21,819 Shares in Cintas Co. (NASDAQ:CTAS) Acquired by Gallo Partners LP

Gallo Partners LP acquired a new stake in Cintas Co. (NASDAQ:CTAS) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 21,819 shares of the business services provider’s stock, valued at approximately $3,986,000. Cintas makes up approximately 2.9% of Gallo Partners LP’s portfolio, making the stock its 4th biggest position.

Several other large investors also recently bought and sold shares of CTAS. Guardian Wealth Advisors LLC increased its holdings in Cintas by 3.1% during the 4th quarter. Guardian Wealth Advisors LLC now owns 1,741 shares of the business services provider’s stock worth $318,000 after purchasing an additional 52 shares during the last quarter. MGB Wealth Management LLC increased its stake in shares of Cintas by 0.7% in the fourth quarter. MGB Wealth Management LLC now owns 7,248 shares of the business services provider’s stock worth $1,328,000 after buying an additional 52 shares during the last quarter. TIAA Trust National Association raised its holdings in Cintas by 1.0% in the fourth quarter. TIAA Trust National Association now owns 5,380 shares of the business services provider’s stock valued at $983,000 after acquiring an additional 52 shares in the last quarter. Wellspring Financial Advisors LLC boosted its stake in Cintas by 4.6% during the 4th quarter. Wellspring Financial Advisors LLC now owns 1,171 shares of the business services provider’s stock valued at $214,000 after acquiring an additional 52 shares during the last quarter. Finally, Johnson Financial Group Inc. grew its holdings in Cintas by 7.7% during the 4th quarter. Johnson Financial Group Inc. now owns 728 shares of the business services provider’s stock worth $146,000 after acquiring an additional 52 shares in the last quarter. Institutional investors and hedge funds own 63.46% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on CTAS shares. UBS Group increased their price target on shares of Cintas from $218.00 to $240.00 and gave the stock a “buy” rating in a research report on Thursday, March 27th. 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. Bank of America assumed coverage on Cintas in a report on Thursday, April 10th. They issued a “buy” rating and a $250.00 price target for the company. Wells Fargo & Company raised their price objective on Cintas from $184.00 to $196.00 and gave the stock an “underweight” rating in a research note on Thursday, March 27th. Finally, The Goldman Sachs Group boosted 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. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $213.62.

Cintas Trading Up 0.5 %

Cintas stock opened at $209.26 on Wednesday. Cintas Co. has a 12-month low of $162.16 and a 12-month high of $228.12. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.58 and a quick ratio of 1.38. The stock has a market capitalization of $84.50 billion, a PE ratio of 50.45, a price-to-earnings-growth ratio of 3.98 and a beta of 1.20. The firm has a 50 day simple moving average of $201.68 and a 200-day simple moving average of $204.36.

Cintas (NASDAQ:CTAS) last issued its quarterly earnings results on Wednesday, March 26th. The business services provider reported $1.13 EPS for the quarter, topping the consensus estimate of $1.05 by $0.08. The firm had revenue of $2.61 billion for the quarter, compared to analysts’ expectations of $2.60 billion. Cintas had a net margin of 17.23% and a return on equity of 40.62%. Cintas’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 business earned $3.84 earnings per share. As a group, equities research analysts expect that Cintas Co. will post 4.31 EPS for the current fiscal year.

Cintas Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Thursday, May 15th will be issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date is Thursday, May 15th. Cintas’s payout ratio is 36.11%.

Insider Transactions at Cintas

In other Cintas news, Director Ronald W. Tysoe sold 8,521 shares of the business’s 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 sale, the director now directly owns 27,029 shares of the company’s stock, valued at $5,647,979.84. The trade was a 23.97 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Jim Rozakis sold 2,000 shares of the firm’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 sale, 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 disclosure for this sale can be found here. 15.00% of the stock is owned by insiders.

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.