Dimensional Fund Advisors LP increased its stake in shares of Cintas Corp. (NASDAQ:CTAS) by 3.7% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 405,167 shares of the company’s stock after buying an additional 14,479 shares during the period. Dimensional Fund Advisors LP owned about 0.39% of Cintas Corp. worth $39,752,000 at the end of the most recent quarter.
Several other institutional investors also recently bought and sold shares of CTAS. Quadrant Capital Group LLC raised its stake in Cintas Corp. by 0.8% in the second quarter. Quadrant Capital Group LLC now owns 1,129 shares of the company’s stock valued at $106,000 after buying an additional 9 shares during the last quarter. First Personal Financial Services raised its stake in Cintas Corp. by 38.1% in the second quarter. First Personal Financial Services now owns 1,105 shares of the company’s stock valued at $108,000 after buying an additional 305 shares during the last quarter. Checchi Capital Advisers LLC raised its stake in Cintas Corp. by 0.8% in the second quarter. Checchi Capital Advisers LLC now owns 1,376 shares of the company’s stock valued at $135,000 after buying an additional 11 shares during the last quarter. Glenmede Trust Co. NA raised its stake in Cintas Corp. by 52.2% in the second quarter. Glenmede Trust Co. NA now owns 1,542 shares of the company’s stock valued at $150,000 after buying an additional 529 shares during the last quarter. Finally, Scott & Selber Inc. acquired a new stake in Cintas Corp. during the second quarter valued at about $211,000. Institutional investors and hedge funds own 66.96% of the company’s stock.
Cintas Corp. (NASDAQ:CTAS) opened at 109.25 on Monday. The firm has a market cap of $11.46 billion, a price-to-earnings ratio of 16.42 and a beta of 0.76. Cintas Corp. has a 52-week low of $80.00 and a 52-week high of $119.94. The firm’s 50-day moving average is $113.81 and its 200-day moving average is $101.29.
Cintas Corp. (NASDAQ:CTAS) last posted 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. The company had revenue of $1.29 billion for the quarter. Cintas Corp. had a net margin of 14.63% and a return on equity of 24.60%. The company’s revenue for the quarter was up 7.6% on a year-over-year basis. During the same quarter last year, the business posted $0.93 earnings per share. Analysts forecast that Cintas Corp. will post $4.60 EPS for the current fiscal year.
Several equities research analysts recently issued reports on the stock. Nomura reaffirmed a “buy” rating on shares of Cintas Corp. in a research note on Sunday, July 17th. Barclays PLC reduced their price objective on shares of Cintas Corp. from $105.00 to $95.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 20th. Zacks Investment Research lowered shares of Cintas Corp. from a “buy” rating to a “hold” rating in a research note on Thursday, August 4th. KeyCorp lifted their price objective on shares of Cintas Corp. from $110.00 to $130.00 and gave the company an “overweight” rating in a research note on Wednesday, August 17th. Finally, Morgan Stanley reaffirmed an “underweight” rating and issued a $80.00 price objective (up previously from $75.00) on shares of Cintas Corp. in a research note on Wednesday, August 17th. One research 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’s stock. Cintas Corp. currently has a consensus rating of “Hold” and a consensus price target of $117.10.
In other news, Director Gerald S. Adolph sold 2,000 shares of the stock in a transaction on Monday, July 25th. The shares were 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 owns 11,590 shares of the company’s stock, valued at $1,253,110.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 19.10% of the stock is currently owned by company 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.
Receive News & Ratings for Cintas Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cintas Corp. and related companies with MarketBeat.com's FREE daily email newsletter.