Captrust Financial Advisors Increases Position in Cintas Co. (NASDAQ:CTAS)

Captrust Financial Advisors lifted its holdings in Cintas Co. (NASDAQ:CTAS) by 264.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 95,299 shares of the business services provider’s stock after buying an additional 69,164 shares during the quarter. Captrust Financial Advisors’ holdings in Cintas were worth $19,620,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of CTAS. LGT Financial Advisors LLC boosted its position in Cintas by 311.1% in the 2nd quarter. LGT Financial Advisors LLC now owns 37 shares of the business services provider’s stock valued at $26,000 after buying an additional 28 shares during the period. Atwood & Palmer Inc. purchased a new stake in shares of Cintas in the second quarter valued at approximately $27,000. Meeder Asset Management Inc. grew its stake in Cintas by 226.7% in the second quarter. Meeder Asset Management Inc. now owns 49 shares of the business services provider’s stock worth $34,000 after purchasing an additional 34 shares in the last quarter. Crewe Advisors LLC increased its holdings in Cintas by 133.3% during the 2nd quarter. Crewe Advisors LLC now owns 56 shares of the business services provider’s stock worth $39,000 after purchasing an additional 32 shares during the period. Finally, Industrial Alliance Investment Management Inc. bought a new stake in Cintas during the 2nd quarter valued at $51,000. 63.46% of the stock is owned by institutional investors.

Analyst Ratings Changes

CTAS has been the topic of several research reports. Jefferies Financial Group cut their price target on Cintas from $730.00 to $200.00 and set a “hold” rating on the stock in a research note on Thursday, September 26th. The Goldman Sachs Group raised their target price on shares of Cintas from $212.00 to $236.00 and gave the company a “buy” rating in a research report on Thursday, September 26th. Wells Fargo & Company upped their price target on shares of Cintas from $184.00 to $191.00 and gave the stock an “underweight” rating in a research report on Thursday, September 26th. Truist Financial lifted their price objective on shares of Cintas from $212.50 to $225.00 and gave the company a “buy” rating in a report on Tuesday, September 17th. Finally, Barclays upped their target price on Cintas from $210.00 to $245.00 and gave the stock an “overweight” rating in a report on Friday, September 27th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, Cintas currently has an average rating of “Hold” and a consensus price target of $199.63.

Cintas Price Performance

Shares of CTAS opened at $225.79 on Friday. The company has a market capitalization of $91.06 billion, a P/E ratio of 57.02, a P/E/G ratio of 4.41 and a beta of 1.32. The business’s 50-day moving average is $212.76 and its two-hundred day moving average is $199.06. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.33 and a current ratio of 1.53. Cintas Co. has a fifty-two week low of $136.87 and a fifty-two week high of $228.12.

Cintas (NASDAQ:CTAS) last announced its quarterly earnings results on Wednesday, September 25th. The business services provider reported $1.10 earnings per share for the quarter, beating 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 company had revenue of $2.50 billion during the quarter, compared to analysts’ expectations of $2.49 billion. During the same period last year, the business earned $3.70 earnings per share. Cintas’s quarterly revenue was up 6.8% on a year-over-year basis. Research analysts predict that Cintas Co. will post 4.23 earnings per share for the current year.

Cintas Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 15th will be given a dividend of $0.39 per share. The ex-dividend date is Friday, November 15th. This represents a $1.56 annualized dividend and a yield of 0.69%. Cintas’s dividend payout ratio is presently 39.39%.

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.