American Financial Network Advisory Services LLC Increases Stake in Cintas Co. (CTAS)

American Financial Network Advisory Services LLC grew its position in Cintas Co. (NASDAQ:CTAS) by 3,965.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,293 shares of the business services provider’s stock after purchasing an additional 3,212 shares during the period. American Financial Network Advisory Services LLC’s holdings in Cintas were worth $651,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in CTAS. Brown Advisory Inc. acquired a new position in shares of Cintas in the first quarter valued at about $247,027,000. Cornerstone Wealth Management LLC grew its holdings in Cintas by 18,267.8% during the second quarter. Cornerstone Wealth Management LLC now owns 766,673 shares of the business services provider’s stock worth $4,064,000 after acquiring an additional 762,499 shares during the period. FMR LLC grew its holdings in Cintas by 15.9% during the second quarter. FMR LLC now owns 2,507,776 shares of the business services provider’s stock worth $464,114,000 after acquiring an additional 344,359 shares during the period. King Luther Capital Management Corp grew its holdings in Cintas by 127.9% during the second quarter. King Luther Capital Management Corp now owns 458,356 shares of the business services provider’s stock worth $84,828,000 after acquiring an additional 257,231 shares during the period. Finally, Bessemer Group Inc. grew its holdings in Cintas by 12.6% during the second quarter. Bessemer Group Inc. now owns 1,297,097 shares of the business services provider’s stock worth $240,054,000 after acquiring an additional 145,128 shares during the period. 67.05% of the stock is currently owned by institutional investors and hedge funds.

Shares of CTAS opened at $178.66 on Friday. The company has a current ratio of 3.10, a quick ratio of 2.65 and a debt-to-equity ratio of 0.76. Cintas Co. has a 12 month low of $144.40 and a 12 month high of $217.34. The company has a market capitalization of $19.90 billion, a price-to-earnings ratio of 30.08, a price-to-earnings-growth ratio of 2.14 and a beta of 0.98.

Cintas (NASDAQ:CTAS) last issued its quarterly earnings data on Tuesday, September 25th. The business services provider reported $1.93 EPS for the quarter, beating the consensus estimate of $1.80 by $0.13. Cintas had a return on equity of 24.13% and a net margin of 12.72%. The company had revenue of $1.70 billion for the quarter, compared to analyst estimates of $1.68 billion. During the same period last year, the company earned $1.45 earnings per share. Cintas’s quarterly revenue was up 5.4% compared to the same quarter last year. Research analysts anticipate that Cintas Co. will post 7.24 earnings per share for the current year.

Several research firms recently commented on CTAS. BidaskClub lowered Cintas from a “strong-buy” rating to a “buy” rating in a report on Friday. Morgan Stanley set a $175.00 target price on Cintas and gave the stock a “sell” rating in a report on Monday, October 15th. Zacks Investment Research raised Cintas from a “hold” rating to a “buy” rating and set a $221.00 target price on the stock in a report on Friday, September 28th. Robert W. Baird set a $235.00 target price on Cintas and gave the stock a “buy” rating in a report on Wednesday, September 26th. Finally, Barclays raised their target price on Cintas from $210.00 to $235.00 and gave the stock an “overweight” rating in a report on Wednesday, September 26th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Cintas has a consensus rating of “Buy” and an average price target of $196.00.

Cintas Profile

Cintas Corporation provides corporate identity uniforms and related business services primarily in North America, Latin America, Europe, and Asia. It operates through Uniform Rental and Facility Services and First Aid and Safety Services 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, and carpet and tile cleaning services, as well as sells uniforms directly.

See Also: Price to Earnings Ratio (PE) Basics

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Institutional Ownership by Quarter for Cintas (NASDAQ:CTAS)

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