Nicolet Advisory Services LLC Has $636,000 Holdings in Cintas Co. (NASDAQ:CTAS)

Nicolet Advisory Services LLC raised its position in shares of Cintas Co. (NASDAQ:CTAS) by 300.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,108 shares of the business services provider’s stock after buying an additional 2,332 shares during the period. Nicolet Advisory Services LLC’s holdings in Cintas were worth $636,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Financial Council LLC increased its holdings in Cintas by 300.0% during the 3rd quarter. Financial Council LLC now owns 1,312 shares of the business services provider’s stock valued at $270,000 after purchasing an additional 984 shares in the last quarter. Icon Wealth Advisors LLC grew its holdings in shares of Cintas by 1,182.4% during the third quarter. Icon Wealth Advisors LLC now owns 2,039 shares of the business services provider’s stock worth $420,000 after purchasing an additional 1,880 shares during the last quarter. GM Advisory Group LLC increased its stake in shares of Cintas by 300.8% in the third quarter. GM Advisory Group LLC now owns 2,445 shares of the business services provider’s stock valued at $503,000 after buying an additional 1,835 shares in the last quarter. STF Management LP raised its holdings in shares of Cintas by 266.0% in the third quarter. STF Management LP now owns 5,911 shares of the business services provider’s stock valued at $1,217,000 after buying an additional 4,296 shares during the last quarter. Finally, CFS Investment Advisory Services LLC lifted its position in Cintas by 296.9% during the 3rd quarter. CFS Investment Advisory Services LLC now owns 23,185 shares of the business services provider’s stock worth $4,773,000 after buying an additional 17,344 shares in the last quarter. Institutional investors own 63.46% of the company’s stock.

Cintas Trading Up 0.1 %

CTAS opened at $221.76 on Friday. The firm’s fifty day moving average is $210.64 and its two-hundred day moving average is $197.26. The firm has a market cap of $89.44 billion, a PE ratio of 56.00, a price-to-earnings-growth ratio of 4.36 and a beta of 1.32. Cintas Co. has a twelve month low of $136.87 and a twelve month high of $227.35. 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 (NASDAQ:CTAS) last issued its quarterly earnings data on Wednesday, September 25th. The business services provider reported $1.10 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 business 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 firm’s revenue was up 6.8% compared to the same quarter last year. Equities research analysts anticipate that Cintas Co. will post 4.23 EPS for the current year.

Cintas Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 15th will be given a $0.39 dividend. The ex-dividend date is Friday, November 15th. This represents a $1.56 annualized dividend and a dividend yield of 0.70%. Cintas’s dividend payout ratio is presently 39.39%.

Analyst Ratings Changes

Several research firms have weighed in on CTAS. Redburn Atlantic initiated coverage on shares of Cintas in a research report on Friday, August 9th. They issued a “neutral” rating and a $167.50 price objective for the company. The Goldman Sachs Group boosted their price objective on shares of Cintas from $212.00 to $236.00 and gave the stock a “buy” rating in a research report on Thursday, September 26th. UBS Group increased their price objective on Cintas from $219.00 to $240.00 and gave the company a “buy” rating in a research report on Thursday, September 26th. Wells Fargo & Company boosted their target price on Cintas from $184.00 to $191.00 and gave the stock an “underweight” rating in a research report on Thursday, September 26th. Finally, Barclays upped their price target on Cintas from $210.00 to $245.00 and gave the company an “overweight” rating in a research note on Friday, September 27th. Two 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’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $199.63.

About Cintas

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.