Cintas Corporation $CTAS Position Raised by Unio Capital LLC

Unio Capital LLC grew its stake in Cintas Corporation (NASDAQ:CTAS) by 83.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 205,616 shares of the business services provider’s stock after purchasing an additional 93,650 shares during the period. Cintas comprises approximately 7.3% of Unio Capital LLC’s investment portfolio, making the stock its 7th largest holding. Unio Capital LLC’s holdings in Cintas were worth $38,670,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of CTAS. Norges Bank purchased a new stake in Cintas in the 4th quarter worth approximately $923,672,000. Two Sigma Investments LP boosted its position in Cintas by 5,641.3% in the 3rd quarter. Two Sigma Investments LP now owns 1,016,671 shares of the business services provider’s stock worth $208,682,000 after purchasing an additional 998,963 shares in the last quarter. SG Americas Securities LLC boosted its position in Cintas by 2,653.0% in the 4th quarter. SG Americas Securities LLC now owns 1,003,031 shares of the business services provider’s stock worth $188,640,000 after purchasing an additional 966,597 shares in the last quarter. Voloridge Investment Management LLC boosted its position in Cintas by 275.2% in the 3rd quarter. Voloridge Investment Management LLC now owns 1,123,237 shares of the business services provider’s stock worth $230,556,000 after purchasing an additional 823,885 shares in the last quarter. Finally, Freestone Grove Partners LP boosted its position in Cintas by 5,341.8% in the 3rd quarter. Freestone Grove Partners LP now owns 747,109 shares of the business services provider’s stock worth $153,352,000 after purchasing an additional 733,380 shares in the last quarter. Hedge funds and other institutional investors own 63.46% of the company’s stock.

Insider Buying and Selling

In related news, Director Ronald W. Tysoe sold 4,666 shares of the stock in a transaction on Monday, April 20th. The stock was sold at an average price of $178.87, for a total value of $834,607.42. Following the completion of the transaction, the director directly owned 22,448 shares of the company’s stock, valued at approximately $4,015,273.76. This represents a 17.21% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 14.90% of the company’s stock.

Cintas Trading Up 1.1%

Shares of CTAS stock opened at $176.71 on Wednesday. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.98 and a quick ratio of 1.74. The company has a market cap of $70.70 billion, a price-to-earnings ratio of 49.92, a PEG ratio of 2.78 and a beta of 0.94. The stock has a 50 day simple moving average of $173.60 and a 200-day simple moving average of $184.19. Cintas Corporation has a 1-year low of $161.16 and a 1-year high of $226.75.

Cintas (NASDAQ:CTAS) last announced its earnings results on Wednesday, March 25th. The business services provider reported $1.24 earnings per share for the quarter, hitting the consensus estimate of $1.24. Cintas had a return on equity of 41.47% and a net margin of 17.57%.The business had revenue of $2.84 billion during the quarter, compared to the consensus estimate of $2.82 billion. During the same period in the prior year, the company posted $1.13 EPS. The business’s quarterly revenue was up 8.9% on a year-over-year basis. On average, equities research analysts expect that Cintas Corporation will post 4.89 EPS for the current fiscal year.

Cintas Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Friday, May 15th were paid a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend was Friday, May 15th. Cintas’s dividend payout ratio is currently 50.85%.

Analysts Set New Price Targets

Several research firms have commented on CTAS. Bank of America began coverage on Cintas in a research report on Tuesday, February 17th. They issued a “neutral” rating and a $215.00 price objective on the stock. Stifel Nicolaus reduced their target price on Cintas from $222.00 to $190.00 and set a “hold” rating for the company in a research note on Thursday, March 26th. UBS Group reaffirmed a “buy” rating on shares of Cintas in a research note on Thursday, March 12th. Citigroup reduced their target price on Cintas from $181.00 to $160.00 and set a “sell” rating for the company in a research note on Tuesday, March 31st. Finally, Truist Financial reduced their target price on Cintas from $255.00 to $225.00 and set a “buy” rating for the company in a research note on Monday. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $215.92.

About Cintas

Cintas Corporation (NASDAQ: CTAS) is a provider of business services and products focused on workplace appearance, safety and facility maintenance. The company is best known for its uniform rental and corporate apparel programs, which include rental, leasing and direct-purchase options, laundering and garment repair. Cintas markets its services to a wide range of end-users, including manufacturing, food service, healthcare, hospitality, retail and government customers.

Beyond uniforms, Cintas offers a suite of facility services and products designed to help organizations maintain clean, safe and compliant workplaces.