a "neutral" rating to an "outperform" rating and set a $250.00 price target on the stock in a report on Wednesday, March 11th. Bank of America began coverage on shares of Cintas in a report on Tuesday, February 17th. They set a "neutral" rating and a $215.00 price target on the stock. Finally, UBS Group reissued a "buy" rating on shares of Cintas in a report on Thursday, March 12th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Cintas presently has a consensus rating of "Hold" and a consensus target price of $215.17.

Insider Buying and Selling at Cintas

In other news, Director Ronald W. Tysoe sold 4,666 shares of the firm's stock in a transaction dated Monday, April 20th. The shares were sold at an average price of $178.87, for a total value of $834,607.42. Following the transaction, the director directly owned 22,448 shares of the company's stock, valued at approximately $4,015,273.76. This trade represents a 17.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 14.90% of the company's stock.

About Cintas

Cintas Corporation NASDAQ: CTAS is a provider of business services and products focused on workplace appearance, safety and facility maintenance. The company is best known for its uniform rental and corporate apparel programs, which include rental, leasing and direct-purchase options, laundering and garment repair. Cintas markets its services to a wide range of end-users, including manufacturing, food service, healthcare, hospitality, retail and government customers.

Beyond uniforms, Cintas offers a suite of facility services and products designed to help organizations maintain clean, safe and compliant workplaces.

Want to see what other hedge funds are holding CTAS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cintas Corporation (NASDAQ:CTAS - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.