Universal Beteiligungs und Servicegesellschaft mbH Acquires New Stake in Cintas Co. (NASDAQ:CTAS)

Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Cintas Co. (NASDAQ:CTAS - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 366,225 shares of the business services provider's stock, valued at approximately $66,909,000. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.09% of Cintas at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of CTAS. Sound Income Strategies LLC acquired a new stake in shares of Cintas in the 4th quarter valued at approximately $27,000. Cyrus J. Lawrence LLC purchased a new stake in Cintas during the fourth quarter valued at about $29,000. IAG Wealth Partners LLC boosted its position 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 purchasing an additional 104 shares during the period. Newbridge Financial Services Group Inc. acquired a new stake in Cintas in the fourth quarter valued at approximately $34,000. Finally, Meeder Asset Management Inc. lifted 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 worth $35,000 after buying an additional 134 shares in the last quarter. 63.46% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Cintas

In other Cintas 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 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. 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 can be accessed through this hyperlink. Also, Director Ronald W. Tysoe sold 8,521 shares of Cintas stock in a transaction 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 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. Insiders own 15.00% of the company's stock.

Cintas Trading Down 0.1%

Shares of CTAS stock traded down $0.33 during trading hours on Thursday, hitting $224.75. 974,167 shares of the company's stock traded hands, compared to its average volume of 1,699,667. The stock's 50 day simple moving average is $209.27 and its 200 day simple moving average is $205.33. Cintas Co. has a 12 month low of $165.06 and a 12 month high of $228.41. The stock has a market cap of $90.75 billion, a PE ratio of 54.19, a price-to-earnings-growth 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 (NASDAQ:CTAS - Get Free Report) last issued its earnings results 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 business had revenue of $2.61 billion during the quarter, compared to analyst estimates of $2.60 billion. Cintas had a return on equity of 40.62% and a net margin of 17.23%. The firm's revenue was up 8.4% compared to the same quarter last year. During the same period in the previous year, the company posted $3.84 EPS. On average, sell-side analysts anticipate that Cintas Co. will post 4.31 EPS for the current year.

Cintas Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Thursday, May 15th will be given a $0.39 dividend. This represents a $1.56 annualized dividend 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%.

Wall Street Analyst Weigh In

A number of research firms have commented on CTAS. Morgan Stanley increased their target price on Cintas from $195.00 to $213.00 and gave the stock an "equal weight" rating in a report on Thursday, March 27th. The Goldman Sachs Group raised their target price on shares of Cintas from $211.00 to $233.00 and gave the company a "buy" rating in a research note on Thursday, March 27th. Robert W. Baird increased their price objective on Cintas from $200.00 to $227.00 and gave the company a "neutral" rating in a research report on Thursday, March 27th. 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. Finally, Truist Financial boosted their price objective on shares of Cintas from $215.00 to $230.00 and gave the company a "buy" rating in a research report on Thursday, March 27th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $213.88.

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.