Cintas Co. (NASDAQ:CTAS) Shares Acquired by CreativeOne Wealth LLC

CreativeOne Wealth LLC increased its holdings in shares of Cintas Co. (NASDAQ:CTAS - Free Report) by 40.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 21,614 shares of the business services provider's stock after acquiring an additional 6,239 shares during the quarter. CreativeOne Wealth LLC's holdings in Cintas were worth $3,949,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Mariner LLC increased its position in Cintas by 0.6% during the fourth quarter. Mariner LLC now owns 105,620 shares of the business services provider's stock worth $19,297,000 after purchasing an additional 590 shares during the last quarter. Trustmark National Bank Trust Department boosted its holdings in Cintas by 2.2% during the 4th quarter. Trustmark National Bank Trust Department now owns 23,225 shares of the business services provider's stock valued at $4,243,000 after acquiring an additional 498 shares during the period. Savvy Advisors Inc. grew its holdings in shares of Cintas by 9.2% in the fourth quarter. Savvy Advisors Inc. now owns 1,239 shares of the business services provider's stock valued at $226,000 after purchasing an additional 104 shares in the last quarter. Summit Investment Advisors Inc. grew its position in shares of Cintas by 2.0% during the fourth quarter. Summit Investment Advisors Inc. now owns 23,472 shares of the business services provider's stock worth $4,288,000 after buying an additional 453 shares in the last quarter. Finally, Sagespring Wealth Partners LLC acquired a new stake in Cintas in the fourth quarter valued at approximately $449,000. Hedge funds and other institutional investors own 63.46% of the company's stock.

Insider Activity

In related news, COO Jim Rozakis sold 2,000 shares of the company's stock in a transaction 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 completion of the transaction, the chief operating officer now directly owns 256,528 shares in the company, valued at approximately $48,835,235.36. This represents a 0.77 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Ronald W. Tysoe sold 8,521 shares of the business'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 transaction of $1,780,548.16. Following the completion of the sale, the director now owns 27,029 shares of the company's stock, valued at approximately $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. Company insiders own 15.00% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on CTAS. Wells Fargo & Company boosted their target price on shares of Cintas from $184.00 to $196.00 and gave the stock an "underweight" rating in a research note on Thursday, March 27th. Bank of America began coverage on Cintas in a research report on Thursday, April 10th. They issued a "buy" rating and a $250.00 price target on the stock. Truist Financial lifted their target price on Cintas from $215.00 to $230.00 and gave the company a "buy" rating in a research note on Thursday, March 27th. Robert W. Baird lifted their price objective on shares of Cintas from $200.00 to $227.00 and gave the company a "neutral" rating in a research report on Thursday, March 27th. Finally, UBS Group boosted their target price on Cintas from $218.00 to $240.00 and gave the stock a "buy" rating in a research report on Thursday, March 27th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, Cintas has a consensus rating of "Hold" and a consensus target price of $213.62.

Cintas Price Performance

Shares of CTAS traded up $1.04 during mid-day trading on Friday, reaching $205.76. 1,712,106 shares of the company's stock were exchanged, compared to its average volume of 1,699,841. 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 company has a 50-day simple moving average of $201.41 and a two-hundred day simple moving average of $204.31. The company 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.

Cintas (NASDAQ:CTAS - Get Free Report) last released its quarterly earnings results on Wednesday, March 26th. The business services provider reported $1.13 earnings per share for the quarter, topping analysts' consensus estimates of $1.05 by $0.08. The company had revenue of $2.61 billion during the quarter, compared to analysts' expectations of $2.60 billion. Cintas had a return on equity of 40.62% and a net margin of 17.23%. The business's revenue for the quarter was up 8.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.84 earnings per share. On average, sell-side analysts predict that Cintas Co. will post 4.31 EPS for the current fiscal year.

Cintas Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Thursday, May 15th will be paid 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 0.76%. Cintas's dividend payout ratio is currently 36.11%.

About Cintas

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.