TRUE Private Wealth Advisors Acquires New Stake in Cintas Co. (CTAS)

TRUE Private Wealth Advisors acquired a new stake in shares of Cintas Co. (NASDAQ:CTAS) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 2,487 shares of the business services provider’s stock, valued at approximately $387,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CTAS. Mountain Capital Investment Advisors Inc bought a new stake in shares of Cintas during the second quarter valued at approximately $120,000. QS Investors LLC increased its position in shares of Cintas by 1.0% during the second quarter. QS Investors LLC now owns 995 shares of the business services provider’s stock valued at $125,000 after purchasing an additional 10 shares during the period. YorkBridge Wealth Partners LLC increased its position in shares of Cintas by 3.2% during the second quarter. YorkBridge Wealth Partners LLC now owns 1,056 shares of the business services provider’s stock valued at $133,000 after purchasing an additional 33 shares during the period. D.A. Davidson & CO. boosted its stake in Cintas by 0.8% in the 2nd quarter. D.A. Davidson & CO. now owns 1,574 shares of the business services provider’s stock valued at $198,000 after buying an additional 12 shares in the last quarter. Finally, Pitcairn Co. acquired a new stake in Cintas in the 3rd quarter valued at $200,000. Institutional investors and hedge funds own 66.64% of the company’s stock.

Cintas Co. (NASDAQ CTAS) opened at $164.06 on Friday. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.77 and a quick ratio of 1.53. The company has a market capitalization of $17,680.00, a price-to-earnings ratio of 36.70, a price-to-earnings-growth ratio of 2.48 and a beta of 0.87. Cintas Co. has a one year low of $112.96 and a one year high of $164.17.

Cintas (NASDAQ:CTAS) last posted its quarterly earnings data on Thursday, December 21st. The business services provider reported $1.31 EPS for the quarter, topping analysts’ consensus estimates of $1.27 by $0.04. The company had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.59 billion. Cintas had a return on equity of 23.23% and a net margin of 9.23%. The business’s revenue was up 26.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.15 earnings per share. sell-side analysts expect that Cintas Co. will post 5.44 EPS for the current year.

Several analysts recently commented on CTAS shares. William Blair reaffirmed a “buy” rating on shares of Cintas in a research note on Monday, January 1st. Oppenheimer reaffirmed a “hold” rating on shares of Cintas in a research note on Wednesday, September 27th. Zacks Investment Research raised Cintas from a “hold” rating to a “strong-buy” rating and set a $180.00 price target on the stock in a research note on Thursday, December 28th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $138.00 price target (up previously from $136.00) on shares of Cintas in a research note on Wednesday, September 27th. Finally, Royal Bank of Canada reaffirmed a “hold” rating and issued a $145.00 price target on shares of Cintas in a research note on Monday, November 20th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $153.73.

In other Cintas news, insider James Phillip Holloman sold 12,386 shares of the business’s stock in a transaction on Friday, January 12th. The stock was sold at an average price of $160.92, for a total value of $1,993,155.12. Following the transaction, the insider now owns 141,328 shares of the company’s stock, valued at $22,742,501.76. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 18.90% of the stock is currently owned by insiders.

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Cintas Company 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.

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Institutional Ownership by Quarter for Cintas (NASDAQ:CTAS)

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