Forte Capital LLC ADV Buys Shares of 4,745 Cintas Corporation (NASDAQ:CTAS)

Forte Capital LLC ADV acquired a new stake in Cintas Corporation (NASDAQ:CTAS - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 4,745 shares of the business services provider's stock, valued at approximately $975,000.

Several other large investors have also modified their holdings of CTAS. Cyrus J. Lawrence LLC bought a new position in Cintas in the fourth quarter worth about $29,000. Meeder Asset Management Inc. lifted its holdings in Cintas by 239.3% in the fourth quarter. Meeder Asset Management Inc. now owns 190 shares of the business services provider's stock worth $35,000 after acquiring an additional 134 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. lifted its holdings in Cintas by 646.4% in the first quarter. E Fund Management Hong Kong Co. Ltd. now owns 209 shares of the business services provider's stock worth $43,000 after acquiring an additional 181 shares during the last quarter. VSM Wealth Advisory LLC bought a new position in Cintas in the fourth quarter worth about $40,000. Finally, Washington Trust Advisors Inc. bought a new position in Cintas in the first quarter worth about $46,000. Institutional investors own 63.46% of the company's stock.

Cintas Price Performance

Shares of NASDAQ CTAS traded up $0.02 during mid-day trading on Friday, reaching $221.94. 2,528,220 shares of the company traded hands, compared to its average volume of 1,675,819. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.72 and a quick ratio of 1.50. The firm has a market cap of $89.62 billion, a PE ratio of 51.40, a price-to-earnings-growth ratio of 3.34 and a beta of 1.05. Cintas Corporation has a fifty-two week low of $180.78 and a fifty-two week high of $229.24. The stock has a fifty day simple moving average of $220.85 and a 200-day simple moving average of $207.77.

Cintas (NASDAQ:CTAS - Get Free Report) last posted its quarterly earnings results on Thursday, July 17th. The business services provider reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.07 by $0.02. The firm 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 41.30%. The firm's quarterly revenue was up 8.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.99 earnings per share. Equities research analysts anticipate that Cintas Corporation will post 4.31 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have commented on CTAS. The Goldman Sachs Group raised their price target on shares of Cintas from $233.00 to $257.00 and gave the company a "buy" rating in a research note on Wednesday, July 2nd. Royal Bank Of Canada restated a "sector perform" rating and issued a $240.00 price target (up previously from $215.00) on shares of Cintas in a research note on Monday, June 9th. Morgan Stanley raised their price target on shares of Cintas from $213.00 to $220.00 and gave the company an "equal weight" rating in a research note on Friday. Argus upgraded shares of Cintas to a "strong-buy" rating in a research note on Wednesday, April 16th. Finally, Wells Fargo & Company upgraded shares of Cintas from an "underweight" rating to an "equal weight" rating and raised their price target for the company from $196.00 to $221.00 in a research note on Tuesday, July 1st. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $222.75.

Cintas Profile

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.