Cintas Corporation (NASDAQ:CTAS) Position Lifted by Lineweaver Wealth Advisors LLC

Lineweaver Wealth Advisors LLC boosted its position in Cintas Corporation (NASDAQ:CTAS - Free Report) by 5.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 24,226 shares of the business services provider's stock after purchasing an additional 1,195 shares during the period. Cintas makes up approximately 0.8% of Lineweaver Wealth Advisors LLC's investment portfolio, making the stock its 27th biggest holding. Lineweaver Wealth Advisors LLC's holdings in Cintas were worth $4,979,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in CTAS. MJP Associates Inc. ADV boosted its position in Cintas by 2.1% in the 4th quarter. MJP Associates Inc. ADV now owns 2,412 shares of the business services provider's stock valued at $441,000 after buying an additional 50 shares during the period. Kathmere Capital Management LLC boosted its position in Cintas by 4.1% in the 1st quarter. Kathmere Capital Management LLC now owns 1,293 shares of the business services provider's stock valued at $266,000 after buying an additional 51 shares during the period. TIAA Trust National Association boosted its position in Cintas by 1.0% in the 4th quarter. TIAA Trust National Association now owns 5,380 shares of the business services provider's stock valued at $983,000 after buying an additional 52 shares during the period. Wellspring Financial Advisors LLC boosted its position in Cintas by 4.6% in the 4th quarter. Wellspring Financial Advisors LLC now owns 1,171 shares of the business services provider's stock valued at $214,000 after buying an additional 52 shares during the period. Finally, Johnson Financial Group Inc. lifted its position in shares of Cintas by 7.7% during the 4th quarter. Johnson Financial Group Inc. now owns 728 shares of the business services provider's stock worth $146,000 after purchasing an additional 52 shares during the last quarter. Institutional investors own 63.46% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on CTAS shares. Morgan Stanley lifted their price objective on shares of Cintas from $195.00 to $213.00 and gave the stock an "equal weight" rating in a research report on Thursday, March 27th. Wells Fargo & Company upgraded shares of 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 research note on Tuesday, July 1st. Bank of America began coverage on shares of Cintas in a research note on Thursday, April 10th. They set a "buy" rating and a $250.00 price target on the stock. The Goldman Sachs Group boosted their price objective on shares of Cintas from $233.00 to $257.00 and gave the stock a "buy" rating in a report on Wednesday, July 2nd. Finally, Robert W. Baird boosted their price objective on shares of Cintas from $200.00 to $227.00 and gave the stock a "neutral" rating in a report on Thursday, March 27th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $220.96.

Cintas Trading Up 3.7%

Shares of NASDAQ:CTAS traded up $7.90 during trading on Thursday, reaching $221.92. The stock had a trading volume of 3,444,373 shares, compared to its average volume of 1,731,858. The business has a fifty day moving average price of $220.71 and a 200-day moving average price of $207.50. The company has a quick ratio of 1.50, a current ratio of 1.72 and a debt-to-equity ratio of 0.44. The stock has a market cap of $89.61 billion, a P/E ratio of 51.40, a PEG ratio of 3.33 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.

Cintas (NASDAQ:CTAS - Get Free Report) last issued its quarterly earnings results on Thursday, July 17th. The business services provider reported $1.09 EPS for the quarter, topping the consensus estimate of $1.07 by $0.02. Cintas had a net margin of 17.53% and a return on equity of 41.30%. During the same quarter last year, the business earned $3.99 earnings per share. The firm's revenue for the quarter was up 8.0% on a year-over-year basis. As a group, analysts anticipate that Cintas Corporation will post 4.31 earnings per share for the current fiscal year.

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.