Candriam Luxembourg S.C.A. boosted its stake in shares of Cintas Corp. (NASDAQ:CTAS) by 92.9% during the second quarter, Holdings Channel reports. The fund owned 9,605 shares of the company’s stock after buying an additional 4,627 shares during the period. Candriam Luxembourg S.C.A.’s holdings in Cintas Corp. were worth $943,000 at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of CTAS. Aperio Group LLC increased its stake in Cintas Corp. by 12.6% in the first quarter. Aperio Group LLC now owns 28,185 shares of the company’s stock valued at $2,531,000 after buying an additional 3,152 shares during the last quarter. IFP Advisors Inc increased its stake in Cintas Corp. by 36.1% in the first quarter. IFP Advisors Inc now owns 2,588 shares of the company’s stock valued at $232,000 after buying an additional 687 shares during the last quarter. TIAA CREF Investment Management LLC increased its stake in Cintas Corp. by 0.7% in the first quarter. TIAA CREF Investment Management LLC now owns 457,069 shares of the company’s stock valued at $41,049,000 after buying an additional 2,960 shares during the last quarter. Teachers Advisors Inc. increased its stake in Cintas Corp. by 1.6% in the first quarter. Teachers Advisors Inc. now owns 87,918 shares of the company’s stock valued at $7,896,000 after buying an additional 1,411 shares during the last quarter. Finally, Prudential Financial Inc. increased its stake in Cintas Corp. by 5.2% in the first quarter. Prudential Financial Inc. now owns 123,605 shares of the company’s stock valued at $11,101,000 after buying an additional 6,110 shares during the last quarter. Institutional investors and hedge funds own 65.78% of the company’s stock.
Cintas Corp. (NASDAQ:CTAS) traded down 1.16% during trading on Friday, reaching $110.46. The company had a trading volume of 611,518 shares. The stock has a market capitalization of $11.59 billion, a price-to-earnings ratio of 16.61 and a beta of 0.76. The firm has a 50-day moving average of $114.50 and a 200-day moving average of $100.61. Cintas Corp. has a 1-year low of $80.00 and a 1-year high of $119.94.
Cintas Corp. (NASDAQ:CTAS) last issued its quarterly earnings data on Tuesday, September 27th. The company reported $1.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.08 by $0.18. The company had revenue of $1.29 billion for the quarter. Cintas Corp. had a return on equity of 24.60% and a net margin of 14.63%. The business’s revenue for the quarter was up 7.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.93 EPS. On average, analysts anticipate that Cintas Corp. will post $4.60 EPS for the current fiscal year.
Several equities analysts have recently issued reports on CTAS shares. Zacks Investment Research cut Cintas Corp. from a “hold” rating to a “sell” rating in a report on Wednesday, June 15th. Nomura reissued a “buy” rating and issued a $102.00 price objective on shares of Cintas Corp. in a report on Friday, July 15th. Piper Jaffray Cos. reissued a “neutral” rating and issued a $106.00 price objective (up previously from $95.00) on shares of Cintas Corp. in a report on Wednesday, July 20th. Barclays PLC decreased their price objective 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. Finally, Morgan Stanley reissued an “underweight” rating and issued a $80.00 price objective (up previously from $75.00) on shares of Cintas Corp. in a report on Wednesday, August 17th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $117.10.
In other Cintas Corp. 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 transaction, the director now owns 11,590 shares of the company’s stock, valued at $1,253,110.80. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company 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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