J.W. Cole Advisors Inc. Buys 4,818 Shares of Cintas Corporation (NASDAQ:CTAS)

J.W. Cole Advisors Inc. raised its holdings in shares of Cintas Corporation (NASDAQ:CTAS - Free Report) by 67.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,955 shares of the business services provider's stock after purchasing an additional 4,818 shares during the quarter. J.W. Cole Advisors Inc.'s holdings in Cintas were worth $2,457,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in CTAS. IFP Advisors Inc raised its holdings in shares of Cintas by 16.6% in the first quarter. IFP Advisors Inc now owns 5,090 shares of the business services provider's stock valued at $1,046,000 after acquiring an additional 724 shares in the last quarter. OneAscent Financial Services LLC raised its holdings in shares of Cintas by 97.8% in the first quarter. OneAscent Financial Services LLC now owns 3,526 shares of the business services provider's stock valued at $728,000 after acquiring an additional 1,743 shares in the last quarter. Elyxium Wealth LLC bought a new stake in shares of Cintas in the first quarter valued at about $262,000. AustralianSuper Pty Ltd raised its holdings in shares of Cintas by 66.7% in the first quarter. AustralianSuper Pty Ltd now owns 860,382 shares of the business services provider's stock valued at $176,834,000 after acquiring an additional 344,328 shares in the last quarter. Finally, Kestra Private Wealth Services LLC raised its holdings in shares of Cintas by 12.9% in the first quarter. Kestra Private Wealth Services LLC now owns 13,704 shares of the business services provider's stock valued at $2,817,000 after acquiring an additional 1,567 shares in the last quarter. 63.46% of the stock is currently owned by institutional investors.

Cintas Stock Performance

NASDAQ CTAS opened at $221.32 on Tuesday. The stock has a market cap of $89.37 billion, a PE ratio of 50.19, a P/E/G ratio of 3.50 and a beta of 1.05. The company has a current ratio of 2.09, a quick ratio of 1.82 and a debt-to-equity ratio of 0.52. Cintas Corporation has a twelve month low of $180.78 and a twelve month high of $229.24. The stock has a fifty day simple moving average of $220.99 and a 200-day simple moving average of $208.40.

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 (EPS) for the quarter, topping the consensus estimate of $1.07 by $0.02. Cintas had a return on equity of 41.21% and a net margin of 17.53%. The firm had revenue of $2.67 billion for the quarter, compared to analyst estimates of $2.63 billion. During the same quarter in the prior year, the company earned $3.99 EPS. Cintas's revenue was up 8.0% on a year-over-year basis. Equities analysts anticipate that Cintas Corporation will post 4.31 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts recently weighed in on CTAS shares. UBS Group lifted their price objective on Cintas from $240.00 to $255.00 and gave the company a "buy" rating in a report on Friday. Wells Fargo & Company upgraded Cintas from an "underweight" rating to an "equal weight" rating and lifted their price objective for the company from $196.00 to $221.00 in a report on Tuesday, July 1st. Bank of America started coverage on Cintas in a research note on Thursday, April 10th. They issued a "buy" rating and a $250.00 target price on the stock. The Goldman Sachs Group lifted their target price on Cintas from $233.00 to $257.00 and gave the company a "buy" rating in a research note on Wednesday, July 2nd. Finally, Morgan Stanley lifted their target price on Cintas from $213.00 to $220.00 and gave the company an "equal weight" rating in a research note on Friday. Two analysts have rated the stock with a sell rating, five have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $224.54.

Cintas Company 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.

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