AIMZ Investment Advisors LLC reduced its holdings in Cintas Corporation (NASDAQ:CTAS) by 0.9% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 13,475 shares of the business services provider’s stock after selling 125 shares during the quarter. Cintas Corporation comprises 1.4% of AIMZ Investment Advisors LLC’s investment portfolio, making the stock its 23rd largest position. AIMZ Investment Advisors LLC’s holdings in Cintas Corporation were worth $1,698,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. Mitsubishi UFJ Trust & Banking Corp grew its position in shares of Cintas Corporation by 35.3% in the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 266,155 shares of the business services provider’s stock worth $33,546,000 after buying an additional 69,483 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its position in shares of Cintas Corporation by 3.6% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 270,485 shares of the business services provider’s stock worth $34,092,000 after buying an additional 9,351 shares during the last quarter. Fifth Third Bancorp grew its position in shares of Cintas Corporation by 27.5% in the 1st quarter. Fifth Third Bancorp now owns 81,484 shares of the business services provider’s stock worth $10,311,000 after buying an additional 17,567 shares during the last quarter. Banque Pictet & Cie SA bought a new stake in shares of Cintas Corporation in the 2nd quarter worth approximately $8,073,000. Finally, Caldera Capital LLC grew its position in shares of Cintas Corporation by 32.5% in the 2nd quarter. Caldera Capital LLC now owns 8,149 shares of the business services provider’s stock worth $1,027,000 after buying an additional 1,999 shares during the last quarter. Hedge funds and other institutional investors own 64.77% of the company’s stock.
In other Cintas Corporation news, Director Gerald S. Adolph sold 2,000 shares of the stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $133.69, for a total transaction of $267,380.00. Following the sale, the director now owns 13,135 shares of the company’s stock, valued at approximately $1,756,018.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO J. Michael Hansen sold 800 shares of the stock in a transaction on Friday, August 11th. The shares were sold at an average price of $130.75, for a total value of $104,600.00. Following the sale, the chief financial officer now directly owns 54,370 shares in the company, valued at approximately $7,108,877.50. The disclosure for this sale can be found here. 18.90% of the stock is currently owned by company insiders.
Several equities research analysts recently weighed in on the company. Zacks Investment Research upgraded Cintas Corporation from a “hold” rating to a “buy” rating and set a $141.00 price target on the stock in a research report on Monday, July 10th. Robert W. Baird set a $152.00 price target on Cintas Corporation and gave the company a “buy” rating in a research report on Thursday, August 24th. Royal Bank Of Canada restated a “hold” rating and set a $130.00 price target on shares of Cintas Corporation in a research report on Friday, July 21st. Deutsche Bank AG set a $130.00 price target on Cintas Corporation and gave the company a “hold” rating in a research report on Friday, July 21st. Finally, Barclays PLC lifted their price target on Cintas Corporation from $150.00 to $160.00 and gave the company an “overweight” rating in a research report on Wednesday, September 27th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the company’s stock. Cintas Corporation has a consensus rating of “Hold” and an average price target of $143.00.
Cintas Corporation (NASDAQ CTAS) traded down 0.09% during midday trading on Wednesday, hitting $150.10. The company had a trading volume of 123,515 shares. The stock has a 50 day moving average price of $138.12 and a 200 day moving average price of $129.71. The company has a market capitalization of $15.96 billion, a P/E ratio of 34.27 and a beta of 0.86. Cintas Corporation has a 52 week low of $102.07 and a 52 week high of $150.43.
Cintas Corporation (NASDAQ:CTAS) last announced its earnings results on Tuesday, September 26th. The business services provider reported $1.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.30 by $0.18. The business had revenue of $1.61 billion for the quarter, compared to analysts’ expectations of $1.57 billion. Cintas Corporation had a return on equity of 23.71% and a net margin of 9.79%. The business’s revenue for the quarter was up 27.2% on a year-over-year basis. During the same quarter last year, the firm earned $1.26 EPS. Equities analysts forecast that Cintas Corporation will post $5.36 earnings per share for the current fiscal year.
Cintas Corporation Profile
Cintas Corporation is a provider of corporate identity uniforms through rental and sales programs, as well as a provider of related business services, including entrance mats, restroom cleaning services and supplies, carpet and tile cleaning services, first aid and safety services and fire protection products and services.
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