Victory Capital Management Inc. boosted its stake in Cintas Corp. (NASDAQ:CTAS) by 3.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,367 shares of the company’s stock after buying an additional 212 shares during the period. Victory Capital Management Inc.’s holdings in Cintas Corp. were worth $723,000 as of its most recent SEC filing.
Several other hedge funds have also recently bought and sold shares of the company. Chevy Chase Trust Holdings Inc. raised its stake in shares of Cintas Corp. by 4.3% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 73,958 shares of the company’s stock worth $6,643,000 after buying an additional 3,081 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its stake in shares of Cintas Corp. by 11.8% in the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 21,274 shares of the company’s stock worth $1,911,000 after buying an additional 2,246 shares in the last quarter. Exxonmobil Investment Management Inc. TX raised its stake in shares of Cintas Corp. by 8.8% in the first quarter. Exxonmobil Investment Management Inc. TX now owns 21,325 shares of the company’s stock worth $1,915,000 after buying an additional 1,724 shares in the last quarter. Aperio Group LLC raised its stake in shares of Cintas Corp. by 12.6% in the first quarter. Aperio Group LLC now owns 28,185 shares of the company’s stock worth $2,531,000 after buying an additional 3,152 shares in the last quarter. Finally, Virginia Retirement System bought a new stake in shares of Cintas Corp. during the first quarter worth $6,061,000. 65.78% of the stock is owned by institutional investors.
Shares of Cintas Corp. (NASDAQ:CTAS) traded up 0.2308% during trading on Tuesday, hitting $113.4512. 263,868 shares of the stock were exchanged. The stock has a market cap of $11.82 billion, a P/E ratio of 18.1755 and a beta of 0.85. Cintas Corp. has a 52 week low of $80.00 and a 52 week high of $119.94. The firm’s 50 day moving average price is $113.79 and its 200-day moving average price is $99.30.
Cintas Corp. (NASDAQ:CTAS) last released its quarterly earnings results on Tuesday, July 19th. The company reported $1.08 earnings per share for the quarter, beating analysts’ consensus estimates of $1.00 by $0.08. Cintas Corp. had a net margin of 14.14% and a return on equity of 24.16%. The company had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.25 billion. During the same period last year, the firm earned $0.86 earnings per share. On average, analysts predict that Cintas Corp. will post $4.42 EPS for the current year.
CTAS has been the subject of a number of research reports. Zacks Investment Research lowered shares of Cintas Corp. from a “hold” rating to a “sell” rating in a report on Tuesday, September 20th. Macquarie initiated coverage on shares of Cintas Corp. in a report on Thursday, August 25th. They issued a “neutral” rating and a $130.00 price target for the company. Robert W. Baird raised shares of Cintas Corp. from a “neutral” rating to an “outperform” rating and raised their price target for the company from $111.00 to $140.00 in a report on Wednesday, August 17th. Piper Jaffray Cos. reissued a “neutral” rating and issued a $106.00 price target (up previously from $95.00) on shares of Cintas Corp. in a report on Wednesday, July 20th. Finally, Barclays PLC raised shares of Cintas Corp. from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $110.00 to $130.00 in a report on Wednesday, August 17th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company. Cintas Corp. has an average rating of “Hold” and a consensus price target of $115.40.
In related news, Director Gerald S. Adolph sold 2,000 shares of the firm’s stock in a transaction dated Monday, July 25th. The shares were sold at an average price of $108.12, for a total transaction of $216,240.00. Following the completion of the sale, the director now owns 11,590 shares in the company, valued at $1,253,110.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 19.10% of the company’s stock.
Cintas Corp. Company 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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