13,025 Shares in Cintas Co. (NASDAQ:CTAS) Purchased by First National Bank of Mount Dora Trust Investment Services

First National Bank of Mount Dora Trust Investment Services acquired a new stake in shares of Cintas Co. (NASDAQ:CTAS - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 13,025 shares of the business services provider's stock, valued at approximately $2,677,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Cyrus J. Lawrence LLC acquired a new stake in shares of Cintas during the 4th quarter worth about $29,000. IAG Wealth Partners LLC boosted its position in 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 acquiring an additional 104 shares during the last quarter. Newbridge Financial Services Group Inc. purchased a new stake in Cintas in the 4th quarter worth approximately $34,000. Meeder Asset Management Inc. grew its stake in Cintas by 239.3% in the 4th quarter. Meeder Asset Management Inc. now owns 190 shares of the business services provider's stock worth $35,000 after acquiring an additional 134 shares during the period. Finally, OFI Invest Asset Management acquired a new position in Cintas in the 4th quarter valued at $37,000. Hedge funds and other institutional investors own 63.46% of the company's stock.

Cintas Stock Down 1.1%

Shares of CTAS traded down $2.38 during midday trading on Tuesday, reaching $222.22. 2,099,729 shares of the company were exchanged, compared to its average volume of 1,696,663. Cintas Co. has a 1-year low of $169.46 and a 1-year high of $229.24. The stock has a 50-day moving average price of $213.03 and a 200-day moving average price of $205.48. 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 $89.73 billion, a price-to-earnings ratio of 53.58, a P/E/G ratio of 3.98 and a beta of 1.07.

Cintas (NASDAQ:CTAS - Get Free Report) last announced its earnings results on Wednesday, March 26th. The business services provider reported $1.13 EPS for the quarter, beating the consensus estimate of $1.05 by $0.08. The business had revenue of $2.61 billion for 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 company's revenue was up 8.4% on a year-over-year basis. During the same period last year, the business posted $3.84 EPS. Research analysts expect that Cintas Co. will post 4.31 earnings per share for the current year.

Cintas Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Thursday, May 15th will be issued 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 is currently 36.11%.

Insiders Place Their Bets

In other news, Director Ronald W. Tysoe sold 8,521 shares of the business'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 completion of the sale, the director now owns 27,029 shares of the company's stock, valued at approximately $5,647,979.84. The trade was a 23.97% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Jim Rozakis sold 2,000 shares of the 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 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 company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on CTAS shares. Argus upgraded Cintas to a "strong-buy" rating in a report on Wednesday, April 16th. Truist Financial raised their price target on 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 Cintas in a report on Thursday, April 10th. They issued a "buy" rating and a $250.00 price target for the company. Royal Bank of Canada increased their target price on Cintas from $215.00 to $240.00 and gave the stock a "sector perform" rating in a research report on Monday. Finally, Wells Fargo & Company lifted their target price on Cintas from $184.00 to $196.00 and gave the company an "underweight" rating in a report on Thursday, March 27th. 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's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $215.81.

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.