Asset Advisors Corp boosted its stake in Cintas Co. (NASDAQ:CTAS) by 3.0% during the second quarter, according to its most recent Form 13F filing with the 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 were worth $4,958,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CTAS. Parallel Advisors LLC raised its stake in shares of Cintas by 19.4% in the first quarter. Parallel Advisors LLC now owns 862 shares of the business services provider’s stock valued at $104,000 after buying an additional 140 shares during the period. YorkBridge Wealth Partners LLC raised its stake in shares of Cintas by 11.6% in the first quarter. YorkBridge Wealth Partners LLC now owns 1,023 shares of the business services provider’s stock valued at $125,000 after buying an additional 106 shares during the period. Van ECK Associates Corp raised its stake in shares of Cintas by 8.1% in the first quarter. Van ECK Associates Corp now owns 1,214 shares of the business services provider’s stock valued at $154,000 after buying an additional 91 shares during the period. Global X Management Co. LLC raised its position in Cintas by 39.7% in the first quarter. Global X Management Co. LLC now owns 1,559 shares of the business services provider’s stock worth $197,000 after buying an additional 443 shares during the last quarter. Finally, Marble Harbor Investment Counsel LLC purchased a new position in Cintas during the first quarter worth $202,000. 68.58% of the stock is owned by hedge funds and other institutional investors.
Cintas Co. (CTAS) opened at 133.30 on Thursday. The stock’s 50 day moving average is $130.22 and its 200 day moving average is $123.88. The stock has a market capitalization of $14.05 billion, a price-to-earnings ratio of 30.39 and a beta of 0.84. Cintas Co. has a 12-month low of $102.07 and a 12-month high of $139.74.
Cintas (NASDAQ:CTAS) last posted its quarterly earnings data on Thursday, July 20th. The business services provider reported $0.75 earnings per share for the quarter, missing the consensus estimate of $1.05 by $0.30. Cintas had a return on equity of 13.63% and a net margin of 5.31%. The business had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.53 billion. During the same period in the prior year, the firm posted $1.08 EPS. Cintas’s revenue for the quarter was up 23.1% on a year-over-year basis. Equities research analysts forecast that Cintas Co. will post $5.23 EPS for the current fiscal year.
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A number of equities analysts recently weighed in on the stock. Deutsche Bank AG set a $130.00 price target on shares of Cintas and gave the company a “hold” rating in a research note on Friday, July 21st. Royal Bank Of Canada reissued a “hold” rating and issued a $130.00 target price on shares of Cintas in a research note on Friday, July 21st. Morgan Stanley reaffirmed an “underweight” rating and issued a $117.00 price target (up previously from $107.00) on shares of Cintas in a research note on Tuesday, July 25th. Zacks Investment Research downgraded shares of Cintas from a “buy” rating to a “hold” rating in a research note on Monday. Finally, BidaskClub cut shares of Cintas from a “hold” rating to a “sell” rating in a report on Monday, July 31st. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus 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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