Randolph Co Inc Sells 89,777 Shares of Cintas Corporation $CTAS

Randolph Co Inc lessened its stake in Cintas Corporation (NASDAQ:CTAS) by 33.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 176,253 shares of the business services provider’s stock after selling 89,777 shares during the quarter. Cintas makes up approximately 3.2% of Randolph Co Inc’s portfolio, making the stock its 13th biggest holding. Randolph Co Inc’s holdings in Cintas were worth $33,148,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Triumph Capital Management bought a new stake in shares of Cintas in the 3rd quarter worth approximately $29,000. Camelot Portfolios LLC bought a new stake in shares of Cintas in the 4th quarter worth approximately $26,000. Key Capital Management INC bought a new stake in shares of Cintas in the 4th quarter worth approximately $28,000. Ares Financial Consulting LLC bought a new stake in shares of Cintas in the 4th quarter worth approximately $32,000. Finally, Basepoint Wealth LLC bought a new stake in shares of Cintas in the 4th quarter worth approximately $34,000. Institutional investors own 63.46% of the company’s stock.

Wall Street Analyst Weigh In

CTAS has been the topic of a number of research reports. UBS Group reaffirmed a “buy” rating on shares of Cintas in a report on Thursday, March 12th. Bank of America initiated coverage on shares of Cintas in a report on Tuesday, February 17th. They issued a “neutral” rating and a $215.00 price target on the stock. Citigroup lowered their price target on shares of Cintas from $181.00 to $160.00 and set a “sell” rating on the stock in a report on Tuesday, March 31st. Weiss Ratings cut shares of Cintas from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, April 1st. Finally, Stifel Nicolaus lowered their target price on shares of Cintas from $222.00 to $190.00 and set a “hold” rating on the stock in a report on Thursday, March 26th. One 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 issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Cintas has a consensus rating of “Hold” and an average price target of $215.17.

Cintas Trading Up 3.0%

Shares of CTAS stock opened at $179.96 on Friday. The company’s fifty day simple moving average is $172.53 and its two-hundred day simple moving average is $184.52. 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 1 year low of $161.16 and a 1 year high of $229.24. The stock has a market capitalization of $72.00 billion, a price-to-earnings ratio of 50.84, a PEG ratio of 2.78 and a beta of 0.94.

Cintas (NASDAQ:CTAS) last issued 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. 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 quarter in the previous year, the firm posted $1.13 EPS. The business’s revenue for the quarter was up 8.9% compared to the same quarter last year. As a group, analysts anticipate that Cintas Corporation will post 4.89 earnings per share for the current year.

Cintas Announces Dividend

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

Insider Transactions at Cintas

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

Cintas 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.