Cintas Co. (NASDAQ:CTAS) Shares Purchased by Unio Capital LLC

Unio Capital LLC boosted its holdings in Cintas Co. (NASDAQ:CTAS - Free Report) by 46.2% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 70,772 shares of the business services provider's stock after buying an additional 22,355 shares during the period. Cintas makes up about 4.6% of Unio Capital LLC's investment portfolio, making the stock its 12th largest position. Unio Capital LLC's holdings in Cintas were worth $12,930,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Sound Income Strategies LLC acquired a new stake in Cintas in the fourth quarter valued at approximately $27,000. Cyrus J. Lawrence LLC purchased a new position in shares of Cintas in the fourth quarter valued at $29,000. Endeavor Private Wealth Inc. acquired a new stake in Cintas during the 4th quarter valued at $31,000. IAG Wealth Partners LLC increased its stake in Cintas by 136.8% during the 4th quarter. IAG Wealth Partners LLC now owns 180 shares of the business services provider's stock worth $33,000 after buying an additional 104 shares during the period. Finally, Newbridge Financial Services Group Inc. purchased a new stake in Cintas during the 4th quarter worth $34,000. 63.46% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, COO Jim Rozakis sold 2,000 shares of the business's 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 completion of the transaction, the chief operating officer now 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 sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Ronald W. Tysoe sold 8,521 shares of the stock in a transaction dated Monday, April 14th. The stock was sold at an average price of $208.96, for a total transaction of $1,780,548.16. Following the completion of the sale, the director now directly owns 27,029 shares in the company, valued at approximately $5,647,979.84. This trade represents a 23.97% decrease in their position. The disclosure for this sale can be found here. 15.00% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on CTAS. UBS Group raised their target price on Cintas from $218.00 to $240.00 and gave the company a "buy" rating in a research note on Thursday, March 27th. Morgan Stanley increased their price target on Cintas from $195.00 to $213.00 and gave the company an "equal weight" rating in a report on Thursday, March 27th. Truist Financial lifted 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. The Goldman Sachs Group increased their target price on Cintas from $211.00 to $233.00 and gave the company a "buy" rating in a research note on Thursday, March 27th. Finally, Redburn Atlantic downgraded shares of Cintas from a "neutral" rating to a "sell" rating and set a $171.00 price target for the company. in a research report on Thursday, May 1st. Three analysts have rated the stock with a sell rating, six have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Cintas currently has a consensus rating of "Hold" and a consensus target price of $213.88.

Cintas Trading Up 1.0%

Cintas stock opened at $223.03 on Tuesday. Cintas Co. has a 1 year low of $164.93 and a 1 year high of $228.12. The firm's 50-day moving average is $205.13 and its 200-day moving average is $204.82. 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 company has a market cap of $90.06 billion, a P/E ratio of 53.77, a PEG ratio of 3.98 and a beta of 1.09.

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 (EPS) for the quarter, topping 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 analysts' expectations of $2.60 billion. During the same quarter last year, the company posted $3.84 earnings per share. Cintas's revenue was up 8.4% on a year-over-year basis. On average, equities analysts expect that Cintas Co. will post 4.31 earnings per share for the current year.

Cintas Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Thursday, May 15th will be given a dividend of $0.39 per share. The ex-dividend date 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%.

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.

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