Cintas Co. (NASDAQ:CTAS) Shares Acquired by Nicolet Advisory Services LLC

Nicolet Advisory Services LLC increased its position in shares of Cintas Co. (NASDAQ:CTAS) by 300.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,108 shares of the business services provider’s stock after acquiring an additional 2,332 shares during the period. Nicolet Advisory Services LLC’s holdings in Cintas were worth $636,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Impax Asset Management Group plc grew its position in Cintas by 211.1% in the third quarter. Impax Asset Management Group plc now owns 2,429,272 shares of the business services provider’s stock worth $499,236,000 after buying an additional 1,648,350 shares during the last quarter. King Luther Capital Management Corp increased its stake in Cintas by 293.2% in the 3rd quarter. King Luther Capital Management Corp now owns 1,904,296 shares of the business services provider’s stock worth $392,056,000 after purchasing an additional 1,419,975 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Cintas by 258.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,894,922 shares of the business services provider’s stock valued at $390,127,000 after acquiring an additional 1,365,825 shares in the last quarter. Alecta Tjanstepension Omsesidigt boosted its stake in Cintas by 300.0% in the 3rd quarter. Alecta Tjanstepension Omsesidigt now owns 1,630,000 shares of the business services provider’s stock worth $335,552,000 after purchasing an additional 1,222,500 shares during the period. Finally, PNC Financial Services Group Inc. grew its position in Cintas by 299.8% during the 3rd quarter. PNC Financial Services Group Inc. now owns 1,286,525 shares of the business services provider’s stock worth $264,870,000 after purchasing an additional 964,698 shares in the last quarter. 63.46% of the stock is currently owned by institutional investors.

Cintas Trading Up 0.1 %

Shares of NASDAQ:CTAS opened at $221.76 on Friday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.33 and a current ratio of 1.53. The stock’s 50-day moving average is $210.64 and its 200-day moving average is $197.26. The company has a market cap of $89.44 billion, a P/E ratio of 56.00, a P/E/G ratio of 4.36 and a beta of 1.32. Cintas Co. has a 52-week low of $136.87 and a 52-week high of $227.35.

Cintas (NASDAQ:CTAS) last announced its 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. The firm had revenue of $2.50 billion during the quarter, compared to the consensus estimate of $2.49 billion. Cintas had a return on equity of 39.56% and a net margin of 16.80%. The firm’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.70 EPS. Equities research analysts predict that Cintas Co. will post 4.23 earnings per share for the current year.

Cintas Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 15th will be issued 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 dividend yield of 0.70%. Cintas’s payout ratio is presently 39.39%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on CTAS. Royal Bank of Canada increased their target price on Cintas from $181.00 to $215.00 and gave the company a “sector perform” rating in a report on Thursday, September 26th. The Goldman Sachs Group raised their price objective on Cintas from $212.00 to $236.00 and gave the stock a “buy” rating in a research report on Thursday, September 26th. Jefferies Financial Group dropped their target price on Cintas from $730.00 to $200.00 and set a “hold” rating on the stock in a report on Thursday, September 26th. Redburn Atlantic began coverage on shares of Cintas in a research report on Friday, August 9th. They issued a “neutral” rating and a $167.50 target price for the company. Finally, Barclays lifted their target price 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. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, Cintas presently has an average rating of “Hold” and an average price target of $199.63.

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.