J.W. Cole Advisors Inc. Raises Position in Cintas Co. (NASDAQ:CTAS)

J.W. Cole Advisors Inc. increased its holdings in Cintas Co. (NASDAQ:CTASGet Rating) by 26.0% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 726 shares of the business services provider’s stock after buying an additional 150 shares during the period. J.W. Cole Advisors Inc.’s holdings in Cintas were worth $309,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. CAPROCK Group Inc. raised its position in shares of Cintas by 2.2% in the first quarter. CAPROCK Group Inc. now owns 1,153 shares of the business services provider’s stock worth $491,000 after buying an additional 25 shares in the last quarter. Parsons Capital Management Inc. RI increased its stake in Cintas by 2.2% in the first quarter. Parsons Capital Management Inc. RI now owns 1,255 shares of the business services provider’s stock valued at $534,000 after acquiring an additional 27 shares during the last quarter. Concord Wealth Partners increased its stake in Cintas by 25.5% in the first quarter. Concord Wealth Partners now owns 138 shares of the business services provider’s stock valued at $59,000 after acquiring an additional 28 shares during the last quarter. ICW Investment Advisors LLC increased its stake in Cintas by 6.1% in the first quarter. ICW Investment Advisors LLC now owns 487 shares of the business services provider’s stock valued at $207,000 after acquiring an additional 28 shares during the last quarter. Finally, Allworth Financial LP increased its stake in Cintas by 2.4% in the first quarter. Allworth Financial LP now owns 1,218 shares of the business services provider’s stock valued at $518,000 after acquiring an additional 29 shares during the last quarter. Hedge funds and other institutional investors own 76.66% of the company’s stock.

Cintas Stock Down 0.5 %

NASDAQ CTAS opened at $406.00 on Wednesday. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.84 and a quick ratio of 1.51. The stock has a market capitalization of $41.43 billion, a PE ratio of 34.85, a PEG ratio of 3.50 and a beta of 1.44. Cintas Co. has a 1 year low of $343.86 and a 1 year high of $461.44. The business’s 50-day moving average is $414.86 and its 200 day moving average is $398.82.

Cintas (NASDAQ:CTASGet Rating) last posted its earnings results on Thursday, July 14th. The business services provider reported $2.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.68 by $0.13. The company had revenue of $2.07 billion for the quarter, compared to analysts’ expectations of $2 billion. Cintas had a return on equity of 35.81% and a net margin of 15.73%. Cintas’s quarterly revenue was up 13.0% on a year-over-year basis. During the same period last year, the firm earned $2.47 earnings per share. Sell-side analysts forecast that Cintas Co. will post 12.14 earnings per share for the current year.

Cintas Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Monday, August 15th were paid a $1.15 dividend. The ex-dividend date of this dividend was Friday, August 12th. This is a boost from Cintas’s previous quarterly dividend of $0.95. This represents a $4.60 annualized dividend and a dividend yield of 1.13%. Cintas’s dividend payout ratio (DPR) is presently 39.49%.

Analyst Ratings Changes

CTAS has been the topic of a number of research analyst reports. Barclays reduced their target price on Cintas from $500.00 to $435.00 in a research note on Friday, July 15th. StockNews.com raised Cintas from a “hold” rating to a “buy” rating in a research note on Saturday, July 23rd. Wells Fargo & Company started coverage on Cintas in a research note on Tuesday, July 12th. They issued an “equal weight” rating and a $393.00 target price on the stock. Deutsche Bank Aktiengesellschaft reduced their price objective on Cintas from $517.00 to $465.00 and set a “buy” rating on the stock in a research note on Tuesday, July 5th. Finally, Royal Bank of Canada reduced their price objective on Cintas from $475.00 to $450.00 in a research note on Friday, July 15th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, Cintas presently has a consensus rating of “Moderate Buy” and an average price target of $435.89.

About Cintas

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Cintas Corporation provides 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.

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Institutional Ownership by Quarter for Cintas (NASDAQ:CTAS)

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