GC Wealth Management RIA LLC Sells 3,437 Shares of Cintas Corporation $CTAS

GC Wealth Management RIA LLC lowered its position in Cintas Corporation (NASDAQ:CTAS) by 12.2% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 24,742 shares of the business services provider’s stock after selling 3,437 shares during the quarter. GC Wealth Management RIA LLC’s holdings in Cintas were worth $4,653,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in CTAS. Brighton Jones LLC lifted its stake in shares of Cintas by 9.3% during the 4th quarter. Brighton Jones LLC now owns 1,268 shares of the business services provider’s stock valued at $232,000 after buying an additional 108 shares in the last quarter. Sivia Capital Partners LLC grew its stake in Cintas by 42.3% in the 2nd quarter. Sivia Capital Partners LLC now owns 1,441 shares of the business services provider’s stock valued at $321,000 after buying an additional 428 shares in the last quarter. Gamco Investors INC. ET AL purchased a new position in Cintas in the 2nd quarter valued at approximately $625,000. Treasurer of the State of North Carolina raised its holdings in Cintas by 20.3% during 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 acquiring an additional 35,781 shares during the period. Finally, Ieq Capital LLC lifted its position in shares of Cintas by 50.2% during the second quarter. Ieq Capital LLC now owns 92,924 shares of the business services provider’s stock worth $20,710,000 after acquiring an additional 31,068 shares in the last quarter. 63.46% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Ronald W. Tysoe sold 4,666 shares of Cintas stock in a transaction dated Monday, April 20th. The stock was sold at an average price of $178.87, for a total transaction of $834,607.42. Following the completion of the sale, the director owned 22,448 shares in the company, valued at approximately $4,015,273.76. This trade represents a 17.21% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 14.90% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Wells Fargo & Company raised Cintas from a “cautious” rating to an “overweight” rating and raised their price target for the stock from $205.00 to $245.00 in a report on Wednesday, January 14th. Stifel Nicolaus dropped their price objective on Cintas from $222.00 to $190.00 and set a “hold” rating on the stock in a report on Thursday, March 26th. Citigroup cut their target price on Cintas from $181.00 to $160.00 and set a “sell” rating for the company in a research note on Tuesday, March 31st. Weiss Ratings lowered Cintas from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, April 1st. Finally, Robert W. Baird upgraded Cintas from a “neutral” rating to an “outperform” rating and set a $250.00 price target on the stock in a research report on Wednesday, March 11th. One research 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 company. Based on data from MarketBeat.com, Cintas has an average rating of “Hold” and an average target price of $215.17.

Cintas Stock Up 0.1%

CTAS opened at $174.22 on Wednesday. The company has a fifty day moving average price of $184.51 and a 200-day moving average price of $187.40. The firm has a market capitalization of $69.70 billion, a P/E ratio of 49.21, a price-to-earnings-growth ratio of 3.06 and a beta of 1.01. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.98 and a quick ratio of 1.74. Cintas Corporation has a one year low of $165.60 and a one year high of $229.24.

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

Cintas Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 15th will be issued a $0.45 dividend. The ex-dividend date of this dividend is Friday, May 15th. This represents a $1.80 annualized dividend and a dividend yield of 1.0%. Cintas’s dividend payout ratio (DPR) is presently 50.85%.

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.