Rowlandmiller & PARTNERS.ADV Acquires 18,330 Shares of Cintas Co. (NASDAQ:CTAS)

Rowlandmiller & PARTNERS.ADV increased its holdings in shares of Cintas Co. (NASDAQ:CTAS) by 300.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,440 shares of the business services provider’s stock after purchasing an additional 18,330 shares during the period. Cintas makes up 1.0% of Rowlandmiller & PARTNERS.ADV’s portfolio, making the stock its 29th biggest position. Rowlandmiller & PARTNERS.ADV’s holdings in Cintas were worth $5,032,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. LGT Financial Advisors LLC lifted its stake in Cintas by 311.1% in the 2nd quarter. LGT Financial Advisors LLC now owns 37 shares of the business services provider’s stock valued at $26,000 after acquiring an additional 28 shares in the last quarter. Atwood & Palmer Inc. bought a new stake in Cintas in the 2nd quarter valued at approximately $27,000. Pathway Financial Advisers LLC bought a new stake in shares of Cintas during the 1st quarter worth approximately $29,000. Meeder Asset Management Inc. raised 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 purchasing an additional 34 shares in the last quarter. Finally, Webster Bank N. A. bought a new stake in shares of Cintas during the 1st quarter worth approximately $38,000. Institutional investors own 63.46% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Barclays upped their price objective on Cintas from $210.00 to $245.00 and gave the stock an “overweight” rating in a research note on Friday, September 27th. Royal Bank of Canada upped their price objective on Cintas from $181.00 to $215.00 and gave the stock a “sector perform” rating in a research note on Thursday, September 26th. Stifel Nicolaus upped their price objective on Cintas from $166.75 to $199.50 and gave the stock a “hold” rating in a research note on Friday, July 19th. UBS Group boosted their target price on Cintas from $219.00 to $240.00 and gave the stock a “buy” rating in a report on Thursday, September 26th. Finally, Baird R W lowered Cintas from a “strong-buy” rating to a “hold” rating in a report on Friday, July 19th. Two investment 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. According to MarketBeat.com, Cintas currently has an average rating of “Hold” and a consensus price target of $199.63.

Cintas Stock Performance

CTAS opened at $209.13 on Friday. The firm has a market cap of $21.22 billion, a P/E ratio of 14.44, a price-to-earnings-growth ratio of 4.12 and a beta of 1.32. Cintas Co. has a 52-week low of $123.65 and a 52-week high of $215.37. 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 business’s fifty day moving average is $215.86 and its 200-day moving average is $189.89.

Cintas (NASDAQ:CTAS) last released its earnings results on Wednesday, September 25th. The business services provider reported $1.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.00 by $0.10. The company had revenue of $2.50 billion for the quarter, compared to analyst estimates of $2.49 billion. Cintas had a return on equity of 39.56% and a net margin of 16.80%. Cintas’s quarterly revenue was up 6.8% on a year-over-year basis. During the same period in the prior year, the firm posted $3.70 EPS. Sell-side analysts expect that Cintas Co. will post 4.23 EPS for the current fiscal year.

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

Cintas 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.