Mowery & Schoenfeld Wealth Management LLC Purchases 346 Shares of Cintas Co. (NASDAQ:CTAS)

Mowery & Schoenfeld Wealth Management LLC grew its position in Cintas Co. (NASDAQ:CTAS) by 5,766.7% in the third quarter, HoldingsChannel.com reports. The fund owned 352 shares of the business services provider’s stock after buying an additional 346 shares during the period. Mowery & Schoenfeld Wealth Management LLC’s holdings in Cintas were worth $72,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of CTAS. B. Riley Wealth Advisors Inc. increased its position in Cintas by 12.6% during the fourth quarter. B. Riley Wealth Advisors Inc. now owns 520 shares of the business services provider’s stock worth $313,000 after buying an additional 58 shares during the last quarter. RFG Advisory LLC acquired a new position in shares of Cintas during the 1st quarter worth approximately $228,000. Sunbelt Securities Inc. raised its stake in Cintas by 233.3% in the 1st quarter. Sunbelt Securities Inc. now owns 90 shares of the business services provider’s stock valued at $62,000 after acquiring an additional 63 shares during the period. Brookstone Capital Management acquired a new stake in Cintas during the 1st quarter valued at $233,000. Finally, GoalVest Advisory LLC boosted its position in Cintas by 74.2% during the first quarter. GoalVest Advisory LLC now owns 270 shares of the business services provider’s stock worth $185,000 after purchasing an additional 115 shares during the period. 63.46% of the stock is currently owned by institutional investors and hedge funds.

Cintas Price Performance

Shares of NASDAQ CTAS traded up $0.38 during trading hours on Thursday, hitting $210.09. 220,324 shares of the stock were exchanged, compared to its average volume of 1,461,311. The company’s fifty day simple moving average is $215.86 and its two-hundred day simple moving average is $189.89. The company has a market cap of $21.32 billion, a PE ratio of 14.48, a price-to-earnings-growth ratio of 4.12 and a beta of 1.32. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.33 and a current ratio of 1.53. Cintas Co. has a 1-year low of $123.65 and a 1-year high of $215.37.

Cintas (NASDAQ:CTAS) last issued its earnings results on Wednesday, September 25th. The business services provider reported $1.10 earnings per share for the quarter, beating analysts’ consensus estimates of $1.00 by $0.10. Cintas had a return on equity of 39.56% and a net margin of 16.80%. The firm had revenue of $2.50 billion for the quarter, compared to the consensus estimate of $2.49 billion. During the same quarter last year, the business posted $3.70 EPS. The company’s revenue was up 6.8% compared to the same quarter last year. On average, sell-side analysts predict that Cintas Co. will post 4.23 EPS for the current year.

Cintas announced that its board has authorized a share repurchase plan on Tuesday, July 23rd that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the business services provider to repurchase up to 1.3% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s management believes its stock is undervalued.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. UBS Group raised their target price on shares of Cintas from $219.00 to $240.00 and gave the stock a “buy” rating in a research note on Thursday, September 26th. Barclays raised their price objective on shares of Cintas from $210.00 to $245.00 and gave the stock an “overweight” rating in a research report on Friday, September 27th. Jefferies Financial Group decreased their target price on Cintas from $730.00 to $200.00 and set a “hold” rating on the stock in a research report on Thursday, September 26th. Stifel Nicolaus lifted their price target on Cintas from $166.75 to $199.50 and gave the stock a “hold” rating in a report on Friday, July 19th. Finally, The Goldman Sachs Group upped their price objective on Cintas from $212.00 to $236.00 and gave the company a “buy” rating in a report on Thursday, September 26th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, Cintas currently has an average rating of “Hold” and a consensus target price of $199.63.

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.