Nicholas Company Inc. Acquires 2,755 Shares of Cintas Corporation (CTAS)
Nicholas Company Inc. boosted its holdings in shares of Cintas Corporation (NASDAQ:CTAS) by 0.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 449,435 shares of the business services provider’s stock after acquiring an additional 2,755 shares during the period. Cintas Corporation accounts for about 1.3% of Nicholas Company Inc.’s investment portfolio, making the stock its 26th largest holding. Nicholas Company Inc. owned about 0.43% of Cintas Corporation worth $56,646,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also modified their holdings of CTAS. Janney Montgomery Scott LLC increased its stake in Cintas Corporation by 5.7% during the 1st quarter. Janney Montgomery Scott LLC now owns 3,692 shares of the business services provider’s stock valued at $467,000 after purchasing an additional 198 shares in the last quarter. Strs Ohio grew its stake in shares of Cintas Corporation by 13.2% in the first quarter. Strs Ohio now owns 5,520 shares of the business services provider’s stock worth $698,000 after acquiring an additional 643 shares during the period. Russell Investments Group Ltd. grew its stake in shares of Cintas Corporation by 10.7% in the first quarter. Russell Investments Group Ltd. now owns 66,375 shares of the business services provider’s stock worth $8,400,000 after acquiring an additional 6,392 shares during the period. Henderson Group PLC grew its stake in shares of Cintas Corporation by 4.0% in the first quarter. Henderson Group PLC now owns 10,290 shares of the business services provider’s stock worth $1,302,000 after acquiring an additional 400 shares during the period. Finally, Suntrust Banks Inc. grew its stake in shares of Cintas Corporation by 6.2% in the first quarter. Suntrust Banks Inc. now owns 4,496 shares of the business services provider’s stock worth $567,000 after acquiring an additional 262 shares during the period. 66.42% of the stock is owned by institutional investors.
In other Cintas Corporation news, Director Gerald S. Adolph sold 2,000 shares of Cintas Corporation stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $133.69, for a total value of $267,380.00. Following the completion of the transaction, the director now directly owns 13,135 shares of the company’s stock, valued at approximately $1,756,018.15. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO J. Michael Hansen sold 800 shares of Cintas Corporation stock in a transaction dated Friday, August 11th. The shares were sold at an average price of $130.75, for a total value of $104,600.00. Following the completion of the transaction, the chief financial officer now directly owns 54,370 shares of the company’s stock, valued at $7,108,877.50. The disclosure for this sale can be found here. Insiders own 19.10% of the company’s stock.
Cintas Corporation (NASDAQ CTAS) traded up 0.048% during mid-day trading on Friday, reaching $134.675. 214,465 shares of the company were exchanged. The stock’s 50-day moving average price is $133.86 and its 200-day moving average price is $126.83. The stock has a market capitalization of $14.20 billion, a price-to-earnings ratio of 30.699 and a beta of 0.85. Cintas Corporation has a 1-year low of $102.07 and a 1-year high of $139.74.
Cintas Corporation (NASDAQ:CTAS) last released its earnings results on Thursday, July 20th. The business services provider reported $0.75 earnings per share for the quarter, missing the consensus estimate of $1.05 by ($0.30). The firm 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 business’s revenue was up 23.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.08 earnings per share. On average, equities research analysts anticipate that Cintas Corporation will post $5.23 EPS for the current fiscal year.
CTAS has been the subject of a number of research analyst reports. Zacks Investment Research upgraded shares of Cintas Corporation from a “hold” rating to a “buy” rating and set a $141.00 price target for the company in a research note on Monday, July 10th. 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. Royal Bank Of Canada reaffirmed a “hold” rating and set a $130.00 price target on shares of Cintas Corporation in a report on Friday, July 21st. Deutsche Bank AG set a $130.00 price target on shares of Cintas Corporation and gave the company a “hold” rating in a report on Friday, July 21st. Finally, Stifel Nicolaus lifted their price target on shares of Cintas Corporation from $123.00 to $136.00 and gave the company a “hold” rating in a report on Friday, July 21st. One research analyst has rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the company. Cintas Corporation currently has a consensus rating of “Hold” and a consensus price target of $135.40.
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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