111 Capital Invests $4.65 Million in Cintas Co. (NASDAQ:CTAS)

111 Capital purchased a new stake in Cintas Co. (NASDAQ:CTAS - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 25,466 shares of the business services provider's stock, valued at approximately $4,653,000. Cintas makes up about 1.0% of 111 Capital's investment portfolio, making the stock its 17th largest holding.

Several other large investors have also modified their holdings of the business. Cyrus J. Lawrence LLC purchased a new position in Cintas in the 4th quarter valued at about $29,000. IAG Wealth Partners LLC raised its position in shares of Cintas by 136.8% in the fourth quarter. IAG Wealth Partners LLC now owns 180 shares of the business services provider's stock valued at $33,000 after buying an additional 104 shares during the last quarter. Newbridge Financial Services Group Inc. purchased a new position in shares of Cintas during the fourth quarter valued at approximately $34,000. Meeder Asset Management Inc. boosted its position in Cintas by 239.3% during the fourth quarter. Meeder Asset Management Inc. now owns 190 shares of the business services provider's stock worth $35,000 after acquiring an additional 134 shares during the last quarter. Finally, OFI Invest Asset Management acquired a new stake in Cintas during the fourth quarter worth approximately $37,000. 63.46% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Cintas

In related news, Director Ronald W. Tysoe sold 8,521 shares of Cintas stock in a transaction on Monday, April 14th. The shares were sold at an average price of $208.96, for a total transaction of $1,780,548.16. Following the sale, the director now owns 27,029 shares of the company's stock, valued at $5,647,979.84. The trade was a 23.97% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, 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 transaction of $380,740.00. Following the completion of the transaction, the chief operating officer now directly owns 256,528 shares of the company's stock, valued at approximately $48,835,235.36. The trade was a 0.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 15.00% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Citigroup initiated coverage on Cintas in a report on Monday, February 24th. They issued a "sell" rating and a $161.00 price target for the company. Royal Bank of Canada reiterated a "sector perform" rating and issued a $215.00 target price on shares of Cintas in a research note on Thursday, March 27th. The Goldman Sachs Group raised their price target on Cintas from $211.00 to $233.00 and gave the stock a "buy" rating in a research note on Thursday, March 27th. Truist Financial upped their price objective on shares of Cintas from $215.00 to $230.00 and gave the company a "buy" rating in a research note on Thursday, March 27th. Finally, UBS Group increased their price objective on shares of Cintas from $218.00 to $240.00 and gave the stock a "buy" rating in a report on Thursday, March 27th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $213.88.

Cintas Trading Up 0.8%

NASDAQ CTAS traded up $1.86 during mid-day trading on Friday, hitting $226.61. The company's stock had a trading volume of 2,393,633 shares, compared to its average volume of 1,697,585. The firm has a market capitalization of $91.50 billion, a P/E ratio of 54.64, a price-to-earnings-growth ratio of 3.98 and a beta of 1.09. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.58 and a quick ratio of 1.38. Cintas Co. has a 52-week low of $167.71 and a 52-week high of $228.12. The stock's fifty day simple moving average is $210.54 and its two-hundred day simple moving average is $205.13.

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

Cintas Dividend Announcement

The business also recently disclosed 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 dividend yield of 0.69%. The ex-dividend date of this dividend is Thursday, May 15th. Cintas's dividend payout ratio is presently 36.11%.

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.