Unigestion Holding SA Has $7.86 Million Stock Holdings in Cintas Co. (NASDAQ:CTAS)

Unigestion Holding SA lowered its position in Cintas Co. (NASDAQ:CTAS - Free Report) by 12.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 38,236 shares of the business services provider's stock after selling 5,398 shares during the period. Unigestion Holding SA's holdings in Cintas were worth $7,859,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. MJP Associates Inc. ADV boosted its position in shares of Cintas by 2.1% during the fourth quarter. MJP Associates Inc. ADV now owns 2,412 shares of the business services provider's stock worth $441,000 after buying an additional 50 shares during the period. Guardian Wealth Advisors LLC lifted its stake in Cintas by 3.1% in the 4th quarter. Guardian Wealth Advisors LLC now owns 1,741 shares of the business services provider's stock valued at $318,000 after acquiring an additional 52 shares in the last quarter. MGB Wealth Management LLC boosted its position in Cintas by 0.7% during the 4th quarter. MGB Wealth Management LLC now owns 7,248 shares of the business services provider's stock worth $1,328,000 after acquiring an additional 52 shares during the last quarter. TIAA Trust National Association grew its stake in shares of Cintas by 1.0% during the 4th quarter. TIAA Trust National Association now owns 5,380 shares of the business services provider's stock worth $983,000 after acquiring an additional 52 shares in the last quarter. Finally, Wellspring Financial Advisors LLC grew its stake in shares of Cintas by 4.6% during the 4th quarter. Wellspring Financial Advisors LLC now owns 1,171 shares of the business services provider's stock worth $214,000 after acquiring an additional 52 shares in the last quarter. 63.46% of the stock is currently owned by institutional investors.

Insider Activity at Cintas

In other Cintas news, COO Jim Rozakis sold 2,000 shares of Cintas stock in a transaction on Monday, April 7th. The stock was sold at an average price of $190.37, for a total value of $380,740.00. Following the completion of the transaction, the chief operating officer now directly owns 256,528 shares of the company's stock, valued at $48,835,235.36. The trade was a 0.77% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Ronald W. Tysoe sold 8,521 shares of the company's 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 sale, the director now 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 disclosure for this sale can be found here. 15.00% of the stock is currently owned by corporate insiders.

Cintas Stock Performance

NASDAQ:CTAS traded down $0.47 during mid-day trading on Thursday, hitting $226.90. 1,283,976 shares of the stock were exchanged, compared to its average volume of 1,691,405. The firm's 50-day simple moving average is $211.89 and its 200 day simple moving average is $205.52. The stock has a market capitalization of $91.62 billion, a price-to-earnings ratio of 54.71, a price-to-earnings-growth ratio of 3.98 and a beta of 1.09. Cintas Co. has a fifty-two week low of $169.46 and a fifty-two week high of $228.76. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.38 and a current ratio of 1.58.

Cintas (NASDAQ:CTAS - Get Free Report) last announced its earnings results on Wednesday, March 26th. The business services provider reported $1.13 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.05 by $0.08. Cintas had a net margin of 17.23% and a return on equity of 40.62%. The company had revenue of $2.61 billion during the quarter, compared to analysts' expectations of $2.60 billion. During the same quarter in the previous year, the business posted $3.84 earnings per share. Cintas's quarterly revenue was up 8.4% on a year-over-year basis. As a group, equities analysts anticipate that Cintas Co. will post 4.31 EPS for the current fiscal year.

Cintas Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Thursday, May 15th will be issued a dividend of $0.39 per share. The ex-dividend date is Thursday, May 15th. This represents a $1.56 annualized dividend and a dividend yield of 0.69%. Cintas's dividend payout ratio is presently 36.11%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on CTAS. Royal Bank of Canada reissued a "sector perform" rating and issued a $215.00 price objective on shares of Cintas in a research report on Thursday, March 27th. Truist Financial raised their price target on Cintas from $215.00 to $230.00 and gave the company a "buy" rating in a research note on Thursday, March 27th. The Goldman Sachs Group upped their price objective on Cintas from $211.00 to $233.00 and gave the stock a "buy" rating in a research note on Thursday, March 27th. Morgan Stanley raised their target price on shares of Cintas from $195.00 to $213.00 and gave the company an "equal weight" rating in a research note on Thursday, March 27th. Finally, Citigroup began coverage on shares of Cintas in a research note on Monday, February 24th. They set a "sell" rating and a $161.00 price objective on the stock. Three analysts have rated the stock with a sell rating, six have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Cintas presently has an average rating of "Hold" and an average target price of $213.88.

About Cintas

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.