Yousif Capital Management LLC Lowers Position in Cintas Co. (NASDAQ:CTAS)

Yousif Capital Management LLC reduced its stake in Cintas Co. (NASDAQ:CTAS - Free Report) by 9.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 90,365 shares of the business services provider's stock after selling 9,403 shares during the period. Yousif Capital Management LLC's holdings in Cintas were worth $18,573,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Cyrus J. Lawrence LLC bought a new stake in shares of Cintas during the 4th quarter valued at $29,000. IAG Wealth Partners LLC lifted its position in Cintas by 136.8% during the 4th quarter. IAG Wealth Partners LLC now owns 180 shares of the business services provider's stock valued at $33,000 after acquiring an additional 104 shares during the period. Newbridge Financial Services Group Inc. bought a new stake in Cintas during the fourth quarter worth about $34,000. Meeder Asset Management Inc. boosted its stake in Cintas by 239.3% during the fourth quarter. Meeder Asset Management Inc. now owns 190 shares of the business services provider's stock worth $35,000 after acquiring an additional 134 shares in the last quarter. Finally, OFI Invest Asset Management purchased a new stake in Cintas in the fourth quarter worth about $37,000. 63.46% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Royal Bank of Canada reiterated a "sector perform" rating and set a $240.00 target price (up from $215.00) on shares of Cintas in a report on Monday. Truist Financial boosted their target price on Cintas from $215.00 to $230.00 and gave the stock a "buy" rating in a report on Thursday, March 27th. Citigroup began coverage on Cintas in a report on Monday, February 24th. They set a "sell" rating and a $161.00 price target for the company. 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 research note on Thursday, May 1st. Finally, Argus raised shares of Cintas to a "strong-buy" rating in a research report on Wednesday, April 16th. Three research analysts have rated the stock with a sell rating, six have issued 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, the company presently has an average rating of "Hold" and a consensus target price of $215.81.

Insider Activity at Cintas

In other news, COO Jim Rozakis sold 2,000 shares of the firm'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 sale, the chief operating officer now directly owns 256,528 shares in the company, valued at $48,835,235.36. This trade represents a 0.77% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Ronald W. Tysoe sold 8,521 shares of Cintas stock in a transaction on Monday, April 14th. The shares were sold at an average price of $208.96, for a total transaction of $1,780,548.16. Following the transaction, the director now owns 27,029 shares in the company, valued at approximately $5,647,979.84. This trade represents a 23.97% decrease in their position. The disclosure for this sale can be found here. 15.00% of the stock is currently owned by company insiders.

Cintas Stock Performance

Shares of NASDAQ CTAS traded down $0.24 during midday trading on Wednesday, hitting $221.99. 404,459 shares of the stock traded hands, compared to its average volume of 1,693,728. The firm has a market capitalization of $89.63 billion, a P/E ratio of 53.53, a PEG ratio of 3.98 and a beta of 1.08. Cintas Co. has a one year low of $169.96 and a one year high of $229.24. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.38 and a current ratio of 1.58. The firm has a 50-day moving average of $213.38 and a two-hundred day moving average of $205.59.

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

Cintas Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Thursday, May 15th will be issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.70%. The ex-dividend date of this dividend is Thursday, May 15th. Cintas's 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.