Vantage Financial Partners LLC Cuts Stock Holdings in Cintas Corporation (NASDAQ:CTAS)

Vantage Financial Partners LLC decreased its holdings in shares of Cintas Corporation (NASDAQ:CTAS) by 15.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,529 shares of the business services provider’s stock after selling 1,036 shares during the quarter. Vantage Financial Partners LLC’s holdings in Cintas were worth $1,136,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Crestwood Advisors Group LLC purchased a new position in shares of Cintas during the first quarter worth about $270,000. Ameriprise Financial Inc. grew its holdings in shares of Cintas by 26.7% during the fourth quarter. Ameriprise Financial Inc. now owns 2,228,609 shares of the business services provider’s stock worth $407,163,000 after purchasing an additional 468,950 shares in the last quarter. Alpine Global Management LLC bought a new stake in Cintas in the 4th quarter worth approximately $284,000. Treasurer of the State of North Carolina boosted its stake in Cintas by 12.3% in the fourth quarter. Treasurer of the State of North Carolina now owns 170,182 shares of the business services provider’s stock worth $31,092,000 after buying an additional 18,620 shares in the last quarter. Finally, Pinnacle Financial Partners Inc boosted its stake in Cintas by 3.8% in the first quarter. Pinnacle Financial Partners Inc now owns 60,099 shares of the business services provider’s stock worth $12,327,000 after buying an additional 2,191 shares in the last quarter. Hedge funds and other institutional investors own 63.46% of the company’s stock.

Cintas Stock Performance

Shares of CTAS stock opened at $223.56 on Monday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.82 and a current ratio of 2.09. Cintas Corporation has a fifty-two week low of $180.78 and a fifty-two week high of $229.24. The stock has a 50 day moving average price of $221.44 and a two-hundred day moving average price of $209.54. The company has a market capitalization of $90.27 billion, a P/E ratio of 50.69, a PEG ratio of 3.51 and a beta of 1.05.

Cintas (NASDAQ:CTAS) last announced its quarterly earnings data on Thursday, July 17th. The business services provider reported $1.09 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.02. Cintas had a return on equity of 41.21% and a net margin of 17.53%. The firm had revenue of $2.67 billion during the quarter, compared to the consensus estimate of $2.63 billion. During the same quarter in the previous year, the company posted $3.99 earnings per share. The business’s revenue was up 8.0% on a year-over-year basis. Analysts expect that Cintas Corporation will post 4.31 earnings per share for the current year.

Analyst Ratings Changes

CTAS has been the subject of several research reports. Morgan Stanley upped their target price on Cintas from $213.00 to $220.00 and gave the stock an “equal weight” rating in a research note on Friday, July 18th. Wells Fargo & Company raised Cintas from an “underweight” rating to an “equal weight” rating and upped their target price for the stock from $196.00 to $221.00 in a research note on Tuesday, July 1st. Robert W. Baird upped their target price on Cintas from $227.00 to $230.00 and gave the stock a “neutral” rating in a research note on Friday, July 18th. UBS Group upped their target price on Cintas from $240.00 to $255.00 and gave the stock a “buy” rating in a research note on Friday, July 18th. Finally, Bank of America initiated coverage on Cintas in a research note on Thursday, April 10th. They issued a “buy” rating and a $250.00 target price for the company. Two analysts have rated the stock with a sell rating, five have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $224.54.

Insiders Place Their Bets

In other Cintas news, Director Martin Mucci bought 1,200 shares of the firm’s stock in a transaction that occurred on Monday, July 21st. The stock was bought at an average price of $222.55 per share, for a total transaction of $267,060.00. Following the completion of the acquisition, the director directly owned 2,621 shares in the company, valued at $583,303.55. The trade was a 84.45% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 15.00% of the company’s stock.

Cintas 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.