Bristol Gate Capital Partners Inc. Sells 5,843 Shares of Cintas Corporation $CTAS

Bristol Gate Capital Partners Inc. reduced its stake in shares of Cintas Corporation (NASDAQ:CTAS) by 1.5% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 374,391 shares of the business services provider’s stock after selling 5,843 shares during the period. Cintas comprises 4.1% of Bristol Gate Capital Partners Inc.’s investment portfolio, making the stock its 19th biggest position. Bristol Gate Capital Partners Inc.’s holdings in Cintas were worth $70,412,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. lifted its stake in shares of Cintas by 1.5% during the 3rd quarter. Vanguard Group Inc. now owns 38,948,620 shares of the business services provider’s stock valued at $7,994,594,000 after buying an additional 564,487 shares in the last quarter. Nordea Investment Management AB lifted its stake in shares of Cintas by 6.2% during the 4th quarter. Nordea Investment Management AB now owns 2,729,394 shares of the business services provider’s stock valued at $517,466,000 after buying an additional 158,785 shares in the last quarter. Ameriprise Financial Inc. lifted its stake in shares of Cintas by 0.5% during the 3rd quarter. Ameriprise Financial Inc. now owns 2,559,852 shares of the business services provider’s stock valued at $524,460,000 after buying an additional 12,841 shares in the last quarter. Amundi lifted its stake in shares of Cintas by 39.0% during the 3rd quarter. Amundi now owns 2,223,411 shares of the business services provider’s stock valued at $442,548,000 after buying an additional 623,770 shares in the last quarter. Finally, Pictet Asset Management Holding SA lifted its stake in shares of Cintas by 10.0% during the 4th quarter. Pictet Asset Management Holding SA now owns 2,002,205 shares of the business services provider’s stock valued at $376,647,000 after buying an additional 181,952 shares in the last quarter. 63.46% of the stock is owned by institutional investors.

Insider Transactions at Cintas

In other Cintas 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 sale, the director directly owned 22,448 shares in the company, valued at $4,015,273.76. This represents a 17.21% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 14.90% of the stock is owned by corporate insiders.

Cintas Stock Performance

NASDAQ CTAS opened at $172.93 on Friday. Cintas Corporation has a 1 year low of $161.16 and a 1 year high of $229.24. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.98 and a quick ratio of 1.74. The stock has a market capitalization of $69.19 billion, a PE ratio of 48.85, a P/E/G ratio of 3.03 and a beta of 0.96. The company’s 50 day simple moving average is $174.93 and its two-hundred day simple moving average is $185.28.

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

Cintas Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 15th will be paid a $0.45 dividend. The ex-dividend date is Friday, May 15th. This represents a $1.80 annualized dividend and a yield of 1.0%. Cintas’s dividend payout ratio is currently 50.85%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on CTAS shares. Citigroup dropped their price target 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. Bank of America started coverage on shares of Cintas in a research note on Tuesday, February 17th. They set a “neutral” rating and a $215.00 price target on the stock. Stifel Nicolaus dropped their price target on shares of Cintas from $222.00 to $190.00 and set a “hold” rating on the stock in a research note on Thursday, March 26th. Weiss Ratings cut shares of Cintas from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, April 1st. Finally, UBS Group restated a “buy” rating on shares of Cintas in a research note on Thursday, March 12th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $215.17.

About Cintas

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.