AdvisorNet Financial Inc Purchases 5,147 Shares of Cintas Corporation $CTAS

AdvisorNet Financial Inc boosted its stake in Cintas Corporation (NASDAQ:CTAS - Free Report) by 195.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,776 shares of the business services provider's stock after purchasing an additional 5,147 shares during the quarter. AdvisorNet Financial Inc's holdings in Cintas were worth $1,517,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. William Allan Corp raised its position in Cintas by 0.5% during the 3rd quarter. William Allan Corp now owns 9,608 shares of the business services provider's stock valued at $1,874,000 after purchasing an additional 48 shares during the last quarter. Rehmann Capital Advisory Group lifted its holdings in Cintas by 1.6% in the second quarter. Rehmann Capital Advisory Group now owns 3,355 shares of the business services provider's stock worth $580,000 after buying an additional 54 shares during the period. Whittier Trust Co. of Nevada Inc. boosted its position in Cintas by 0.8% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 7,198 shares of the business services provider's stock valued at $1,236,000 after acquiring an additional 58 shares in the last quarter. Sachetta LLC boosted its position in Cintas by 46.0% during the 1st quarter. Sachetta LLC now owns 200 shares of the business services provider's stock valued at $34,000 after acquiring an additional 63 shares in the last quarter. Finally, First National Bank of Mount Dora Trust Investment Services grew its holdings in shares of Cintas by 0.4% during the 2nd quarter. First National Bank of Mount Dora Trust Investment Services now owns 17,447 shares of the business services provider's stock worth $2,967,000 after acquiring an additional 70 shares during the period. Hedge funds and other institutional investors own 63.46% of the company's stock.

Wall Street Analyst Weigh In

CTAS has been the subject of several recent analyst reports. The Goldman Sachs Group lifted their price target on Cintas from $231.00 to $239.00 and gave the stock a "buy" rating in a research report on Thursday, September 24th. Citigroup raised their price objective on shares of Cintas from $180.00 to $181.00 and gave the company a "sell" rating in a research note on Wednesday, September 30th. Weiss Ratings upgraded shares of Cintas from a "buy (b-)" rating to a "buy (b)" rating in a research note on Friday, October 9th. Bank of America upgraded shares of Cintas from a "neutral" rating to a "buy" rating and upped their target price for the stock from $200.00 to $230.00 in a research note on Thursday, July 16th. Finally, Royal Bank Of Canada reiterated a "sector perform" rating and set a $206.00 price target on shares of Cintas in a report on Thursday, September 24th. Ten analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Cintas presently has a consensus rating of "Moderate Buy" and a consensus target price of $218.50.

Cintas Trading Up 0.3%

CTAS opened at $213.69 on Friday. The stock has a market cap of $84.85 billion, a price-to-earnings ratio of 41.53, a P/E/G ratio of 3.39 and a beta of 0.92. The stock's 50 day moving average price is $200.99 and its 200-day moving average price is $187.24. Cintas Corporation has a one year low of $161.16 and a one year high of $219.16. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.29 and a current ratio of 1.45.

Cintas (NASDAQ:CTAS - Get Free Report) last posted its quarterly earnings results on Wednesday, September 23rd. The business services provider reported $1.39 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.35 by $0.04. The business had revenue of $3.01 billion for the quarter, compared to the consensus estimate of $2.98 billion. Cintas had a return on equity of 42.57% and a net margin of 17.82%. The business's revenue was up 10.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.20 EPS. Cintas has set its FY 2027 guidance at 5.450-5.540 EPS. On average, equities analysts forecast that Cintas Corporation will post 5.52 EPS for the current year.

Cintas Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Friday, August 14th were paid a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 1.0%. The ex-dividend date was Friday, August 14th. This is a boost from Cintas's previous quarterly dividend of $0.45. Cintas's dividend payout ratio (DPR) is presently 41.03%.

About Cintas

Cintas Corporation NASDAQ: CTAS provides workplace services to businesses and organizations across North America. The company's primary business is uniform rental and facility services, including the design, rental, cleaning and delivery of uniforms, work apparel and related garments.

Its offerings also include restroom and hygiene services, floor-care products, mats, towels, and other facility supplies. Through its First Aid & Safety segment, Cintas provides first-aid products, safety equipment and training.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.