Robeco Institutional Asset Management B.V. decreased its position in shares of Cintas Co. (NASDAQ:CTAS) by 3.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 340,306 shares of the business services provider’s stock after selling 10,349 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 0.33% of Cintas worth $68,783,000 at the end of the most recent reporting period.
Several other institutional investors have also recently modified their holdings of the company. Lunia Capital LP bought a new stake in Cintas in the fourth quarter worth about $15,696,000. Norges Bank bought a new stake in shares of Cintas during the fourth quarter valued at approximately $140,888,000. American Century Companies Inc. raised its stake in shares of Cintas by 97.6% during the fourth quarter. American Century Companies Inc. now owns 1,172,508 shares of the business services provider’s stock valued at $196,970,000 after acquiring an additional 579,155 shares in the last quarter. Waratah Capital Advisors Ltd. bought a new stake in shares of Cintas during the fourth quarter valued at approximately $40,285,000. Finally, Brown Advisory Inc. raised its stake in shares of Cintas by 13.7% during the fourth quarter. Brown Advisory Inc. now owns 1,894,686 shares of the business services provider’s stock valued at $318,289,000 after acquiring an additional 228,596 shares in the last quarter. Hedge funds and other institutional investors own 67.10% of the company’s stock.
In related news, Director Joseph Scaminace sold 6,255 shares of the company’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $222.20, for a total transaction of $1,389,861.00. Following the completion of the transaction, the director now owns 7,973 shares in the company, valued at approximately $1,771,600.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Thomas E. Frooman sold 2,415 shares of the company’s stock in a transaction dated Wednesday, April 3rd. The stock was sold at an average price of $207.81, for a total transaction of $501,861.15. Following the transaction, the vice president now owns 122,251 shares of the company’s stock, valued at approximately $25,404,980.31. The disclosure for this sale can be found here. Corporate insiders own 19.10% of the company’s stock.
Several brokerages recently issued reports on CTAS. Zacks Investment Research raised shares of Cintas from a “hold” rating to a “buy” rating and set a $248.00 price objective on the stock in a report on Thursday, May 16th. BidaskClub raised shares of Cintas from a “buy” rating to a “strong-buy” rating in a report on Thursday, April 18th. JPMorgan Chase & Co. lifted their price objective on shares of Cintas from $210.00 to $235.00 and gave the company an “overweight” rating in a report on Friday, March 22nd. Morgan Stanley lifted their price target on shares of Cintas from $163.00 to $172.00 and gave the stock an “underweight” rating in a report on Friday, March 22nd. Finally, ValuEngine raised shares of Cintas from a “hold” rating to a “buy” rating in a report on Monday, February 4th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $200.05.
NASDAQ CTAS traded up $1.25 on Wednesday, reaching $221.94. 392,600 shares of the company’s stock traded hands, compared to its average volume of 478,706. The company has a market capitalization of $23.27 billion, a PE ratio of 37.36, a P/E/G ratio of 2.45 and a beta of 1.08. Cintas Co. has a fifty-two week low of $155.98 and a fifty-two week high of $227.64. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.24 and a quick ratio of 1.89.
Cintas (NASDAQ:CTAS) last issued its quarterly earnings data on Thursday, March 21st. The business services provider reported $1.84 earnings per share for the quarter, topping analysts’ consensus estimates of $1.71 by $0.13. The business had revenue of $1.68 million during the quarter, compared to the consensus estimate of $1.69 billion. Cintas had a net margin of 12.44% and a return on equity of 25.85%. The company’s revenue was down 99.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.37 earnings per share. Research analysts expect that Cintas Co. will post 7.46 earnings per share for the current year.
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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 and First Aid and Safety Services 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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