Cintas Co. (NASDAQ:CTAS) Shares Purchased by Wedmont Private Capital

Wedmont Private Capital increased its holdings in shares of Cintas Co. (NASDAQ:CTASGet Rating) by 8.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 711 shares of the business services provider’s stock after acquiring an additional 54 shares during the quarter. Wedmont Private Capital’s holdings in Cintas were worth $266,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CTAS. Asset Dedication LLC acquired a new position in Cintas during the first quarter worth about $32,000. HWG Holdings LP acquired a new position in Cintas during the fourth quarter worth about $35,000. Riverview Trust Co acquired a new position in Cintas during the first quarter worth about $35,000. MCF Advisors LLC acquired a new position in Cintas during the first quarter worth about $39,000. Finally, O Dell Group LLC boosted its position in Cintas by 466.7% during the fourth quarter. O Dell Group LLC now owns 102 shares of the business services provider’s stock worth $45,000 after acquiring an additional 84 shares during the last quarter. 76.66% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on CTAS. Barclays lowered their price target on shares of Cintas from $500.00 to $435.00 in a research report on Friday, July 15th. Morgan Stanley boosted their target price on shares of Cintas from $357.00 to $362.00 and gave the company an “equal weight” rating in a report on Friday, July 15th. Wells Fargo & Company started coverage on shares of Cintas in a report on Tuesday, July 12th. They issued an “equal weight” rating and a $393.00 target price on the stock. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Cintas from $517.00 to $465.00 and set a “buy” rating on the stock in a report on Tuesday, July 5th. Finally, StockNews.com upgraded shares of Cintas from a “hold” rating to a “buy” rating in a report on Saturday, July 23rd. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $435.89.

Cintas Price Performance

Cintas stock opened at $407.84 on Tuesday. The company’s 50 day simple moving average is $414.31 and its 200-day simple moving average is $398.62. The company has a market capitalization of $41.62 billion, a price-to-earnings ratio of 35.01, a price-to-earnings-growth ratio of 3.50 and a beta of 1.44. Cintas Co. has a 1 year low of $343.86 and a 1 year high of $461.44. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.51 and a current ratio of 1.84.

Cintas (NASDAQ:CTASGet Rating) last released its quarterly earnings results on Thursday, July 14th. The business services provider reported $2.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.68 by $0.13. The business had revenue of $2.07 billion for the quarter, compared to the consensus estimate of $2 billion. Cintas had a net margin of 15.73% and a return on equity of 35.81%. The business’s revenue was up 13.0% on a year-over-year basis. During the same period in the previous year, the firm earned $2.47 EPS. As a group, equities research analysts expect that Cintas Co. will post 12.14 earnings per share for the current year.

Cintas Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Monday, August 15th were paid a dividend of $1.15 per share. This is an increase from Cintas’s previous quarterly dividend of $0.95. This represents a $4.60 annualized dividend and a yield of 1.13%. The ex-dividend date of this dividend was Friday, August 12th. Cintas’s dividend payout ratio is presently 39.49%.

Cintas Profile

(Get Rating)

Cintas Corporation provides 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.

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Institutional Ownership by Quarter for Cintas (NASDAQ:CTAS)

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