Randolph Co Inc Decreases Position in Cintas Corporation $CTAS

Randolph Co Inc decreased its position in shares of Cintas Corporation (NASDAQ:CTAS) by 2.2% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 172,435 shares of the business services provider’s stock after selling 3,818 shares during the quarter. Cintas accounts for 2.8% of Randolph Co Inc’s portfolio, making the stock its 20th largest position. Randolph Co Inc’s holdings in Cintas were worth $29,166,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. One Capital Management LLC boosted its stake in Cintas by 0.9% during the 4th quarter. One Capital Management LLC now owns 6,160 shares of the business services provider’s stock valued at $1,159,000 after purchasing an additional 53 shares during the last quarter. Richardson Financial Services Inc. boosted its position 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 last quarter. Woodward Diversified Capital LLC increased its holdings in Cintas by 4.8% in the 4th quarter. Woodward Diversified Capital LLC now owns 1,288 shares of the business services provider’s stock worth $242,000 after buying an additional 59 shares in the last quarter. Mather Group LLC. increased its holdings in Cintas by 1.4% in the 4th quarter. Mather Group LLC. now owns 4,381 shares of the business services provider’s stock worth $824,000 after buying an additional 59 shares in the last quarter. Finally, Ausdal Financial Partners Inc. raised its position in Cintas by 2.8% in the 2nd quarter. Ausdal Financial Partners Inc. now owns 2,287 shares of the business services provider’s stock worth $510,000 after buying an additional 63 shares during the last quarter. Institutional investors own 63.46% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on CTAS. Weiss Ratings downgraded shares of Cintas from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, June 17th. UBS Group reissued a “buy” rating on shares of Cintas in a report on Thursday, March 12th. Robert W. Baird upgraded shares of Cintas from a “neutral” rating to an “outperform” rating and set a $250.00 target price on the stock in a report on Wednesday, March 11th. Citigroup cut their target price on shares of Cintas from $181.00 to $160.00 and set a “sell” rating for the company in a research report on Tuesday, March 31st. Finally, Truist Financial decreased their target price on shares of Cintas from $255.00 to $225.00 and set a “buy” rating for the company in a research note on Monday, June 15th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $211.25.

Insider Buying and Selling

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

Cintas Stock Up 2.4%

Shares of CTAS stock opened at $174.23 on Thursday. Cintas Corporation has a 12 month low of $161.16 and a 12 month high of $226.75. The stock has a market cap of $69.71 billion, a P/E ratio of 49.22, a P/E/G ratio of 2.71 and a beta of 0.94. 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 company has a 50 day simple moving average of $172.51 and a two-hundred day simple moving average of $183.05.

Cintas Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, May 15th were paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 1.0%. The ex-dividend date was Friday, May 15th. Cintas’s dividend payout ratio is 50.85%.

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.