Unique Wealth LLC Grows Holdings in Cintas Co. (NASDAQ:CTAS)

Unique Wealth LLC boosted its holdings in Cintas Co. (NASDAQ:CTAS - Free Report) by 69.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,913 shares of the business services provider's stock after purchasing an additional 1,603 shares during the quarter. Unique Wealth LLC's holdings in Cintas were worth $804,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Signal Advisors Wealth LLC raised its position in Cintas by 9.7% during the 1st quarter. Signal Advisors Wealth LLC now owns 1,768 shares of the business services provider's stock worth $363,000 after buying an additional 156 shares during the last quarter. Retirement Planning Group LLC purchased a new position in Cintas during the 1st quarter worth $211,000. Thurston Springer Miller Herd & Titak Inc. raised its position in Cintas by 29.6% during the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 24,810 shares of the business services provider's stock worth $5,099,000 after buying an additional 5,663 shares during the last quarter. LS Investment Advisors LLC purchased a new position in Cintas during the 1st quarter worth $216,000. Finally, Sendero Wealth Management LLC purchased a new position in Cintas during the 1st quarter worth $253,000. Hedge funds and other institutional investors own 63.46% of the company's stock.

Insider Activity at Cintas

In other Cintas news, COO Jim Rozakis sold 2,000 shares of the firm's stock in a transaction dated Monday, April 7th. The shares were sold at an average price of $190.37, for a total transaction of $380,740.00. Following the sale, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Ronald W. Tysoe sold 8,521 shares of the firm's 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 sale, the director now directly owns 27,029 shares in the company, valued at $5,647,979.84. This represents a 23.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. 15.00% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have commented on CTAS shares. Truist Financial upped their price objective on shares of Cintas from $215.00 to $230.00 and gave the stock a "buy" rating in a research report on Thursday, March 27th. Morgan Stanley upped their price objective on shares of Cintas from $195.00 to $213.00 and gave the stock an "equal weight" rating in a research report on Thursday, March 27th. Royal Bank of Canada restated a "sector perform" rating and set a $215.00 price objective on shares of Cintas in a research report on Thursday, March 27th. Bank of America started coverage on shares of Cintas in a research note on Thursday, April 10th. They set a "buy" rating and a $250.00 price target on the stock. Finally, The Goldman Sachs Group upped their price target on shares of Cintas from $211.00 to $233.00 and gave the stock a "buy" rating in a research note on Thursday, March 27th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $213.88.

Cintas Price Performance

Shares of NASDAQ CTAS opened at $226.90 on Friday. The stock has a market cap of $91.62 billion, a price-to-earnings ratio of 54.71, a PEG ratio of 3.98 and a beta of 1.07. Cintas Co. has a 52 week low of $169.46 and a 52 week high of $228.66. The company's 50-day moving average price is $212.32 and its 200 day moving average price is $205.59. The company has a current ratio of 1.58, a quick ratio of 1.38 and a debt-to-equity ratio of 0.47.

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. The firm had revenue of $2.61 billion for the quarter, compared to analysts' expectations of $2.60 billion. Cintas had a net margin of 17.23% and a return on equity of 40.62%. The firm's revenue was up 8.4% on a year-over-year basis. During the same period in the prior year, the company earned $3.84 EPS. As a group, research analysts forecast that Cintas Co. will post 4.31 earnings per share for the current fiscal year.

Cintas Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Thursday, May 15th will be paid a $0.39 dividend. The ex-dividend date is Thursday, May 15th. This represents a $1.56 dividend on an annualized basis and a yield of 0.69%. Cintas's payout ratio is 36.11%.

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.

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