Cintas Co. (NASDAQ:CTAS) Shares Purchased by Principal Street Partners LLC

Principal Street Partners LLC increased its position in shares of Cintas Co. (NASDAQ:CTAS) by 300.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,588 shares of the business services provider’s stock after acquiring an additional 1,191 shares during the period. Principal Street Partners LLC’s holdings in Cintas were worth $290,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of CTAS. Barclays PLC grew its holdings in Cintas by 340.1% during the third quarter. Barclays PLC now owns 1,089,535 shares of the business services provider’s stock worth $224,312,000 after acquiring an additional 841,952 shares during the period. JPMorgan Chase & Co. grew its holdings in Cintas by 137.5% during the third quarter. JPMorgan Chase & Co. now owns 2,222,527 shares of the business services provider’s stock worth $457,574,000 after acquiring an additional 1,286,668 shares during the period. Merit Financial Group LLC boosted its position in shares of Cintas by 199.7% in the 4th quarter. Merit Financial Group LLC now owns 9,718 shares of the business services provider’s stock valued at $1,775,000 after purchasing an additional 6,475 shares during the period. HB Wealth Management LLC boosted its position in shares of Cintas by 1.9% in the 4th quarter. HB Wealth Management LLC now owns 6,800 shares of the business services provider’s stock valued at $1,242,000 after purchasing an additional 126 shares during the period. Finally, Grove Bank & Trust boosted its position in shares of Cintas by 52.8% in the 4th quarter. Grove Bank & Trust now owns 220 shares of the business services provider’s stock valued at $40,000 after purchasing an additional 76 shares during the period. 63.46% of the stock is owned by institutional investors and hedge funds.

Cintas Stock Down 0.1%

Shares of Cintas stock opened at $222.87 on Wednesday. The firm has a market cap of $89.99 billion, a price-to-earnings ratio of 53.74, a P/E/G ratio of 3.98 and a beta of 1.09. 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 Co. has a 52-week low of $164.93 and a 52-week high of $228.12. The stock has a 50-day simple moving average of $205.78 and a 200-day simple moving average of $204.95.

Cintas (NASDAQ:CTAS) last announced its quarterly earnings results on Wednesday, March 26th. The business services provider reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate 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% on a year-over-year basis. During the same period in the previous year, the company earned $3.84 EPS. On average, equities research analysts expect that Cintas Co. will post 4.31 earnings per share for the current fiscal year.

Cintas Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Thursday, May 15th will be issued a dividend of $0.39 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $1.56 annualized dividend and a dividend yield of 0.70%. Cintas’s dividend payout ratio is 36.11%.

Insider Activity

In related news, COO Jim Rozakis sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, April 7th. The stock was 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 approximately $48,835,235.36. This trade represents a 0.77% decrease in their position. The sale was disclosed in a legal filing 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 that occurred on 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 transaction, the director now directly owns 27,029 shares in the company, valued at $5,647,979.84. The trade was 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 recently weighed in on the company. Robert W. Baird increased their price target on Cintas from $200.00 to $227.00 and gave the company a “neutral” rating in a research report on Thursday, March 27th. Wells Fargo & Company increased their price target on Cintas from $184.00 to $196.00 and gave the company an “underweight” rating in a research report on Thursday, March 27th. Argus upgraded Cintas to a “strong-buy” rating in a research report on Wednesday, April 16th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $215.00 price target on shares of Cintas in a research report on Thursday, March 27th. Finally, Morgan Stanley increased their price target on Cintas from $195.00 to $213.00 and gave the company an “equal weight” rating in a research report on Thursday, March 27th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target 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.