Tidal Investments LLC Purchases 123,373 Shares of Cintas Co. (NASDAQ:CTAS)

Tidal Investments LLC lifted its position in shares of Cintas Co. (NASDAQ:CTAS - Free Report) by 418.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 152,865 shares of the business services provider's stock after acquiring an additional 123,373 shares during the period. Tidal Investments LLC's holdings in Cintas were worth $27,928,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Sound Income Strategies LLC bought a new position in Cintas in the 4th quarter worth about $27,000. Cyrus J. Lawrence LLC bought a new position in Cintas in the 4th quarter worth approximately $29,000. Endeavor Private Wealth Inc. acquired a new stake in Cintas in the 4th quarter valued at approximately $31,000. IAG Wealth Partners LLC increased its position in Cintas by 136.8% in the 4th quarter. IAG Wealth Partners LLC now owns 180 shares of the business services provider's stock valued at $33,000 after acquiring an additional 104 shares during the period. Finally, Newbridge Financial Services Group Inc. bought a new stake in Cintas during the 4th quarter valued at $34,000. 63.46% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Argus raised shares of Cintas to a "strong-buy" rating in a report on Wednesday, April 16th. Truist Financial upped their price target on shares of Cintas from $215.00 to $230.00 and gave the stock a "buy" rating in a research note on Thursday, March 27th. Bank of America started coverage on shares of Cintas in a research note on Thursday, April 10th. They set a "buy" rating and a $250.00 price objective on the stock. Robert W. Baird upped their target price on Cintas from $200.00 to $227.00 and gave the stock a "neutral" rating in a research report on Thursday, March 27th. Finally, UBS Group increased their price target on Cintas from $218.00 to $240.00 and gave the company a "buy" rating in a research note on Thursday, March 27th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $213.88.

Insider Buying and Selling at Cintas

In other Cintas news, COO Jim Rozakis sold 2,000 shares of the stock in a transaction on Monday, April 7th. The shares were sold at an average price of $190.37, for a total transaction of $380,740.00. Following the transaction, the chief operating officer now directly owns 256,528 shares of the company's stock, valued at $48,835,235.36. This represents a 0.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 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 transaction, the director now owns 27,029 shares in the company, valued at approximately $5,647,979.84. This trade represents a 23.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 15.00% of the company's stock.

Cintas Stock Up 0.3%

Shares of NASDAQ:CTAS traded up $0.66 during midday trading on Friday, hitting $222.32. 435,401 shares of the stock were exchanged, compared to its average volume of 1,705,433. The company has a market capitalization of $89.77 billion, a PE ratio of 53.59, a P/E/G ratio of 3.98 and a beta of 1.09. 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 quick ratio of 1.38 and a current ratio of 1.58. The business's fifty day simple moving average is $206.87 and its two-hundred day simple moving average is $205.16.

Cintas (NASDAQ:CTAS - Get Free Report) last posted its quarterly earnings results on Wednesday, March 26th. The business services provider reported $1.13 earnings per share 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 the consensus estimate of $2.60 billion. Cintas had a return on equity of 40.62% and a net margin of 17.23%. The business's quarterly revenue was up 8.4% on a year-over-year basis. During the same period last year, the business earned $3.84 EPS. As a group, research analysts predict that Cintas Co. will post 4.31 earnings per share for the current fiscal year.

Cintas Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Thursday, May 15th will be paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date is Thursday, May 15th. Cintas's dividend payout ratio (DPR) 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.