Cintas Co. (NASDAQ:CTAS) Shares Purchased by Ritter Daniher Financial Advisory LLC DE

Ritter Daniher Financial Advisory LLC DE grew its stake in shares of Cintas Co. (NASDAQ:CTAS) by 282.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 16,980 shares of the business services provider’s stock after purchasing an additional 12,542 shares during the quarter. Cintas makes up about 1.0% of Ritter Daniher Financial Advisory LLC DE’s holdings, making the stock its 16th biggest position. Ritter Daniher Financial Advisory LLC DE’s holdings in Cintas were worth $3,496,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of the stock. Alpha Family Trust raised its stake in Cintas by 300.0% during the 3rd quarter. Alpha Family Trust now owns 2,220 shares of the business services provider’s stock worth $457,000 after acquiring an additional 1,665 shares in the last quarter. GoalVest Advisory LLC increased its position in shares of Cintas by 300.0% during the third quarter. GoalVest Advisory LLC now owns 860 shares of the business services provider’s stock worth $177,000 after purchasing an additional 645 shares in the last quarter. Mutual of America Capital Management LLC increased its position in shares of Cintas by 287.9% during the third quarter. Mutual of America Capital Management LLC now owns 42,198 shares of the business services provider’s stock worth $8,688,000 after purchasing an additional 31,319 shares in the last quarter. Cassady Schiller Wealth Management LLC lifted its holdings in shares of Cintas by 300.0% in the 3rd quarter. Cassady Schiller Wealth Management LLC now owns 24,527 shares of the business services provider’s stock valued at $5,050,000 after purchasing an additional 18,395 shares during the last quarter. Finally, Mount Lucas Management LP boosted its position in shares of Cintas by 119.2% in the 3rd quarter. Mount Lucas Management LP now owns 8,268 shares of the business services provider’s stock valued at $1,702,000 after purchasing an additional 4,496 shares during the period. Hedge funds and other institutional investors own 63.46% of the company’s stock.

Cintas Trading Down 0.7 %

NASDAQ:CTAS opened at $215.20 on Friday. The stock has a market capitalization of $86.79 billion, a price-to-earnings ratio of 54.34, a PEG ratio of 4.24 and a beta of 1.32. Cintas Co. has a 1 year low of $136.50 and a 1 year high of $227.35. The stock has a fifty day moving average price of $221.49 and a two-hundred day moving average price of $195.50. 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 (NASDAQ:CTAS) last announced its quarterly earnings data on Wednesday, September 25th. The business services provider reported $1.10 EPS for the quarter, beating 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 firm had revenue of $2.50 billion during the quarter, compared to analysts’ expectations of $2.49 billion. During the same quarter last year, the business earned $3.70 earnings per share. The business’s revenue for the quarter was up 6.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that Cintas Co. will post 4.23 earnings per share for the current fiscal year.

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

Cintas Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 15th will be given a dividend of $0.39 per share. 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 0.72%. Cintas’s payout ratio is 39.39%.

Analysts Set New Price Targets

CTAS has been the subject of a number of research reports. UBS Group boosted their price objective on Cintas from $219.00 to $240.00 and gave the company a “buy” rating in a research note on Thursday, September 26th. The Goldman Sachs Group increased their price target on shares of Cintas from $212.00 to $236.00 and gave the stock a “buy” rating in a research note on Thursday, September 26th. Barclays upped their target price on shares of Cintas from $210.00 to $245.00 and gave the company an “overweight” rating in a report on Friday, September 27th. Robert W. Baird raised their price target on Cintas from $194.00 to $209.00 and gave the stock a “neutral” rating in a report on Thursday, September 26th. Finally, Redburn Atlantic began coverage on Cintas in a research report on Friday, August 9th. They issued a “neutral” rating and a $167.50 price target on the stock. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $199.63.

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.