Cintas Corporation

NASDAQ Global Select
Back to all articles
Neutral +10

Cintas Corporation $CTAS Shares Sold by Diversified Trust Co

AI-generated analysis

📉 Diversified Trust Co reduced its Cintas position by 43.7% in Q1, selling 9,698 shares to retain a stake worth $2.116 million.

📈 Baron Wealth Management LLC increased its stake by 53.4%, while Corient Private Wealth LLC raised holdings by 13.7% during the same period.

📊 Cintas reported Q1 revenue of $2.84 billion, beating the consensus estimate of $2.82 billion with an 8.9% year-over-year increase.

💰 The company posted earnings per share of $1.24, matching analyst expectations and maintaining a net margin of 17.57%.

📉 Citigroup lowered its price target to $160 and assigned a 'sell' rating, while Stifel Nicolaus cut its target to $190.

📈 Robert W. Baird upgraded Cintas to an 'outperform' rating with a $250 price objective in a recent research note.

💵 The firm paid a quarterly dividend of $0.45 per share on June 15th, resulting in an annualized yield of 1.1%.

👔 Director Ronald W. Tysoe sold 4,666 shares for approximately $834,607 in April, reducing his personal stake by 17.21%.

🏦 Institutional investors and hedge funds collectively own 63.46% of Cintas Corporation's outstanding stock.

📉 The stock trades at a P/E ratio of 48.26 with a market capitalization of $68.36 billion and a beta of 0.94.

Bullish Signals
  • Cintas reported revenue of $2.84 billion, which beat the consensus estimate of $2.82 billion.
  • The company achieved a net margin of 17.57% and a return on equity of 41.47% for the quarter.
  • Quarterly revenue grew by 8.9% compared to the same quarter in the prior year.
  • Robert W. Baird upgraded the stock to an 'outperform' rating with a $250 price objective.
  • Baron Wealth Management LLC increased its stake by 53.4%, and Corient Private Wealth LLC raised holdings by 13.7%.
Risk Factors
  • Citigroup cut its price target to $160 and assigned a 'sell' rating on the stock.
  • Stifel Nicolaus lowered its price target from $222 to $190 with a 'hold' rating.
  • Weiss Ratings downgraded Cintas from a 'hold (c+)' to a 'hold (c)' rating.
  • Truist Financial reduced its price target from $255 to $225 despite maintaining a 'buy' rating.
  • Director Ronald W. Tysoe sold 4,666 shares, representing a 17.21% decrease in his personal position.
Full Analysis
Diversified Trust Co significantly reduced its stake in Cintas Corporation (NASDAQ:CTAS) by 43.7% during the first quarter, selling 9,698 shares and retaining a position valued at $2.116 million. Conversely, several other institutional investors increased their holdings, including Baron Wealth Management LLC which lifted its stake by 53.4%, and Corient Private Wealth LLC which raised its position by 13.7% to own 178,286 shares. Analyst sentiment regarding Cintas remains mixed with conflicting price targets and ratings. Robert W. Baird upgraded the stock to an 'outperform' rating with a $250 price objective, while Truist Financial lowered its target to $225. Conversely, Stifel Nicolaus cut its target to $190, and Citigroup reduced its objective to $160 with a 'sell' rating. The consensus rating is currently 'Hold' with an average price target of $215.92. Financially, Cintas reported earnings per share of $1.24 for the quarter, meeting analyst estimates, and revenue of $2.84 billion, slightly beating expectations of $2.82 billion. The company achieved a net margin of 17.57% and returned equity of 41.47%, with quarterly revenue growing 8.9% year-over-year. Additionally, the firm paid a quarterly dividend of $0.45 per share on June 15th. Insider trading activity saw Director Ronald W. Tysoe sell 4,666 shares for approximately $834,607 in April, representing a 17.21% decrease in his personal holdings. As of the latest data, institutional investors and hedge funds collectively own 63.46% of the company's stock, while insiders hold 14.90%. The stock trades at a P/E ratio of 48.26 with a market capitalization of $68.36 billion.