Mcdaniel Terry & Co. Has $37.22 Million Holdings in Cintas Corporation (NASDAQ:CTAS)

Mcdaniel Terry & Co. decreased its stake in Cintas Corporation (NASDAQ:CTAS - Free Report) by 1.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 181,073 shares of the business services provider's stock after selling 1,809 shares during the period. Cintas accounts for 3.3% of Mcdaniel Terry & Co.'s portfolio, making the stock its 12th largest position. Mcdaniel Terry & Co.'s holdings in Cintas were worth $37,216,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in the stock. Cyrus J. Lawrence LLC acquired a new position in Cintas during the 4th quarter valued at about $29,000. IAG Wealth Partners LLC increased its stake in shares of Cintas by 136.8% during the fourth quarter. IAG Wealth Partners LLC now owns 180 shares of the business services provider's stock valued at $33,000 after acquiring an additional 104 shares during the period. Meeder Asset Management Inc. raised its holdings in Cintas by 239.3% during the fourth quarter. Meeder Asset Management Inc. now owns 190 shares of the business services provider's stock worth $35,000 after purchasing an additional 134 shares in the last quarter. OFI Invest Asset Management acquired a new stake in Cintas in the fourth quarter worth approximately $37,000. Finally, VSM Wealth Advisory LLC bought a new position in Cintas during the 4th quarter valued at $40,000. Institutional investors own 63.46% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently commented on CTAS shares. Redburn Atlantic downgraded Cintas from a "neutral" rating to a "sell" rating and set a $171.00 price objective on the stock. in a research note on Thursday, May 1st. UBS Group boosted their price target on shares of Cintas from $218.00 to $240.00 and gave the stock a "buy" rating in a research report on Thursday, March 27th. Royal Bank Of Canada reissued a "sector perform" rating and issued a $240.00 price target (up from $215.00) on shares of Cintas in a report on Monday, June 9th. Argus raised shares of Cintas to a "strong-buy" rating in a report on Wednesday, April 16th. Finally, Truist Financial upped their price target on shares of Cintas from $215.00 to $230.00 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 assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Cintas has an average rating of "Hold" and a consensus price target of $215.81.

Insider Activity

In other news, COO Jim Rozakis sold 2,000 shares of the business's stock in a transaction 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 transaction, the chief operating officer now directly owns 256,528 shares in the company, valued at $48,835,235.36. The trade was a 0.77% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Ronald W. Tysoe sold 8,521 shares of the business's stock in a transaction on Monday, April 14th. The shares were sold at an average price of $208.96, for a total transaction of $1,780,548.16. Following the transaction, the director now owns 27,029 shares in the company, valued at approximately $5,647,979.84. This represents a 23.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. 15.00% of the stock is currently owned by corporate insiders.

Cintas Price Performance

Shares of NASDAQ CTAS traded up $0.31 during mid-day trading on Friday, reaching $220.75. The company had a trading volume of 1,565,480 shares, compared to its average volume of 1,666,003. 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 stock has a market cap of $89.14 billion, a PE ratio of 51.13, a P/E/G ratio of 3.44 and a beta of 1.07. The company has a 50-day moving average price of $218.64 and a two-hundred day moving average price of $205.63. Cintas Corporation has a 1-year low of $172.20 and a 1-year high of $229.24.

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

Cintas Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Thursday, May 15th were issued a dividend of $0.39 per share. The ex-dividend date was Thursday, May 15th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.71%. Cintas's dividend payout ratio is 36.11%.

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.