Cintas Co. (NASDAQ:CTAS) Holdings Raised by Tributary Capital Management LLC

Tributary Capital Management LLC increased its stake in shares of Cintas Co. (NASDAQ:CTAS) by 223.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,395 shares of the business services provider’s stock after buying an additional 2,345 shares during the quarter. Tributary Capital Management LLC’s holdings in Cintas were worth $699,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in CTAS. Sunbelt Securities Inc. grew its stake in shares of Cintas by 233.3% in the first quarter. Sunbelt Securities Inc. now owns 90 shares of the business services provider’s stock worth $62,000 after purchasing an additional 63 shares in the last quarter. Brookstone Capital Management acquired a new stake in shares of Cintas in the first quarter valued at $233,000. Wealthcare Advisory Partners LLC lifted its holdings in shares of Cintas by 9.2% in the first quarter. Wealthcare Advisory Partners LLC now owns 1,072 shares of the business services provider’s stock valued at $737,000 after buying an additional 90 shares during the period. Diversified Trust Co lifted its holdings in shares of Cintas by 12.2% in the first quarter. Diversified Trust Co now owns 2,471 shares of the business services provider’s stock valued at $1,698,000 after buying an additional 269 shares during the period. Finally, Park Place Capital Corp acquired a new stake in shares of Cintas in the first quarter valued at $249,000. 63.46% of the stock is currently owned by institutional investors.

Cintas Trading Down 0.8 %

NASDAQ:CTAS opened at $207.41 on Monday. Cintas Co. has a 1-year low of $123.65 and a 1-year high of $215.37. The business’s 50-day moving average price is $216.53 and its two-hundred day moving average price is $190.59. The firm has a market capitalization of $21.04 billion, a price-to-earnings ratio of 14.32, a PEG ratio of 4.12 and a beta of 1.32. 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 the consensus estimate of $1.00 by $0.10. Cintas had a return on equity of 39.56% and a net margin of 16.80%. The company had revenue of $2.50 billion during the quarter, compared to the consensus estimate of $2.49 billion. During the same period in the prior year, the company earned $3.70 earnings per share. The company’s revenue for the quarter was up 6.8% compared to the same quarter last year. On average, equities analysts expect that Cintas Co. will post 4.23 earnings per share for the current year.

Cintas announced that its Board of Directors has initiated a stock repurchase program on Tuesday, July 23rd that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the business services provider to purchase up to 1.3% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board of directors believes its shares are undervalued.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Redburn Atlantic assumed coverage on Cintas in a report on Friday, August 9th. They set a “neutral” rating and a $167.50 target price for the company. Morgan Stanley upped their target price on Cintas from $170.00 to $185.00 and gave the company an “equal weight” rating in a report on Thursday, September 26th. Wells Fargo & Company upped their target price on Cintas from $184.00 to $191.00 and gave the company an “underweight” rating in a report on Thursday, September 26th. Royal Bank of Canada upped their target price on Cintas from $181.00 to $215.00 and gave the company a “sector perform” rating in a report on Thursday, September 26th. Finally, UBS Group upped their price target on Cintas from $219.00 to $240.00 and gave the company a “buy” rating in a research report on Thursday, September 26th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $199.63.

Cintas Company 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.