Cintas Co. (NASDAQ:CTAS) Stock Position Raised by Aptus Capital Advisors LLC

Aptus Capital Advisors LLC increased its holdings in shares of Cintas Co. (NASDAQ:CTAS - Free Report) by 13.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 90,575 shares of the business services provider's stock after purchasing an additional 10,562 shares during the period. Aptus Capital Advisors LLC's holdings in Cintas were worth $16,548,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of CTAS. Guardian Wealth Advisors LLC grew its position in Cintas by 3.1% in the fourth quarter. Guardian Wealth Advisors LLC now owns 1,741 shares of the business services provider's stock valued at $318,000 after acquiring an additional 52 shares in the last quarter. MGB Wealth Management LLC boosted its stake in shares of Cintas by 0.7% in the fourth quarter. MGB Wealth Management LLC now owns 7,248 shares of the business services provider's stock valued at $1,328,000 after purchasing an additional 52 shares during the period. TIAA Trust National Association grew its holdings in Cintas by 1.0% during the 4th quarter. TIAA Trust National Association now owns 5,380 shares of the business services provider's stock valued at $983,000 after purchasing an additional 52 shares in the last quarter. Wellspring Financial Advisors LLC increased its stake in Cintas by 4.6% during the 4th quarter. Wellspring Financial Advisors LLC now owns 1,171 shares of the business services provider's stock worth $214,000 after buying an additional 52 shares during the period. Finally, Johnson Financial Group Inc. lifted its holdings in Cintas by 7.7% in the 4th quarter. Johnson Financial Group Inc. now owns 728 shares of the business services provider's stock worth $146,000 after buying an additional 52 shares in the last quarter. Institutional investors and hedge funds own 63.46% of the company's stock.

Cintas Stock Performance

CTAS stock traded up $1.93 on Thursday, reaching $217.04. The company's stock had a trading volume of 467,517 shares, compared to its average volume of 1,692,690. Cintas Co. has a 52 week low of $164.93 and a 52 week high of $228.12. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.58 and a quick ratio of 1.38. The company has a market capitalization of $87.64 billion, a P/E ratio of 52.33, a price-to-earnings-growth ratio of 3.98 and a beta of 1.09. The firm has a fifty day moving average of $202.57 and a two-hundred day moving average of $204.40.

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

Cintas Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Thursday, May 15th will be paid a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 0.72%. The ex-dividend date is Thursday, May 15th. Cintas's payout ratio is currently 36.11%.

Wall Street Analysts Forecast Growth

CTAS has been the topic of several recent analyst reports. UBS Group boosted their price target on Cintas from $218.00 to $240.00 and gave the stock a "buy" rating in a research note on Thursday, March 27th. Royal Bank of Canada reiterated a "sector perform" rating and set a $215.00 target price on shares of Cintas in a research note on Thursday, March 27th. Citigroup started coverage on shares of Cintas in a research report on Monday, February 24th. They issued a "sell" rating and a $161.00 target price for the company. Wells Fargo & Company increased their price target on shares of Cintas from $184.00 to $196.00 and gave the stock an "underweight" rating in a research report on Thursday, March 27th. Finally, Truist Financial boosted their price objective on Cintas from $215.00 to $230.00 and gave the company a "buy" rating in a report on Thursday, March 27th. Three analysts have rated the stock with a sell rating, six have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $213.88.

Insider Activity

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

Cintas Company Profile

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.