Nomura Holdings Inc. reduced its position in Cintas Corp. (NASDAQ:CTAS) by 21.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 34,873 shares of the company’s stock after selling 9,496 shares during the period. Nomura Holdings Inc.’s holdings in Cintas Corp. were worth $3,409,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in CTAS. Quadrant Capital Group LLC boosted its stake in Cintas Corp. by 0.8% in the second quarter. Quadrant Capital Group LLC now owns 1,129 shares of the company’s stock valued at $106,000 after buying an additional 9 shares in the last quarter. First Personal Financial Services boosted its stake in Cintas Corp. by 38.1% in the second quarter. First Personal Financial Services now owns 1,105 shares of the company’s stock valued at $108,000 after buying an additional 305 shares in the last quarter. Mizuho Asset Management Co. Ltd. boosted its stake in Cintas Corp. by 50.2% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 1,128 shares of the company’s stock valued at $111,000 after buying an additional 377 shares in the last quarter. Checchi Capital Advisers LLC boosted its stake in Cintas Corp. by 0.8% in the second quarter. Checchi Capital Advisers LLC now owns 1,376 shares of the company’s stock valued at $135,000 after buying an additional 11 shares in the last quarter. Finally, Glenmede Trust Co. NA boosted its stake in Cintas Corp. by 52.2% in the second quarter. Glenmede Trust Co. NA now owns 1,542 shares of the company’s stock valued at $150,000 after buying an additional 529 shares in the last quarter. 67.56% of the stock is currently owned by institutional investors and hedge funds.

Shares of Cintas Corp. (NASDAQ:CTAS) opened at 113.32 on Tuesday. Cintas Corp. has a 52 week low of $80.00 and a 52 week high of $119.94. The company has a market capitalization of $11.81 billion, a price-to-earnings ratio of 18.15 and a beta of 0.85. The stock has a 50 day moving average of $112.72 and a 200-day moving average of $98.34.

Cintas Corp. (NASDAQ:CTAS) last posted its quarterly earnings results on Tuesday, July 19th. The company reported $1.08 EPS for the quarter, topping the Zacks’ consensus estimate of $1.00 by $0.08. The firm had revenue of $1.27 billion for the quarter, compared to analysts’ expectations of $1.25 billion. Cintas Corp. had a net margin of 14.14% and a return on equity of 24.16%. During the same period in the prior year, the business posted $0.86 earnings per share. On average, analysts anticipate that Cintas Corp. will post $4.42 EPS for the current year.

Several equities research analysts have recently commented on CTAS shares. Zacks Investment Research cut shares of Cintas Corp. from a “hold” rating to a “sell” rating in a research report on Wednesday, June 15th. Nomura reissued a “buy” rating and set a $102.00 price target on shares of Cintas Corp. in a research report on Friday, July 15th. Piper Jaffray Cos. reissued a “neutral” rating and set a $106.00 price target (up from $95.00) on shares of Cintas Corp. in a research report on Wednesday, July 20th. Barclays PLC lowered their price target on shares of Cintas Corp. from $105.00 to $95.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 20th. Finally, Morgan Stanley reissued an “underweight” rating and set a $80.00 price target (up from $75.00) on shares of Cintas Corp. in a research report on Wednesday, August 17th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $112.36.

In other news, Director Gerald S. Adolph sold 2,000 shares of the company’s stock in a transaction dated Monday, July 25th. The shares were sold at an average price of $108.12, for a total value of $216,240.00. Following the transaction, the director now directly owns 11,590 shares in the company, valued at $1,253,110.80. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 19.10% of the stock is currently owned by insiders.

Cintas Corp. 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.

5 Day Chart for NASDAQ:CTAS

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