1,138 Shares in Cintas Co. (NASDAQ:CTAS) Purchased by Bridgewater Associates LP

Bridgewater Associates LP bought a new stake in shares of Cintas Co. (NASDAQ:CTAS) in the 4th quarter, Holdings Channel reports. The firm bought 1,138 shares of the business services provider’s stock, valued at approximately $208,000.

A number of other hedge funds have also recently made changes to their positions in CTAS. Sound Income Strategies LLC purchased a new position in Cintas during the fourth quarter valued at $27,000. Cyrus J. Lawrence LLC purchased a new stake in Cintas during the 4th quarter valued at about $29,000. Endeavor Private Wealth Inc. purchased a new position in Cintas in the fourth quarter worth about $31,000. IAG Wealth Partners LLC lifted its stake in shares of Cintas by 136.8% in the fourth quarter. IAG Wealth Partners LLC now owns 180 shares of the business services provider’s stock worth $33,000 after buying an additional 104 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. purchased a new stake in shares of Cintas during the fourth quarter valued at approximately $34,000. 63.46% of the stock is owned by institutional investors.

Cintas Stock Performance

Shares of CTAS opened at $205.76 on Monday. Cintas Co. has a 52 week low of $162.16 and a 52 week high of $228.12. The company has a quick ratio of 1.38, a current ratio of 1.58 and a debt-to-equity ratio of 0.47. The stock has a market cap of $83.08 billion, a price-to-earnings ratio of 49.61, a PEG ratio of 3.98 and a beta of 1.20. The business has a 50-day simple moving average of $201.42 and a two-hundred day simple moving average of $204.32.

Cintas (NASDAQ:CTAS) last issued its quarterly earnings results 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. The business had revenue of $2.61 billion for the quarter, compared to the consensus estimate of $2.60 billion. Cintas had a net margin of 17.23% and a return on equity of 40.62%. The company’s revenue for the quarter was up 8.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.84 earnings per share. On average, analysts expect that Cintas Co. will post 4.31 EPS for the current year.

Cintas Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Thursday, May 15th will be paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.76%. The ex-dividend date is Thursday, May 15th. Cintas’s dividend payout ratio (DPR) is 36.11%.

Wall Street Analyst Weigh In

CTAS has been the topic of several analyst reports. The Goldman Sachs Group upped their price objective on Cintas from $211.00 to $233.00 and gave the company a “buy” rating in a research report on Thursday, March 27th. Truist Financial increased their price objective on Cintas from $215.00 to $230.00 and gave the company a “buy” rating in a research report on Thursday, March 27th. Bank of America started coverage on Cintas in a research report on Thursday, April 10th. They issued a “buy” rating and a $250.00 target price for the company. UBS Group raised their price target on shares of Cintas from $218.00 to $240.00 and gave the company a “buy” rating in a report on Thursday, March 27th. Finally, Wells Fargo & Company boosted their price objective on shares of Cintas from $184.00 to $196.00 and gave the company an “underweight” rating in a report on Thursday, March 27th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $213.62.

Insider Buying and Selling

In other news, COO Jim Rozakis sold 2,000 shares of the firm’s 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 completion of the transaction, the chief operating officer now owns 256,528 shares in the company, valued at $48,835,235.36. This trade represents a 0.77 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 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 transaction, the director now owns 27,029 shares of the company’s stock, valued at $5,647,979.84. This 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 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.