Morgan Dempsey Capital Management LLC maintained its position in Cintas Corp. (NASDAQ:CTAS) during the second quarter, Holdings Channel reports. The fund owned 1,165 shares of the company’s stock at the end of the second quarter. Morgan Dempsey Capital Management LLC’s holdings in Cintas Corp. were worth $114,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Quadrant Capital Group LLC increased its stake in shares of Cintas Corp. by 0.8% in the second quarter. Quadrant Capital Group LLC now owns 1,129 shares of the company’s stock worth $106,000 after buying an additional 9 shares during the period. Huntington National Bank increased its stake in shares of Cintas Corp. by 35.3% in the second quarter. Huntington National Bank now owns 4,330 shares of the company’s stock worth $425,000 after buying an additional 1,130 shares during the period. Redwood Investments LLC increased its stake in shares of Cintas Corp. by 3.4% in the second quarter. Redwood Investments LLC now owns 171,406 shares of the company’s stock worth $16,820,000 after buying an additional 5,629 shares during the period. ING Groep NV acquired a new stake in shares of Cintas Corp. during the second quarter worth about $299,000. Finally, Speece Thorson Capital Group Inc. increased its stake in shares of Cintas Corp. by 1.3% in the second quarter. Speece Thorson Capital Group Inc. now owns 56,082 shares of the company’s stock worth $5,503,000 after buying an additional 744 shares during the period. 65.78% of the stock is owned by hedge funds and other institutional investors.
Cintas Corp. (NASDAQ:CTAS) traded down 1.16% during mid-day trading on Friday, reaching $110.46. The company’s stock had a trading volume of 611,496 shares. The firm has a market capitalization of $11.59 billion, a PE ratio of 16.61 and a beta of 0.76. Cintas Corp. has a 12 month low of $80.00 and a 12 month high of $119.94. The stock’s 50-day moving average is $114.60 and its 200-day moving average is $100.47.
Cintas Corp. (NASDAQ:CTAS) last announced its quarterly earnings results on Tuesday, September 27th. The company reported $1.26 earnings per share (EPS) for the quarter, beating the 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 firm earned $1.29 billion during the quarter. During the same quarter in the prior year, the company posted $0.93 earnings per share. The firm’s revenue for the quarter was up 7.6% on a year-over-year basis. On average, equities analysts anticipate that Cintas Corp. will post $4.60 EPS for the current year.
CTAS has been the subject of a number of recent analyst reports. Nomura reaffirmed a “buy” rating and set a $124.00 price target (up from $107.00) on shares of Cintas Corp. in a report on Wednesday, August 17th. Zacks Investment Research raised Cintas Corp. from a “hold” rating to a “buy” rating and set a $125.00 price target for the company in a report on Wednesday. Barclays PLC decreased their price target on Cintas Corp. from $105.00 to $95.00 and set an “equal weight” rating for the company in a report on Wednesday, July 20th. Oppenheimer Holdings Inc. reaffirmed a “market perform” rating on shares of Cintas Corp. in a report on Wednesday, September 28th. Finally, Piper Jaffray Cos. reaffirmed a “neutral” rating and set a $106.00 price target (up from $95.00) on shares of Cintas Corp. in a report on Wednesday, July 20th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $117.10.
In related news, Director Gerald S. Adolph sold 2,000 shares of the stock in a transaction on 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 directly owns 11,590 shares in the company, valued at approximately $1,253,110.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 19.10% of the stock is owned by corporate insiders.
About Cintas Corp.
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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