Xponance Inc. Has $14.38 Million Stock Holdings in Cintas Co. (NASDAQ:CTAS)

Xponance Inc. increased its holdings in Cintas Co. (NASDAQ:CTAS) by 2.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,533 shares of the business services provider’s stock after buying an additional 558 shares during the period. Xponance Inc.’s holdings in Cintas were worth $14,378,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. LGT Financial Advisors LLC boosted its position in Cintas by 311.1% during the second quarter. LGT Financial Advisors LLC now owns 37 shares of the business services provider’s stock valued at $26,000 after acquiring an additional 28 shares during the last quarter. Atwood & Palmer Inc. acquired a new position in shares of Cintas in the 2nd quarter valued at about $27,000. Pathway Financial Advisers LLC bought a new stake in shares of Cintas during the 1st quarter valued at about $29,000. Rise Advisors LLC acquired a new stake in Cintas during the first quarter worth approximately $30,000. Finally, Meeder Asset Management Inc. boosted its holdings in shares of Cintas by 226.7% during the 2nd quarter. Meeder Asset Management Inc. now owns 49 shares of the business services provider’s stock worth $34,000 after buying an additional 34 shares in the last quarter. 63.46% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Cintas

In other 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 completion of the transaction, the director now directly owns 125,808 shares in the company, valued at $24,083,425.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 15.10% of the stock is owned by company insiders.

Cintas Price Performance

CTAS opened at $203.99 on Tuesday. The company has a current ratio of 1.74, a quick ratio of 1.52 and a debt-to-equity ratio of 0.47. Cintas Co. has a 12-month low of $118.68 and a 12-month high of $209.12. The stock has a 50-day moving average price of $207.27 and a 200-day moving average price of $182.99. The stock has a market capitalization of $20.70 billion, a P/E ratio of 14.09, a PEG ratio of 4.36 and a beta of 1.32.

Cintas (NASDAQ:CTAS) last announced its quarterly earnings results 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 business had revenue of $2.47 billion for the quarter, compared to analyst estimates of $2.47 billion. Cintas had a net margin of 16.38% and a return on equity of 37.82%. The company’s revenue was up 8.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.83 EPS. Equities analysts predict that Cintas Co. will post 16.64 earnings per share for the current fiscal year.

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

Cintas Cuts Dividend

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

Wall Street Analysts Forecast Growth

CTAS has been the subject of several analyst reports. Morgan Stanley increased their target price on shares of Cintas from $143.75 to $156.25 and gave the company an “equal weight” rating in a report on Friday, July 19th. UBS Group boosted their target price on Cintas from $197.50 to $218.50 and gave the stock a “buy” rating in a research note on Friday, July 19th. Redburn Atlantic assumed coverage on Cintas in a research report on Friday, August 9th. They set a “neutral” rating and a $167.50 price target for the company. StockNews.com raised Cintas from a “hold” rating to a “buy” rating in a research report on Friday, June 14th. Finally, Barclays decreased their target price on shares of Cintas from $850.00 to $210.00 and set an “overweight” rating on the stock in a report on Friday, September 13th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Cintas presently has an average rating of “Hold” and a consensus target price of $186.30.

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.