DSG Capital Advisors LLC Takes $958,000 Position in Cintas Co. (NASDAQ:CTAS)

DSG Capital Advisors LLC bought a new stake in Cintas Co. (NASDAQ:CTAS - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 5,245 shares of the business services provider's stock, valued at approximately $958,000.

Other hedge funds also recently modified their holdings of the company. Cyrus J. Lawrence LLC bought a new position in Cintas in the 4th quarter worth approximately $29,000. IAG Wealth Partners LLC increased its holdings in shares of 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 purchasing an additional 104 shares during the period. Newbridge Financial Services Group Inc. bought a new stake in shares of Cintas in the fourth quarter valued at about $34,000. Meeder Asset Management Inc. raised its holdings in Cintas by 239.3% in the 4th quarter. Meeder Asset Management Inc. now owns 190 shares of the business services provider's stock valued at $35,000 after acquiring an additional 134 shares in the last quarter. Finally, OFI Invest Asset Management acquired a new stake in shares of Cintas during the 4th quarter worth approximately $37,000. Institutional investors and hedge funds own 63.46% of the company's stock.

Analysts Set New Price Targets

CTAS has been the subject of a number of recent research reports. Truist Financial increased their target price on Cintas from $215.00 to $230.00 and gave the stock a "buy" rating in a report on Thursday, March 27th. Robert W. Baird lifted their target price on shares of Cintas from $200.00 to $227.00 and gave the company a "neutral" rating in a research note on Thursday, March 27th. Bank of America started coverage on shares of Cintas in a research report on Thursday, April 10th. They set a "buy" rating and a $250.00 price target on the stock. The Goldman Sachs Group boosted their target price on Cintas from $211.00 to $233.00 and gave the stock a "buy" rating in a research report on Thursday, March 27th. Finally, Morgan Stanley increased their price objective on shares of Cintas from $195.00 to $213.00 and gave the company an "equal weight" rating in a report on Thursday, March 27th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, Cintas currently has a consensus rating of "Hold" and an average price target of $213.88.

Cintas Stock Up 0.8%

Cintas stock opened at $226.61 on Monday. The stock has a market cap of $91.50 billion, a P/E ratio of 54.64, 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 Co. has a twelve month low of $167.71 and a twelve month high of $228.12. The company's 50-day moving average price is $210.54 and its two-hundred day moving average price is $205.13.

Cintas (NASDAQ:CTAS - Get Free Report) last issued its quarterly earnings data on Wednesday, March 26th. The business services provider reported $1.13 EPS for the quarter, beating analysts' consensus estimates 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 analyst estimates of $2.60 billion. During the same period in the prior year, the firm posted $3.84 EPS. The company's revenue for the quarter was up 8.4% on a year-over-year basis. As a group, analysts expect that Cintas Co. will post 4.31 EPS for the current year.

Cintas Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Shareholders 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 annualized dividend and a yield of 0.69%. Cintas's dividend payout ratio is currently 36.11%.

Insider Transactions at Cintas

In other Cintas news, COO Jim Rozakis sold 2,000 shares of Cintas stock in a transaction dated 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 directly 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Ronald W. Tysoe sold 8,521 shares of the stock in a transaction that occurred 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 sale, the director now directly owns 27,029 shares of the company's stock, valued at $5,647,979.84. This 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 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.