Cintas Co. (NASDAQ:CTAS) Shares Bought by Whittier Trust Co. of Nevada Inc.

Whittier Trust Co. of Nevada Inc. increased its holdings in Cintas Co. (NASDAQ:CTAS) by 1,153.8% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 6,620 shares of the business services provider’s stock after acquiring an additional 6,092 shares during the quarter. Whittier Trust Co. of Nevada Inc.’s holdings in Cintas were worth $1,363,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. B. Riley Wealth Advisors Inc. boosted its stake in shares of Cintas by 12.6% during the 4th quarter. B. Riley Wealth Advisors Inc. now owns 520 shares of the business services provider’s stock valued at $313,000 after buying an additional 58 shares during the last quarter. RFG Advisory LLC acquired a new stake in Cintas in the first quarter valued at $228,000. Riverview Trust Co bought a new position in Cintas during the 1st quarter valued at $57,000. Sunbelt Securities Inc. grew its holdings in Cintas by 233.3% during the 1st quarter. Sunbelt Securities Inc. now owns 90 shares of the business services provider’s stock worth $62,000 after acquiring an additional 63 shares in the last quarter. Finally, Brookstone Capital Management bought a new stake in shares of Cintas in the 1st quarter worth about $233,000. Hedge funds and other institutional investors own 63.46% of the company’s stock.

Analyst Ratings Changes

CTAS has been the topic of several research analyst reports. Redburn Atlantic assumed coverage on shares of Cintas in a research report on Friday, August 9th. They set a “neutral” rating and a $167.50 price target on the stock. Jefferies Financial Group reduced their target price on Cintas from $730.00 to $200.00 and set a “hold” rating on the stock in a report on Thursday, September 26th. The Goldman Sachs Group lifted their target price on Cintas from $212.00 to $236.00 and gave the stock a “buy” rating in a research report on Thursday, September 26th. Wells Fargo & Company upped their price target on Cintas from $184.00 to $191.00 and gave the company an “underweight” rating in a research report on Thursday, September 26th. Finally, Stifel Nicolaus lifted their price objective on shares of Cintas from $166.75 to $199.50 and gave the stock a “hold” rating in a report on Friday, July 19th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $199.63.

Cintas Stock Performance

CTAS opened at $211.54 on Wednesday. Cintas Co. has a twelve month low of $123.65 and a twelve month high of $215.37. The stock has a market cap 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. The business’s 50 day moving average is $215.48 and its 200-day moving average is $189.75. The company has a current ratio of 1.53, a quick ratio of 1.33 and a debt-to-equity ratio of 0.50.

Cintas (NASDAQ:CTAS) last announced its quarterly earnings results on Wednesday, September 25th. The business services provider reported $1.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.00 by $0.10. The company had revenue of $2.50 billion during 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 firm’s quarterly revenue was up 6.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.70 EPS. On average, analysts predict that Cintas Co. will post 4.23 earnings per share for the current year.

Cintas announced that its board has approved a share 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 stock through open market purchases. Stock buyback programs are often a sign that the company’s management believes its shares are 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.