BlackRock Advisors LLC Has $25,831,000 Stake in Cintas Corp. (CTAS)
BlackRock Advisors LLC raised its position in Cintas Corp. (NASDAQ:CTAS) by 0.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 263,231 shares of the company’s stock after buying an additional 2,076 shares during the period. BlackRock Advisors LLC owned about 0.25% of Cintas Corp. worth $25,831,000 at the end of the most recent quarter.
Other hedge funds have also added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of Cintas Corp. during the fourth quarter valued at about $94,087,000. Chevy Chase Trust Holdings Inc. raised its position in shares of Cintas Corp. by 4.3% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 73,958 shares of the company’s stock valued at $6,643,000 after buying an additional 3,081 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its position in shares of Cintas Corp. by 11.8% in the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 21,274 shares of the company’s stock valued at $1,911,000 after buying an additional 2,246 shares during the period. Exxonmobil Investment Management Inc. TX raised its position in shares of Cintas Corp. by 8.8% in the first quarter. Exxonmobil Investment Management Inc. TX now owns 21,325 shares of the company’s stock valued at $1,915,000 after buying an additional 1,724 shares during the period. Finally, Boston Advisors LLC raised its position in shares of Cintas Corp. by 1.9% in the first quarter. Boston Advisors LLC now owns 51,301 shares of the company’s stock valued at $4,607,000 after buying an additional 978 shares during the period. 65.78% of the stock is owned by hedge funds and other institutional investors.
Cintas Corp. (NASDAQ:CTAS) opened at 115.10 on Friday. Cintas Corp. has a 12 month low of $80.00 and a 12 month high of $119.94. The firm has a market cap of $11.99 billion, a price-to-earnings ratio of 18.44 and a beta of 0.85. The firm’s 50 day moving average is $113.39 and its 200-day moving average is $98.76.
Cintas Corp. (NASDAQ:CTAS) last released its quarterly earnings data on Tuesday, July 19th. The company reported $1.08 earnings per share for the quarter, beating analysts’ consensus estimates of $1.00 by $0.08. Cintas Corp. had a net margin of 14.14% and a return on equity of 24.16%. The firm had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.25 billion. During the same period last year, the firm earned $0.86 earnings per share. On average, equities analysts forecast that Cintas Corp. will post $4.42 EPS for the current year.
Several equities analysts have recently issued reports on the stock. Zacks Investment Research raised shares of Cintas Corp. from a “sell” rating to a “hold” rating and set a $120.00 price target for the company in a report on Thursday, July 21st. Barclays PLC cut their price objective on shares of Cintas Corp. from $105.00 to $95.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 20th. Nomura reaffirmed a “buy” rating and issued a $102.00 price objective on shares of Cintas Corp. in a research report on Friday, July 15th. Robert W. Baird raised shares of Cintas Corp. from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $111.00 to $140.00 in a research report on Wednesday, August 17th. Finally, Macquarie started coverage on shares of Cintas Corp. in a research report on Thursday, August 25th. They issued a “neutral” rating and a $130.00 price objective on the stock. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company. Cintas Corp. currently has an average rating of “Hold” and a consensus price target of $112.36.
In other Cintas Corp. news, Director Gerald S. Adolph sold 2,000 shares of the firm’s stock in a transaction on 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 of the company’s stock, valued at $1,253,110.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 19.10% of the stock is currently owned by company 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.
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