Tobam Increases Holdings in Cintas Corporation $CTAS

Tobam increased its position in Cintas Corporation (NASDAQ:CTAS) by 21,826.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,043 shares of the business services provider’s stock after purchasing an additional 5,020 shares during the quarter. Tobam’s holdings in Cintas were worth $948,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. One Capital Management LLC lifted its holdings in shares of Cintas by 0.9% in the 4th quarter. One Capital Management LLC now owns 6,160 shares of the business services provider’s stock worth $1,159,000 after buying an additional 53 shares during the period. Richardson Financial Services Inc. increased its stake in shares of Cintas by 1.1% during the fourth quarter. Richardson Financial Services Inc. now owns 5,058 shares of the business services provider’s stock valued at $951,000 after buying an additional 54 shares during the period. Woodward Diversified Capital LLC increased its stake in shares of Cintas by 4.8% during the fourth quarter. Woodward Diversified Capital LLC now owns 1,288 shares of the business services provider’s stock valued at $242,000 after buying an additional 59 shares during the period. Mather Group LLC. raised its holdings in shares of Cintas by 1.4% in the fourth quarter. Mather Group LLC. now owns 4,381 shares of the business services provider’s stock valued at $824,000 after acquiring an additional 59 shares in the last quarter. Finally, Ausdal Financial Partners Inc. raised its holdings in shares of Cintas by 2.8% in the second quarter. Ausdal Financial Partners Inc. now owns 2,287 shares of the business services provider’s stock valued at $510,000 after acquiring an additional 63 shares in the last quarter. 63.46% of the stock is currently owned by hedge funds and other institutional investors.

Cintas Stock Performance

Shares of CTAS opened at $170.85 on Friday. The company has a current ratio of 1.98, a quick ratio of 1.74 and a debt-to-equity ratio of 0.51. The firm has a market cap of $68.36 billion, a PE ratio of 48.26, a P/E/G ratio of 2.72 and a beta of 0.94. Cintas Corporation has a 12 month low of $161.16 and a 12 month high of $226.75. The stock has a fifty day moving average price of $173.50 and a 200-day moving average price of $183.88.

Cintas (NASDAQ:CTAS) last announced its earnings results on Wednesday, March 25th. The business services provider reported $1.24 earnings per share for the quarter, hitting the consensus estimate of $1.24. Cintas had a return on equity of 41.47% and a net margin of 17.57%.The firm had revenue of $2.84 billion for the quarter, compared to the consensus estimate of $2.82 billion. During the same period in the previous year, the business earned $1.13 EPS. The firm’s revenue for the quarter was up 8.9% on a year-over-year basis. Equities research analysts predict that Cintas Corporation will post 4.89 earnings per share for the current fiscal year.

Cintas Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, May 15th were issued a dividend of $0.45 per share. The ex-dividend date was Friday, May 15th. This represents a $1.80 annualized dividend and a dividend yield of 1.1%. Cintas’s dividend payout ratio is 50.85%.

Insider Activity

In related news, Director Ronald W. Tysoe sold 4,666 shares of the stock in a transaction that occurred on Monday, April 20th. The shares were sold at an average price of $178.87, for a total value of $834,607.42. Following the completion of the transaction, the director directly owned 22,448 shares of the company’s stock, valued at $4,015,273.76. This trade represents a 17.21% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 14.90% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research analysts have issued reports on CTAS shares. Stifel Nicolaus dropped their target price on shares of Cintas from $222.00 to $190.00 and set a “hold” rating on the stock in a report on Thursday, March 26th. Truist Financial reduced their price target on shares of Cintas from $255.00 to $225.00 and set a “buy” rating for the company in a report on Monday, June 15th. UBS Group reaffirmed a “buy” rating on shares of Cintas in a research report on Thursday, March 12th. Citigroup dropped their price objective on shares of Cintas from $181.00 to $160.00 and set a “sell” rating on the stock in a research note on Tuesday, March 31st. Finally, Weiss Ratings lowered shares of Cintas from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Cintas currently has an average rating of “Hold” and a consensus target price of $215.92.

Cintas Profile

Cintas Corporation (NASDAQ: CTAS) is a provider of business services and products focused on workplace appearance, safety and facility maintenance. The company is best known for its uniform rental and corporate apparel programs, which include rental, leasing and direct-purchase options, laundering and garment repair. Cintas markets its services to a wide range of end-users, including manufacturing, food service, healthcare, hospitality, retail and government customers.

Beyond uniforms, Cintas offers a suite of facility services and products designed to help organizations maintain clean, safe and compliant workplaces.