Thrivent Financial for Lutherans Purchases 16,107 Shares of Cintas Co. (NASDAQ:CTAS)

Thrivent Financial for Lutherans lifted its holdings in shares of Cintas Co. (NASDAQ:CTAS) by 331.2% during the 3rd quarter, Holdings Channel reports. The firm owned 20,970 shares of the business services provider’s stock after purchasing an additional 16,107 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Cintas were worth $4,317,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. LGT Financial Advisors LLC grew its position 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 buying an additional 28 shares during the period. Atwood & Palmer Inc. acquired a new stake in Cintas in the second quarter worth $27,000. Pathway Financial Advisers LLC bought a new stake in Cintas in the first quarter valued at $29,000. Meeder Asset Management Inc. raised its holdings in shares of Cintas by 226.7% during the second quarter. Meeder Asset Management Inc. now owns 49 shares of the business services provider’s stock valued at $34,000 after purchasing an additional 34 shares during the period. Finally, Crewe Advisors LLC boosted its position in shares of Cintas by 133.3% during the 2nd quarter. Crewe Advisors LLC now owns 56 shares of the business services provider’s stock worth $39,000 after purchasing an additional 32 shares in the last quarter. Institutional investors and hedge funds own 63.46% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on CTAS shares. UBS Group upped their price target on Cintas from $219.00 to $240.00 and gave the stock a “buy” rating in a research note on Thursday, September 26th. The Goldman Sachs Group increased their target price on Cintas from $212.00 to $236.00 and gave the stock a “buy” rating in a report on Thursday, September 26th. Royal Bank of Canada upped their price objective on shares of Cintas from $181.00 to $215.00 and gave the stock a “sector perform” rating in a report on Thursday, September 26th. Morgan Stanley boosted their target price on shares of Cintas from $170.00 to $185.00 and gave the stock an “equal weight” rating in a research report on Thursday, September 26th. Finally, Wells Fargo & Company raised their target price on Cintas from $184.00 to $191.00 and gave the company an “underweight” rating in a report on Thursday, September 26th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $199.63.

Cintas Trading Up 0.1 %

Shares of CTAS stock opened at $221.76 on Monday. Cintas Co. has a 12-month low of $136.87 and a 12-month high of $227.35. The company has a quick ratio of 1.33, a current ratio of 1.53 and a debt-to-equity ratio of 0.50. The company has a 50 day moving average of $210.64 and a 200-day moving average of $197.43. The firm has a market cap of $89.44 billion, a P/E ratio of 56.00, a PEG ratio of 4.36 and a beta of 1.32.

Cintas (NASDAQ:CTAS) last issued its earnings results on Wednesday, September 25th. The business services provider reported $1.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.00 by $0.10. The firm 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%. The business’s revenue was up 6.8% on a year-over-year basis. During the same period in the previous year, the company posted $3.70 earnings per share. Sell-side analysts anticipate that Cintas Co. will post 4.23 earnings per share for the current year.

Cintas Announces Dividend

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. The ex-dividend date of this dividend 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 presently 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.