Avior Wealth Management LLC Purchases 225 Shares of Cintas Co. (NASDAQ:CTAS)

Avior Wealth Management LLC boosted its position in Cintas Co. (NASDAQ:CTAS) by 304.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 299 shares of the business services provider’s stock after acquiring an additional 225 shares during the quarter. Avior Wealth Management LLC’s holdings in Cintas were worth $62,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in CTAS. Mount Yale Investment Advisors LLC increased its stake in Cintas by 14.6% in the first quarter. Mount Yale Investment Advisors LLC now owns 1,229 shares of the business services provider’s stock valued at $844,000 after acquiring an additional 157 shares during the last quarter. Janus Henderson Group PLC grew its stake in shares of Cintas by 36.8% during the first quarter. Janus Henderson Group PLC now owns 16,137 shares of the business services provider’s stock valued at $11,081,000 after buying an additional 4,340 shares during the last quarter. Virtus Investment Advisers Inc. grew its stake in shares of Cintas by 95.3% during the first quarter. Virtus Investment Advisers Inc. now owns 742 shares of the business services provider’s stock valued at $510,000 after buying an additional 362 shares during the last quarter. California State Teachers Retirement System grew its stake in shares of Cintas by 1.0% during the first quarter. California State Teachers Retirement System now owns 146,618 shares of the business services provider’s stock valued at $100,731,000 after buying an additional 1,410 shares during the last quarter. Finally, Motley Fool Asset Management LLC grew its stake in shares of Cintas by 13.5% during the first quarter. Motley Fool Asset Management LLC now owns 3,517 shares of the business services provider’s stock valued at $2,416,000 after buying an additional 419 shares during the last quarter. Institutional investors own 63.46% of the company’s stock.

Analyst Upgrades and Downgrades

CTAS has been the topic of a number of recent research reports. The Goldman Sachs Group raised 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. UBS Group raised their price objective on Cintas from $219.00 to $240.00 and gave the company a “buy” rating in a research note on Thursday, September 26th. Jefferies Financial Group reduced their price objective on Cintas from $730.00 to $200.00 and set a “hold” rating on the stock in a research note on Thursday, September 26th. Redburn Atlantic began coverage on Cintas in a research note on Friday, August 9th. They set a “neutral” rating and a $167.50 price objective on the stock. Finally, Barclays increased their target price on shares of Cintas from $210.00 to $245.00 and gave the stock an “overweight” rating in a report on Friday, September 27th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $199.63.

Cintas Stock Performance

Shares of CTAS opened at $221.76 on Monday. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.53 and a quick ratio of 1.33. Cintas Co. has a one year low of $136.87 and a one year high of $227.35. The company has a 50-day simple moving average of $210.64 and a two-hundred day simple moving average of $197.43. The firm has a market capitalization of $89.44 billion, a PE ratio of 56.00, a price-to-earnings-growth ratio of 4.36 and a beta of 1.32.

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

Cintas Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 15th will be issued a $0.39 dividend. The ex-dividend date is Friday, November 15th. This represents a $1.56 annualized dividend and a yield of 0.70%. Cintas’s dividend payout ratio (DPR) is presently 39.39%.

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.