Cintas Co. (NASDAQ:CTAS) Shares Acquired by Geller Advisors LLC

Geller Advisors LLC increased its holdings in shares of Cintas Co. (NASDAQ:CTAS) by 10.5% in the first quarter, Holdings Channel reports. The firm owned 601 shares of the business services provider’s stock after buying an additional 57 shares during the quarter. Geller Advisors LLC’s holdings in Cintas were worth $278,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Raymond James Trust N.A. lifted its position in Cintas by 10.6% during the 1st quarter. Raymond James Trust N.A. now owns 740 shares of the business services provider’s stock worth $314,000 after acquiring an additional 71 shares during the period. Baird Financial Group Inc. lifted its position in shares of Cintas by 16.8% during the 1st quarter. Baird Financial Group Inc. now owns 17,643 shares of the business services provider’s stock valued at $7,505,000 after acquiring an additional 2,541 shares during the period. Covestor Ltd boosted its stake in shares of Cintas by 84.7% during the 1st quarter. Covestor Ltd now owns 327 shares of the business services provider’s stock worth $139,000 after acquiring an additional 150 shares in the last quarter. Mackenzie Financial Corp increased its stake in Cintas by 9.3% in the 1st quarter. Mackenzie Financial Corp now owns 7,073 shares of the business services provider’s stock valued at $3,009,000 after purchasing an additional 604 shares in the last quarter. Finally, Fuller & Thaler Asset Management Inc. raised its holdings in Cintas by 19.8% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 24,472 shares of the business services provider’s stock worth $10,410,000 after purchasing an additional 4,037 shares during the last quarter. 62.26% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CTAS has been the subject of several research reports. JPMorgan Chase & Co. lifted their price target on Cintas from $510.00 to $540.00 in a research note on Friday, July 14th. Deutsche Bank Aktiengesellschaft lifted their price objective on Cintas from $524.00 to $542.00 in a research report on Monday, July 10th. StockNews.com initiated coverage on shares of Cintas in a report on Thursday, August 17th. They issued a “buy” rating on the stock. UBS Group boosted their price objective on shares of Cintas from $550.00 to $575.00 in a research report on Friday, July 14th. Finally, Argus raised their target price on shares of Cintas from $510.00 to $540.00 in a research report on Friday, July 14th. Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, Cintas has a consensus rating of “Moderate Buy” and an average price target of $524.00.

Insider Transactions at Cintas

In related news, Director Gerald S. Adolph sold 2,686 shares of the business’s stock in a transaction that occurred on Friday, July 14th. The stock was sold at an average price of $496.25, for a total transaction of $1,332,927.50. Following the transaction, the director now directly owns 30,066 shares of the company’s stock, valued at approximately $14,920,252.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Joseph Scaminace sold 2,084 shares of Cintas stock in a transaction on Wednesday, July 26th. The shares were sold at an average price of $516.86, for a total value of $1,077,136.24. Following the completion of the sale, the director now owns 11,001 shares in the company, valued at $5,685,976.86. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Gerald S. Adolph sold 2,686 shares of the company’s stock in a transaction on Friday, July 14th. The shares were sold at an average price of $496.25, for a total transaction of $1,332,927.50. Following the completion of the sale, the director now directly owns 30,066 shares in the company, valued at $14,920,252.50. The disclosure for this sale can be found here. Insiders sold 9,820 shares of company stock valued at $4,926,731 over the last quarter. Company insiders own 15.10% of the company’s stock.

Cintas Price Performance

Shares of Cintas stock opened at $497.50 on Friday. The company has a current ratio of 2.39, a quick ratio of 1.98 and a debt-to-equity ratio of 0.64. Cintas Co. has a twelve month low of $370.93 and a twelve month high of $518.71. The stock has a market capitalization of $50.62 billion, a P/E ratio of 38.33, a PEG ratio of 3.22 and a beta of 1.31. The business’s fifty day moving average price is $496.38 and its 200 day moving average price is $472.42.

Cintas (NASDAQ:CTAS) last posted its quarterly earnings results on Thursday, July 13th. The business services provider reported $3.33 EPS for the quarter, beating the consensus estimate of $3.19 by $0.14. Cintas had a net margin of 15.29% and a return on equity of 38.09%. The firm had revenue of $2.28 billion for the quarter, compared to analyst estimates of $2.25 billion. During the same quarter last year, the firm posted $2.81 earnings per share. Cintas’s revenue for the quarter was up 10.1% compared to the same quarter last year. As a group, research analysts anticipate that Cintas Co. will post 14.18 earnings per share for the current year.

Cintas Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Tuesday, August 15th will be paid a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a dividend yield of 1.09%. The ex-dividend date of this dividend is Monday, August 14th. This is a boost from Cintas’s previous quarterly dividend of $1.15. Cintas’s payout ratio is currently 41.60%.

Cintas Company Profile

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.