Crestwood Advisors Group LLC Acquires Shares of 1,316 Cintas Corporation (NASDAQ:CTAS)

Crestwood Advisors Group LLC bought a new position in shares of Cintas Corporation (NASDAQ:CTAS - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,316 shares of the business services provider's stock, valued at approximately $270,000.

A number of other institutional investors have also modified their holdings of CTAS. OneAscent Wealth Management LLC acquired a new position in Cintas in the first quarter valued at about $208,000. Wealth Dimensions Group Ltd. acquired a new position in shares of Cintas during the 1st quarter worth about $401,000. Lindbrook Capital LLC lifted its holdings in shares of Cintas by 24.8% in the 1st quarter. Lindbrook Capital LLC now owns 3,245 shares of the business services provider's stock valued at $667,000 after purchasing an additional 645 shares during the last quarter. Teachers Retirement System of The State of Kentucky grew its holdings in shares of Cintas by 4.7% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 26,485 shares of the business services provider's stock worth $5,443,000 after buying an additional 1,199 shares during the last quarter. Finally, J.W. Cole Advisors Inc. increased its holdings in shares of Cintas by 67.5% in the first quarter. J.W. Cole Advisors Inc. now owns 11,955 shares of the business services provider's stock valued at $2,457,000 after purchasing an additional 4,818 shares during the period. Hedge funds and other institutional investors own 63.46% of the company's stock.

Insider Transactions at Cintas

In other news, Director Martin Mucci acquired 1,200 shares of the stock in a transaction dated Monday, July 21st. The stock was purchased at an average cost of $222.55 per share, with a total value of $267,060.00. Following the completion of the purchase, the director owned 2,621 shares in the company, valued at approximately $583,303.55. The trade was a 84.45% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 15.00% of the stock is currently owned by company insiders.

Cintas Stock Performance

Cintas stock traded up $0.68 during mid-day trading on Friday, reaching $223.56. The company's stock had a trading volume of 1,074,701 shares, compared to its average volume of 1,461,321. The firm's fifty day moving average price is $221.44 and its two-hundred day moving average price is $209.42. 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 company has a market capitalization of $90.27 billion, a P/E ratio of 50.69, a PEG ratio of 3.51 and a beta of 1.05.

Cintas (NASDAQ:CTAS - Get Free Report) last released its earnings results on Thursday, July 17th. The business services provider reported $1.09 EPS for the quarter, beating the consensus estimate of $1.07 by $0.02. The company had revenue of $2.67 billion for 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%. The firm's quarterly revenue was up 8.0% compared to the same quarter last year. During the same quarter last year, the firm earned $3.99 EPS. Sell-side analysts predict that Cintas Corporation will post 4.31 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Bank of America assumed coverage on Cintas in a research report on Thursday, April 10th. They issued a "buy" rating and a $250.00 target price for the company. UBS Group upped their price objective on shares of Cintas from $240.00 to $255.00 and gave the stock a "buy" rating in a report on Friday, July 18th. The Goldman Sachs Group increased their price target on shares of Cintas from $233.00 to $257.00 and gave the stock a "buy" rating in a research report on Wednesday, July 2nd. Redburn Atlantic downgraded Cintas from a "neutral" rating to a "sell" rating and set a $171.00 price objective on the stock. in a report on Thursday, May 1st. Finally, Wells Fargo & Company upgraded Cintas from an "underweight" rating to an "equal weight" rating and increased their price objective for the stock from $196.00 to $221.00 in a research note on Tuesday, July 1st. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Cintas has an average rating of "Hold" and an average price target of $224.54.

About Cintas

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.