76,434 Shares in Cintas Co. (NASDAQ:CTAS) Acquired by GF Fund Management CO. LTD.

GF Fund Management CO. LTD. bought a new stake in Cintas Co. (NASDAQ:CTAS - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 76,434 shares of the business services provider's stock, valued at approximately $13,964,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of CTAS. Parr Mcknight Wealth Management Group LLC bought a new stake in shares of Cintas during the fourth quarter worth $2,584,000. Investment Management Corp VA ADV acquired a new stake in Cintas during the 4th quarter valued at approximately $466,000. GTS Securities LLC acquired a new stake in Cintas during the 4th quarter valued at approximately $239,000. Alpine Global Management LLC acquired a new position in shares of Cintas in the 4th quarter valued at $284,000. Finally, Vise Technologies Inc. increased its holdings in Cintas by 149.6% in the 4th quarter. Vise Technologies Inc. now owns 5,888 shares of the business services provider's stock worth $1,076,000 after acquiring an additional 3,529 shares in the last quarter. 63.46% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Cintas

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

Cintas Stock Down 0.2%

Cintas stock traded down $0.50 during midday trading on Thursday, hitting $224.59. 284,239 shares of the company were exchanged, compared to its average volume of 1,697,021. 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 fifty-two week low of $164.93 and a fifty-two week high of $228.41. The company's fifty day moving average price is $209.27 and its 200-day moving average price is $205.33. The company has a market cap of $90.68 billion, a PE ratio of 54.17, a price-to-earnings-growth ratio of 3.98 and a beta of 1.09.

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

Cintas Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Thursday, May 15th will be paid a dividend of $0.39 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $1.56 annualized dividend and a yield of 0.69%. Cintas's payout ratio is 36.11%.

Analyst Ratings Changes

A number of research analysts have commented on the stock. Truist Financial upped their target price on shares of Cintas from $215.00 to $230.00 and gave the company a "buy" rating in a research report on Thursday, March 27th. Bank of America began coverage on shares of Cintas in a research note on Thursday, April 10th. They issued a "buy" rating and a $250.00 price target on the stock. The Goldman Sachs Group increased their price target on shares of Cintas from $211.00 to $233.00 and gave the company a "buy" rating in a research note on Thursday, March 27th. UBS Group increased their price target on shares of Cintas from $218.00 to $240.00 and gave the company a "buy" rating in a research note on Thursday, March 27th. Finally, Argus raised Cintas to a "strong-buy" rating in a report on Wednesday, April 16th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average 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.