Acadian Asset Management LLC raised its position in shares of Cintas Co. (NASDAQ:CTAS) by 1,705.2% during the second quarter, Holdings Channel reports. The firm owned 8,683 shares of the business services provider’s stock after buying an additional 8,202 shares during the period. Acadian Asset Management LLC’s holdings in Cintas were worth $1,095,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Rehmann Capital Advisory Group raised its stake in Cintas by 0.6% in the second quarter. Rehmann Capital Advisory Group now owns 1,674 shares of the business services provider’s stock worth $211,000 after buying an additional 10 shares in the last quarter. Bronfman E.L. Rothschild L.P. raised its stake in Cintas by 0.7% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 1,861 shares of the business services provider’s stock worth $235,000 after buying an additional 13 shares in the last quarter. Lincoln National Corp raised its stake in Cintas by 0.8% in the first quarter. Lincoln National Corp now owns 1,845 shares of the business services provider’s stock worth $234,000 after buying an additional 14 shares in the last quarter. Gateway Investment Advisers LLC raised its stake in Cintas by 0.4% in the second quarter. Gateway Investment Advisers LLC now owns 6,146 shares of the business services provider’s stock worth $775,000 after buying an additional 23 shares in the last quarter. Finally, Creative Planning raised its stake in Cintas by 0.4% in the second quarter. Creative Planning now owns 5,206 shares of the business services provider’s stock worth $656,000 after buying an additional 23 shares in the last quarter. 68.58% of the stock is owned by institutional investors.

Shares of Cintas Co. (NASDAQ CTAS) traded down 1.13% on Thursday, reaching $131.80. 279,712 shares of the company’s stock traded hands. The stock has a 50-day moving average of $130.22 and a 200 day moving average of $123.88. Cintas Co. has a 12-month low of $102.07 and a 12-month high of $139.74. The firm has a market cap of $13.90 billion, a P/E ratio of 30.04 and a beta of 0.84.

Cintas (NASDAQ:CTAS) last issued its earnings results on Thursday, July 20th. The business services provider reported $0.75 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.05 by $0.30. The company had revenue of $1.53 billion for the quarter, compared to analysts’ expectations of $1.53 billion. Cintas had a net margin of 5.31% and a return on equity of 13.63%. The firm’s revenue for the quarter was up 23.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.08 earnings per share. On average, equities research analysts expect that Cintas Co. will post $5.23 earnings per share for the current year.

ILLEGAL ACTIVITY NOTICE: “Acadian Asset Management LLC Increases Position in Cintas Co. (CTAS)” was first posted by Daily Political and is the property of of Daily Political. If you are reading this report on another domain, it was illegally stolen and reposted in violation of U.S. and international trademark & copyright laws. The original version of this report can be read at https://www.dailypolitical.com/2017/08/10/acadian-asset-management-llc-increases-position-in-cintas-co-ctas.html.

A number of equities research analysts recently commented on the stock. BidaskClub lowered shares of Cintas from a “hold” rating to a “sell” rating in a report on Monday, July 31st. Zacks Investment Research lowered shares of Cintas from a “buy” rating to a “hold” rating in a report on Monday. Stifel Nicolaus upped their price target on shares of Cintas from $123.00 to $136.00 and gave the company a “hold” rating in a report on Friday, July 21st. Royal Bank Of Canada reiterated a “hold” rating and set a $130.00 price target on shares of Cintas in a report on Friday, July 21st. Finally, Morgan Stanley reiterated an “underweight” rating and set a $117.00 price target (up from $107.00) on shares of Cintas in a report on Tuesday, July 25th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $133.42.

About Cintas

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.

Want to see what other hedge funds are holding CTAS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cintas Co. (NASDAQ:CTAS).

Institutional Ownership by Quarter for Cintas (NASDAQ:CTAS)

Receive News & Ratings for Cintas Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cintas Co. and related companies with MarketBeat.com's FREE daily email newsletter.