Public Employees Retirement Association of Colorado reduced its position in shares of Cintas Corporation (NASDAQ:CTAS) by 0.7% during the second quarter, Holdings Channel reports. The firm owned 15,831 shares of the business services provider’s stock after selling 111 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Cintas Corporation were worth $1,995,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in the stock. Lincoln National Corp raised its position in Cintas Corporation 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 during the period. Bronfman E.L. Rothschild L.P. raised its position in Cintas Corporation 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 during the period. Fifth Third Bancorp raised its position in Cintas Corporation by 27.5% in the first quarter. Fifth Third Bancorp now owns 81,484 shares of the business services provider’s stock worth $10,311,000 after buying an additional 17,567 shares during the period. FMR LLC raised its position in Cintas Corporation by 23.1% in the first quarter. FMR LLC now owns 1,417,504 shares of the business services provider’s stock worth $179,371,000 after buying an additional 265,971 shares during the period. Finally, Janney Montgomery Scott LLC raised its position in Cintas Corporation by 5.7% in the first quarter. Janney Montgomery Scott LLC now owns 3,692 shares of the business services provider’s stock worth $467,000 after buying an additional 198 shares during the period. Institutional investors and hedge funds own 68.58% of the company’s stock.

Shares of Cintas Corporation (NASDAQ CTAS) opened at 130.81 on Friday. The stock has a market capitalization of $13.79 billion, a P/E ratio of 29.82 and a beta of 0.84. The stock’s 50 day moving average price is $130.25 and its 200-day moving average price is $123.93. Cintas Corporation has a 1-year low of $102.07 and a 1-year high of $139.74.

Cintas Corporation (NASDAQ:CTAS) last posted its earnings results on Thursday, July 20th. The business services provider reported $0.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.05 by $0.30. The business had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.53 billion. Cintas Corporation had a net margin of 8.90% and a return on equity of 23.38%. The firm’s revenue was up 23.1% on a year-over-year basis. During the same period in the previous year, the firm posted $1.08 earnings per share. Equities research analysts anticipate that Cintas Corporation will post $5.23 EPS for the current fiscal year.

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A number of equities analysts recently weighed in on CTAS shares. Zacks Investment Research upgraded Cintas Corporation from a “hold” rating to a “buy” rating and set a $141.00 price target for the company in a research report on Monday, July 10th. Royal Bank Of Canada reissued a “hold” rating and issued a $130.00 price objective on shares of Cintas Corporation in a research note on Friday, July 21st. Deutsche Bank AG set a $130.00 price objective on Cintas Corporation and gave the stock a “hold” rating in a research note on Friday, July 21st. Instinet downgraded Cintas Corporation from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $142.00 to $130.00 in a research note on Tuesday, June 27th. Finally, Stifel Nicolaus increased their price objective on Cintas Corporation from $123.00 to $136.00 and gave the stock a “hold” rating in a research note on Friday, July 21st. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $133.42.

About Cintas Corporation

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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Institutional Ownership by Quarter for Cintas Corporation (NASDAQ:CTAS)

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