Cintas Corp. (CTAS) Shares Sold by Alps Advisors Inc.
Alps Advisors Inc. lowered its stake in Cintas Corp. (NASDAQ:CTAS) by 6.9% during the second quarter, Holdings Channel reports. The fund owned 4,433 shares of the company’s stock after selling 328 shares during the period. Alps Advisors Inc.’s holdings in Cintas Corp. were worth $435,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also modified their holdings of the company. State Street Corp raised its stake in shares of Cintas Corp. by 2.2% in the first quarter. State Street Corp now owns 4,610,270 shares of the company’s stock valued at $414,060,000 after buying an additional 99,221 shares in the last quarter. BlackRock Institutional Trust Company N.A. raised its stake in Cintas Corp. by 19.7% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 2,926,414 shares of the company’s stock worth $262,821,000 after buying an additional 480,916 shares during the period. Franklin Resources Inc. raised its stake in Cintas Corp. by 1.2% in the first quarter. Franklin Resources Inc. now owns 1,796,341 shares of the company’s stock worth $161,330,000 after buying an additional 21,199 shares during the period. BlackRock Group LTD raised its stake in Cintas Corp. by 17.2% in the first quarter. BlackRock Group LTD now owns 925,137 shares of the company’s stock worth $83,086,000 after buying an additional 136,073 shares during the period. Finally, Geode Capital Management LLC raised its stake in Cintas Corp. by 2.1% in the first quarter. Geode Capital Management LLC now owns 806,175 shares of the company’s stock worth $72,271,000 after buying an additional 16,574 shares during the period. 65.78% of the stock is owned by institutional investors.
Cintas Corp. (NASDAQ:CTAS) traded up 0.76% during trading on Thursday, reaching $111.76. The company’s stock had a trading volume of 507,016 shares. Cintas Corp. has a 12-month low of $80.00 and a 12-month high of $119.94. The company has a market capitalization of $11.72 billion, a P/E ratio of 16.80 and a beta of 0.76. The firm’s 50-day moving average price is $114.60 and its 200 day moving average price is $100.47.
Cintas Corp. (NASDAQ:CTAS) last released its quarterly earnings data on Tuesday, September 27th. The company reported $1.26 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.08 by $0.18. Cintas Corp. had a return on equity of 24.60% and a net margin of 14.63%. The business had revenue of $1.29 billion for the quarter. During the same period in the previous year, the firm earned $0.93 EPS. The business’s revenue was up 7.6% compared to the same quarter last year. On average, analysts predict that Cintas Corp. will post $4.60 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on CTAS shares. Nomura reissued a “buy” rating and set a $124.00 price objective (up previously from $107.00) on shares of Cintas Corp. in a research note on Wednesday, August 17th. Zacks Investment Research raised Cintas Corp. from a “hold” rating to a “buy” rating and set a $125.00 price objective for the company in a research note on Wednesday. Barclays PLC dropped their price objective on Cintas Corp. from $105.00 to $95.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 20th. Oppenheimer Holdings Inc. reissued a “market perform” rating on shares of Cintas Corp. in a research note on Wednesday, September 28th. Finally, Piper Jaffray Cos. reissued a “neutral” rating and set a $106.00 price objective (up previously from $95.00) on shares of Cintas Corp. in a research note on Wednesday, July 20th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $117.10.
In other news, Director Gerald S. Adolph sold 2,000 shares of Cintas Corp. stock in a transaction that occurred on Monday, July 25th. The stock was sold at an average price of $108.12, for a total value of $216,240.00. Following the completion of the transaction, the director now owns 11,590 shares in the company, valued at approximately $1,253,110.80. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 19.10% of the stock is 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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