Stifel Financial Corp Reduces Stake in Cintas Co. (NASDAQ:CTAS)

Stifel Financial Corp lessened its holdings in Cintas Co. (NASDAQ:CTAS - Free Report) by 2.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,342,369 shares of the business services provider's stock after selling 39,764 shares during the quarter. Stifel Financial Corp owned 0.33% of Cintas worth $245,254,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Barclays PLC raised its holdings in Cintas by 340.1% in the third quarter. Barclays PLC now owns 1,089,535 shares of the business services provider's stock worth $224,312,000 after purchasing an additional 841,952 shares during the period. Virtu Financial LLC boosted its holdings in shares of Cintas by 168.1% during the third quarter. Virtu Financial LLC now owns 14,468 shares of the business services provider's stock worth $2,979,000 after acquiring an additional 9,072 shares during the period. Morse Asset Management Inc lifted its holdings in shares of Cintas by 299.8% during the third quarter. Morse Asset Management Inc now owns 21,229 shares of the business services provider's stock worth $4,371,000 after buying an additional 15,919 shares in the last quarter. Wealthquest Corp grew its position in Cintas by 285.9% during the third quarter. Wealthquest Corp now owns 14,848 shares of the business services provider's stock worth $3,027,000 after buying an additional 11,000 shares in the last quarter. Finally, Anchor Investment Management LLC raised its position in shares of Cintas by 299.7% in the 3rd quarter. Anchor Investment Management LLC now owns 2,294 shares of the business services provider's stock valued at $472,000 after buying an additional 1,720 shares in the last quarter. 63.46% of the stock is currently owned by institutional investors.

Insider Transactions at Cintas

In other Cintas news, Director Ronald W. Tysoe sold 8,521 shares of Cintas stock in a transaction that occurred on Monday, April 14th. The stock was 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 of the company's stock, valued at $5,647,979.84. The trade was a 23.97 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, COO Jim Rozakis sold 2,000 shares of the firm'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 directly owns 256,528 shares in the company, valued at $48,835,235.36. The trade was a 0.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 15.00% of the company's stock.

Cintas Stock Up 1.0 %

NASDAQ:CTAS traded up $2.06 during mid-day trading on Thursday, hitting $209.75. 1,505,944 shares of the company's stock traded hands, compared to its average volume of 1,694,916. 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 capitalization of $84.69 billion, a P/E ratio of 50.57, a P/E/G ratio of 3.98 and a beta of 1.20. The company has a fifty day moving average of $201.40 and a 200 day moving average of $204.32. Cintas Co. has a twelve month low of $162.16 and a twelve month high of $228.12.

Cintas (NASDAQ:CTAS - Get Free Report) last posted 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. Cintas had a net margin of 17.23% and a return on equity of 40.62%. The business had revenue of $2.61 billion during the quarter, compared to analysts' expectations of $2.60 billion. During the same quarter last year, the company posted $3.84 earnings per share. The business's quarterly revenue was up 8.4% on a year-over-year basis. On average, analysts forecast that Cintas Co. will post 4.31 EPS for the current year.

Cintas Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Thursday, May 15th will be issued a $0.39 dividend. The ex-dividend date is Thursday, May 15th. This represents a $1.56 annualized dividend and a yield of 0.74%. Cintas's payout ratio is 36.11%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Argus upgraded shares of Cintas to a "strong-buy" rating in a research report on Wednesday, April 16th. 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 report on Thursday, March 27th. Morgan Stanley increased their target price on Cintas from $195.00 to $213.00 and gave the company an "equal weight" rating in a research note on Thursday, March 27th. Truist Financial increased their price target on shares of Cintas from $215.00 to $230.00 and gave the company a "buy" rating in a research report on Thursday, March 27th. Finally, 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 research note on Thursday, March 27th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $213.62.

Cintas 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.