IFP Advisors Inc boosted its position in Cintas Co. (NASDAQ:CTAS) by 12.4% during the second quarter, Holdings Channel reports. The fund owned 6,520 shares of the business services provider’s stock after buying an additional 721 shares during the period. IFP Advisors Inc’s holdings in Cintas were worth $822,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Teachers Advisors LLC boosted its position in Cintas by 4.6% in the fourth quarter. Teachers Advisors LLC now owns 98,790 shares of the business services provider’s stock worth $11,416,000 after buying an additional 4,314 shares during the last quarter. Macquarie Group Ltd. boosted its position in Cintas by 99.0% in the fourth quarter. Macquarie Group Ltd. now owns 6,895 shares of the business services provider’s stock worth $796,000 after buying an additional 3,431 shares during the last quarter. Chevy Chase Trust Holdings Inc. boosted its position in Cintas by 2.9% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 74,304 shares of the business services provider’s stock worth $9,402,000 after buying an additional 2,107 shares during the last quarter. Charter Trust Co. purchased a new position in Cintas during the first quarter worth approximately $262,000. Finally, Gulf International Bank UK Ltd boosted its position in Cintas by 1.2% in the first quarter. Gulf International Bank UK Ltd now owns 27,367 shares of the business services provider’s stock worth $3,463,000 after buying an additional 330 shares during the last quarter. 68.58% of the stock is currently owned by institutional investors and hedge funds.
Cintas Co. (NASDAQ:CTAS) opened at 133.30 on Thursday. The company has a market cap of $14.05 billion, a price-to-earnings ratio of 30.39 and a beta of 0.84. The stock’s 50 day moving average is $130.22 and its 200 day moving average is $123.88. Cintas Co. has a 52-week low of $102.07 and a 52-week high of $139.74.
Cintas (NASDAQ:CTAS) last issued its quarterly earnings data on Thursday, July 20th. The business services provider reported $0.75 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.05 by $0.30. The company had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.53 billion. Cintas had a net margin of 5.31% and a return on equity of 13.63%. The firm’s revenue was up 23.1% compared to the same quarter last year. During the same period in the previous year, the business posted $1.08 earnings per share. On average, analysts predict that Cintas Co. will post $5.23 earnings per share for the current fiscal year.
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CTAS has been the topic of a number of recent research reports. Zacks Investment Research raised shares of Cintas from a “hold” rating to a “buy” rating and set a $142.00 target price on the stock in a research report on Friday, June 2nd. Instinet cut shares of Cintas from a “buy” rating to a “neutral” rating and cut their price target for the company from $142.00 to $130.00 in a report on Tuesday, June 27th. Nomura cut shares of Cintas from a “buy” rating to a “neutral” rating in a report on Wednesday, June 28th. Stifel Nicolaus upped their price target on shares of Cintas from $123.00 to $136.00 and gave the company a “hold” rating in a report on Friday, July 21st. Finally, Deutsche Bank AG set a $130.00 price target on shares of Cintas and gave the company a “hold” rating in a report on Friday, July 21st. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $133.42.
Cintas 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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