OMERS ADMINISTRATION Corp Has $3.99 Million Stake in Cintas Co. (NASDAQ:CTAS)

OMERS ADMINISTRATION Corp cut its holdings in shares of Cintas Co. (NASDAQ:CTAS - Free Report) by 6.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 21,838 shares of the business services provider's stock after selling 1,622 shares during the quarter. OMERS ADMINISTRATION Corp's holdings in Cintas were worth $3,990,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of CTAS. Sound Income Strategies LLC bought a new stake in shares of Cintas during the fourth quarter valued at approximately $27,000. Cyrus J. Lawrence LLC bought a new stake in shares of Cintas during the fourth quarter valued at approximately $29,000. Endeavor Private Wealth Inc. bought a new stake in shares of Cintas during the fourth quarter valued at approximately $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 valued at $33,000 after purchasing an additional 104 shares during the period. Finally, Newbridge Financial Services Group Inc. bought a new stake in shares of Cintas during the fourth quarter valued at approximately $34,000. 63.46% of the stock is currently owned by institutional investors and hedge funds.

Cintas Price Performance

Cintas stock traded up $2.36 on Friday, reaching $220.85. The company's stock had a trading volume of 1,430,885 shares, compared to its average volume of 1,705,578. 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 company has a market cap of $89.18 billion, a price-to-earnings ratio of 53.25, a PEG ratio of 3.98 and a beta of 1.09. The business's fifty day moving average price is $204.52 and its 200 day moving average price is $204.73. Cintas Co. has a twelve month low of $164.93 and a twelve month high of $228.12.

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

Cintas Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Thursday, May 15th will be paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date of this dividend is Thursday, May 15th. Cintas's dividend payout ratio is currently 36.11%.

Insiders Place Their Bets

In other news, COO Jim Rozakis sold 2,000 shares of the company's stock in a transaction on Monday, April 7th. The stock was sold at an average price of $190.37, for a total transaction of $380,740.00. Following the transaction, the chief operating officer now owns 256,528 shares of the company's stock, valued at $48,835,235.36. This represents a 0.77% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 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 transaction, the director now directly owns 27,029 shares in the company, valued at $5,647,979.84. This trade represents a 23.97% decrease in their position. The disclosure for this sale can be found here. Insiders own 15.00% of the company's stock.

Wall Street Analysts Forecast Growth

CTAS has been the topic of a number of research reports. Citigroup initiated coverage on Cintas in a research report on Monday, February 24th. They set a "sell" rating and a $161.00 price objective on the stock. UBS Group boosted 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. Redburn Atlantic cut Cintas from a "neutral" rating to a "sell" rating and set a $171.00 price objective on the stock. in a research report on Thursday, May 1st. The Goldman Sachs Group upped their price target on Cintas from $211.00 to $233.00 and gave the company a "buy" rating in a research report on Thursday, March 27th. Finally, Truist Financial upped their price target on Cintas from $215.00 to $230.00 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 given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Cintas currently has a consensus rating of "Hold" and an average price target 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.