Fidelis Capital Partners LLC Acquires 265 Shares of Cintas Co. (NASDAQ:CTAS)

Fidelis Capital Partners LLC grew its stake in Cintas Co. (NASDAQ:CTAS) by 22.6% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,440 shares of the business services provider’s stock after purchasing an additional 265 shares during the quarter. Fidelis Capital Partners LLC’s holdings in Cintas were worth $1,066,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the stock. Nisa Investment Advisors LLC grew its position in shares of Cintas by 2.2% during the 2nd quarter. Nisa Investment Advisors LLC now owns 39,097 shares of the business services provider’s stock worth $27,378,000 after buying an additional 838 shares during the period. QRG Capital Management Inc. grew its holdings in Cintas by 111.5% during the second quarter. QRG Capital Management Inc. now owns 7,355 shares of the business services provider’s stock valued at $5,151,000 after purchasing an additional 3,878 shares during the period. Thoroughbred Financial Services LLC grew its holdings in Cintas by 105.7% during the second quarter. Thoroughbred Financial Services LLC now owns 5,020 shares of the business services provider’s stock valued at $3,515,000 after purchasing an additional 2,580 shares during the period. Journey Advisory Group LLC increased its stake in Cintas by 17.1% in the second quarter. Journey Advisory Group LLC now owns 6,442 shares of the business services provider’s stock valued at $4,511,000 after purchasing an additional 940 shares in the last quarter. Finally, Bensler LLC raised its holdings in Cintas by 4.7% in the second quarter. Bensler LLC now owns 14,349 shares of the business services provider’s stock worth $10,048,000 after purchasing an additional 646 shares during the period. Institutional investors and hedge funds own 63.46% of the company’s stock.

Wall Street Analysts Forecast Growth

CTAS has been the topic of several research analyst reports. Royal Bank of Canada downgraded Cintas from an “outperform” rating to a “sector perform” rating and set a $181.25 price objective on the stock. in a research note on Monday, July 15th. Barclays dropped their price target on Cintas from $850.00 to $210.00 and set an “overweight” rating on the stock in a research report on Friday, September 13th. UBS Group lifted their price objective on Cintas from $197.50 to $218.50 and gave the company a “buy” rating in a report on Friday, July 19th. StockNews.com raised Cintas from a “hold” rating to a “buy” rating in a research note on Friday, June 14th. Finally, Redburn Atlantic began coverage on shares of Cintas in a research note 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, eight have issued a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $186.30.

Cintas Trading Up 0.2 %

CTAS stock opened at $204.16 on Monday. Cintas Co. has a one year low of $118.68 and a one year high of $209.12. The stock has a market cap of $20.71 billion, a price-to-earnings ratio of 14.10, a price-to-earnings-growth ratio of 4.36 and a beta of 1.32. The company has a fifty day moving average price of $206.76 and a two-hundred day moving average price of $182.66. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.74 and a quick ratio of 1.52.

Cintas (NASDAQ:CTAS) last issued its quarterly earnings data on Thursday, July 18th. The business services provider reported $1.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.95 by $0.05. The company had revenue of $2.47 billion during the quarter, compared to analysts’ expectations of $2.47 billion. Cintas had a return on equity of 37.82% and a net margin of 16.38%. The business’s revenue was up 8.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.83 earnings per share. Equities analysts anticipate that Cintas Co. will post 16.64 EPS for the current year.

Cintas Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Thursday, August 15th were given a dividend of $0.39 per share. The ex-dividend date was Thursday, August 15th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.76%. Cintas’s payout ratio is presently 10.77%.

Cintas announced that its board has authorized a share buyback 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 repurchase up to 1.3% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its stock is undervalued.

Insiders Place Their Bets

In other Cintas news, Director Gerald S. Adolph sold 4,400 shares of the firm’s stock in a transaction on Wednesday, July 24th. The stock was sold at an average price of $191.43, for a total transaction of $842,292.00. Following the transaction, the director now owns 125,808 shares in the company, valued at approximately $24,083,425.44. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 15.10% of the company’s stock.

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.