Cintas Corporation (CTAS) Shares Bought by Asset Advisors Corp

Asset Advisors Corp raised its stake in Cintas Corporation (NASDAQ:CTAS) by 3.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 39,340 shares of the business services provider’s stock after buying an additional 1,150 shares during the period. Asset Advisors Corp’s holdings in Cintas Corporation were worth $4,958,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Rehmann Capital Advisory Group raised its position in Cintas Corporation by 0.6% in the second quarter. Rehmann Capital Advisory Group now owns 1,674 shares of the business services provider’s stock valued at $211,000 after buying an additional 10 shares during the period. Bronfman E.L. Rothschild L.P. raised its stake in shares of Cintas Corporation by 0.7% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 1,861 shares of the business services provider’s stock worth $235,000 after buying an additional 13 shares during the last quarter. Lincoln National Corp raised its stake in shares of Cintas Corporation by 0.8% in the first quarter. Lincoln National Corp now owns 1,845 shares of the business services provider’s stock worth $234,000 after buying an additional 14 shares during the last quarter. Gateway Investment Advisers LLC raised its stake in shares of Cintas Corporation by 0.4% in the second quarter. Gateway Investment Advisers LLC now owns 6,146 shares of the business services provider’s stock worth $775,000 after buying an additional 23 shares during the last quarter. Finally, Creative Planning raised its stake in shares of Cintas Corporation by 0.4% in the second quarter. Creative Planning now owns 5,206 shares of the business services provider’s stock worth $656,000 after buying an additional 23 shares during the last quarter. 68.61% of the stock is owned by hedge funds and other institutional investors.

Cintas Corporation (CTAS) traded up 9.19% during trading on Friday, reaching $138.43. The company’s stock had a trading volume of 2,341,315 shares. Cintas Corporation has a one year low of $102.07 and a one year high of $139.39. The company has a 50-day moving average of $126.83 and a 200 day moving average of $121.86. The firm has a market cap of $14.59 billion, a PE ratio of 31.55 and a beta of 0.83.

Cintas Corporation (NASDAQ:CTAS) last announced its earnings results on Thursday, July 20th. The business services provider reported $0.75 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.05 by $0.30. Cintas Corporation had a net margin of 8.90% and a return on equity of 24.06%. The business had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.53 billion. During the same period in the prior year, the business posted $1.08 EPS. Cintas Corporation’s revenue for the quarter was up 23.1% on a year-over-year basis. Analysts expect that Cintas Corporation will post $4.90 EPS for the current fiscal year.

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A number of analysts recently commented on the company. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $130.00 target price on shares of Cintas Corporation in a research report on Friday. Stifel Nicolaus boosted their target price on Cintas Corporation from $123.00 to $136.00 and gave the company a “hold” rating in a research report on Friday. Zacks Investment Research raised Cintas Corporation from a “hold” rating to a “buy” rating and set a $141.00 target price for the company in a research report on Monday, July 10th. Deutsche Bank AG boosted their target price on Cintas Corporation from $125.00 to $130.00 and gave the company a “hold” rating in a research report on Friday. Finally, Nomura lowered Cintas Corporation from a “buy” rating to a “neutral” rating in a research report on Wednesday, June 28th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $130.92.

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.

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

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