Commerce Bank Has $10.18 Million Holdings in Cintas Co. (NASDAQ:CTAS)

Commerce Bank increased its position in Cintas Co. (NASDAQ:CTAS - Free Report) by 279.0% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 49,432 shares of the business services provider's stock after purchasing an additional 36,388 shares during the period. Commerce Bank's holdings in Cintas were worth $10,177,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. LGT Financial Advisors LLC grew its holdings in shares of 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 buying an additional 28 shares in the last quarter. Financial Management Professionals Inc. increased its holdings in shares of Cintas by 341.4% in the 3rd quarter. Financial Management Professionals Inc. now owns 128 shares of the business services provider's stock valued at $26,000 after purchasing an additional 99 shares during the period. Hollencrest Capital Management boosted its holdings in shares of Cintas by 433.3% during the third quarter. Hollencrest Capital Management now owns 128 shares of the business services provider's stock worth $26,000 after purchasing an additional 104 shares during the period. Atwood & Palmer Inc. purchased a new position in Cintas during the second quarter valued at approximately $27,000. Finally, Addison Advisors LLC increased its stake in Cintas by 495.7% in the 3rd quarter. Addison Advisors LLC now owns 137 shares of the business services provider's stock valued at $28,000 after buying an additional 114 shares during the period. 63.46% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CTAS has been the topic of several research analyst reports. Royal Bank of Canada boosted their price target on shares of Cintas from $181.00 to $215.00 and gave the company a "sector perform" rating in a report on Thursday, September 26th. Redburn Atlantic assumed coverage on Cintas in a research note on Friday, August 9th. They issued a "neutral" rating and a $167.50 price target for the company. UBS Group raised their price objective on shares of Cintas from $219.00 to $240.00 and gave the company a "buy" rating in a research report on Thursday, September 26th. Morgan Stanley increased their price target on shares of Cintas from $170.00 to $185.00 and gave the stock an "equal weight" rating in a research note on Thursday, September 26th. Finally, Jefferies Financial Group reduced their price objective on shares of Cintas from $730.00 to $200.00 and set a "hold" rating for the company in a research note on Thursday, September 26th. Two 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. According to data from MarketBeat, Cintas currently has an average rating of "Hold" and an average target price of $199.63.

Cintas Price Performance

Shares of Cintas stock opened at $218.75 on Thursday. The firm has a fifty day moving average price of $210.05 and a two-hundred day moving average price of $196.56. The company has a market cap of $88.22 billion, a PE ratio of 55.24, a price-to-earnings-growth ratio of 4.29 and a beta of 1.32. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.53 and a quick ratio of 1.33. Cintas Co. has a fifty-two week low of $136.87 and a fifty-two week high of $227.35.

Cintas (NASDAQ:CTAS - Get Free Report) last issued its quarterly earnings results on Wednesday, September 25th. The business services provider reported $1.10 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $2.50 billion for the quarter, compared to analyst estimates of $2.49 billion. During the same period in the previous year, the company posted $3.70 earnings per share. The company's quarterly revenue was up 6.8% compared to the same quarter last year. Analysts expect that Cintas Co. will post 4.23 EPS for the current year.

Cintas Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 15th will be paid a dividend of $0.39 per share. The ex-dividend date is Friday, November 15th. This represents a $1.56 dividend on an annualized basis and a yield of 0.71%. Cintas's dividend payout ratio is currently 39.39%.

Cintas 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.