Venture Visionary Partners LLC Has $367,000 Position in Cintas Co. (NASDAQ:CTAS)

Venture Visionary Partners LLC boosted its position in Cintas Co. (NASDAQ:CTAS) by 301.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,784 shares of the business services provider’s stock after acquiring an additional 1,340 shares during the quarter. Venture Visionary Partners LLC’s holdings in Cintas were worth $367,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CTAS. Whittier Trust Co. of Nevada Inc. raised its holdings in shares of Cintas by 1,153.8% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 6,620 shares of the business services provider’s stock worth $1,363,000 after buying an additional 6,092 shares in the last quarter. Whittier Trust Co. grew its position in Cintas by 300.0% in the third quarter. Whittier Trust Co. now owns 3,332 shares of the business services provider’s stock valued at $686,000 after acquiring an additional 2,499 shares during the last quarter. Western Financial Corp CA raised its stake in Cintas by 628.2% during the third quarter. Western Financial Corp CA now owns 11,797 shares of the business services provider’s stock worth $2,429,000 after acquiring an additional 10,177 shares in the last quarter. Retirement Guys Formula LLC lifted its holdings in shares of Cintas by 290.0% in the third quarter. Retirement Guys Formula LLC now owns 3,955 shares of the business services provider’s stock worth $814,000 after acquiring an additional 2,941 shares during the last quarter. Finally, Everence Capital Management Inc. boosted its stake in shares of Cintas by 300.0% in the 3rd quarter. Everence Capital Management Inc. now owns 7,080 shares of the business services provider’s stock valued at $1,458,000 after purchasing an additional 5,310 shares in the last quarter. 63.46% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on CTAS shares. Redburn Atlantic assumed coverage on shares of Cintas in a research note on Friday, August 9th. They issued a “neutral” rating and a $167.50 price objective for the company. Robert W. Baird upped their price target on shares of Cintas from $194.00 to $209.00 and gave the company a “neutral” rating in a research report on Thursday, September 26th. Stifel Nicolaus lifted their price target on shares of Cintas from $166.75 to $199.50 and gave the stock a “hold” rating in a report on Friday, July 19th. Barclays upped their target price on Cintas from $210.00 to $245.00 and gave the company an “overweight” rating in a report on Friday, September 27th. Finally, Royal Bank of Canada increased their price objective on shares of Cintas from $181.00 to $215.00 and gave the stock a “sector perform” rating in a research report on Thursday, September 26th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $199.63.

Cintas Trading Down 0.0 %

Shares of Cintas stock opened at $211.54 on Wednesday. The stock has a market capitalization of $21.46 billion, a PE ratio of 14.61, 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 stock has a 50 day moving average price of $215.48 and a two-hundred day moving average price of $189.75. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.33 and a current ratio of 1.53.

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

Cintas announced that its board has approved a stock buyback plan on Tuesday, July 23rd that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the business services provider to reacquire up to 1.3% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

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.