D Orazio & Associates Inc. Has $389,000 Stock Holdings in Cintas Co. (NASDAQ:CTAS)

D Orazio & Associates Inc. raised its holdings in Cintas Co. (NASDAQ:CTAS) by 3.5% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 556 shares of the business services provider’s stock after acquiring an additional 19 shares during the quarter. D Orazio & Associates Inc.’s holdings in Cintas were worth $389,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Checchi Capital Advisers LLC raised its position in Cintas by 0.9% during the 2nd quarter. Checchi Capital Advisers LLC now owns 1,651 shares of the business services provider’s stock worth $1,156,000 after purchasing an additional 14 shares during the last quarter. Field & Main Bank raised its position in shares of Cintas by 25.0% during the second quarter. Field & Main Bank now owns 75 shares of the business services provider’s stock worth $53,000 after acquiring an additional 15 shares during the last quarter. Drive Wealth Management LLC lifted its stake in shares of Cintas by 3.7% in the second quarter. Drive Wealth Management LLC now owns 448 shares of the business services provider’s stock worth $314,000 after acquiring an additional 16 shares during the period. TIAA Trust National Association boosted its holdings in Cintas by 1.2% in the second quarter. TIAA Trust National Association now owns 1,363 shares of the business services provider’s stock valued at $954,000 after acquiring an additional 16 shares during the last quarter. Finally, Capital CS Group LLC boosted its holdings in Cintas by 1.9% in the second quarter. Capital CS Group LLC now owns 920 shares of the business services provider’s stock valued at $644,000 after acquiring an additional 17 shares during the last quarter. Institutional investors own 63.46% of the company’s stock.

Insider Transactions at Cintas

In related news, Director Gerald S. Adolph sold 4,400 shares of Cintas stock in a transaction on Wednesday, July 24th. The stock was sold at an average price of $191.43, for a total transaction of $842,292.00. Following the sale, the director now directly owns 125,808 shares in the company, valued at $24,083,425.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 15.10% of the company’s stock.

Cintas Trading Up 0.4 %

CTAS opened at $819.83 on Thursday. The firm has a market capitalization of $83.18 billion, a PE ratio of 56.62, a P/E/G ratio of 4.16 and a beta of 1.32. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.74 and a quick ratio of 1.52. Cintas Co. has a fifty-two week low of $474.74 and a fifty-two week high of $820.96. The company’s 50-day moving average is $203.08 and its 200 day moving average is $180.16.

Cintas (NASDAQ:CTAS) last announced its earnings results on Thursday, July 18th. The business services provider reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.95 by $0.05. The company had revenue of $2.47 billion for the quarter, compared to analysts’ expectations of $2.47 billion. Cintas had a return on equity of 37.82% and a net margin of 16.38%. Cintas’s quarterly revenue was up 8.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.83 earnings per share. As a group, research analysts predict that Cintas Co. will post 16.64 earnings per share for the current fiscal year.

Cintas announced that its board has approved a share repurchase program 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 buy up to 1.3% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s management believes its stock is undervalued.

Cintas Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Thursday, August 15th were given a dividend of $0.39 per share. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $1.56 annualized dividend and a dividend yield of 0.19%. Cintas’s dividend payout ratio is currently 43.09%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on CTAS shares. Royal Bank of Canada downgraded shares of Cintas from an “outperform” rating to a “sector perform” rating and set a $181.25 price target on the stock. in a research report on Monday, July 15th. Robert W. Baird reaffirmed a “neutral” rating and set a $193.75 price target (up previously from $187.50) on shares of Cintas in a research report on Friday, July 19th. UBS Group increased their price target on Cintas from $197.50 to $218.50 and gave the stock a “buy” rating in a report on Friday, July 19th. Barclays upped their target price on Cintas from $175.00 to $212.50 and gave the company an “overweight” rating in a research report on Friday, July 19th. Finally, Morgan Stanley lifted their target price on Cintas from $143.75 to $156.25 and gave the stock an “equal weight” rating in a report on Friday, July 19th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, Cintas currently has an average rating of “Hold” and an average target price of $185.59.

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.