Yorktown Management & Research Co Inc held its stake in shares of Cintas Corporation (NASDAQ:CTAS) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,300 shares of the business services provider’s stock at the close of the 2nd quarter. Yorktown Management & Research Co Inc’s holdings in Cintas Corporation were worth $290,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Parallel Advisors LLC lifted its position in shares of Cintas Corporation by 19.4% in the 1st quarter. Parallel Advisors LLC now owns 862 shares of the business services provider’s stock worth $104,000 after purchasing an additional 140 shares during the period. First Personal Financial Services lifted its position in shares of Cintas Corporation by 0.8% in the 2nd quarter. First Personal Financial Services now owns 1,147 shares of the business services provider’s stock worth $145,000 after purchasing an additional 9 shares during the period. Paradigm Asset Management Co. LLC lifted its position in shares of Cintas Corporation by 4.3% in the 2nd quarter. Paradigm Asset Management Co. LLC now owns 1,200 shares of the business services provider’s stock worth $151,000 after purchasing an additional 50 shares during the period. Van ECK Associates Corp lifted its position in shares of Cintas Corporation by 8.1% in the 1st quarter. Van ECK Associates Corp now owns 1,214 shares of the business services provider’s stock worth $154,000 after purchasing an additional 91 shares during the period. Finally, Global X Management Co. LLC lifted its position in shares of Cintas Corporation by 39.7% in the 1st quarter. Global X Management Co. LLC now owns 1,559 shares of the business services provider’s stock worth $197,000 after purchasing an additional 443 shares during the period. 66.42% of the stock is owned by hedge funds and other institutional investors.

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In other news, CFO J. Michael Hansen sold 800 shares of the business’s stock in a transaction that occurred on Friday, August 11th. The shares were sold at an average price of $130.75, for a total transaction of $104,600.00. Following the completion of the sale, the chief financial officer now owns 54,370 shares in the company, valued at approximately $7,108,877.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Gerald S. Adolph sold 2,000 shares of the business’s stock in a transaction that occurred 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 of the company’s stock, valued at approximately $1,756,018.15. The disclosure for this sale can be found here. 19.10% of the stock is currently owned by insiders.

Several equities research analysts have recently weighed in on the stock. Robert W. Baird set a $152.00 price target on shares of Cintas Corporation and gave the stock a “buy” rating in a research report on Thursday, August 24th. Zacks Investment Research raised shares of Cintas Corporation from a “hold” rating to a “buy” rating and set a $150.00 price target for the company in a research report on Thursday, August 24th. BidaskClub raised shares of Cintas Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, August 23rd. Morgan Stanley reaffirmed an “underweight” rating and issued a $117.00 price target (up previously from $107.00) on shares of Cintas Corporation in a research report on Tuesday, July 25th. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and issued a $130.00 price target on shares of Cintas Corporation in a research report on Friday, July 21st. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $135.40.

Cintas Corporation (NASDAQ:CTAS) traded down 0.34% on Friday, hitting $134.15. 882,320 shares of the company traded hands. Cintas Corporation has a 12 month low of $102.07 and a 12 month high of $139.74. The stock’s 50-day moving average is $133.81 and its 200 day moving average is $126.93. The firm has a market capitalization of $14.14 billion, a P/E ratio of 30.58 and a beta of 0.85.

Cintas Corporation (NASDAQ:CTAS) last issued its quarterly earnings data 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 company had revenue of $1.53 billion for the quarter, compared to analysts’ expectations of $1.53 billion. Cintas Corporation had a return on equity of 23.38% and a net margin of 8.90%. The firm’s quarterly revenue was up 23.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.08 EPS. Equities analysts forecast that Cintas Corporation will post $5.23 EPS for the current fiscal year.

Cintas Corporation Company 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.

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

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