Checchi Capital Advisers LLC lifted its stake in shares of Cintas Co. (NASDAQ:CTAS) by 21.8% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,390 shares of the business services provider’s stock after acquiring an additional 249 shares during the period. Checchi Capital Advisers LLC’s holdings in Cintas were worth $241,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in CTAS. Tobias Financial Advisors Inc. acquired a new position in shares of Cintas during the 4th quarter valued at $28,000. Vigilant Capital Management LLC purchased a new stake in shares of Cintas in the fourth quarter worth about $38,000. Orion Portfolio Solutions LLC purchased a new stake in Cintas in the fourth quarter valued at approximately $51,000. Horan Securities Inc. purchased a new position in shares of Cintas during the first quarter worth approximately $53,000. Finally, Cornerstone Advisors Inc. raised its stake in shares of Cintas by 38.0% during the first quarter. Cornerstone Advisors Inc. now owns 345 shares of the business services provider’s stock worth $60,000 after acquiring an additional 95 shares in the last quarter. Institutional investors own 65.33% of the company’s stock.

CTAS has been the topic of several recent analyst reports. William Blair cut shares of Cintas from an “outperform” rating to a “market perform” rating in a report on Monday, April 6th. Stifel Nicolaus boosted their target price on shares of Cintas from $157.00 to $160.00 and gave the company a “hold” rating in a report on Thursday. Morgan Stanley lifted their price target on Cintas from $171.00 to $174.00 and gave the stock an “underweight” rating in a research report on Thursday. Royal Bank of Canada boosted their target price on Cintas from $220.00 to $250.00 and gave the stock an “outperform” rating in a research report on Thursday. Finally, BidaskClub raised Cintas from a “hold” rating to a “buy” rating in a research report on Thursday, April 30th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $240.18.

CTAS traded down $1.29 on Friday, hitting $227.42. 1,459,884 shares of the company were exchanged, compared to its average volume of 843,993. Cintas Co. has a twelve month low of $154.33 and a twelve month high of $304.81. The company has a market cap of $22.70 billion, a price-to-earnings ratio of 25.81, a price-to-earnings-growth ratio of 2.64 and a beta of 1.43. The company has a current ratio of 2.34, a quick ratio of 2.01 and a debt-to-equity ratio of 0.80. The firm has a 50-day moving average price of $197.58 and a two-hundred day moving average price of $249.47.

Cintas (NASDAQ:CTAS) last released its earnings results on Thursday, March 19th. The business services provider reported $2.16 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.02 by $0.14. The firm had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.80 billion. Cintas had a return on equity of 30.73% and a net margin of 13.19%. Cintas’s revenue for the quarter was up 7.6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.84 EPS. Equities analysts expect that Cintas Co. will post 7.9 EPS for the current year.

Cintas Company Profile

Cintas Corporation provides corporate identity uniforms and related business services primarily in North America, Latin America, Europe, and Asia. It operates through Uniform Rental and Facility Services and First Aid and Safety Services 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, and carpet and tile cleaning services, as well as sells uniforms directly.

Further Reading: Diluted Earnings Per Share

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Institutional Ownership by Quarter for Cintas (NASDAQ:CTAS)

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