Crossmark Global Holdings Inc. Has $5 Million Stake in Cintas Corporation $CTAS

Crossmark Global Holdings Inc. trimmed its position in shares of Cintas Corporation (NASDAQ:CTAS) by 27.7% during the 4th quarter, HoldingsChannel reports. The firm owned 26,596 shares of the business services provider’s stock after selling 10,204 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Cintas were worth $5,002,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Triumph Capital Management acquired a new position in shares of Cintas in the 3rd quarter valued at about $29,000. Camelot Portfolios LLC acquired a new position in Cintas in the 4th quarter valued at approximately $26,000. Key Capital Management INC purchased a new stake in Cintas in the 4th quarter worth approximately $28,000. Ares Financial Consulting LLC acquired a new stake in shares of Cintas during the 4th quarter valued at $32,000. Finally, WPG Advisers LLC grew its holdings in shares of Cintas by 90.0% during the 3rd quarter. WPG Advisers LLC now owns 171 shares of the business services provider’s stock valued at $35,000 after acquiring an additional 81 shares in the last quarter. 63.46% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Cintas

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 value of $834,607.42. Following the transaction, the director directly owned 22,448 shares in the company, 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 SEC, which is accessible through this hyperlink. Insiders own 14.90% of the company’s stock.

Cintas Price Performance

Shares of Cintas stock opened at $166.97 on Monday. 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 fifty day simple moving average of $181.83 and a 200-day simple moving average of $186.85. The stock has a market capitalization of $66.80 billion, a price-to-earnings ratio of 47.17, a PEG ratio of 2.94 and a beta of 0.96. Cintas Corporation has a 1-year low of $165.46 and a 1-year high of $229.24.

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, meeting analysts’ consensus estimates of $1.24. The business had revenue of $2.84 billion for the quarter, compared to analyst estimates of $2.82 billion. Cintas had a net margin of 17.57% and a return on equity of 41.47%. Cintas’s revenue was up 8.9% compared to the same quarter last year. During the same period last year, the business posted $1.13 EPS. On average, sell-side analysts expect that Cintas Corporation will post 4.89 earnings per share for the current year.

Cintas Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, May 15th will be given a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Friday, May 15th. Cintas’s dividend payout ratio (DPR) is currently 50.85%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on CTAS. Argus raised Cintas to a “strong-buy” rating in a research report on Wednesday, January 21st. Bank of America initiated coverage on Cintas in a research note on Tuesday, February 17th. They set a “neutral” rating and a $215.00 price target for the company. Weiss Ratings lowered Cintas from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, April 1st. Wells Fargo & Company raised Cintas from a “cautious” rating to an “overweight” rating and boosted their price target for the company from $205.00 to $245.00 in a research note on Wednesday, January 14th. Finally, Robert W. Baird upgraded shares of Cintas from a “neutral” rating to an “outperform” rating and set a $250.00 price target on the stock in a research note on Wednesday, March 11th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $215.17.

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.