Jump Financial LLC Increases Stock Position in Cintas Co. (NASDAQ:CTAS)

Jump Financial LLC increased its stake in shares of Cintas Co. (NASDAQ:CTAS) by 9.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,453 shares of the business services provider’s stock after purchasing an additional 533 shares during the period. Jump Financial LLC’s holdings in Cintas were worth $1,179,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CTAS. Sound Income Strategies LLC purchased a new position in shares of Cintas during the fourth quarter valued at approximately $27,000. Cyrus J. Lawrence LLC acquired a new stake in shares of Cintas during the fourth quarter worth $29,000. Endeavor Private Wealth Inc. purchased a new stake in shares of Cintas in the fourth quarter valued at $31,000. IAG Wealth Partners LLC increased its stake in Cintas by 136.8% in the fourth quarter. IAG Wealth Partners LLC now owns 180 shares of the business services provider’s stock valued at $33,000 after purchasing an additional 104 shares during the last quarter. Finally, Newbridge Financial Services Group Inc. purchased a new position in Cintas during the fourth quarter worth about $34,000. Hedge funds and other institutional investors own 63.46% of the company’s stock.

Insiders Place Their Bets

In related news, COO Jim Rozakis sold 2,000 shares of the business’s stock in a transaction dated 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 $48,835,235.36. The trade was a 0.77 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Ronald W. Tysoe sold 8,521 shares of the stock in a transaction that occurred on Monday, April 14th. The stock was sold at an average price of $208.96, for a total value of $1,780,548.16. Following the transaction, the director now directly owns 27,029 shares in the company, valued at approximately $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 owned by company insiders.

Cintas Price Performance

CTAS opened at $205.76 on Monday. Cintas Co. has a twelve month low of $162.16 and a twelve month high of $228.12. The company has a current ratio of 1.58, a quick ratio of 1.38 and a debt-to-equity ratio of 0.47. The firm 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 company has a fifty day simple moving average of $201.42 and a 200 day simple moving average of $204.32.

Cintas (NASDAQ:CTAS) last announced its earnings results on Wednesday, March 26th. The business services provider reported $1.13 earnings per share (EPS) for the quarter, topping 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 business had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.60 billion. During the same period in the previous year, the company earned $3.84 earnings per share. The company’s revenue for the quarter was up 8.4% compared to the same quarter last year. Equities research analysts expect that Cintas Co. will post 4.31 EPS for the current fiscal year.

Cintas Announces Dividend

The business also recently disclosed 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 dividend on an annualized basis and a yield of 0.76%. Cintas’s dividend payout ratio (DPR) is 36.11%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Truist Financial upped their price objective on shares of Cintas from $215.00 to $230.00 and gave the company a “buy” rating in a research note on Thursday, March 27th. Bank of America started coverage on shares of Cintas in a report on Thursday, April 10th. They issued a “buy” rating and a $250.00 price target on the stock. UBS Group increased 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. Royal Bank of Canada reissued a “sector perform” rating and set a $215.00 price target on shares of Cintas in a research report on Thursday, March 27th. Finally, Wells Fargo & Company boosted their target price on Cintas from $184.00 to $196.00 and gave the stock an “underweight” rating in a report on Thursday, March 27th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $213.62.

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.