GTS Securities LLC Makes New $239,000 Investment in Cintas Co. (NASDAQ:CTAS)

GTS Securities LLC bought a new stake in Cintas Co. (NASDAQ:CTAS - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 1,308 shares of the business services provider's stock, valued at approximately $239,000.

Other hedge funds have also recently bought and sold shares of the company. Cyrus J. Lawrence LLC bought a new position in Cintas in the fourth quarter valued at about $29,000. IAG Wealth Partners LLC boosted its position in shares of Cintas by 136.8% during 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% in the fourth quarter. Meeder Asset Management Inc. now owns 190 shares of the business services provider's stock worth $35,000 after purchasing an additional 134 shares during the last quarter. Finally, OFI Invest Asset Management purchased a new position in Cintas in the fourth quarter worth $37,000. 63.46% of the stock is currently owned by institutional investors and hedge funds.

Cintas Price Performance

CTAS stock traded down $0.21 on Wednesday, reaching $227.37. 1,302,813 shares of the company's stock were exchanged, compared to its average volume of 1,693,036. The stock has a fifty day moving average of $211.89 and a 200-day moving average of $205.52. Cintas Co. has a twelve month low of $169.46 and a twelve month high of $228.65. The firm has a market cap of $91.81 billion, a PE ratio of 54.82, a P/E/G ratio of 3.98 and a beta of 1.09. The company has a quick ratio of 1.38, a current ratio of 1.58 and a debt-to-equity ratio of 0.47.

Cintas (NASDAQ:CTAS - Get Free Report) last released its earnings results on Wednesday, March 26th. The business services provider reported $1.13 earnings per share for the quarter, topping 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 for the quarter, compared to the consensus estimate of $2.60 billion. During the same period in the prior year, the business posted $3.84 earnings per share. The firm's revenue for the quarter was up 8.4% compared to the same quarter last year. As a group, equities analysts predict that Cintas Co. will post 4.31 EPS for the current fiscal year.

Cintas Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Thursday, May 15th will be given 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 is Thursday, May 15th. Cintas's dividend payout ratio (DPR) is presently 36.11%.

Insider Activity at Cintas

In related news, COO Jim Rozakis sold 2,000 shares of the firm's stock in a transaction 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 sale, the chief operating officer now owns 256,528 shares of the company's stock, valued at approximately $48,835,235.36. This trade represents a 0.77% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Ronald W. Tysoe sold 8,521 shares of the firm's stock in a transaction dated 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 completion of the transaction, 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 disclosure for this sale can be found here. 15.00% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on CTAS. Bank of America assumed coverage on Cintas in a research note on Thursday, April 10th. They set a "buy" rating and a $250.00 price objective on the stock. Citigroup began coverage on Cintas in a report on Monday, February 24th. They set a "sell" rating and a $161.00 target price for the company. Argus upgraded Cintas to a "strong-buy" rating in a report on Wednesday, April 16th. Truist Financial increased their price objective on Cintas from $215.00 to $230.00 and gave the stock a "buy" rating in a report on Thursday, March 27th. Finally, Wells Fargo & Company increased their target price on Cintas from $184.00 to $196.00 and gave the stock an "underweight" rating in a research report on Thursday, March 27th. Three analysts have rated the stock with a sell rating, six have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $213.88.

Cintas 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.