Roman Butler Fullerton & Co. Has $1.38 Million Position in Cintas Co. (NASDAQ:CTAS)

Roman Butler Fullerton & Co. raised its position in Cintas Co. (NASDAQ:CTAS) by 313.7% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 6,536 shares of the business services provider’s stock after purchasing an additional 4,956 shares during the period. Roman Butler Fullerton & Co.’s holdings in Cintas were worth $1,377,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in CTAS. Donaldson Capital Management LLC boosted its position in shares of Cintas by 327.5% in the third quarter. Donaldson Capital Management LLC now owns 23,929 shares of the business services provider’s stock valued at $4,927,000 after acquiring an additional 18,332 shares during the period. Kanawha Capital Management LLC grew its position in shares of Cintas by 300.0% during the 3rd quarter. Kanawha Capital Management LLC now owns 10,452 shares of the business services provider’s stock worth $2,152,000 after purchasing an additional 7,839 shares in the last quarter. Forum Financial Management LP increased its holdings in shares of Cintas by 301.2% during the third quarter. Forum Financial Management LP now owns 3,057 shares of the business services provider’s stock worth $629,000 after purchasing an additional 2,295 shares during the period. Robeco Institutional Asset Management B.V. raised its position in shares of Cintas by 460.8% in the third quarter. Robeco Institutional Asset Management B.V. now owns 222,716 shares of the business services provider’s stock valued at $45,853,000 after buying an additional 183,002 shares in the last quarter. Finally, Private Wealth Management Group LLC boosted its stake in shares of Cintas by 275.0% in the third quarter. Private Wealth Management Group LLC now owns 240 shares of the business services provider’s stock valued at $49,000 after buying an additional 176 shares during the period. Institutional investors own 63.46% of the company’s stock.

Cintas Stock Performance

Shares of CTAS stock opened at $205.62 on Monday. The firm has a market capitalization of $82.93 billion, a price-to-earnings ratio of 51.92, a PEG ratio of 4.05 and a beta of 1.32. The company has a current ratio of 1.53, a quick ratio of 1.33 and a debt-to-equity ratio of 0.50. The business’s 50-day moving average price is $217.75 and its 200-day moving average price is $192.01. Cintas Co. has a 12 month low of $126.74 and a 12 month high of $215.37.

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

Cintas announced that its Board of Directors has authorized a stock repurchase plan on Tuesday, July 23rd that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the business services provider to buy up to 1.3% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s management believes its stock is undervalued.

Cintas Dividend Announcement

The business also recently announced 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. This represents a $1.56 annualized dividend and a yield of 0.76%. The ex-dividend date of this dividend is Friday, November 15th. Cintas’s dividend payout ratio is currently 39.39%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on CTAS shares. Redburn Atlantic started coverage on Cintas in a research report on Friday, August 9th. They set a “neutral” rating and a $167.50 target price for the company. Truist Financial raised their target price on shares of Cintas from $212.50 to $225.00 and gave the company a “buy” rating in a report on Tuesday, September 17th. Baird R W downgraded shares of Cintas from a “strong-buy” rating to a “hold” rating in a report on Friday, July 19th. Wells Fargo & Company lifted their price objective on shares of Cintas from $184.00 to $191.00 and gave the company an “underweight” rating in a research note on Thursday, September 26th. Finally, Morgan Stanley upped their target price on Cintas from $170.00 to $185.00 and gave the stock an “equal weight” rating in a research note on Thursday, September 26th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, Cintas presently has a consensus rating of “Hold” and an average price target of $199.63.

Cintas 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.