Diversify Advisory Services LLC bought a new position in shares of Cintas Corporation (NASDAQ:CTAS - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund bought 3,467 shares of the business services provider's stock, valued at approximately $726,000.
A number of other institutional investors have also recently added to or reduced their stakes in CTAS. MJP Associates Inc. ADV grew its position in shares of Cintas by 2.1% in the 4th quarter. MJP Associates Inc. ADV now owns 2,412 shares of the business services provider's stock worth $441,000 after buying an additional 50 shares during the period. Kathmere Capital Management LLC boosted its stake in Cintas by 4.1% in the 1st quarter. Kathmere Capital Management LLC now owns 1,293 shares of the business services provider's stock worth $266,000 after purchasing an additional 51 shares in the last quarter. TIAA Trust National Association boosted its stake in Cintas by 1.0% in the 4th quarter. TIAA Trust National Association now owns 5,380 shares of the business services provider's stock worth $983,000 after purchasing an additional 52 shares in the last quarter. Wellspring Financial Advisors LLC boosted its stake in Cintas by 4.6% in the 4th quarter. Wellspring Financial Advisors LLC now owns 1,171 shares of the business services provider's stock worth $214,000 after purchasing an additional 52 shares in the last quarter. Finally, Johnson Financial Group Inc. boosted its stake in Cintas by 7.7% in the 4th quarter. Johnson Financial Group Inc. now owns 728 shares of the business services provider's stock worth $146,000 after purchasing an additional 52 shares in the last quarter. 63.46% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
A number of equities analysts recently issued reports on the stock. Morgan Stanley upped their price target on shares of Cintas from $213.00 to $220.00 and gave the stock an "equal weight" rating in a research note on Friday, July 18th. Truist Financial upped their price target on shares of Cintas from $215.00 to $230.00 and gave the stock a "buy" rating in a research note on Thursday, March 27th. Robert W. Baird upped their target price on shares of Cintas from $227.00 to $230.00 and gave the company a "neutral" rating in a research note on Friday, July 18th. Royal Bank Of Canada restated a "sector perform" rating and set a $240.00 target price (up previously from $215.00) on shares of Cintas in a research note on Monday, June 9th. Finally, Redburn Atlantic cut shares of Cintas from a "neutral" rating to a "sell" rating and set a $171.00 target price on the stock. in a research note on Thursday, May 1st. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Cintas presently has a consensus rating of "Hold" and a consensus price target of $224.54.
View Our Latest Stock Report on Cintas
Cintas Price Performance
CTAS traded down $0.88 during trading on Wednesday, reaching $218.80. 206,785 shares of the company traded hands, compared to its average volume of 1,658,328. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.82 and a current ratio of 2.09. Cintas Corporation has a 12-month low of $180.78 and a 12-month high of $229.24. The firm has a fifty day simple moving average of $220.99 and a 200 day simple moving average of $208.40. The company has a market cap of $88.35 billion, a P/E ratio of 49.62, a PEG ratio of 3.48 and a beta of 1.05.
Cintas (NASDAQ:CTAS - Get Free Report) last posted its earnings results on Thursday, July 17th. The business services provider reported $1.09 earnings per share for the quarter, beating analysts' consensus estimates of $1.07 by $0.02. The firm had revenue of $2.67 billion during the quarter, compared to analyst estimates of $2.63 billion. Cintas had a net margin of 17.53% and a return on equity of 41.21%. Cintas's revenue for the quarter was up 8.0% compared to the same quarter last year. During the same period last year, the firm posted $3.99 earnings per share. On average, equities analysts forecast that Cintas Corporation will post 4.31 EPS for the current year.
Cintas Profile
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Free Report)
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.
Further Reading
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