Kestra Private Wealth Services LLC Buys 1,567 Shares of Cintas Corporation (NASDAQ:CTAS)

Kestra Private Wealth Services LLC boosted its stake in Cintas Corporation (NASDAQ:CTAS - Free Report) by 12.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,704 shares of the business services provider's stock after purchasing an additional 1,567 shares during the quarter. Kestra Private Wealth Services LLC's holdings in Cintas were worth $2,817,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. Geode Capital Management LLC boosted its position in shares of Cintas by 2.7% during the 4th quarter. Geode Capital Management LLC now owns 8,468,080 shares of the business services provider's stock valued at $1,544,822,000 after acquiring an additional 219,809 shares during the last quarter. Invesco Ltd. boosted its position in shares of Cintas by 6.1% during the 4th quarter. Invesco Ltd. now owns 5,118,479 shares of the business services provider's stock valued at $935,146,000 after acquiring an additional 296,059 shares during the last quarter. Norges Bank bought a new stake in shares of Cintas during the 4th quarter valued at about $877,216,000. Northern Trust Corp boosted its position in shares of Cintas by 13.1% during the 4th quarter. Northern Trust Corp now owns 4,067,037 shares of the business services provider's stock valued at $743,048,000 after acquiring an additional 472,069 shares during the last quarter. Finally, Royal Bank of Canada boosted its position in shares of Cintas by 3.3% during the 4th quarter. Royal Bank of Canada now owns 3,655,835 shares of the business services provider's stock valued at $667,919,000 after acquiring an additional 115,268 shares during the last quarter. Institutional investors own 63.46% of the company's stock.

Cintas Trading Up 1.3%

Shares of CTAS traded up $2.91 during mid-day trading on Thursday, hitting $224.11. 498,010 shares of the company's stock traded hands, compared to its average volume of 1,721,454. The company has a quick ratio of 1.82, a current ratio of 2.09 and a debt-to-equity ratio of 0.52. Cintas Corporation has a 1 year low of $180.78 and a 1 year high of $229.24. The firm has a market capitalization of $90.49 billion, a P/E ratio of 50.83, a PEG ratio of 3.45 and a beta of 1.05. The business's 50-day moving average price is $221.30 and its 200-day moving average price is $208.81.

Cintas (NASDAQ:CTAS - Get Free Report) last released its quarterly earnings results on Thursday, July 17th. The business services provider reported $1.09 earnings per share for the quarter, beating 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 company had revenue of $2.67 billion for the quarter, compared to analyst estimates of $2.63 billion. During the same period in the previous year, the company posted $3.99 earnings per share. The firm's revenue was up 8.0% on a year-over-year basis. As a group, sell-side analysts forecast that Cintas Corporation will post 4.31 EPS for the current fiscal year.

Insider Buying and Selling at Cintas

In other news, Director Martin Mucci purchased 1,200 shares of the company's stock in a transaction that occurred on Monday, July 21st. The shares were bought at an average cost of $222.55 per share, for a total transaction of $267,060.00. Following the completion of the transaction, the director directly owned 2,621 shares of the company's stock, valued at $583,303.55. This trade represents a 84.45% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 15.00% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. Morgan Stanley raised their price objective on Cintas from $213.00 to $220.00 and gave the company an "equal weight" rating in a report on Friday, July 18th. JPMorgan Chase & Co. assumed coverage on Cintas in a report on Monday, July 14th. They set an "overweight" rating and a $239.00 price objective on the stock. Royal Bank Of Canada reissued a "sector perform" rating and set a $240.00 price objective (up from $215.00) on shares of Cintas in a report on Monday, June 9th. Bank of America initiated coverage on Cintas in a report on Thursday, April 10th. They set a "buy" rating and a $250.00 price objective on the stock. Finally, Robert W. Baird lifted their price target on Cintas from $227.00 to $230.00 and gave the stock a "neutral" rating in a research note on Friday, July 18th. Two research analysts have rated the stock with a sell rating, five have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price 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.