TD Asset Management Inc. decreased its position in Cintas Corporation (NASDAQ:CTAS) by 10.1% during the second quarter, Holdings Channel reports. The firm owned 167,347 shares of the business services provider’s stock after selling 18,874 shares during the period. TD Asset Management Inc.’s holdings in Cintas Corporation were worth $21,092,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Parallel Advisors LLC boosted its stake in shares of Cintas Corporation by 19.4% in the first quarter. Parallel Advisors LLC now owns 862 shares of the business services provider’s stock worth $104,000 after buying an additional 140 shares during the period. YorkBridge Wealth Partners LLC boosted its stake in shares of Cintas Corporation by 11.6% in the first quarter. YorkBridge Wealth Partners LLC now owns 1,023 shares of the business services provider’s stock worth $125,000 after buying an additional 106 shares during the period. Van ECK Associates Corp boosted its stake in shares of Cintas Corporation by 8.1% in the first quarter. Van ECK Associates Corp now owns 1,214 shares of the business services provider’s stock worth $154,000 after buying an additional 91 shares during the period. Global X Management Co. LLC boosted its stake in shares of Cintas Corporation by 39.7% in the first quarter. Global X Management Co. LLC now owns 1,559 shares of the business services provider’s stock worth $197,000 after buying an additional 443 shares during the period. Finally, Marble Harbor Investment Counsel LLC bought a new stake in shares of Cintas Corporation during the first quarter worth about $202,000. 68.58% of the stock is currently owned by institutional investors and hedge funds.

Cintas Corporation (NASDAQ:CTAS) opened at 130.33 on Friday. The firm has a 50-day moving average price of $130.29 and a 200-day moving average price of $124.04. The company has a market capitalization of $13.74 billion, a price-to-earnings ratio of 29.71 and a beta of 0.84. Cintas Corporation has a 52 week low of $102.07 and a 52 week high of $139.74.

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

COPYRIGHT VIOLATION NOTICE: This report was originally reported by Daily Political and is owned by of Daily Political. If you are viewing this report on another domain, it was copied illegally and republished in violation of US & international trademark and copyright laws. The legal version of this report can be accessed at https://www.dailypolitical.com/2017/08/12/td-asset-management-inc-sells-18874-shares-of-cintas-corporation-nasdaqctas.html.

CTAS has been the topic of a number of recent research reports. Zacks Investment Research raised Cintas Corporation from a “hold” rating to a “buy” rating and set a $141.00 price objective on the stock in a report on Monday, July 10th. Royal Bank Of Canada reissued a “hold” rating and set a $130.00 price objective on shares of Cintas Corporation in a report 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 report on Friday, July 21st. Stifel Nicolaus increased their price objective on Cintas Corporation from $123.00 to $136.00 and gave the stock a “hold” rating in a report on Friday, July 21st. Finally, Nomura cut Cintas Corporation from a “buy” rating to a “neutral” rating in a report on Wednesday, June 28th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target 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.

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

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

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