Principal Street Partners LLC Purchases 1,191 Shares of Cintas Co. (NASDAQ:CTAS)

Principal Street Partners LLC lifted its holdings in shares of Cintas Co. (NASDAQ:CTAS - Free Report) by 300.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,588 shares of the business services provider's stock after purchasing an additional 1,191 shares during the quarter. Principal Street Partners LLC's holdings in Cintas were worth $290,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in CTAS. Sound Income Strategies LLC bought a new position in shares of Cintas during the fourth quarter worth approximately $27,000. Cyrus J. Lawrence LLC bought a new position in shares of Cintas during the fourth quarter worth approximately $29,000. Endeavor Private Wealth Inc. bought a new position in shares of Cintas during the fourth quarter worth approximately $31,000. IAG Wealth Partners LLC increased its holdings 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 worth $33,000 after purchasing an additional 104 shares during the period. Finally, Newbridge Financial Services Group Inc. bought a new position in shares of Cintas during the fourth quarter worth approximately $34,000. 63.46% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. UBS Group lifted their price objective 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. Truist Financial lifted 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. Argus raised shares of Cintas to a "strong-buy" rating in a research note on Wednesday, April 16th. Royal Bank of Canada reissued a "sector perform" rating and issued a $215.00 price objective on shares of Cintas in a research note on Thursday, March 27th. Finally, Citigroup assumed coverage on shares of Cintas in a research note on Monday, February 24th. They issued a "sell" rating and a $161.00 price objective on the stock. Three analysts have rated the stock with a sell rating, six have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $213.88.

Cintas Price Performance

Cintas stock traded up $0.63 during mid-day trading on Friday, reaching $222.29. The company had a trading volume of 1,296,286 shares, compared to its average volume of 1,707,435. Cintas Co. has a fifty-two week low of $164.93 and a fifty-two week high of $228.12. The company has a current ratio of 1.58, a quick ratio of 1.38 and a debt-to-equity ratio of 0.47. The company has a market cap of $89.76 billion, a P/E ratio of 53.60, a P/E/G ratio of 3.98 and a beta of 1.09. The business has a fifty day simple moving average of $207.45 and a 200 day simple moving average of $205.25.

Cintas (NASDAQ:CTAS - Get Free Report) last issued its earnings results on Wednesday, March 26th. The business services provider reported $1.13 earnings per share 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 firm had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.60 billion. During the same quarter last year, the business posted $3.84 earnings per share. The company's quarterly revenue was up 8.4% on a year-over-year basis. On average, equities research analysts predict that Cintas Co. will post 4.31 earnings per share for the current year.

Cintas Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Thursday, May 15th will be given a $0.39 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $1.56 dividend on an annualized basis and a yield of 0.70%. Cintas's dividend payout ratio is currently 36.11%.

Insider Transactions at Cintas

In other 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 transaction, the director now owns 27,029 shares in the company, valued at approximately $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 Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Jim Rozakis sold 2,000 shares of Cintas 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 transaction, the chief operating officer now owns 256,528 shares in the company, valued at approximately $48,835,235.36. This trade represents a 0.77% decrease in their position. The disclosure for this sale can be found here. 15.00% of the stock is owned by company insiders.

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.