Worldquant Millennium Advisors LLC Sells 160,057 Shares of Cintas Co. (NASDAQ:CTAS)

Worldquant Millennium Advisors LLC reduced its position in Cintas Co. (NASDAQ:CTAS - Free Report) by 40.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 239,119 shares of the business services provider's stock after selling 160,057 shares during the period. Worldquant Millennium Advisors LLC owned approximately 0.06% of Cintas worth $43,687,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the business. Sound Income Strategies LLC bought a new stake in shares of Cintas during the fourth quarter worth about $27,000. Cyrus J. Lawrence LLC bought a new stake in shares of Cintas during the fourth quarter worth about $29,000. Endeavor Private Wealth Inc. bought a new stake in shares of Cintas during the fourth quarter worth about $31,000. IAG Wealth Partners LLC increased its position 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 worth $33,000 after acquiring an additional 104 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. bought a new stake in shares of Cintas during the fourth quarter worth about $34,000. Institutional investors and hedge funds own 63.46% of the company's stock.

Insider Transactions at Cintas

In other news, Director Ronald W. Tysoe sold 8,521 shares of the firm's stock in a transaction dated 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 directly owns 27,029 shares of the company's stock, valued at approximately $5,647,979.84. This trade represents a 23.97% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO Jim Rozakis sold 2,000 shares of the firm's stock in a transaction dated Monday, April 7th. The stock was sold at an average price of $190.37, for a total transaction of $380,740.00. Following the completion of the sale, the chief operating officer now directly owns 256,528 shares of the company's stock, 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. Corporate insiders own 15.00% of the company's stock.

Analyst Ratings Changes

CTAS has been the topic of several analyst reports. Citigroup initiated coverage on shares of Cintas in a report on Monday, February 24th. They set a "sell" rating and a $161.00 price target on the stock. Redburn Atlantic cut shares of Cintas from a "neutral" rating to a "sell" rating and set a $171.00 price target on the stock. in a report on Thursday, May 1st. Wells Fargo & Company boosted their price target on shares of Cintas from $184.00 to $196.00 and gave the stock an "underweight" rating in a report on Thursday, March 27th. The Goldman Sachs Group boosted their price target on shares of Cintas from $211.00 to $233.00 and gave the stock a "buy" rating in a report on Thursday, March 27th. Finally, 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 report on Thursday, March 27th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $213.88.

Cintas Price Performance

Shares of Cintas stock opened at $223.03 on Tuesday. The firm has a market cap of $90.06 billion, a PE ratio of 53.77, a price-to-earnings-growth ratio of 3.98 and a beta of 1.09. Cintas Co. has a 12-month low of $164.93 and a 12-month high of $228.12. The company has a quick ratio of 1.38, a current ratio of 1.58 and a debt-to-equity ratio of 0.47. The company's fifty day simple moving average is $205.13 and its two-hundred day simple moving average is $204.82.

Cintas (NASDAQ:CTAS - Get Free Report) last announced its quarterly 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. The business had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.60 billion. Cintas had a net margin of 17.23% and a return on equity of 40.62%. The company's revenue was up 8.4% on a year-over-year basis. During the same quarter last year, the firm earned $3.84 EPS. As a group, equities analysts expect that Cintas Co. will post 4.31 EPS for the current year.

Cintas Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Thursday, May 15th will be given a $0.39 dividend. The ex-dividend date is Thursday, May 15th. This represents a $1.56 annualized dividend and a dividend yield of 0.70%. Cintas's dividend payout ratio is 36.11%.

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.

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