Ritter Daniher Financial Advisory LLC DE Raises Position in Cintas Co. (NASDAQ:CTAS)

Ritter Daniher Financial Advisory LLC DE raised its position in Cintas Co. (NASDAQ:CTAS - Free Report) by 282.6% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 16,980 shares of the business services provider's stock after buying an additional 12,542 shares during the quarter. Cintas comprises about 1.0% of Ritter Daniher Financial Advisory LLC DE's holdings, making the stock its 16th largest position. Ritter Daniher Financial Advisory LLC DE's holdings in Cintas were worth $3,496,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. LGT Financial Advisors LLC boosted its position in shares of Cintas by 311.1% during the 2nd quarter. LGT Financial Advisors LLC now owns 37 shares of the business services provider's stock worth $26,000 after purchasing an additional 28 shares in the last quarter. Financial Management Professionals Inc. boosted its position in shares of Cintas by 341.4% during the 3rd quarter. Financial Management Professionals Inc. now owns 128 shares of the business services provider's stock worth $26,000 after purchasing an additional 99 shares in the last quarter. Hollencrest Capital Management boosted its position in shares of Cintas by 433.3% during the 3rd quarter. Hollencrest Capital Management now owns 128 shares of the business services provider's stock worth $26,000 after purchasing an additional 104 shares in the last quarter. Atwood & Palmer Inc. purchased a new stake in shares of Cintas during the 2nd quarter worth $27,000. Finally, Addison Advisors LLC boosted its position in shares of Cintas by 495.7% during the 3rd quarter. Addison Advisors LLC now owns 137 shares of the business services provider's stock worth $28,000 after purchasing an additional 114 shares in the last quarter. 63.46% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently commented on CTAS shares. Morgan Stanley boosted their price objective on shares of Cintas from $170.00 to $185.00 and gave the stock an "equal weight" rating in a research report on Thursday, September 26th. Barclays boosted their price objective on shares of Cintas from $210.00 to $245.00 and gave the stock an "overweight" rating in a research report on Friday, September 27th. The Goldman Sachs Group boosted their price objective on shares of Cintas from $212.00 to $236.00 and gave the stock a "buy" rating in a research report on Thursday, September 26th. Royal Bank of Canada boosted their price objective on shares of Cintas from $181.00 to $215.00 and gave the stock a "sector perform" rating in a research report on Thursday, September 26th. Finally, Robert W. Baird boosted their price objective on shares of Cintas from $194.00 to $209.00 and gave the stock a "neutral" rating in a research report on Thursday, September 26th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $199.63.

Cintas Trading Down 0.7 %

CTAS stock traded down $1.46 on Friday, hitting $215.20. 1,792,986 shares of the company were exchanged, compared to its average volume of 1,168,020. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.53 and a quick ratio of 1.33. The stock has a market capitalization of $86.79 billion, a price-to-earnings ratio of 54.34, a price-to-earnings-growth ratio of 4.24 and a beta of 1.32. Cintas Co. has a twelve month low of $136.50 and a twelve month high of $227.35. The business's fifty day moving average is $221.49 and its two-hundred day moving average is $195.70.

Cintas (NASDAQ:CTAS - Get Free Report) last issued its earnings results on Wednesday, September 25th. The business services provider reported $1.10 earnings per share for the quarter, topping the consensus estimate of $1.00 by $0.10. Cintas had a return on equity of 39.56% and a net margin of 16.80%. The business had revenue of $2.50 billion for the quarter, compared to analyst estimates of $2.49 billion. During the same period last year, the company posted $3.70 EPS. The business's quarterly revenue was up 6.8% on a year-over-year basis. As a group, research analysts forecast that Cintas Co. will post 4.23 earnings per share for the current year.

Cintas Dividend Announcement

The company 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 dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.72%. The ex-dividend date is Friday, November 15th. Cintas's payout ratio is currently 39.39%.

Cintas announced that its board has initiated a share buyback program on Tuesday, July 23rd that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the business services provider to buy up to 1.3% of its shares through open market purchases. Shares buyback programs are often an indication that the company's board believes its shares are undervalued.

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.