Cintas Corporation $CTAS Shares Sold by D.A. Davidson & CO.

Key Points

• D.A. Davidson & Co. cut its stake in Cintas by 75% in Q4, selling 12,391 shares and leaving the firm with 4,131 shares valued at $777,000.
• Cintas reported quarterly EPS of $1.24 (in line) and revenue of $2.84B (above estimates, +8.9% YoY), and declared a quarterly dividend of $0.45 ($1.80 annual, ex-dividend May 15, payable June 15) with a ~1.1% yield.
• Director Ronald W. Tysoe sold 4,666 shares at about $178.87 (≈$834,607), reducing his position by 17.21% to 22,448 shares.

D.A. Davidson & CO. cut its stake in Cintas Corporation (NASDAQ:CTAS - Free Report) by 75.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,131 shares of the business services provider's stock after selling 12,391 shares during the period. D.A. Davidson & CO.'s holdings in Cintas were worth $777,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Camelot Portfolios LLC acquired a new stake in Cintas in the fourth quarter worth $26,000. Key Capital Management INC acquired a new stake in Cintas in the fourth quarter worth $28,000. Triumph Capital Management acquired a new position in shares of Cintas during the third quarter valued at $29,000. Aventura Private Wealth LLC acquired a new position in shares of Cintas during the fourth quarter valued at $34,000. Finally, WPG Advisers LLC increased its holdings in shares of Cintas by 90.0% during the third quarter. WPG Advisers LLC now owns 171 shares of the business services provider's stock valued at $35,000 after purchasing an additional 81 shares during the period. 63.46% of the stock is owned by institutional investors and hedge funds.

Cintas Trading Down 1.6%

Shares of CTAS stock opened at $166.89 on Tuesday. The stock has a 50-day simple moving average of $183.59 and a 200 day simple moving average of $187.21. Cintas Corporation has a fifty-two week low of $165.60 and a fifty-two week high of $229.24. The stock has a market capitalization of $66.77 billion, a P/E ratio of 47.14, a P/E/G ratio of 2.99 and a beta of 0.96. The company has a quick ratio of 1.74, a current ratio of 1.98 and a debt-to-equity ratio of 0.51.

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

Cintas Dividend Announcement

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

Insider Buying and Selling at Cintas

In related news, Director Ronald W. Tysoe sold 4,666 shares of the stock in a transaction on Monday, April 20th. The stock was sold at an average price of $178.87, for a total value of $834,607.42. Following the completion of the transaction, the director owned 22,448 shares in the company, valued at $4,015,273.76. This trade represents a 17.21% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 14.90% of the stock is owned by company insiders.

Analysts Set New Price Targets

CTAS has been the topic of a number of research analyst reports. Bank of America initiated coverage on Cintas in a report on Tuesday, February 17th. They set a "neutral" rating and a $215.00 price target on the stock. UBS Group reissued a "buy" rating on shares of Cintas in a report on Thursday, March 12th. Wells Fargo & Company raised Cintas from a "cautious" rating to an "overweight" rating and raised their price target for the company from $205.00 to $245.00 in a report on Wednesday, January 14th. Weiss Ratings lowered Cintas from a "buy (b-)" rating to a "hold (c+)" rating in a report on Wednesday, April 1st. Finally, Stifel Nicolaus lowered their price target on Cintas from $222.00 to $190.00 and set a "hold" rating on the stock in a report on Thursday, March 26th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $215.17.

Cintas Company Profile

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.

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