Cintas Corporation (CTAS) Stake Decreased by Axa
Axa lowered its stake in shares of Cintas Corporation (NASDAQ:CTAS) by 0.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 59,500 shares of the business services provider’s stock after selling 100 shares during the quarter. Axa owned approximately 0.06% of Cintas Corporation worth $7,499,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. boosted its holdings in Cintas Corporation by 1,737.2% in the first quarter. BlackRock Inc. now owns 6,465,344 shares of the business services provider’s stock worth $818,121,000 after purchasing an additional 6,113,425 shares during the period. MARSHALL WACE ASIA Ltd acquired a new position in Cintas Corporation in the first quarter worth $57,378,000. Marshall Wace North America L.P. acquired a new position in Cintas Corporation in the first quarter worth $57,378,000. Artisan Partners Limited Partnership boosted its holdings in Cintas Corporation by 34.4% in the first quarter. Artisan Partners Limited Partnership now owns 1,304,321 shares of the business services provider’s stock worth $165,049,000 after purchasing an additional 333,957 shares during the period. Finally, Morgan Stanley boosted its holdings in Cintas Corporation by 128.7% in the first quarter. Morgan Stanley now owns 535,838 shares of the business services provider’s stock worth $67,804,000 after purchasing an additional 301,551 shares during the period. 66.42% of the stock is owned by institutional investors and hedge funds.
Cintas Corporation (CTAS) opened at 134.61 on Friday. The stock’s 50 day moving average is $133.85 and its 200 day moving average is $126.83. The firm has a market cap of $14.19 billion, a P/E ratio of 30.68 and a beta of 0.85. Cintas Corporation has a one year low of $102.07 and a one year high of $139.74.
Cintas Corporation (NASDAQ:CTAS) last announced its earnings results on Thursday, July 20th. The business services provider reported $0.75 EPS for the quarter, missing the consensus estimate of $1.05 by ($0.30). The business had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.53 billion. Cintas Corporation had a return on equity of 23.38% and a net margin of 8.90%. Cintas Corporation’s revenue for the quarter was up 23.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.08 EPS. On average, equities research analysts expect that Cintas Corporation will post $5.23 earnings per share for the current year.
In other news, Director Gerald S. Adolph sold 2,000 shares of the stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $133.69, for a total transaction of $267,380.00. Following the sale, the director now owns 13,135 shares in the company, valued at $1,756,018.15. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO J. Michael Hansen sold 800 shares of the stock in a transaction on Friday, August 11th. The stock was sold at an average price of $130.75, for a total value of $104,600.00. Following the sale, the chief financial officer now owns 54,370 shares in the company, valued at approximately $7,108,877.50. The disclosure for this sale can be found here. 19.10% of the stock is currently owned by corporate insiders.
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A number of research firms have commented on CTAS. Zacks Investment Research downgraded shares of Cintas Corporation from a “buy” rating to a “hold” rating in a report on Monday, August 7th. BidaskClub downgraded shares of Cintas Corporation from a “hold” rating to a “sell” rating in a report on Monday, July 31st. Robert W. Baird set a $152.00 price objective on shares of Cintas Corporation and gave the stock a “buy” rating in a report on Thursday, August 24th. Stifel Nicolaus lifted their price objective on shares of Cintas Corporation from $123.00 to $136.00 and gave the stock a “hold” rating in a report on Friday, July 21st. Finally, Morgan Stanley reaffirmed an “underweight” rating and issued a $117.00 price objective (up previously from $107.00) on shares of Cintas Corporation in a report on Tuesday, July 25th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $135.40.
Cintas Corporation 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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