J. W. Coons Advisors LLC Has $1.10 Million Position in Cintas Co. (NASDAQ:CTAS)

J. W. Coons Advisors LLC raised its holdings in shares of Cintas Co. (NASDAQ:CTAS - Free Report) by 292.6% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,320 shares of the business services provider's stock after purchasing an additional 3,965 shares during the period. J. W. Coons Advisors LLC's holdings in Cintas were worth $1,095,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of CTAS. Atria Investments Inc lifted its stake in Cintas by 291.7% in the third quarter. Atria Investments Inc now owns 22,321 shares of the business services provider's stock valued at $4,595,000 after buying an additional 16,623 shares during the period. Allspring Global Investments Holdings LLC raised its position in shares of Cintas by 343.9% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 111,599 shares of the business services provider's stock valued at $22,976,000 after acquiring an additional 86,460 shares during the period. Creative Planning boosted its stake in Cintas by 34.4% during the 2nd quarter. Creative Planning now owns 19,351 shares of the business services provider's stock worth $13,551,000 after acquiring an additional 4,957 shares during the last quarter. Western Financial Corp CA grew its holdings in Cintas by 628.2% during the third quarter. Western Financial Corp CA now owns 11,797 shares of the business services provider's stock valued at $2,429,000 after purchasing an additional 10,177 shares during the period. Finally, Portside Wealth Group LLC increased its stake in Cintas by 361.9% in the third quarter. Portside Wealth Group LLC now owns 1,395 shares of the business services provider's stock valued at $287,000 after purchasing an additional 1,093 shares in the last quarter. Institutional investors own 63.46% of the company's stock.

Cintas Stock Up 0.5 %

Shares of NASDAQ:CTAS traded up $1.10 during midday trading on Monday, reaching $216.30. The company had a trading volume of 436,257 shares, compared to its average volume of 1,445,887. Cintas Co. has a 1-year low of $136.50 and a 1-year high of $227.35. The stock has a market cap of $87.23 billion, a PE ratio of 54.34, a P/E/G ratio of 4.24 and a beta of 1.32. The company has a quick ratio of 1.33, a current ratio of 1.53 and a debt-to-equity ratio of 0.50. The business's 50 day moving average price is $221.49 and its 200 day moving average price is $195.70.

Cintas (NASDAQ:CTAS - Get Free Report) last posted its quarterly 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 firm had revenue of $2.50 billion for the quarter, compared to analyst estimates of $2.49 billion. During the same quarter in the previous year, the firm earned $3.70 EPS. The business's quarterly revenue was up 6.8% on a year-over-year basis. Research analysts forecast that Cintas Co. will post 4.23 EPS for the current fiscal year.

Cintas announced that its Board of Directors has initiated a stock buyback plan on Tuesday, July 23rd that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the business services provider to purchase up to 1.3% of its stock through open market purchases. Stock repurchase plans are often a sign that the company's board believes its stock is undervalued.

Cintas Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 15th will be given a $0.39 dividend. 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 dividend payout ratio (DPR) is presently 39.39%.

Analyst Ratings Changes

CTAS has been the subject of several research analyst reports. Jefferies Financial Group decreased their price target on shares of Cintas from $730.00 to $200.00 and set a "hold" rating for the company in a report on Thursday, September 26th. Barclays raised their price target on Cintas from $210.00 to $245.00 and gave the stock an "overweight" rating in a research report on Friday, September 27th. Royal Bank of Canada boosted their price objective on Cintas from $181.00 to $215.00 and gave the company a "sector perform" rating in a research report on Thursday, September 26th. Redburn Atlantic started coverage on shares of Cintas in a report on Friday, August 9th. They set a "neutral" rating and a $167.50 target price on the stock. Finally, Morgan Stanley upped their price target on shares of Cintas from $170.00 to $185.00 and gave the company an "equal weight" rating in a report on Thursday, September 26th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat.com, Cintas presently has a consensus rating of "Hold" and a consensus target price of $199.63.

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.