Sandro Wealth Management LLC Takes Position in Cintas Corporation $CTAS

Key Points

• Sandro Wealth Management LLC initiated a new position in Cintas, buying 11,328 shares (~$2.13M), which equals about 1.8% of its portfolio and is its 16th-largest holding.
• Cintas reported Q results that met expectations—$1.24 EPS on $2.84B revenue (up 8.9% YoY)—and declared a $0.45 quarterly dividend (annualized $1.80, 1.1% yield; ex-dividend May 15, payable June 15).
• Analyst sentiment is mixed: the consensus rating is "Hold" with a $215.17 target amid recent upgrades and downgrades, and the stock has traded around $169.61 within a 12-month range of $165.60–$229.24.

Sandro Wealth Management LLC bought a new stake in shares of Cintas Corporation (NASDAQ:CTAS - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The fund bought 11,328 shares of the business services provider's stock, valued at approximately $2,130,000. Cintas makes up 1.8% of Sandro Wealth Management LLC's portfolio, making the stock its 16th largest position.

Other institutional investors have also made changes to their positions in the company. Camelot Portfolios LLC acquired a new stake in shares of Cintas during the 4th quarter valued at about $26,000. Key Capital Management INC acquired a new stake in shares of Cintas during the 4th quarter valued at about $28,000. Triumph Capital Management acquired a new stake in shares of Cintas during the 3rd quarter valued at about $29,000. Ares Financial Consulting LLC acquired a new stake in shares of Cintas during the 4th quarter valued at about $32,000. Finally, Alpine Bank Wealth Management boosted its position in shares of Cintas by 1,092.9% during the 3rd quarter. Alpine Bank Wealth Management now owns 167 shares of the business services provider's stock valued at $34,000 after acquiring an additional 153 shares in the last quarter. 63.46% of the stock is currently owned by institutional investors and hedge funds.

Cintas Trading Down 2.9%

Shares of CTAS stock opened at $169.61 on Friday. Cintas Corporation has a 12-month low of $165.60 and a 12-month high of $229.24. The company has a market capitalization of $67.86 billion, a P/E ratio of 47.91, a P/E/G ratio of 3.08 and a beta of 0.97. The firm has a 50-day moving average price of $183.59 and a 200 day moving average price of $187.22. 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 quarterly earnings results on Wednesday, March 25th. The business services provider reported $1.24 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.24. Cintas had a net margin of 17.57% and a return on equity of 41.47%. The firm had revenue of $2.84 billion during the quarter, compared to the consensus estimate of $2.82 billion. During the same period last year, the firm posted $1.13 EPS. The firm's quarterly revenue was up 8.9% on a year-over-year basis. Research analysts forecast that Cintas Corporation will post 4.89 earnings per share for the current fiscal year.

Cintas Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, May 15th will be paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Friday, May 15th. Cintas's dividend payout ratio is 50.85%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Robert W. Baird upgraded shares of Cintas from a "neutral" rating to an "outperform" rating and set a $250.00 target price on the stock in a research report on Wednesday, March 11th. Argus raised shares of Cintas to a "strong-buy" rating in a report on Wednesday, January 21st. Bank of America assumed coverage on shares of Cintas in a report on Tuesday, February 17th. They set a "neutral" rating and a $215.00 price target for the company. Weiss Ratings downgraded shares of Cintas from a "buy (b-)" rating to a "hold (c+)" rating in a report on Wednesday, April 1st. Finally, Citigroup cut their price target on shares of Cintas from $181.00 to $160.00 and set a "sell" rating for the company in a report on Tuesday, March 31st. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $215.17.

Insider Transactions at Cintas

In other Cintas news, Director Ronald W. Tysoe sold 4,666 shares of the company's stock in a transaction dated Monday, April 20th. The shares were sold at an average price of $178.87, for a total transaction of $834,607.42. Following the transaction, the director directly owned 22,448 shares in the company, valued at approximately $4,015,273.76. This represents a 17.21% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 14.90% of the stock is currently owned by corporate insiders.

About Cintas

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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