Smith Shellnut Wilson LLC ADV bought a new stake in Cintas Corporation (NASDAQ:CTAS) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 2,677 shares of the business services provider’s stock, valued at approximately $386,000.

A number of other institutional investors have also added to or reduced their stakes in the business. First Personal Financial Services lifted its holdings in Cintas by 0.8% in the second quarter. First Personal Financial Services now owns 1,147 shares of the business services provider’s stock valued at $145,000 after acquiring an additional 9 shares during the period. QS Investors LLC lifted its holdings in Cintas by 1.0% in the second quarter. QS Investors LLC now owns 995 shares of the business services provider’s stock valued at $125,000 after acquiring an additional 10 shares during the period. Alps Advisors Inc. lifted its holdings in Cintas by 0.3% in the second quarter. Alps Advisors Inc. now owns 4,043 shares of the business services provider’s stock valued at $510,000 after acquiring an additional 11 shares during the period. D.A. Davidson & CO. lifted its holdings in Cintas by 0.8% in the second quarter. D.A. Davidson & CO. now owns 1,574 shares of the business services provider’s stock valued at $198,000 after acquiring an additional 12 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in Cintas by 0.4% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 6,416 shares of the business services provider’s stock valued at $809,000 after acquiring an additional 27 shares during the period. 66.85% of the stock is owned by institutional investors.

A number of research firms have commented on CTAS. Robert W. Baird reissued an “outperform” rating and issued a $165.00 target price (up previously from $152.00) on shares of Cintas in a report on Thursday, September 28th. BidaskClub raised Cintas from a “sell” rating to a “hold” rating in a report on Tuesday, December 5th. William Blair restated an “ourperform” rating on shares of Cintas in a research report on Wednesday, September 27th. Stifel Nicolaus restated a “hold” rating and issued a $138.00 price target (up previously from $136.00) on shares of Cintas in a research report on Wednesday, September 27th. Finally, Zacks Investment Research upgraded Cintas from a “hold” rating to a “buy” rating and set a $153.00 price target for the company in a research report on Thursday, September 21st. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $144.67.

Cintas Corporation (NASDAQ:CTAS) opened at $157.29 on Thursday. Cintas Corporation has a 52-week low of $112.96 and a 52-week high of $159.83. The firm has a market capitalization of $16,710.00, a price-to-earnings ratio of 32.18, a PEG ratio of 2.46 and a beta of 0.88. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.84 and a quick ratio of 1.57.

Cintas (NASDAQ:CTAS) last announced its quarterly earnings results on Tuesday, September 26th. The business services provider reported $1.48 earnings per share for the quarter, beating analysts’ consensus estimates of $1.30 by $0.18. Cintas had a return on equity of 23.71% and a net margin of 9.79%. The business had revenue of $1.61 billion during the quarter, compared to analysts’ expectations of $1.57 billion. During the same quarter last year, the business posted $1.26 earnings per share. The business’s revenue for the quarter was up 27.2% on a year-over-year basis. sell-side analysts forecast that Cintas Corporation will post 5.36 EPS for the current year.

The business also recently disclosed an annual dividend, which was paid on Friday, December 8th. Investors of record on Friday, November 10th were given a dividend of $1.62 per share. This represents a yield of 1.07%. The ex-dividend date was Thursday, November 9th. This is a boost from Cintas’s previous annual dividend of $1.33. Cintas’s dividend payout ratio (DPR) is currently 37.16%.

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Cintas Profile

Cintas Corporation is a provider of corporate identity uniforms through rental and sales programs, as well as a provider of related business services, including entrance mats, restroom cleaning services and supplies, carpet and tile cleaning services, first aid and safety services and fire protection products and services.

Institutional Ownership by Quarter for Cintas (NASDAQ:CTAS)

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