Peak Financial Advisors LLC Invests $3.36 Million in Cintas Co. (NASDAQ:CTAS)

Peak Financial Advisors LLC bought a new position in Cintas Co. (NASDAQ:CTAS - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 16,328 shares of the business services provider's stock, valued at approximately $3,356,000. Cintas comprises approximately 1.7% of Peak Financial Advisors LLC's portfolio, making the stock its 11th largest position.

Other institutional investors have also recently bought and sold shares of the company. Cyrus J. Lawrence LLC acquired a new position in Cintas during the fourth quarter valued at approximately $29,000. IAG Wealth Partners LLC boosted 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 buying an additional 104 shares during the last quarter. Newbridge Financial Services Group Inc. acquired a new stake in Cintas during the 4th quarter valued at approximately $34,000. Meeder Asset Management Inc. increased its stake in shares of Cintas by 239.3% in the fourth quarter. Meeder Asset Management Inc. now owns 190 shares of the business services provider's stock worth $35,000 after buying an additional 134 shares during the last quarter. Finally, OFI Invest Asset Management acquired a new stake in Cintas in the fourth quarter valued at $37,000. 63.46% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Truist Financial boosted their price objective on Cintas from $215.00 to $230.00 and gave the company a "buy" rating in a report on Thursday, March 27th. 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. Robert W. Baird boosted 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. Argus upgraded shares of Cintas to a "strong-buy" rating in a research note on Wednesday, April 16th. Finally, Redburn Atlantic downgraded Cintas from a "neutral" rating to a "sell" rating and set a $171.00 price objective for the company. in a research report on Thursday, May 1st. 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 assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $213.88.

Cintas Price Performance

Shares of Cintas stock traded down $0.47 during trading on Thursday, hitting $226.90. The stock had a trading volume of 1,285,634 shares, compared to its average volume of 1,691,414. The business has a fifty day moving average of $211.89 and a two-hundred day moving average of $205.52. The firm has a market cap of $91.62 billion, a P/E ratio of 54.71, a PEG ratio of 3.98 and a beta of 1.09. Cintas Co. has a fifty-two week low of $169.46 and a fifty-two week high of $228.80. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.58 and a quick ratio of 1.38.

Cintas (NASDAQ:CTAS - Get Free Report) last posted its quarterly earnings data on Wednesday, March 26th. The business services provider reported $1.13 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.08. Cintas had a net margin of 17.23% and a return on equity of 40.62%. The company had revenue of $2.61 billion during the quarter, compared to analyst estimates of $2.60 billion. During the same quarter last year, the firm posted $3.84 EPS. The business's revenue for the quarter was up 8.4% on a year-over-year basis. On average, sell-side analysts expect that Cintas Co. will post 4.31 earnings per share for the current fiscal year.

Cintas Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Thursday, May 15th will be given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.69%. The ex-dividend date of this dividend is Thursday, May 15th. Cintas's dividend payout ratio (DPR) is presently 36.11%.

Insider Activity

In other news, COO Jim Rozakis sold 2,000 shares of Cintas stock in a transaction that occurred on Monday, April 7th. The shares were sold at an average price of $190.37, for a total value 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 trade represents a 0.77% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Ronald W. Tysoe sold 8,521 shares of the company's 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 completion of the sale, the director now owns 27,029 shares of the company's stock, 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 currently owned by company insiders.

Cintas Company 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.