Thrivent Financial for Lutherans Has $4.32 Million Stock Position in Cintas Co. (NASDAQ:CTAS)

Thrivent Financial for Lutherans increased its stake in Cintas Co. (NASDAQ:CTAS) by 331.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 20,970 shares of the business services provider’s stock after buying an additional 16,107 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Cintas were worth $4,317,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. LGT Financial Advisors LLC increased its stake in shares of Cintas by 311.1% during the 2nd quarter. LGT Financial Advisors LLC now owns 37 shares of the business services provider’s stock worth $26,000 after purchasing an additional 28 shares during the last quarter. Atwood & Palmer Inc. bought a new stake in Cintas in the second quarter valued at approximately $27,000. Pathway Financial Advisers LLC acquired a new stake in shares of Cintas in the first quarter valued at approximately $29,000. Meeder Asset Management Inc. boosted its stake in shares of Cintas by 226.7% during the 2nd quarter. Meeder Asset Management Inc. now owns 49 shares of the business services provider’s stock worth $34,000 after acquiring an additional 34 shares during the period. Finally, Crewe Advisors LLC raised its stake in Cintas by 133.3% in the 2nd quarter. Crewe Advisors LLC now owns 56 shares of the business services provider’s stock valued at $39,000 after acquiring an additional 32 shares during the period. 63.46% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

CTAS has been the topic of several research reports. Wells Fargo & Company upped their price objective on shares of Cintas from $184.00 to $191.00 and gave the company an “underweight” rating in a report on Thursday, September 26th. UBS Group raised their price objective on shares of Cintas from $219.00 to $240.00 and gave the stock a “buy” rating in a research report on Thursday, September 26th. The Goldman Sachs Group boosted their price objective on Cintas from $212.00 to $236.00 and gave the stock a “buy” rating in a report on Thursday, September 26th. Barclays lifted their price target on Cintas from $210.00 to $245.00 and gave the stock an “overweight” rating in a report on Friday, September 27th. Finally, Redburn Atlantic assumed coverage on Cintas in a report on Friday, August 9th. They issued a “neutral” rating and a $167.50 price objective on the stock. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $199.63.

Cintas Price Performance

Shares of CTAS stock opened at $221.76 on Monday. The business has a fifty day simple moving average of $210.64 and a 200 day simple moving average of $197.43. The company has a market cap of $89.44 billion, a P/E ratio of 56.00, a P/E/G ratio of 4.36 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 $136.87 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 earnings per share for the quarter, beating analysts’ consensus estimates of $1.00 by $0.10. The company 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 firm’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same period last year, the company posted $3.70 EPS. On average, sell-side analysts forecast that Cintas Co. will post 4.23 EPS for the current fiscal year.

Cintas Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 15th will be given a dividend of $0.39 per share. The ex-dividend date is Friday, November 15th. This represents a $1.56 dividend on an annualized basis and a yield of 0.70%. Cintas’s dividend payout ratio is currently 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.