Cintas Co. (NASDAQ:CTAS) is Brendel Financial Advisors LLC's 3rd Largest Position

Brendel Financial Advisors LLC boosted its stake in Cintas Co. (NASDAQ:CTAS - Free Report) by 293.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,886 shares of the business services provider's stock after purchasing an additional 19,309 shares during the quarter. Cintas comprises approximately 3.0% of Brendel Financial Advisors LLC's portfolio, making the stock its 3rd biggest holding. Brendel Financial Advisors LLC's holdings in Cintas were worth $5,329,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of CTAS. SG Americas Securities LLC increased its position in shares of Cintas by 3,302.1% during the 3rd quarter. SG Americas Securities LLC now owns 501,233 shares of the business services provider's stock valued at $103,194,000 after purchasing an additional 486,500 shares during the last quarter. Los Angeles Capital Management LLC boosted its position in Cintas by 123.1% during the second quarter. Los Angeles Capital Management LLC now owns 366,044 shares of the business services provider's stock valued at $256,326,000 after buying an additional 201,955 shares during the period. Global Assets Advisory LLC bought a new position in shares of Cintas during the first quarter valued at about $84,646,000. Vanguard Group Inc. increased its holdings in shares of Cintas by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 10,299,288 shares of the business services provider's stock worth $6,206,969,000 after buying an additional 112,361 shares during the period. Finally, Congress Asset Management Co. MA lifted its stake in shares of Cintas by 124.9% in the 1st quarter. Congress Asset Management Co. MA now owns 195,506 shares of the business services provider's stock valued at $134,318,000 after acquiring an additional 108,582 shares during the last quarter. 63.46% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Barclays lifted their price target on Cintas from $210.00 to $245.00 and gave the stock an "overweight" rating in a research note on Friday, September 27th. UBS Group lifted their target price on shares of Cintas from $219.00 to $240.00 and gave the stock a "buy" rating in a research note on Thursday, September 26th. Morgan Stanley increased their price target on shares of Cintas from $170.00 to $185.00 and gave the company an "equal weight" rating in a research report on Thursday, September 26th. Truist Financial boosted their price objective on shares of Cintas from $212.50 to $225.00 and gave the company a "buy" rating in a research report on Tuesday, September 17th. Finally, Wells Fargo & Company increased their target price on shares of Cintas from $184.00 to $191.00 and gave the stock an "underweight" rating in a report on Thursday, September 26th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, Cintas currently has an average rating of "Hold" and a consensus target price of $199.63.

Insiders Place Their Bets

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 value of $842,292.00. Following the transaction, the director now directly owns 125,808 shares in the company, valued at $24,083,425.44. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. 15.10% of the stock is currently owned by insiders.

Cintas Stock Down 1.4 %

Shares of CTAS traded down $3.01 during mid-day trading on Thursday, reaching $206.13. The company had a trading volume of 1,015,273 shares, compared to its average volume of 1,484,364. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.52 and a current ratio of 1.74. The company has a market capitalization of $20.91 billion, a price-to-earnings ratio of 14.44, a price-to-earnings-growth ratio of 4.09 and a beta of 1.32. The firm has a 50-day moving average price of $211.32 and a 200 day moving average price of $186.85. Cintas Co. has a 52 week low of $123.65 and a 52 week high of $211.57.

Cintas (NASDAQ:CTAS - Get Free Report) last released its earnings results on Wednesday, September 25th. The business services provider reported $1.10 EPS for the quarter, topping analysts' consensus estimates of $1.00 by $0.10. Cintas had a return on equity of 37.82% and a net margin of 16.38%. The firm had revenue of $2.50 billion for the quarter, compared to analysts' expectations of $2.49 billion. During the same period in the prior year, the firm posted $3.70 earnings per share. The company's quarterly revenue was up 6.8% on a year-over-year basis. On average, sell-side analysts forecast that Cintas Co. will post 4.16 EPS for the current year.

Cintas Cuts Dividend

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

Cintas announced that its Board of Directors has approved a share repurchase program on Tuesday, July 23rd that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the business services provider to buy up to 1.3% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company's leadership believes its stock is undervalued.

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.