Cintas Corporation (CTAS) Stake Lowered by Fairview Capital Investment Management LLC

Fairview Capital Investment Management LLC cut its stake in Cintas Corporation (NASDAQ:CTAS) by 9.2% during the first quarter, according to its most recent disclosure with the SEC. The firm owned 63,849 shares of the business services provider’s stock after selling 6,495 shares during the period. Fairview Capital Investment Management LLC’s holdings in Cintas Corporation were worth $8,079,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in CTAS. AQR Capital Management LLC boosted its position in shares of Cintas Corporation by 15.0% in the fourth quarter. AQR Capital Management LLC now owns 1,482,752 shares of the business services provider’s stock valued at $171,347,000 after buying an additional 193,958 shares during the last quarter. FMR LLC boosted its position in shares of Cintas Corporation by 23.1% in the first quarter. FMR LLC now owns 1,417,504 shares of the business services provider’s stock valued at $179,371,000 after buying an additional 265,971 shares during the last quarter. Artisan Partners Limited Partnership boosted its position in shares of Cintas Corporation by 34.4% in the first quarter. Artisan Partners Limited Partnership now owns 1,304,321 shares of the business services provider’s stock valued at $165,049,000 after buying an additional 333,957 shares during the last quarter. Wellington Management Group LLP boosted its position in shares of Cintas Corporation by 15.1% in the first quarter. Wellington Management Group LLP now owns 1,210,321 shares of the business services provider’s stock valued at $153,153,000 after buying an additional 158,871 shares during the last quarter. Finally, Congress Asset Management Co. MA boosted its position in shares of Cintas Corporation by 9.1% in the first quarter. Congress Asset Management Co. MA now owns 601,657 shares of the business services provider’s stock valued at $76,134,000 after buying an additional 50,269 shares during the last quarter. Institutional investors own 69.22% of the company’s stock.

Institutional Ownership by Quarter for Cintas Corporation (NASDAQ:CTAS)

Cintas Corporation (CTAS) traded down 0.66% during mid-day trading on Tuesday, reaching $130.48. 118,103 shares of the company’s stock were exchanged. The company has a market cap of $13.74 billion, a PE ratio of 27.06 and a beta of 0.83. The stock has a 50-day moving average price of $124.12 and a 200 day moving average price of $120.60. Cintas Corporation has a 52-week low of $91.24 and a 52-week high of $131.41.

Cintas Corporation (NASDAQ:CTAS) last announced its quarterly earnings results on Wednesday, March 22nd. The business services provider reported $1.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.04. Cintas Corporation had a return on equity of 24.32% and a net margin of 10.25%. The business had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.28 billion. During the same quarter last year, the firm posted $1.05 EPS. The company’s quarterly revenue was up 5.3% on a year-over-year basis. Equities analysts predict that Cintas Corporation will post $4.51 earnings per share for the current fiscal year.

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Several research analysts have commented on CTAS shares. Zacks Investment Research cut shares of Cintas Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, March 21st. Robert W. Baird restated an “outperform” rating and set a $143.00 price target (up from $135.00) on shares of Cintas Corporation in a report on Thursday, March 23rd. Piper Jaffray Companies raised their price target on shares of Cintas Corporation from $117.00 to $129.00 and gave the stock a “neutral” rating in a report on Thursday, March 23rd. Barclays PLC raised their price target on shares of Cintas Corporation from $130.00 to $145.00 and gave the stock an “overweight” rating in a report on Thursday, March 23rd. Finally, Deutsche Bank AG raised their price target on shares of Cintas Corporation from $120.00 to $125.00 and gave the stock a “hold” rating in a report on Thursday, March 23rd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $129.40.

In other Cintas Corporation news, VP Thomas E. Frooman sold 11,500 shares of the firm’s stock in a transaction on Thursday, March 23rd. The stock was sold at an average price of $127.23, for a total transaction of $1,463,145.00. Following the completion of the sale, the vice president now owns 74,466 shares of the company’s stock, valued at approximately $9,474,309.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO J. Michael Hansen sold 5,477 shares of the firm’s stock in a transaction on Thursday, March 23rd. The shares were sold at an average price of $125.72, for a total value of $688,568.44. Following the sale, the chief financial officer now directly owns 40,974 shares of the company’s stock, valued at approximately $5,151,251.28. The disclosure for this sale can be found here. Insiders have sold a total of 21,007 shares of company stock valued at $2,644,421 in the last ninety days. Insiders own 19.10% of the company’s stock.

Cintas Corporation 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:CTAS”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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