Inspire Investing LLC Acquires 4,952 Shares of Cintas Corporation $CTAS

Inspire Investing LLC boosted its holdings in shares of Cintas Corporation (NASDAQ:CTAS) by 12.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,208 shares of the business services provider’s stock after purchasing an additional 4,952 shares during the period. Cintas accounts for approximately 0.6% of Inspire Investing LLC’s holdings, making the stock its 20th largest holding. Inspire Investing LLC’s holdings in Cintas were worth $7,816,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of CTAS. One Capital Management LLC grew its holdings in shares of Cintas by 0.9% during the fourth quarter. One Capital Management LLC now owns 6,160 shares of the business services provider’s stock worth $1,159,000 after purchasing an additional 53 shares during the last quarter. Richardson Financial Services Inc. raised its holdings in shares of Cintas by 1.1% in 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 lifted its position in Cintas by 4.8% during 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. grew its holdings in Cintas by 1.4% during the 4th quarter. Mather Group LLC. now owns 4,381 shares of the business services provider’s stock worth $824,000 after acquiring an additional 59 shares during the last quarter. Finally, Ausdal Financial Partners Inc. grew its holdings in Cintas by 2.8% during the 2nd quarter. Ausdal Financial Partners Inc. now owns 2,287 shares of the business services provider’s stock worth $510,000 after acquiring an additional 63 shares during the last quarter. Institutional investors and hedge funds own 63.46% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on CTAS. UBS Group reaffirmed a “buy” rating on shares of Cintas in a research note on Thursday, March 12th. Weiss Ratings cut shares of Cintas from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, June 17th. Bank of America lowered their price target on shares of Cintas from $215.00 to $200.00 and set a “neutral” rating for the company in a report on Monday. Robert W. Baird upgraded shares of Cintas from a “neutral” rating to an “outperform” rating and set a $250.00 price objective for the company in a research report on Wednesday, March 11th. Finally, Truist Financial reduced their price objective on Cintas from $255.00 to $225.00 and set a “buy” rating on the stock in a report on Monday, June 15th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Cintas presently has an average rating of “Hold” and an average target price of $214.77.

Cintas Stock Performance

Shares of Cintas stock opened at $169.08 on Tuesday. The firm has a fifty day moving average of $172.78 and a two-hundred day moving average of $183.26. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.74 and a current ratio of 1.98. The stock has a market capitalization of $67.65 billion, a price-to-earnings ratio of 47.76, a PEG ratio of 2.74 and a beta of 0.94. Cintas Corporation has a 52 week low of $161.16 and a 52 week high of $226.75.

Cintas Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Friday, May 15th were paid a $0.45 dividend. The ex-dividend date of this dividend was Friday, May 15th. This represents a $1.80 annualized dividend and a yield of 1.1%. Cintas’s dividend payout ratio is presently 50.85%.

Insiders Place Their Bets

In other Cintas news, Director Ronald W. Tysoe sold 4,666 shares of the firm’s 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 transaction, 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 14.90% of the company’s stock.

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.