Wealthquest Corp Buys 581 Shares of Cintas Co. (NASDAQ:CTAS)

Wealthquest Corp increased its stake in Cintas Co. (NASDAQ:CTAS) by 19.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,640 shares of the business services provider’s stock after purchasing an additional 581 shares during the quarter. Wealthquest Corp’s holdings in Cintas were worth $975,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the stock. Krane Funds Advisors LLC purchased a new position in shares of Cintas during the 2nd quarter valued at $25,000. Coastal Investment Advisors Inc. purchased a new position in Cintas in the second quarter worth $36,000. Signaturefd LLC grew its position in Cintas by 55.8% in the third quarter. Signaturefd LLC now owns 148 shares of the business services provider’s stock worth $40,000 after acquiring an additional 53 shares in the last quarter. Sonora Investment Management LLC purchased a new position in Cintas in the second quarter worth $42,000. Finally, Capital Investment Advisory Services LLC purchased a new position in Cintas in the second quarter worth $52,000. 66.37% of the stock is currently owned by institutional investors.

CTAS has been the subject of several research reports. Stifel Nicolaus upped their target price on shares of Cintas from $226.00 to $256.00 and gave the stock a “hold” rating in a research report on Wednesday, September 25th. BidaskClub lowered shares of Cintas from a “buy” rating to a “hold” rating in a research report on Wednesday, September 11th. Morgan Stanley upped their target price on shares of Cintas from $217.00 to $223.00 and gave the stock an “underweight” rating in a research report on Thursday, October 10th. Credit Suisse Group upped their target price on shares of Cintas from $195.00 to $225.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 25th. Finally, Barclays set a $295.00 price target on shares of Cintas and gave the company a “buy” rating in a research report on Friday, September 27th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $262.40.

NASDAQ CTAS traded up $0.98 during trading on Friday, hitting $269.31. 391,987 shares of the company’s stock traded hands, compared to its average volume of 619,873. The stock has a fifty day moving average of $260.53 and a two-hundred day moving average of $241.23. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.04 and a quick ratio of 1.74. Cintas Co. has a 12-month low of $155.98 and a 12-month high of $271.78. The firm has a market cap of $27.77 billion, a P/E ratio of 35.44, a PEG ratio of 3.01 and a beta of 1.00.

Cintas (NASDAQ:CTAS) last posted its quarterly earnings results on Tuesday, September 24th. The business services provider reported $2.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.15 by $0.17. Cintas had a net margin of 13.18% and a return on equity of 28.61%. The business had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.79 billion. During the same period in the prior year, the business posted $1.93 earnings per share. The company’s revenue was up 6.7% on a year-over-year basis. As a group, analysts expect that Cintas Co. will post 8.57 earnings per share for the current fiscal year.

In other news, insider Michael Lawrence Thompson sold 4,888 shares of the company’s stock in a transaction dated Tuesday, July 23rd. The shares were sold at an average price of $260.79, for a total transaction of $1,274,741.52. Following the completion of the transaction, the insider now directly owns 69,053 shares of the company’s stock, valued at $18,008,331.87. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Thomas E. Frooman sold 5,373 shares of the company’s stock in a transaction dated Tuesday, July 23rd. The shares were sold at an average price of $260.79, for a total transaction of $1,401,224.67. Following the transaction, the vice president now directly owns 127,624 shares of the company’s stock, valued at $33,283,062.96. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 12,261 shares of company stock valued at $3,212,426. Company insiders own 15.90% of the company’s stock.

Cintas Profile

Cintas Corporation provides corporate identity uniforms and related business services primarily in North America, Latin America, Europe, and Asia. It operates through Uniform Rental and Facility Services and First Aid and Safety Services 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, and carpet and tile cleaning services, as well as sells uniforms directly.

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Institutional Ownership by Quarter for Cintas (NASDAQ:CTAS)

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