SC&H Financial Advisors Inc. Has $959,000 Position in Cintas Co. (NASDAQ:CTAS)

SC&H Financial Advisors Inc. boosted its holdings in Cintas Co. (NASDAQ:CTAS - Free Report) by 299.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,659 shares of the business services provider's stock after buying an additional 3,494 shares during the period. SC&H Financial Advisors Inc.'s holdings in Cintas were worth $959,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Checchi Capital Advisers LLC lifted its holdings in shares of Cintas by 0.9% during the second quarter. Checchi Capital Advisers LLC now owns 1,651 shares of the business services provider's stock worth $1,156,000 after buying an additional 14 shares during the last quarter. Axxcess Wealth Management LLC lifted its holdings in shares of Cintas by 0.5% during the second quarter. Axxcess Wealth Management LLC now owns 2,905 shares of the business services provider's stock worth $2,034,000 after buying an additional 14 shares during the last quarter. Field & Main Bank lifted its holdings in shares of Cintas by 25.0% during the second quarter. Field & Main Bank now owns 75 shares of the business services provider's stock worth $53,000 after buying an additional 15 shares during the last quarter. Drive Wealth Management LLC raised its stake in shares of Cintas by 3.7% in the second quarter. Drive Wealth Management LLC now owns 448 shares of the business services provider's stock valued at $314,000 after purchasing an additional 16 shares in the last quarter. Finally, TIAA Trust National Association raised its stake in shares of Cintas by 1.2% in the second quarter. TIAA Trust National Association now owns 1,363 shares of the business services provider's stock valued at $954,000 after purchasing an additional 16 shares in the last quarter. 63.46% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently commented on CTAS. Baird R W lowered Cintas from a "strong-buy" rating to a "hold" rating in a research note on Friday, July 19th. Wells Fargo & Company upped their target price on Cintas from $184.00 to $191.00 and gave the company an "underweight" rating in a research note on Thursday, September 26th. Barclays upped their target price on Cintas from $210.00 to $245.00 and gave the company an "overweight" rating in a research note on Friday, September 27th. Royal Bank of Canada upped their target price on Cintas from $181.00 to $215.00 and gave the company a "sector perform" rating in a research note on Thursday, September 26th. Finally, Redburn Atlantic began coverage on Cintas in a research note on Friday, August 9th. They issued a "neutral" rating and a $167.50 target price for the company. 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. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $199.63.

Cintas Price Performance

Shares of CTAS stock traded up $0.55 during trading hours on Tuesday, hitting $209.14. 1,285,987 shares of the company's stock were exchanged, compared to its average volume of 1,460,269. The stock's 50-day moving average is $216.83 and its 200-day moving average is $190.88. 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 $21.22 billion, a price-to-earnings ratio of 14.41, a price-to-earnings-growth ratio of 4.12 and a beta of 1.32. Cintas Co. has a 52 week low of $124.07 and a 52 week high of $215.37.

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

Cintas Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 15th will be issued a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 0.75%. Cintas's dividend payout ratio is 10.77%.

Cintas declared that its board has authorized a stock repurchase plan on Tuesday, July 23rd that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the business services provider to buy up to 1.3% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company's management 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.