1,251 Shares in Cintas Co. (NASDAQ:CTAS) Bought by Blue Capital Inc.

Blue Capital Inc. bought a new position in shares of Cintas Co. (NASDAQ:CTAS - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 1,251 shares of the business services provider's stock, valued at approximately $229,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of CTAS. Brevan Howard Capital Management LP increased its stake in Cintas by 27.5% during the 4th quarter. Brevan Howard Capital Management LP now owns 33,509 shares of the business services provider's stock worth $6,122,000 after buying an additional 7,236 shares during the period. Cary Street Partners Financial LLC acquired a new stake in shares of Cintas in the fourth quarter valued at $128,000. Caxton Associates LP boosted its holdings in Cintas by 3.2% in the fourth quarter. Caxton Associates LP now owns 5,105 shares of the business services provider's stock valued at $933,000 after purchasing an additional 157 shares during the period. Balyasny Asset Management L.P. grew its stake in Cintas by 288.2% during the 4th quarter. Balyasny Asset Management L.P. now owns 210,275 shares of the business services provider's stock worth $38,417,000 after purchasing an additional 156,113 shares in the last quarter. Finally, Baird Financial Group Inc. increased its holdings in Cintas by 4.3% during the 4th quarter. Baird Financial Group Inc. now owns 93,071 shares of the business services provider's stock worth $17,004,000 after purchasing an additional 3,862 shares during the period. 63.46% of the stock is currently owned by hedge funds and other institutional investors.

Cintas Price Performance

CTAS stock traded up $1.81 on Wednesday, reaching $215.12. The company had a trading volume of 1,917,196 shares, compared to its average volume of 1,697,521. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.38 and a current ratio of 1.58. The company has a market cap of $86.86 billion, a P/E ratio of 51.87, a PEG ratio of 3.98 and a beta of 1.09. Cintas Co. has a 1 year low of $164.93 and a 1 year high of $228.12. The company's fifty day moving average is $202.57 and its 200 day moving average is $204.40.

Cintas (NASDAQ:CTAS - Get Free Report) last released its earnings results on Wednesday, March 26th. The business services provider reported $1.13 EPS for the quarter, beating the consensus estimate of $1.05 by $0.08. Cintas had a return on equity of 40.62% and a net margin of 17.23%. The firm had revenue of $2.61 billion during the quarter, compared to analyst estimates of $2.60 billion. During the same period in the prior year, the firm posted $3.84 earnings per share. The business's quarterly revenue was up 8.4% compared to the same quarter last year. On average, research analysts forecast that Cintas Co. will post 4.31 earnings per share for the current year.

Cintas Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Thursday, May 15th will be issued a $0.39 dividend. The ex-dividend date is Thursday, May 15th. This represents a $1.56 annualized dividend and a yield of 0.73%. Cintas's payout ratio is 36.11%.

Insider Activity

In other Cintas news, COO Jim Rozakis sold 2,000 shares of the stock in a transaction that occurred on Monday, April 7th. The stock was sold at an average price of $190.37, for a total transaction of $380,740.00. Following the transaction, the chief operating officer now owns 256,528 shares of the company's stock, valued at $48,835,235.36. This trade represents a 0.77 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Ronald W. Tysoe sold 8,521 shares of the business's stock in a transaction that occurred on Monday, April 14th. The shares were sold at an average price of $208.96, for a total value of $1,780,548.16. Following the transaction, the director now owns 27,029 shares of the company's stock, valued at $5,647,979.84. This represents a 23.97 % decrease in their position. The disclosure for this sale can be found here. Insiders own 15.00% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on CTAS. Redburn Atlantic downgraded Cintas from a "neutral" rating to a "sell" rating and set a $171.00 price objective for the company. in a research report on Thursday, May 1st. Citigroup assumed coverage on Cintas in a research note on Monday, February 24th. They issued a "sell" rating and a $161.00 price target on the stock. Truist Financial upped their price objective on Cintas from $215.00 to $230.00 and gave the stock a "buy" rating in a research report on Thursday, March 27th. UBS Group boosted their price objective on shares of Cintas from $218.00 to $240.00 and gave the stock a "buy" rating in a research report on Thursday, March 27th. Finally, Argus raised Cintas to a "strong-buy" rating in a research report on Wednesday, April 16th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $213.88.

About Cintas

Cintas Corporation engages in the provision of corporate identity uniforms and related business services primarily in the United States, Canada, and Latin America. It operates through Uniform Rental and Facility Services, First Aid and Safety Services, and All Other segments. The company rents and services uniforms and other garments, including flame resistant clothing, mats, mops and shop towels, and other ancillary items; and provides restroom cleaning services and supplies, as well as sells uniforms.