Cintas Corporation (NASDAQ:CTAS) Shares Purchased by OneAscent Financial Services LLC

OneAscent Financial Services LLC boosted its stake in shares of Cintas Corporation (NASDAQ:CTAS - Free Report) by 97.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,526 shares of the business services provider's stock after buying an additional 1,743 shares during the quarter. OneAscent Financial Services LLC's holdings in Cintas were worth $728,000 as of its most recent SEC filing.

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

Cintas Stock Performance

CTAS stock traded up $0.56 during trading on Friday, reaching $223.44. The company had a trading volume of 163,591 shares, compared to its average volume of 1,717,208. The firm has a 50-day simple moving average of $221.39 and a 200-day simple moving average of $209.07. The company has a market cap of $90.22 billion, a price-to-earnings ratio of 50.67, a price-to-earnings-growth ratio of 3.47 and a beta of 1.05. 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 twelve month low of $180.78 and a twelve month high of $229.24.

Cintas (NASDAQ:CTAS - Get Free Report) last announced its quarterly earnings data 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. Cintas had a net margin of 17.53% and a return on equity of 41.21%. The business had revenue of $2.67 billion during the quarter, compared to analysts' expectations of $2.63 billion. During the same period in the previous year, the business posted $3.99 EPS. The business's quarterly revenue was up 8.0% compared to the same quarter last year. As a group, sell-side analysts expect that Cintas Corporation will post 4.31 earnings per share for the current year.

Insider Buying and Selling

In other Cintas news, Director Martin Mucci acquired 1,200 shares of the firm's stock in a transaction on Monday, July 21st. The stock was acquired at an average cost of $222.55 per share, for a total transaction of $267,060.00. Following 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 legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 15.00% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. JPMorgan Chase & Co. assumed coverage on shares of Cintas in a research report on Monday, July 14th. They set an "overweight" rating and a $239.00 target price on the stock. UBS Group lifted their price objective on shares of Cintas from $240.00 to $255.00 and gave the stock a "buy" rating in a research report on Friday, July 18th. Bank of America began coverage on shares of Cintas in a research report on Thursday, April 10th. They issued a "buy" rating and a $250.00 price objective on the stock. Argus raised shares of Cintas to a "strong-buy" rating in a research report on Wednesday, April 16th. Finally, Morgan Stanley lifted their price objective on shares of Cintas from $213.00 to $220.00 and gave the stock an "equal weight" rating in a research report on Friday, July 18th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average 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.