Cintas Corporation (NASDAQ:CTAS) Shares Sold by Blair William & Co. IL

Key Points

• Blair William & Co. IL reduced its holdings in Cintas Corporation by 1.4%, now owning approximately 998,603 shares valued at $205.25 million.
• Recent earnings reports showed Cintas exceeding expectations with a revenue of $2.67 billion for the quarter and an EPS of $1.09, up from the previous year's $3.99.
• Cintas has declared a quarterly dividend of $0.45 per share, reflecting a positive increase from the previous $0.39 dividend and signifying a 0.8% dividend yield.

Blair William & Co. IL decreased its holdings in Cintas Corporation (NASDAQ:CTAS - Free Report) by 1.4% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 998,603 shares of the business services provider's stock after selling 13,795 shares during the quarter. Blair William & Co. IL owned 0.25% of Cintas worth $205,243,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. Invesco Ltd. raised its holdings in Cintas by 6.1% in the 4th quarter. Invesco Ltd. now owns 5,118,479 shares of the business services provider's stock worth $935,146,000 after purchasing an additional 296,059 shares during the period. Northern Trust Corp increased its stake in Cintas by 13.1% during the 4th quarter. Northern Trust Corp now owns 4,067,037 shares of the business services provider's stock worth $743,048,000 after buying an additional 472,069 shares in the last quarter. Royal Bank of Canada increased its stake in Cintas by 3.3% during the 4th quarter. Royal Bank of Canada now owns 3,655,835 shares of the business services provider's stock worth $667,919,000 after buying an additional 115,268 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Cintas by 11.7% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,818,147 shares of the business services provider's stock worth $514,875,000 after buying an additional 295,226 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD increased its stake in Cintas by 3.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,570,635 shares of the business services provider's stock worth $469,656,000 after buying an additional 78,533 shares in the last quarter. Institutional investors and hedge funds own 63.46% of the company's stock.

Analysts Set New Price Targets

CTAS has been the subject of a number of analyst reports. Robert W. Baird upped their price target on Cintas from $227.00 to $230.00 and gave the company a "neutral" rating in a research report on Friday, July 18th. Redburn Atlantic lowered Cintas from a "neutral" rating to a "sell" rating and set a $171.00 price target for the company. in a research report on Thursday, May 1st. JPMorgan Chase & Co. initiated coverage on Cintas in a research report on Monday, July 14th. They issued an "overweight" rating and a $239.00 price target for the company. Royal Bank Of Canada restated a "sector perform" rating and issued a $240.00 price target (up from $215.00) on shares of Cintas in a research report on Monday, June 9th. Finally, UBS Group upped their price target on Cintas from $240.00 to $255.00 and gave the company a "buy" rating in a research report on Friday, July 18th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $224.54.

Cintas Trading Down 0.5%

CTAS opened at $221.50 on Friday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.82 and a current ratio of 2.09. The business's 50 day moving average price is $221.43 and its 200 day moving average price is $210.46. Cintas Corporation has a one year low of $180.78 and a one year high of $229.24. The stock has a market capitalization of $89.26 billion, a PE ratio of 50.23, a P/E/G ratio of 3.48 and a beta of 1.03.

Cintas (NASDAQ:CTAS - Get Free Report) last released its quarterly earnings results on Thursday, July 17th. The business services provider reported $1.09 EPS for the quarter, topping analysts' consensus estimates of $1.07 by $0.02. Cintas had a return on equity of 41.21% and a net margin of 17.53%. The company had revenue of $2.67 billion for the quarter, compared to analysts' expectations of $2.63 billion. During the same period in the prior year, the firm earned $3.99 earnings per share. The firm's revenue was up 8.0% compared to the same quarter last year. As a group, equities research analysts expect that Cintas Corporation will post 4.31 EPS for the current year.

Cintas Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, August 15th will be paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 0.8%. This is a positive change from Cintas's previous quarterly dividend of $0.39. The ex-dividend date is Friday, August 15th. Cintas's payout ratio is currently 35.37%.

Insiders Place Their Bets

In other Cintas news, Director Ronald W. Tysoe sold 5,084 shares of the company's stock in a transaction on Wednesday, July 30th. The stock was sold at an average price of $223.47, for a total transaction of $1,136,121.48. Following the transaction, the director directly owned 21,945 shares in the company, valued at $4,904,049.15. This represents a 18.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Martin Mucci purchased 1,200 shares of the firm's stock in a transaction on Monday, July 21st. The shares were purchased at an average price of $222.55 per share, for a total transaction of $267,060.00. Following the completion of the purchase, the director directly owned 2,621 shares of the company's stock, valued at $583,303.55. This represents a 84.45% increase in their ownership of the stock. The disclosure for this purchase can be found here. 15.00% of the stock is owned by insiders.

Cintas 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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