Strs Ohio Sells 10,542 Shares of Cintas Corporation $CTAS

Strs Ohio lowered its holdings in Cintas Corporation (NASDAQ:CTAS) by 8.2% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 117,337 shares of the business services provider’s stock after selling 10,542 shares during the quarter. Strs Ohio’s holdings in Cintas were worth $19,846,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the business. Brighton Jones LLC boosted its position in shares of Cintas by 9.3% in the fourth quarter. Brighton Jones LLC now owns 1,268 shares of the business services provider’s stock valued at $232,000 after acquiring an additional 108 shares during the period. Sivia Capital Partners LLC increased its position in Cintas by 42.3% during the second quarter. Sivia Capital Partners LLC now owns 1,441 shares of the business services provider’s stock worth $321,000 after acquiring an additional 428 shares during the period. Gamco Investors INC. ET AL acquired a new position in Cintas during the 2nd quarter valued at $625,000. Treasurer of the State of North Carolina boosted its holdings in Cintas by 20.3% in the 2nd quarter. Treasurer of the State of North Carolina now owns 212,192 shares of the business services provider’s stock valued at $47,291,000 after purchasing an additional 35,781 shares during the period. Finally, Ieq Capital LLC boosted its holdings in Cintas by 50.2% in the 2nd quarter. Ieq Capital LLC now owns 92,924 shares of the business services provider’s stock valued at $20,710,000 after purchasing an additional 31,068 shares during the period. 63.46% of the stock is owned by institutional investors.

Cintas Price Performance

NASDAQ:CTAS opened at $181.37 on Friday. The company has a 50-day moving average of $172.75 and a 200-day moving average of $182.99. The company has a market capitalization of $72.56 billion, a price-to-earnings ratio of 51.23, a PEG ratio of 2.89 and a beta of 0.94. Cintas Corporation has a 52 week low of $161.16 and a 52 week high of $226.75. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.74 and a current ratio of 1.98.

Cintas Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Friday, May 15th were paid a dividend of $0.45 per share. The ex-dividend date was Friday, May 15th. This represents a $1.80 dividend on an annualized basis and a yield of 1.0%. Cintas’s dividend payout ratio (DPR) is currently 50.85%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Bank of America dropped their price objective on shares of Cintas from $215.00 to $200.00 and set a “neutral” rating on the stock in a report on Monday, June 29th. Weiss Ratings downgraded Cintas from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, June 17th. Stifel Nicolaus lowered their price target on Cintas from $222.00 to $190.00 and set a “hold” rating on the stock in a research note on Thursday, March 26th. UBS Group reaffirmed a “buy” rating on shares of Cintas in a report on Thursday, March 12th. Finally, Citigroup reduced their price objective on Cintas from $181.00 to $160.00 and set a “sell” rating for the company in a research report on Tuesday, March 31st. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Cintas currently has an average rating of “Hold” and a consensus price target of $211.25.

Insider Buying and Selling

In other Cintas news, Director Ronald W. Tysoe sold 4,666 shares of Cintas stock in a transaction that occurred on Monday, April 20th. The stock was sold at an average price of $178.87, for a total transaction of $834,607.42. Following the sale, the director directly owned 22,448 shares of the company’s stock, valued at approximately $4,015,273.76. The trade was a 17.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 14.90% of the stock is currently owned by corporate insiders.

Cintas Company 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.