Ronald W. Tysoe Sells 8,521 Shares of Cintas Co. (NASDAQ:CTAS) Stock

Cintas Co. (NASDAQ:CTAS - Get Free Report) Director Ronald W. Tysoe sold 8,521 shares of the business's stock in a transaction dated 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 completion of the transaction, the director now owns 27,029 shares in the company, valued at $5,647,979.84. The trade was a 23.97 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Cintas Stock Performance

Shares of NASDAQ CTAS traded down $5.35 during trading on Monday, reaching $200.41. 1,405,268 shares of the company traded hands, compared to its average volume of 1,702,626. The stock has a market cap of $80.92 billion, a P/E ratio of 48.32, a PEG ratio of 3.98 and a beta of 1.20. Cintas Co. has a 12-month low of $162.16 and a 12-month high of $228.12. The firm's fifty day simple moving average is $201.42 and its 200 day simple moving average is $204.32. The company has a current ratio of 1.58, a quick ratio of 1.38 and a debt-to-equity ratio of 0.47.

Cintas (NASDAQ:CTAS - Get Free Report) last released its quarterly earnings data 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. 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 company earned $3.84 earnings per share. The firm's revenue for the quarter was up 8.4% on a year-over-year basis. As a group, research analysts anticipate that Cintas Co. will post 4.31 earnings per share for the current fiscal year.

Cintas Dividend Announcement

The business 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 dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 0.78%. The ex-dividend date is Thursday, May 15th. Cintas's dividend payout ratio (DPR) is currently 36.11%.

Institutional Investors Weigh In On Cintas

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

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on CTAS shares. Robert W. Baird lifted their price objective on Cintas from $200.00 to $227.00 and gave the company a "neutral" rating in a research note on Thursday, March 27th. The Goldman Sachs Group upped their price target on shares of Cintas from $211.00 to $233.00 and gave the stock a "buy" rating in a research note on Thursday, March 27th. UBS Group raised their price objective on shares of Cintas from $218.00 to $240.00 and gave the company a "buy" rating in a research note on Thursday, March 27th. Morgan Stanley upped their target price on shares of Cintas from $195.00 to $213.00 and gave the stock an "equal weight" rating in a research note on Thursday, March 27th. Finally, Royal Bank of Canada reissued a "sector perform" rating and set a $215.00 price target on shares of Cintas in a research report on Thursday, March 27th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $213.62.

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.