Redwood Investments LLC increased its position in shares of Cintas Corp. (NASDAQ:CTAS) by 3.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 171,406 shares of the company’s stock after buying an additional 5,629 shares during the period. Cintas Corp. accounts for approximately 1.5% of Redwood Investments LLC’s holdings, making the stock its 26th largest position. Redwood Investments LLC’s holdings in Cintas Corp. were worth $16,820,000 at the end of the most recent reporting period.
A number of other large investors also recently bought and sold shares of the stock. Massmutual Trust Co. FSB ADV raised its stake in Cintas Corp. by 18.8% in the first quarter. Massmutual Trust Co. FSB ADV now owns 9,388 shares of the company’s stock worth $843,000 after buying an additional 1,488 shares in the last quarter. Bristlecone Advisors LLC raised its stake in Cintas Corp. by 5.9% in the first quarter. Bristlecone Advisors LLC now owns 12,320 shares of the company’s stock worth $1,106,000 after buying an additional 690 shares in the last quarter. BlackRock Japan Co. Ltd raised its stake in Cintas Corp. by 39.7% in the first quarter. BlackRock Japan Co. Ltd now owns 179,775 shares of the company’s stock worth $16,146,000 after buying an additional 51,117 shares in the last quarter. BlackRock Institutional Trust Company N.A. raised its stake in 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 worth $262,821,000 after buying an additional 480,916 shares in the last quarter. Finally, BlackRock Group LTD raised its stake 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 in the last quarter. 65.78% of the stock is currently owned by institutional investors.
Shares of Cintas Corp. (NASDAQ:CTAS) traded down 0.16% on Monday, hitting $112.42. The company’s stock had a trading volume of 785,451 shares. Cintas Corp. has a 1-year low of $80.00 and a 1-year high of $119.94. The firm has a market cap of $11.79 billion, a PE ratio of 16.90 and a beta of 0.76. The company has a 50 day moving average of $114.51 and a 200 day moving average of $99.85.
Cintas Corp. (NASDAQ:CTAS) last issued its earnings results on Tuesday, September 27th. The company reported $1.26 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.08 by $0.18. Cintas Corp. had a return on equity of 24.60% and a net margin of 14.63%. The company earned $1.29 billion during the quarter. During the same period in the previous year, the company earned $0.93 EPS. Cintas Corp.’s quarterly revenue was up 7.6% on a year-over-year basis. Equities analysts forecast that Cintas Corp. will post $4.58 EPS for the current year.
Several brokerages have recently weighed in on CTAS. Nomura reissued a “buy” rating on shares of Cintas Corp. in a research report on Sunday, July 17th. KeyCorp raised their target price on Cintas Corp. from $130.00 to $135.00 and gave the stock an “overweight” rating in a research report on Monday. Piper Jaffray Cos. reissued a “neutral” rating and set a $106.00 target price (up previously from $95.00) on shares of Cintas Corp. in a research report on Wednesday, July 20th. Robert W. Baird raised Cintas Corp. from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $111.00 to $140.00 in a research report on Wednesday, August 17th. Finally, Zacks Investment Research lowered Cintas Corp. from a “hold” rating to a “sell” rating in a research report on Wednesday, June 15th. One analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $116.60.
In other news, Director Gerald S. Adolph sold 2,000 shares of the company’s stock in a transaction dated Monday, July 25th. The stock was sold at an average price of $108.12, for a total value of $216,240.00. Following the completion of the sale, the director now owns 11,590 shares of the company’s stock, valued at $1,253,110.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 19.10% of the stock is owned by insiders.
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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