First Bank & Trust Purchases 12,286 Shares of Cintas Co. (NASDAQ:CTAS)

First Bank & Trust increased its position in Cintas Co. (NASDAQ:CTAS - Free Report) by 298.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 16,400 shares of the business services provider's stock after buying an additional 12,286 shares during the period. First Bank & Trust's holdings in Cintas were worth $3,376,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Checchi Capital Advisers LLC increased its stake in shares of Cintas by 0.9% in the second quarter. Checchi Capital Advisers LLC now owns 1,651 shares of the business services provider's stock valued at $1,156,000 after buying an additional 14 shares in the last quarter. Axxcess Wealth Management LLC lifted its stake in Cintas by 0.5% in the 2nd quarter. Axxcess Wealth Management LLC now owns 2,905 shares of the business services provider's stock valued at $2,034,000 after acquiring an additional 14 shares in the last quarter. Field & Main Bank raised its stake in shares of Cintas by 25.0% during the 2nd quarter. Field & Main Bank now owns 75 shares of the business services provider's stock worth $53,000 after purchasing an additional 15 shares in the last quarter. Drive Wealth Management LLC raised its stake in shares of Cintas by 3.7% during the 2nd quarter. Drive Wealth Management LLC now owns 448 shares of the business services provider's stock worth $314,000 after purchasing an additional 16 shares in the last quarter. Finally, TIAA Trust National Association increased its holdings in shares of Cintas by 1.2% during the 2nd quarter. TIAA Trust National Association now owns 1,363 shares of the business services provider's stock worth $954,000 after acquiring an additional 16 shares during the last quarter. Institutional investors and hedge funds own 63.46% of the company's stock.

Cintas Stock Down 0.8 %

Shares of Cintas stock traded down $1.72 during trading on Friday, hitting $207.41. 1,241,806 shares of the stock were exchanged, compared to its average volume of 1,463,524. The firm's 50-day moving average price is $216.53 and its 200 day moving average price is $190.28. Cintas Co. has a 12-month low of $123.65 and a 12-month high of $215.37. 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 cap of $21.04 billion, a price-to-earnings ratio of 14.32, a price-to-earnings-growth ratio of 4.12 and a beta of 1.32.

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, topping analysts' consensus estimates of $1.00 by $0.10. Cintas had a net margin of 16.80% and a return on equity of 39.56%. The business 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 business posted $3.70 earnings per share. The business's revenue was up 6.8% compared to the same quarter last year. As a group, analysts forecast that Cintas Co. will post 4.23 earnings per share for the current fiscal year.

Cintas announced that its board has approved a share repurchase program on Tuesday, July 23rd that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the business services provider to purchase up to 1.3% of its stock through open market purchases. Stock repurchase programs are often a sign that the company's board of directors believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Morgan Stanley upped their target price on Cintas from $170.00 to $185.00 and gave the company an "equal weight" rating in a research report on Thursday, September 26th. Royal Bank of Canada increased their price target on Cintas from $181.00 to $215.00 and gave the company a "sector perform" rating in a research note on Thursday, September 26th. The Goldman Sachs Group raised their target price on Cintas from $212.00 to $236.00 and gave the stock a "buy" rating in a research note on Thursday, September 26th. Robert W. Baird raised their target price on Cintas from $194.00 to $209.00 and gave the company a "neutral" rating in a report on Thursday, September 26th. Finally, Jefferies Financial Group dropped their price target on Cintas from $730.00 to $200.00 and set a "hold" rating on the stock in a report on Thursday, September 26th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $199.63.

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.