CWA Asset Management Group LLC Cuts Holdings in Cintas Corporation (NASDAQ:CTAS)

CWA Asset Management Group LLC trimmed its position in shares of Cintas Corporation (NASDAQ:CTAS - Free Report) by 35.6% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,961 shares of the business services provider's stock after selling 5,504 shares during the period. CWA Asset Management Group LLC's holdings in Cintas were worth $2,047,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the company. Kingswood Wealth Advisors LLC acquired a new stake in Cintas during the first quarter worth about $210,000. Roman Butler Fullerton & Co. lifted its holdings in shares of Cintas by 3.8% in the first quarter. Roman Butler Fullerton & Co. now owns 6,367 shares of the business services provider's stock worth $1,326,000 after acquiring an additional 231 shares during the last quarter. Cushing Capital Partners LLC bought a new position in shares of Cintas in the first quarter worth about $1,077,000. Clarius Group LLC lifted its holdings in shares of Cintas by 48.9% in the first quarter. Clarius Group LLC now owns 3,290 shares of the business services provider's stock worth $676,000 after acquiring an additional 1,081 shares during the last quarter. Finally, Smith Shellnut Wilson LLC ADV lifted its holdings in shares of Cintas by 2.5% in the first quarter. Smith Shellnut Wilson LLC ADV now owns 5,912 shares of the business services provider's stock worth $1,215,000 after acquiring an additional 144 shares during the last quarter. 63.46% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Citigroup assumed coverage on shares of Cintas in a report on Monday, February 24th. They issued a "sell" rating and a $161.00 target price for the company. Morgan Stanley raised their price objective on shares of Cintas from $195.00 to $213.00 and gave the company an "equal weight" rating in a report on Thursday, March 27th. Robert W. Baird raised their price objective on shares of Cintas from $200.00 to $227.00 and gave the company a "neutral" rating in a report on Thursday, March 27th. Argus upgraded shares of Cintas to a "strong-buy" rating in a report on Wednesday, April 16th. Finally, UBS Group raised their price objective on shares of Cintas from $218.00 to $240.00 and gave the company a "buy" rating in a report on Thursday, March 27th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $215.81.

Insider Buying and Selling at Cintas

In other Cintas news, Director Ronald W. Tysoe sold 8,521 shares of Cintas stock in a transaction on Monday, April 14th. The shares were sold at an average price of $208.96, for a total value 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 approximately $5,647,979.84. The trade was a 23.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Jim Rozakis sold 2,000 shares of Cintas stock in a transaction dated Monday, April 7th. The shares were sold at an average price of $190.37, for a total transaction of $380,740.00. Following the transaction, the chief operating officer now owns 256,528 shares of the company's stock, valued at $48,835,235.36. This represents a 0.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 15.00% of the company's stock.

Cintas Trading Down 0.8%

Shares of CTAS stock traded down $1.77 during trading hours on Friday, hitting $218.65. 2,667,477 shares of the company were exchanged, compared to its average volume of 1,707,597. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.50 and a current ratio of 1.72. Cintas Corporation has a fifty-two week low of $172.20 and a fifty-two week high of $229.24. The company has a 50 day simple moving average of $216.98 and a two-hundred day simple moving average of $205.59. The firm has a market cap of $88.29 billion, a P/E ratio of 50.64, a P/E/G ratio of 3.44 and a beta of 1.07.

Cintas (NASDAQ:CTAS - Get Free Report) last posted its quarterly earnings results on Wednesday, March 26th. The business services provider reported $1.13 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.08. Cintas had a net margin of 17.53% and a return on equity of 41.30%. The firm had revenue of $2.61 billion during the quarter, compared to the consensus estimate of $2.60 billion. During the same period in the previous year, the firm posted $3.84 earnings per share. The business's revenue was up 8.4% compared to the same quarter last year. Equities analysts anticipate that Cintas Corporation will post 4.31 EPS for the current year.

Cintas Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Thursday, May 15th were paid a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 0.71%. The ex-dividend date of this dividend was Thursday, May 15th. Cintas's dividend payout ratio (DPR) is currently 36.11%.

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.