Nationwide Fund Advisors reduced its position in Cintas Corp. (NASDAQ:CTAS) by 58.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,402 shares of the company’s stock after selling 34,784 shares during the period. Nationwide Fund Advisors’ holdings in Cintas Corp. were worth $2,395,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of CTAS. Zebra Capital Management LLC acquired a new stake in shares of Cintas Corp. during the first quarter worth about $1,036,000. BB&T Securities LLC increased its stake in shares of Cintas Corp. by 4.0% in the first quarter. BB&T Securities LLC now owns 3,836 shares of the company’s stock worth $344,000 after buying an additional 149 shares during the period. Credit Agricole S A increased its stake in shares of Cintas Corp. by 27.5% in the first quarter. Credit Agricole S A now owns 215,096 shares of the company’s stock worth $19,318,000 after buying an additional 46,454 shares during the period. M&T Bank Corp increased its stake in shares of Cintas Corp. by 175.4% in the first quarter. M&T Bank Corp now owns 18,359 shares of the company’s stock worth $1,649,000 after buying an additional 11,693 shares during the period. Finally, NN Investment Partners Holdings N.V. acquired a new stake in shares of Cintas Corp. during the first quarter worth about $2,629,000. 67.01% of the stock is owned by hedge funds and other institutional investors.
Cintas Corp. (NASDAQ:CTAS) traded down 0.5114% on Tuesday, hitting $110.2135. The stock had a trading volume of 28,310 shares. The company’s 50 day moving average price is $114.42 and its 200 day moving average price is $100.96. Cintas Corp. has a 52-week low of $80.00 and a 52-week high of $119.94. The firm has a market cap of $11.56 billion, a price-to-earnings ratio of 16.5685 and a beta of 0.76.
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 consensus estimate of $1.08 by $0.18. The company earned $1.29 billion during the quarter. Cintas Corp. had a net margin of 14.63% and a return on equity of 24.60%. The company’s quarterly revenue was up 7.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.93 EPS. Analysts expect that Cintas Corp. will post $4.60 EPS for the current year.
A number of equities research analysts recently issued reports on CTAS shares. Barclays PLC reiterated an “overweight” rating and issued a $130.00 price objective on shares of Cintas Corp. in a research report on Friday, September 30th. KeyCorp increased their price objective on Cintas Corp. from $130.00 to $135.00 and gave the stock an “overweight” rating in a research report on Monday, October 3rd. Zacks Investment Research downgraded Cintas Corp. from a “hold” rating to a “sell” rating in a research report on Tuesday, September 20th. Morgan Stanley set a $87.00 price objective on Cintas Corp. and gave the stock a “sell” rating in a research report on Wednesday, September 28th. Finally, Macquarie started coverage on Cintas Corp. in a research report on Thursday, August 25th. They issued a “neutral” rating and a $130.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $117.10.
In related news, Director Gerald S. Adolph sold 2,000 shares of the company’s stock in a transaction on Monday, July 25th. The shares were sold at an average price of $108.12, for a total value of $216,240.00. Following the completion of the transaction, the director now owns 11,590 shares of the company’s stock, valued at approximately $1,253,110.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 19.10% of the stock is currently owned by corporate 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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