SG Americas Securities LLC Decreases Position in Cintas (CTAS)

SG Americas Securities LLC decreased its position in shares of Cintas (NASDAQ:CTAS) by 14.1% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,167 shares of the business services provider’s stock after selling 1,840 shares during the quarter. SG Americas Securities LLC’s holdings in Cintas were worth $1,905,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Belpointe Asset Management LLC lifted its holdings in shares of Cintas by 11.7% during the fourth quarter. Belpointe Asset Management LLC now owns 3,056 shares of the business services provider’s stock worth $476,000 after purchasing an additional 319 shares during the period. MML Investors Services LLC lifted its holdings in Cintas by 7.6% in the fourth quarter. MML Investors Services LLC now owns 4,900 shares of the business services provider’s stock valued at $764,000 after acquiring an additional 347 shares during the period. Northwestern Mutual Wealth Management Co. lifted its holdings in Cintas by 61.1% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 941 shares of the business services provider’s stock valued at $147,000 after acquiring an additional 357 shares during the period. Penserra Capital Management LLC lifted its holdings in Cintas by 18.6% in the fourth quarter. Penserra Capital Management LLC now owns 2,380 shares of the business services provider’s stock valued at $370,000 after acquiring an additional 374 shares during the period. Finally, Arizona State Retirement System lifted its holdings in Cintas by 1.0% in the fourth quarter. Arizona State Retirement System now owns 46,020 shares of the business services provider’s stock valued at $7,171,000 after acquiring an additional 439 shares during the period. 66.34% of the stock is owned by hedge funds and other institutional investors.

Shares of CTAS opened at $182.25 on Friday. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.16 and a quick ratio of 1.86. Cintas has a one year low of $182.10 and a one year high of $183.12. The company has a market cap of $19.44 billion, a P/E ratio of 34.11, a PEG ratio of 2.61 and a beta of 0.90.

Cintas (NASDAQ:CTAS) last issued its quarterly earnings results on Thursday, March 22nd. The business services provider reported $1.37 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.27 by $0.10. Cintas had a return on equity of 22.86% and a net margin of 11.69%. The firm had revenue of $1.59 billion during the quarter, compared to analysts’ expectations of $1.57 billion. During the same period in the previous year, the business earned $1.11 earnings per share. The firm’s revenue for the quarter was up 26.6% on a year-over-year basis. equities analysts predict that Cintas will post 5.83 EPS for the current year.

A number of brokerages have issued reports on CTAS. ValuEngine raised Cintas from a “hold” rating to a “buy” rating in a report on Wednesday, May 2nd. Stifel Nicolaus boosted their price target on Cintas from $145.00 to $162.00 and gave the company a “hold” rating in a report on Friday, March 23rd. Robert W. Baird reissued a “buy” rating and issued a $200.00 price target on shares of Cintas in a report on Friday, March 23rd. Zacks Investment Research downgraded Cintas from a “buy” rating to a “hold” rating in a research note on Friday, March 9th. Finally, BidaskClub raised Cintas from a “buy” rating to a “strong-buy” rating in a research note on Thursday, February 22nd. One research analyst has rated the stock with a sell rating, seven have given a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $168.55.

In other Cintas news, VP Thomas E. Frooman sold 11,500 shares of the company’s stock in a transaction on Monday, May 7th. The stock was sold at an average price of $175.96, for a total value of $2,023,540.00. Following the completion of the sale, the vice president now directly owns 106,926 shares in the company, valued at approximately $18,814,698.96. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider James Phillip Holloman sold 7,523 shares of the company’s stock in a transaction on Monday, April 30th. The shares were sold at an average price of $171.26, for a total value of $1,288,388.98. Following the completion of the sale, the insider now owns 133,491 shares of the company’s stock, valued at $22,861,668.66. The disclosure for this sale can be found here. 18.90% of the stock is currently owned by insiders.

Cintas Company Profile

Cintas Corporation provides corporate identity uniforms and related business services primarily in North America, Latin America, Europe, and Asia. It operates through Uniform Rental and Facility Services; First Aid and Safety Services; and All Other segments. The company rents and services uniforms and other garments, including flame resistant clothing, mats, mops and shop towels, and other ancillary items; and provides restroom cleaning services and supplies, and carpet and tile cleaning services, as well as sells uniforms directly.

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Institutional Ownership by Quarter for Cintas (NASDAQ:CTAS)

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