Tokio Marine Asset Management Co. Ltd. continued to hold its stake in Cintas Corp. (NASDAQ:CTAS) during the second quarter, Holdings Channel reports. The fund owned 61,880 shares of the company’s stock at the end of the second quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Cintas Corp. were worth $6,072,000 at the end of the most recent quarter.
Other large investors also recently added to or reduced their stakes in the company. BlackRock Institutional Trust Company N.A. boosted its stake in shares of Cintas Corp. by 19.7% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 2,926,414 shares of the company’s stock valued at $262,821,000 after buying an additional 480,916 shares in the last quarter. Wellington Management Group LLP purchased a new position in Cintas Corp. during the first quarter worth $35,390,000. AXA boosted its position in Cintas Corp. by 214.6% in the first quarter. AXA now owns 402,920 shares of the company’s stock worth $36,186,000 after buying an additional 274,850 shares during the period. First Republic Investment Management Inc. boosted its position in Cintas Corp. by 158.5% in the first quarter. First Republic Investment Management Inc. now owns 326,334 shares of the company’s stock worth $29,307,000 after buying an additional 200,096 shares during the period. Finally, BlackRock Group LTD boosted its position in Cintas Corp. by 17.2% in the first quarter. BlackRock Group LTD now owns 925,137 shares of the company’s stock worth $83,086,000 after buying an additional 136,073 shares during the period. Hedge funds and other institutional investors own 65.78% of the company’s stock.
Cintas Corp. (NASDAQ:CTAS) traded down 4.14% during mid-day trading on Thursday, reaching $111.36. 1,511,236 shares of the company were exchanged. Cintas Corp. has a 1-year low of $80.00 and a 1-year high of $119.94. The stock has a market capitalization of $11.60 billion, a price-to-earnings ratio of 17.84 and a beta of 0.85. The stock’s 50-day moving average price is $114.25 and its 200-day moving average price is $99.60.
Cintas Corp. (NASDAQ:CTAS) last issued its earnings results on Tuesday, September 27th. The company reported $1.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.08 by $0.18. Cintas Corp. had a return on equity of 24.86% and a net margin of 14.63%. The business earned $1.29 billion during the quarter. During the same period last year, the business earned $0.93 earnings per share. The firm’s revenue was up 7.6% compared to the same quarter last year. On average, equities research analysts anticipate that Cintas Corp. will post $4.56 EPS for the current fiscal year.
CTAS has been the topic of a number of analyst reports. Nomura reiterated a “buy” rating and set a $135.00 price objective (up previously from $124.00) on shares of Cintas Corp. in a research report on Thursday, August 25th. Barclays PLC cut their price objective on shares of Cintas Corp. from $105.00 to $95.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 20th. Zacks Investment Research upgraded shares of Cintas Corp. from a “sell” rating to a “hold” rating in a research report on Tuesday. Morgan Stanley reiterated an “underweight” rating and set a $80.00 price objective (up previously from $75.00) on shares of Cintas Corp. in a research report on Wednesday, August 17th. Finally, Macquarie initiated coverage on shares of Cintas Corp. in a research report on Thursday, August 25th. They set a “neutral” rating and a $130.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company’s stock. Cintas Corp. has a consensus rating of “Hold” and a consensus price target of $116.10.
In related news, Director Gerald S. Adolph sold 2,000 shares of the firm’s stock in a transaction dated Monday, July 25th. The stock was 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 directly owns 11,590 shares of the company’s stock, valued at approximately $1,253,110.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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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