USS Investment Management Ltd Sells 3,047 Shares of Cintas Co. (NASDAQ:CTAS)

USS Investment Management Ltd trimmed its position in Cintas Co. (NASDAQ:CTAS - Free Report) by 4.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 59,053 shares of the business services provider's stock after selling 3,047 shares during the quarter. USS Investment Management Ltd's holdings in Cintas were worth $10,787,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Sound Income Strategies LLC bought a new position in Cintas during the fourth quarter worth about $27,000. Cyrus J. Lawrence LLC bought a new position in Cintas during the fourth quarter worth about $29,000. Endeavor Private Wealth Inc. bought a new position in Cintas during the fourth quarter worth about $31,000. IAG Wealth Partners LLC boosted its holdings in Cintas by 136.8% during the fourth quarter. IAG Wealth Partners LLC now owns 180 shares of the business services provider's stock worth $33,000 after buying an additional 104 shares during the last quarter. Finally, Newbridge Financial Services Group Inc. bought a new position in Cintas during the fourth quarter worth about $34,000. Institutional investors own 63.46% of the company's stock.

Insider Buying and Selling

In other Cintas news, 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 transaction, the director now directly owns 27,029 shares in the company, valued at $5,647,979.84. The trade was a 23.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Jim Rozakis sold 2,000 shares of the company'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 completion of the transaction, the chief operating officer now owns 256,528 shares in the company, valued at approximately $48,835,235.36. This represents a 0.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. 15.00% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Morgan Stanley raised their target price on Cintas from $195.00 to $213.00 and gave the stock an "equal weight" rating in a report on Thursday, March 27th. Wells Fargo & Company raised their target price on Cintas from $184.00 to $196.00 and gave the stock an "underweight" rating in a report on Thursday, March 27th. Citigroup initiated coverage on Cintas in a report on Monday, February 24th. They set a "sell" rating and a $161.00 price objective on the stock. Truist Financial lifted their price objective on Cintas from $215.00 to $230.00 and gave the company a "buy" rating in a report on Thursday, March 27th. Finally, Redburn Atlantic cut Cintas from a "neutral" rating to a "sell" rating and set a $171.00 price objective on the stock. in a report on Thursday, May 1st. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Cintas currently has an average rating of "Hold" and an average target price of $213.88.

Cintas Stock Up 0.3%

NASDAQ CTAS traded up $0.63 during trading on Friday, hitting $222.29. The stock had a trading volume of 1,296,286 shares, compared to its average volume of 1,707,435. The company has a market capitalization of $89.76 billion, a PE ratio of 53.60, a P/E/G ratio of 3.98 and a beta of 1.09. The company's 50-day moving average price is $207.45 and its two-hundred day moving average price is $205.25. 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 Co. has a 12 month low of $164.93 and a 12 month high of $228.12.

Cintas (NASDAQ:CTAS - Get Free Report) last released its earnings results on Wednesday, March 26th. The business services provider reported $1.13 EPS for the quarter, beating the consensus estimate of $1.05 by $0.08. The firm had revenue of $2.61 billion for 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 business's quarterly revenue was up 8.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.84 EPS. As a group, sell-side analysts forecast that Cintas Co. will post 4.31 EPS for the current year.

Cintas Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Thursday, May 15th will be issued a dividend of $0.39 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $1.56 dividend on an annualized basis and a 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.