Guardian Wealth Advisors LLC Raises Position in Cintas Co. (NASDAQ:CTAS)

Guardian Wealth Advisors LLC increased its stake in shares of Cintas Co. (NASDAQ:CTAS) by 299.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,689 shares of the business services provider’s stock after buying an additional 1,266 shares during the quarter. Guardian Wealth Advisors LLC’s holdings in Cintas were worth $348,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Fifth Third Wealth Advisors LLC boosted its holdings in shares of Cintas by 297.3% in the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 4,021 shares of the business services provider’s stock worth $828,000 after buying an additional 3,009 shares during the last quarter. Wrapmanager Inc. increased its holdings in Cintas by 258.2% during the third quarter. Wrapmanager Inc. now owns 1,816 shares of the business services provider’s stock worth $374,000 after buying an additional 1,309 shares during the last quarter. Prospera Financial Services Inc boosted its stake in Cintas by 3,812.9% in the third quarter. Prospera Financial Services Inc now owns 34,668 shares of the business services provider’s stock valued at $7,137,000 after acquiring an additional 33,782 shares during the last quarter. Chesapeake Wealth Management boosted its stake in Cintas by 288.0% in the third quarter. Chesapeake Wealth Management now owns 1,940 shares of the business services provider’s stock valued at $399,000 after acquiring an additional 1,440 shares during the last quarter. Finally, Tranquility Partners LLC grew its position in shares of Cintas by 300.0% during the 3rd quarter. Tranquility Partners LLC now owns 2,304 shares of the business services provider’s stock valued at $474,000 after acquiring an additional 1,728 shares during the period. 63.46% of the stock is currently owned by institutional investors.

Cintas Price Performance

Shares of NASDAQ CTAS opened at $216.20 on Tuesday. The stock’s 50-day simple moving average is $221.79 and its two-hundred day simple moving average is $196.06. The firm has a market capitalization of $87.19 billion, a P/E ratio of 54.60, 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. Cintas Co. has a twelve month low of $136.50 and a twelve month high of $227.35.

Cintas (NASDAQ:CTAS) last posted its quarterly 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 firm had revenue of $2.50 billion for the quarter, compared to the consensus estimate of $2.49 billion. Cintas had a net margin of 16.80% and a return on equity of 39.56%. The business’s revenue was up 6.8% compared to the same quarter last year. During the same period last year, the firm posted $3.70 earnings per share. As a group, equities analysts anticipate that Cintas Co. will post 4.23 EPS for the current fiscal year.

Cintas announced that its board has authorized a stock repurchase program on Tuesday, July 23rd that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the business services provider to reacquire up to 1.3% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board believes its stock is undervalued.

Cintas Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 15th will be paid a dividend of $0.39 per share. 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%.

Wall Street Analysts Forecast Growth

CTAS has been the topic of several research analyst reports. Wells Fargo & Company upped their price objective on Cintas from $184.00 to $191.00 and gave the company an “underweight” rating in a research note on Thursday, September 26th. Barclays increased 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. The Goldman Sachs Group boosted their price objective on Cintas from $212.00 to $236.00 and gave the company a “buy” rating in a research note on Thursday, September 26th. Robert W. Baird increased their target price on shares of Cintas from $194.00 to $209.00 and gave the stock a “neutral” rating in a research report on Thursday, September 26th. Finally, Royal Bank of Canada lifted their target price on shares of Cintas from $181.00 to $215.00 and gave the stock a “sector perform” rating in a research note on Thursday, September 26th. Two 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 MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target 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.