Bristol Gate Capital Partners Inc. purchased a new position in Cintas Corp. (NASDAQ:CTAS) during the second quarter, Holdings Channel reports. The fund purchased 282,648 shares of the company’s stock, valued at approximately $27,736,000. Cintas Corp. makes up approximately 5.0% of Bristol Gate Capital Partners Inc.’s portfolio, making the stock its 4th largest position.
Other hedge funds have also recently modified their holdings of the company. Quadrant Capital Group LLC boosted its position 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 valued at $106,000 after buying an additional 9 shares during the period. Checchi Capital Advisers LLC boosted its position in Cintas Corp. by 0.8% in the second quarter. Checchi Capital Advisers LLC now owns 1,376 shares of the company’s stock worth $135,000 after buying an additional 11 shares during the last quarter. S&CO Inc. acquired a new position in Cintas Corp. during the second quarter worth $226,000. National Planning Corp boosted its position in Cintas Corp. by 5.8% in the first quarter. National Planning Corp now owns 2,975 shares of the company’s stock worth $271,000 after buying an additional 164 shares during the last quarter. Finally, HL Financial Services LLC acquired a new position in Cintas Corp. during the second quarter worth $275,000. 66.96% of the stock is owned by institutional investors.
Cintas Corp. (NASDAQ:CTAS) traded up 0.14% during midday trading on Tuesday, hitting $108.40. The stock had a trading volume of 551,078 shares. The firm has a market cap of $11.37 billion, a P/E ratio of 16.30 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 has a 50-day moving average price of $113.59 and a 200 day moving average price of $101.58.
Cintas Corp. (NASDAQ:CTAS) last released its quarterly earnings results on Tuesday, September 27th. The company reported $1.26 earnings per share (EPS) for the quarter, topping the Zacks’ 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 had revenue of $1.29 billion for the quarter. During the same period in the prior year, the business earned $0.93 EPS. The business’s quarterly revenue was up 7.6% compared to the same quarter last year. On average, equities analysts anticipate that Cintas Corp. will post $4.60 earnings per share for the current fiscal year.
A number of equities analysts recently weighed in on CTAS shares. Nomura reaffirmed a “buy” rating and issued a $102.00 price target on shares of Cintas Corp. in a report on Friday, July 15th. Piper Jaffray Cos. reaffirmed a “neutral” rating and issued a $106.00 price target (up previously from $95.00) on shares of Cintas Corp. in a report on Wednesday, July 20th. Barclays PLC reduced 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. Zacks Investment Research raised Cintas Corp. from a “sell” rating to a “hold” rating and set a $120.00 price target for the company in a report on Thursday, July 21st. Finally, Morgan Stanley reaffirmed an “underweight” rating and issued a $80.00 price target (up previously from $75.00) on shares of Cintas Corp. in a report on Wednesday, August 17th. One analyst has rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $117.10.
In related 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 transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 19.10% of the company’s stock.
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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