Cintas Co. (NASDAQ:CTAS) Shares Sold by Bristol Gate Capital Partners Inc.

Bristol Gate Capital Partners Inc. lessened its stake in Cintas Co. (NASDAQ:CTAS - Free Report) by 0.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 512,451 shares of the business services provider's stock after selling 4,108 shares during the quarter. Cintas accounts for about 4.6% of Bristol Gate Capital Partners Inc.'s portfolio, making the stock its 11th largest holding. Bristol Gate Capital Partners Inc. owned about 0.13% of Cintas worth $93,625,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Sound Income Strategies LLC purchased a new position in Cintas in the fourth quarter valued at $27,000. Cyrus J. Lawrence LLC purchased a new position in shares of Cintas in the 4th quarter valued at about $29,000. Endeavor Private Wealth Inc. acquired a new position in Cintas in the 4th quarter worth about $31,000. IAG Wealth Partners LLC raised its holdings in Cintas by 136.8% in 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. Finally, Newbridge Financial Services Group Inc. acquired a new stake in Cintas in the fourth quarter valued at approximately $34,000. Hedge funds and other institutional investors own 63.46% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on CTAS. Robert W. Baird lifted their price target 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. Bank of America started coverage on shares of Cintas in a research report on Thursday. They issued a "buy" rating and a $250.00 target price on the stock. Citigroup initiated coverage on shares of Cintas in a research report on Monday, February 24th. They set a "sell" rating and a $161.00 price target 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 research note on Thursday, March 27th. Finally, The Goldman Sachs Group boosted their price objective on Cintas from $211.00 to $233.00 and gave the stock a "buy" rating in a research note on Thursday, March 27th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $213.62.

Insider Activity

In related news, COO Jim Rozakis sold 2,000 shares of the business's stock in a transaction on 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 directly owns 256,528 shares of the company's stock, valued at $48,835,235.36. The trade was a 0.77 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 15.00% of the company's stock.

Cintas Trading Up 1.6 %

Shares of CTAS traded up $3.31 during trading on Friday, reaching $206.04. 2,116,050 shares of the company traded hands, compared to its average volume of 1,691,893. The stock has a 50-day simple moving average of $201.09 and a 200-day simple moving average of $204.25. 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 Co. has a twelve month low of $162.16 and a twelve month high of $228.12. The stock has a market cap of $83.20 billion, a PE ratio of 49.68, a price-to-earnings-growth ratio of 3.98 and a beta of 1.20.

Cintas (NASDAQ:CTAS - Get Free Report) last announced its earnings results on Wednesday, March 26th. The business services provider reported $1.13 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.05 by $0.08. Cintas had a return on equity of 40.62% and a net margin of 17.23%. The company had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.60 billion. During the same quarter in the previous year, the company earned $3.84 earnings per share. The firm's quarterly revenue was up 8.4% compared to the same quarter last year. On average, analysts anticipate that Cintas Co. will post 4.31 earnings per share 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 annualized dividend and a dividend yield of 0.76%. The ex-dividend date of this dividend is Thursday, May 15th. Cintas's payout ratio is 36.11%.

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.