Auour Investments LLC Invests $251,000 in Cintas Co. (NASDAQ:CTAS)

Auour Investments LLC purchased a new stake in shares of Cintas Co. (NASDAQ:CTAS) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 505 shares of the business services provider’s stock, valued at approximately $251,000.

Other institutional investors also recently bought and sold shares of the company. Quarry LP raised its position in shares of Cintas by 221.1% in the 1st quarter. Quarry LP now owns 61 shares of the business services provider’s stock worth $28,000 after acquiring an additional 42 shares in the last quarter. Sunbelt Securities Inc. purchased a new stake in shares of Cintas in the 1st quarter worth about $36,000. Clearstead Advisors LLC purchased a new stake in shares of Cintas in the 3rd quarter worth about $39,000. Raleigh Capital Management Inc. boosted its position in shares of Cintas by 225.9% in the 1st quarter. Raleigh Capital Management Inc. now owns 88 shares of the business services provider’s stock worth $41,000 after purchasing an additional 61 shares in the last quarter. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC boosted its position in shares of Cintas by 2,525.0% in the 1st quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 105 shares of the business services provider’s stock worth $49,000 after purchasing an additional 101 shares in the last quarter. 62.26% of the stock is owned by institutional investors.

Insider Activity at Cintas

In related news, Director Gerald S. Adolph sold 2,686 shares of Cintas stock in a transaction 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 in the company, valued at $14,920,252.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Cintas news, Director Joseph Scaminace sold 2,084 shares of the company’s stock in a transaction that occurred on Wednesday, July 26th. The stock was sold at an average price of $516.86, for a total value of $1,077,136.24. Following the completion of the transaction, the director now directly owns 11,001 shares in the company, valued at approximately $5,685,976.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Gerald S. Adolph sold 2,686 shares of the firm’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 transaction, the director now directly owns 30,066 shares of the company’s stock, valued at $14,920,252.50. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 9,820 shares of company stock worth $4,926,731. 15.10% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on CTAS. JPMorgan Chase & Co. boosted their price target on Cintas from $510.00 to $540.00 in a research report on Friday, July 14th. Barclays lifted their price target on Cintas from $500.00 to $550.00 and gave the stock an “overweight” rating in a research report on Friday, July 14th. UBS Group lifted their price target on Cintas from $550.00 to $575.00 in a research report on Friday, July 14th. Stifel Nicolaus lifted their price target on Cintas from $512.00 to $521.00 in a research report on Friday, July 14th. Finally, StockNews.com assumed coverage on shares of Cintas in a research report on Thursday, August 17th. They set a “buy” rating for the company. Four investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $528.07.

Cintas Stock Performance

Cintas stock traded down $6.06 during midday trading on Friday, reaching $517.32. 215,871 shares of the company traded hands, compared to its average volume of 361,355. The firm has a market capitalization of $52.98 billion, a price-to-earnings ratio of 40.32, a price-to-earnings-growth ratio of 3.00 and a beta of 1.31. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.39 and a quick ratio of 1.98. Cintas Co. has a 12 month low of $370.93 and a 12 month high of $524.76. The business has a 50 day moving average of $498.33 and a two-hundred day moving average of $474.87.

Cintas (NASDAQ:CTAS) last posted its quarterly earnings data on Thursday, July 13th. The business services provider reported $3.33 EPS for the quarter, beating analysts’ consensus estimates of $3.19 by $0.14. The company had revenue of $2.28 billion during the quarter, compared to analysts’ expectations of $2.25 billion. Cintas had a return on equity of 38.09% and a net margin of 15.29%. Cintas’s revenue for the quarter was up 10.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.81 earnings per share. As a group, research analysts predict that Cintas Co. will post 14.29 earnings per share for the current year.

Cintas Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Tuesday, August 15th will be given a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a yield of 1.04%. This is a positive change from Cintas’s previous quarterly dividend of $1.15. The ex-dividend date of this dividend is Monday, August 14th. Cintas’s payout ratio is 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.