DSG Capital Advisors LLC Sells 3,125 Shares of Cintas Corporation (NASDAQ:CTAS)

DSG Capital Advisors LLC cut its stake in shares of Cintas Corporation (NASDAQ:CTAS - Free Report) by 59.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,120 shares of the business services provider's stock after selling 3,125 shares during the period. DSG Capital Advisors LLC's holdings in Cintas were worth $436,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Brighton Jones LLC boosted its position in Cintas by 9.3% in the fourth quarter. Brighton Jones LLC now owns 1,268 shares of the business services provider's stock worth $232,000 after purchasing an additional 108 shares during the last quarter. Bank Pictet & Cie Europe AG boosted its holdings in shares of Cintas by 0.7% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 514,336 shares of the business services provider's stock worth $93,969,000 after buying an additional 3,504 shares during the last quarter. Versor Investments LP boosted its holdings in shares of Cintas by 42.0% in the 4th quarter. Versor Investments LP now owns 1,468 shares of the business services provider's stock worth $268,000 after buying an additional 434 shares during the last quarter. SVB Wealth LLC bought a new position in Cintas during the fourth quarter valued at about $867,000. Finally, Fisher Asset Management LLC increased its holdings in Cintas by 5.2% during the fourth quarter. Fisher Asset Management LLC now owns 2,588 shares of the business services provider's stock worth $473,000 after buying an additional 128 shares during the last quarter. 63.46% of the stock is currently owned by institutional investors.

Cintas Stock Performance

Shares of NASDAQ CTAS traded up $3.17 during midday trading on Thursday, hitting $218.83. The company's stock had a trading volume of 941,300 shares, compared to its average volume of 1,666,007. The stock has a fifty day moving average price of $219.62 and a 200 day moving average price of $205.87. Cintas Corporation has a one year low of $174.44 and a one year high of $229.24. The company has a current ratio of 1.72, a quick ratio of 1.50 and a debt-to-equity ratio of 0.44. The firm has a market capitalization of $88.36 billion, a price-to-earnings ratio of 50.68, a P/E/G ratio of 3.50 and a beta of 1.05.

Cintas Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Thursday, May 15th were given a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend 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%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on CTAS shares. Truist Financial increased their target price on shares of Cintas from $215.00 to $230.00 and gave the company a "buy" rating in a research report on Thursday, March 27th. Morgan Stanley increased their price objective on Cintas from $195.00 to $213.00 and gave the company an "equal weight" rating in a report on Thursday, March 27th. Wells Fargo & Company raised Cintas from an "underweight" rating to an "equal weight" rating and upped their price target for the company from $196.00 to $221.00 in a research report on Tuesday. The Goldman Sachs Group increased their price target on Cintas from $233.00 to $257.00 and gave the stock a "buy" rating in a research note on Wednesday. Finally, Royal Bank Of Canada restated a "sector perform" rating and issued a $240.00 price objective (up from $215.00) on shares of Cintas in a research note on Monday, June 9th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $219.58.

Insider Activity at Cintas

In related news, COO Jim Rozakis sold 2,000 shares of the company's stock in a transaction that occurred on Monday, April 7th. The shares were sold at an average price of $190.37, for a total transaction of $380,740.00. Following the sale, the chief operating officer owned 256,528 shares of the company's stock, valued at approximately $48,835,235.36. This represents a 0.77% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Ronald W. Tysoe sold 8,521 shares of the company's stock in a transaction that occurred on Monday, April 14th. The stock was sold at an average price of $208.96, for a total transaction of $1,780,548.16. Following the sale, the director directly owned 27,029 shares in the company, valued at $5,647,979.84. This trade represents a 23.97% decrease in their position. The disclosure for this sale can be found here. Insiders own 15.00% of the company's stock.

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.