D.A. Davidson & CO. Has $3.34 Million Stock Holdings in Cintas Co. (NASDAQ:CTAS)

D.A. Davidson & CO. increased its holdings in Cintas Co. (NASDAQ:CTAS) by 293.3% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,198 shares of the business services provider’s stock after purchasing an additional 12,079 shares during the period. D.A. Davidson & CO.’s holdings in Cintas were worth $3,335,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in CTAS. Janus Henderson Group PLC raised its position in Cintas by 36.8% in the first quarter. Janus Henderson Group PLC now owns 16,137 shares of the business services provider’s stock worth $11,081,000 after purchasing an additional 4,340 shares in the last quarter. Swedbank AB bought a new stake in Cintas during the first quarter worth about $37,658,000. Atria Investments Inc grew its stake in Cintas by 5.7% during the first quarter. Atria Investments Inc now owns 5,680 shares of the business services provider’s stock worth $3,903,000 after buying an additional 306 shares during the last quarter. Cetera Investment Advisers grew its stake in Cintas by 141.3% during the first quarter. Cetera Investment Advisers now owns 25,498 shares of the business services provider’s stock worth $17,518,000 after buying an additional 14,930 shares during the last quarter. Finally, Cetera Advisors LLC grew its stake in Cintas by 185.1% during the first quarter. Cetera Advisors LLC now owns 8,980 shares of the business services provider’s stock worth $6,170,000 after buying an additional 5,830 shares during the last quarter. Institutional investors and hedge funds own 63.46% of the company’s stock.

Cintas Price Performance

Shares of CTAS stock opened at $224.05 on Friday. Cintas Co. has a 52-week low of $136.87 and a 52-week high of $228.12. The stock has a market cap of $90.36 billion, a PE ratio of 56.58, a PEG ratio of 4.41 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. The firm’s 50 day moving average price is $212.33 and its two-hundred day moving average price is $198.50.

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

Cintas Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 15th will be issued a $0.39 dividend. The ex-dividend date is Friday, November 15th. This represents a $1.56 annualized dividend and a yield of 0.70%. Cintas’s dividend payout ratio (DPR) is presently 39.39%.

Wall Street Analysts Forecast Growth

CTAS has been the topic of several research analyst reports. Royal Bank of Canada upped their price objective on shares of Cintas from $181.00 to $215.00 and gave the stock a “sector perform” rating in a research note on Thursday, September 26th. Redburn Atlantic initiated coverage on shares of Cintas in a research note on Friday, August 9th. They set a “neutral” rating and a $167.50 price objective on the stock. Jefferies Financial Group decreased their price objective on shares of Cintas from $730.00 to $200.00 and set a “hold” rating on the stock in a research note on Thursday, September 26th. Robert W. Baird upped their price objective on shares of Cintas from $194.00 to $209.00 and gave the stock a “neutral” rating in a research note on Thursday, September 26th. Finally, Wells Fargo & Company increased their price target on shares of Cintas from $184.00 to $191.00 and gave the company an “underweight” rating in a research note on Thursday, September 26th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the stock 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.