Cintas Co. (NASDAQ:CTAS) Shares Purchased by Brown Shipley& Co Ltd

Brown Shipley& Co Ltd lifted its stake in shares of Cintas Co. (NASDAQ:CTAS) by 300.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 680 shares of the business services provider’s stock after acquiring an additional 510 shares during the quarter. Brown Shipley& Co Ltd’s holdings in Cintas were worth $140,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Fiduciary Trust Co increased its position in shares of Cintas by 300.0% in the third quarter. Fiduciary Trust Co now owns 6,616 shares of the business services provider’s stock worth $1,362,000 after acquiring an additional 4,962 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Cintas by 215.2% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 168,144 shares of the business services provider’s stock worth $34,617,000 after purchasing an additional 114,806 shares in the last quarter. National Wealth Management Group LLC raised its stake in Cintas by 481.2% during the 3rd quarter. National Wealth Management Group LLC now owns 4,260 shares of the business services provider’s stock valued at $877,000 after purchasing an additional 3,527 shares during the period. First Commonwealth Financial Corp PA lifted its holdings in shares of Cintas by 322.0% in the third quarter. First Commonwealth Financial Corp PA now owns 4,642 shares of the business services provider’s stock valued at $956,000 after purchasing an additional 3,542 shares in the last quarter. Finally, MetLife Investment Management LLC boosted its position in shares of Cintas by 288.2% in the third quarter. MetLife Investment Management LLC now owns 104,086 shares of the business services provider’s stock worth $21,429,000 after buying an additional 77,272 shares during the period. 63.46% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on CTAS. Morgan Stanley upped their price target on Cintas from $170.00 to $185.00 and gave the company an “equal weight” rating in a research report on Thursday, September 26th. Wells Fargo & Company upped their target price on Cintas from $184.00 to $191.00 and gave the company an “underweight” rating in a report on Thursday, September 26th. Jefferies Financial Group decreased their price target on shares of Cintas from $730.00 to $200.00 and set a “hold” rating for the company in a report on Thursday, September 26th. Barclays upped their price objective on shares of Cintas from $210.00 to $245.00 and gave the company an “overweight” rating in a research note on Friday, September 27th. Finally, Robert W. Baird increased their target price on shares of Cintas from $194.00 to $209.00 and gave the stock a “neutral” rating in a research report on Thursday, September 26th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $199.63.

Cintas Price Performance

Shares of NASDAQ:CTAS opened at $224.05 on Thursday. The stock has a market capitalization of $90.36 billion, a P/E ratio of 56.58, a P/E/G ratio of 4.41 and a beta of 1.32. The business has a 50-day moving average of $211.92 and a two-hundred day moving average of $198.32. Cintas Co. has a fifty-two week low of $136.87 and a fifty-two week high of $228.12. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.53 and a quick ratio of 1.33.

Cintas (NASDAQ:CTAS) last posted its earnings results on Wednesday, September 25th. The business services provider reported $1.10 earnings per share for the quarter, topping the consensus estimate of $1.00 by $0.10. Cintas had a return on equity of 39.56% and a net margin of 16.80%. The firm had revenue of $2.50 billion during the quarter, compared to analyst estimates of $2.49 billion. During the same period in the previous year, the company earned $3.70 EPS. The company’s revenue for the quarter was up 6.8% on a year-over-year basis. On average, equities research analysts predict that Cintas Co. will post 4.23 EPS for the current fiscal year.

Cintas Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 15th will be paid a $0.39 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.56 dividend on an annualized basis and a yield of 0.70%. Cintas’s payout ratio is presently 39.39%.

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.