Teachers Insurance & Annuity Association of America acquired a new stake in Cintas Co. (NASDAQ:CTAS) in the 4th quarter, Holdings Channel reports. The fund acquired 4,010 shares of the business services provider’s stock, valued at approximately $624,000.
Other institutional investors and hedge funds have also modified their holdings of the company. Northwestern Mutual Wealth Management Co. grew its position in shares of Cintas by 61.1% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 941 shares of the business services provider’s stock valued at $147,000 after purchasing an additional 357 shares during the period. Novare Capital Management LLC acquired a new position in shares of Cintas in the 4th quarter valued at approximately $206,000. IBM Retirement Fund acquired a new position in shares of Cintas in the 4th quarter valued at approximately $211,000. Bbva Compass Bancshares Inc. acquired a new position in shares of Cintas in the 4th quarter valued at approximately $215,000. Finally, Cambridge Investment Research Advisors Inc. acquired a new position in shares of Cintas in the 3rd quarter valued at approximately $205,000. Institutional investors and hedge funds own 66.58% of the company’s stock.
In other news, insider James Phillip Holloman sold 12,386 shares of the company’s stock in a transaction that occurred on Friday, January 12th. The stock was sold at an average price of $160.92, for a total transaction of $1,993,155.12. Following the sale, the insider now owns 141,328 shares in the company, valued at approximately $22,742,501.76. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 18.90% of the company’s stock.
Shares of Cintas Co. (CTAS) opened at $176.13 on Wednesday. The company has a market capitalization of $18,806.99, a P/E ratio of 35.09, a price-to-earnings-growth ratio of 2.70 and a beta of 0.88. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.77 and a quick ratio of 1.53. Cintas Co. has a 12 month low of $117.85 and a 12 month high of $178.34.
Cintas (NASDAQ:CTAS) last announced its quarterly earnings data on Thursday, December 21st. The business services provider reported $1.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.27 by $0.04. Cintas had a return on equity of 23.23% and a net margin of 9.23%. The company had revenue of $1.61 billion for the quarter, compared to analysts’ expectations of $1.59 billion. During the same quarter in the prior year, the business posted $1.15 EPS. The business’s revenue was up 26.4% compared to the same quarter last year. equities research analysts expect that Cintas Co. will post 5.45 earnings per share for the current fiscal year.
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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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