Thematics Asset Management Has $11.51 Million Position in Cintas Co. (NASDAQ:CTAS)

Thematics Asset Management reduced its position in Cintas Co. (NASDAQ:CTAS - Free Report) by 22.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 63,000 shares of the business services provider's stock after selling 18,000 shares during the quarter. Thematics Asset Management's holdings in Cintas were worth $11,510,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Sound Income Strategies LLC acquired a new position in shares of Cintas during the fourth quarter worth about $27,000. Cyrus J. Lawrence LLC purchased a new stake in shares of Cintas during the fourth quarter valued at approximately $29,000. Endeavor Private Wealth Inc. acquired a new position in shares of Cintas during the fourth quarter worth $31,000. IAG Wealth Partners LLC boosted its stake in shares of Cintas by 136.8% in 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. acquired a new position in Cintas in the 4th quarter worth $34,000. Institutional investors and hedge funds own 63.46% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Citigroup assumed coverage on Cintas in a research note on Monday, February 24th. They set a "sell" rating and a $161.00 target price for the company. UBS Group increased 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. Robert W. Baird upped their target price on shares of Cintas from $200.00 to $227.00 and gave the company a "neutral" rating in a research note on Thursday, March 27th. Argus raised Cintas to a "strong-buy" rating in a report on Wednesday, April 16th. Finally, Royal Bank of Canada reiterated a "sector perform" rating and issued a $215.00 target price on shares of Cintas in a research report on Thursday, March 27th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $213.62.

Cintas Trading Up 0.9 %

Shares of CTAS traded up $1.85 during midday trading on Wednesday, hitting $207.69. The stock had a trading volume of 1,785,903 shares, compared to its average volume of 1,700,917. Cintas Co. has a fifty-two week low of $162.16 and a fifty-two week high of $228.12. The business has a 50-day simple moving average of $201.33 and a two-hundred day simple moving average of $204.30. The company has a current ratio of 1.58, a quick ratio of 1.38 and a debt-to-equity ratio of 0.47. The firm has a market cap of $83.86 billion, a P/E ratio of 50.08, a price-to-earnings-growth ratio of 3.98 and a beta of 1.20.

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 (EPS) for the quarter, beating analysts' consensus estimates of $1.05 by $0.08. The firm had revenue of $2.61 billion during the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same period in the previous year, the company earned $3.84 earnings per share. As a group, equities analysts forecast that Cintas Co. will post 4.31 EPS for the current year.

Cintas Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Thursday, May 15th will be paid a $0.39 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $1.56 annualized dividend and a dividend yield of 0.75%. Cintas's dividend payout ratio is presently 36.11%.

Insider Buying and Selling

In related news, Director Ronald W. Tysoe sold 8,521 shares of the business's stock in a transaction that occurred 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 completion of the transaction, the director now owns 27,029 shares in the company, valued at approximately $5,647,979.84. The trade was a 23.97 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Jim Rozakis sold 2,000 shares of the business's stock in a transaction that occurred on Monday, April 7th. The shares were sold at an average price of $190.37, for a total value of $380,740.00. Following the completion of 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 disclosure for this sale can be found here. 15.00% of the stock is currently owned by corporate insiders.

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.