Orgel Wealth Management LLC Purchases 1,500 Shares of Cintas Co. (NASDAQ:CTAS)

Orgel Wealth Management LLC raised its position in shares of Cintas Co. (NASDAQ:CTAS) by 300.0% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,000 shares of the business services provider’s stock after acquiring an additional 1,500 shares during the quarter. Orgel Wealth Management LLC’s holdings in Cintas were worth $412,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in CTAS. B. Riley Wealth Advisors Inc. lifted its holdings in shares of Cintas by 12.6% during the fourth quarter. B. Riley Wealth Advisors Inc. now owns 520 shares of the business services provider’s stock valued at $313,000 after purchasing an additional 58 shares during the last quarter. HighPoint Advisor Group LLC purchased a new position in shares of Cintas during the fourth quarter valued at approximately $343,000. Nomura Holdings Inc. lifted its holdings in shares of Cintas by 26.4% during the fourth quarter. Nomura Holdings Inc. now owns 1,734 shares of the business services provider’s stock valued at $1,045,000 after purchasing an additional 362 shares during the last quarter. Rise Advisors LLC purchased a new position in Cintas in the 1st quarter worth approximately $30,000. Finally, RFG Advisory LLC purchased a new position in Cintas in the 1st quarter worth approximately $228,000. 63.46% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Gerald S. Adolph sold 4,400 shares of the company’s stock in a transaction on Wednesday, July 24th. The shares were sold at an average price of $191.43, for a total value of $842,292.00. Following the completion of the transaction, the director now owns 125,808 shares of the company’s stock, valued at approximately $24,083,425.44. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 15.10% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. UBS Group boosted their price objective on shares of Cintas from $219.00 to $240.00 and gave the stock a “buy” rating in a report on Thursday, September 26th. Baird R W lowered shares of Cintas from a “strong-buy” rating to a “hold” rating in a report on Friday, July 19th. 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 report on Thursday, September 26th. Robert W. Baird boosted their price objective on shares of Cintas from $194.00 to $209.00 and gave the stock a “neutral” rating in a report on Thursday, September 26th. Finally, Stifel Nicolaus boosted their price objective on shares of Cintas from $166.75 to $199.50 and gave the stock a “hold” rating in a report on Friday, July 19th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, Cintas presently has an average rating of “Hold” and a consensus target price of $199.63.

Cintas Trading Up 0.1 %

Shares of CTAS stock opened at $214.02 on Friday. Cintas Co. has a 1 year low of $123.65 and a 1 year high of $215.37. The firm has a fifty day moving average price of $214.61 and a 200-day moving average price of $188.85. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.53 and a quick ratio of 1.33. The company has a market cap of $21.72 billion, a price-to-earnings ratio of 14.78, a PEG ratio of 4.12 and a beta of 1.32.

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, topping the consensus estimate of $1.00 by $0.10. The company had revenue of $2.50 billion during the quarter, compared to the consensus estimate of $2.49 billion. Cintas had a net margin of 16.80% and a return on equity of 39.56%. Cintas’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.70 EPS. As a group, equities analysts predict that Cintas Co. will post 4.23 earnings per share for the current year.

Cintas declared that its board has approved a stock repurchase plan on Tuesday, July 23rd that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the business services provider to reacquire up to 1.3% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s leadership believes its shares are undervalued.

Cintas Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Thursday, August 15th were issued a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 0.73%. The ex-dividend date of this dividend was Thursday, August 15th. Cintas’s dividend payout ratio is currently 10.77%.

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.