Thomasville National Bank Invests $279,000 in Cintas Co. (NASDAQ:CTAS)

Thomasville National Bank purchased a new stake in Cintas Co. (NASDAQ:CTAS - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 1,358 shares of the business services provider's stock, valued at approximately $279,000.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Brighton Jones LLC grew 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 valued at $232,000 after purchasing an additional 108 shares in the last quarter. Gladstone Institutional Advisory LLC grew its holdings in shares of Cintas by 11.5% in the 4th quarter. Gladstone Institutional Advisory LLC now owns 2,360 shares of the business services provider's stock valued at $431,000 after acquiring an additional 244 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of Cintas by 43.7% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 160,319 shares of the business services provider's stock valued at $29,192,000 after acquiring an additional 48,720 shares during the last quarter. Van ECK Associates Corp increased its position in shares of Cintas by 1.7% in the fourth quarter. Van ECK Associates Corp now owns 79,988 shares of the business services provider's stock valued at $14,614,000 after acquiring an additional 1,326 shares during the last quarter. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new stake in Cintas during the fourth quarter worth about $879,000. 63.46% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Cintas

In related 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 value of $380,740.00. Following the sale, the chief operating officer now owns 256,528 shares of the company's stock, valued at $48,835,235.36. The trade was a 0.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Ronald W. Tysoe sold 8,521 shares of the 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 owns 27,029 shares of the company's stock, valued at $5,647,979.84. The trade was a 23.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 15.00% of the company's stock.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Redburn Atlantic downgraded Cintas from a "neutral" rating to a "sell" rating and set a $171.00 price target for the company. in a research note on Thursday, May 1st. The Goldman Sachs Group boosted their price objective on shares of Cintas from $211.00 to $233.00 and gave the stock a "buy" rating in a research note on Thursday, March 27th. Robert W. Baird raised their target price on shares of Cintas from $200.00 to $227.00 and gave the company a "neutral" rating in a research note on Thursday, March 27th. Bank of America assumed coverage on Cintas in a research report on Thursday, April 10th. They set a "buy" rating and a $250.00 price target on the stock. Finally, UBS Group raised their price objective on Cintas from $218.00 to $240.00 and gave the company a "buy" rating in a research report on Thursday, March 27th. Three analysts have rated the stock with a sell rating, six have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $215.81.

Cintas Stock Performance

CTAS stock traded down $1.59 during trading hours on Friday, hitting $221.98. 1,252,851 shares of the stock were exchanged, compared to its average volume of 1,703,980. Cintas Co. has a 12 month low of $171.26 and a 12 month high of $229.24. The company has a current ratio of 1.58, a quick ratio of 1.38 and a debt-to-equity ratio of 0.47. The company has a 50-day simple moving average of $215.30 and a two-hundred day simple moving average of $205.67. The firm has a market capitalization of $89.63 billion, a P/E ratio of 53.52, a P/E/G ratio of 3.98 and a beta of 1.08.

Cintas (NASDAQ:CTAS - Get Free Report) last announced its quarterly earnings data 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. The firm had revenue of $2.61 billion during the quarter, compared to analysts' expectations of $2.60 billion. Cintas had a return on equity of 40.62% and a net margin of 17.23%. The company's quarterly revenue was up 8.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.84 EPS. On average, analysts forecast that Cintas Co. will post 4.31 earnings per share for the current fiscal year.

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 paid a $0.39 dividend. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $1.56 annualized dividend and a dividend yield of 0.70%. Cintas's payout ratio is 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.