Great Valley Advisor Group Inc. Invests $223,000 in Cintas Co. (NASDAQ:CTAS)

Great Valley Advisor Group Inc. purchased a new stake in shares of Cintas Co. (NASDAQ:CTAS) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 1,085 shares of the business services provider’s stock, valued at approximately $223,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CTAS. Impax Asset Management Group plc grew its holdings in Cintas by 211.1% during the 3rd quarter. Impax Asset Management Group plc now owns 2,429,272 shares of the business services provider’s stock valued at $499,236,000 after buying an additional 1,648,350 shares in the last quarter. King Luther Capital Management Corp increased its holdings in Cintas by 293.2% in the 3rd quarter. King Luther Capital Management Corp now owns 1,904,296 shares of the business services provider’s stock valued at $392,056,000 after acquiring an additional 1,419,975 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Cintas by 258.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,894,922 shares of the business services provider’s stock worth $390,127,000 after purchasing an additional 1,365,825 shares in the last quarter. Alecta Tjanstepension Omsesidigt boosted its holdings in shares of Cintas by 300.0% during the 3rd quarter. Alecta Tjanstepension Omsesidigt now owns 1,630,000 shares of the business services provider’s stock valued at $335,552,000 after purchasing an additional 1,222,500 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its position in shares of Cintas by 299.8% during the third quarter. PNC Financial Services Group Inc. now owns 1,286,525 shares of the business services provider’s stock valued at $264,870,000 after purchasing an additional 964,698 shares in the last quarter. Institutional investors own 63.46% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on CTAS shares. Redburn Atlantic assumed coverage on Cintas in a research note on Friday, August 9th. They issued a “neutral” rating and a $167.50 price objective on the stock. Royal Bank of Canada upped their price target on shares of Cintas from $181.00 to $215.00 and gave the company a “sector perform” rating in a research note on Thursday, September 26th. The Goldman Sachs Group lifted their price target on Cintas from $212.00 to $236.00 and gave the stock a “buy” rating in a research report on Thursday, September 26th. Robert W. Baird raised their price objective on Cintas from $194.00 to $209.00 and gave the company a “neutral” rating in a research note on Thursday, September 26th. Finally, Barclays boosted their target price on Cintas from $210.00 to $245.00 and gave the company an “overweight” rating in a research report on Friday, September 27th. 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, Cintas currently has a consensus rating of “Hold” and a consensus target price of $199.63.

Cintas Stock Performance

Shares of NASDAQ:CTAS opened at $224.05 on Thursday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.33 and a current ratio of 1.53. The firm has a market cap of $90.36 billion, a PE ratio of 56.58, a price-to-earnings-growth ratio of 4.41 and a beta of 1.32. The firm’s 50 day simple moving average is $211.92 and its 200-day simple moving average is $198.32. Cintas Co. has a one year low of $136.87 and a one year high of $228.12.

Cintas (NASDAQ:CTAS) last issued its 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. Cintas had a return on equity of 39.56% and a net margin of 16.80%. The business had revenue of $2.50 billion during the quarter, compared to analyst estimates of $2.49 billion. During the same period in the previous year, the company posted $3.70 EPS. Cintas’s revenue was up 6.8% on a year-over-year basis. As a group, equities analysts predict that Cintas Co. will post 4.23 EPS for the current year.

Cintas Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 15th will be given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date of this dividend is Friday, November 15th. Cintas’s dividend payout ratio (DPR) is 39.39%.

About Cintas

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.