Cintas Corporation (CTAS) Shares Bought by Trustmark National Bank Trust Department
Trustmark National Bank Trust Department boosted its position in Cintas Corporation (NASDAQ:CTAS) by 8.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,541 shares of the business services provider’s stock after acquiring an additional 345 shares during the quarter. Trustmark National Bank Trust Department’s holdings in Cintas Corporation were worth $573,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also recently modified their holdings of CTAS. 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 valued at $818,121,000 after acquiring an additional 6,113,425 shares during the last quarter. MARSHALL WACE ASIA Ltd acquired a new position in shares of Cintas Corporation during the first quarter worth about $57,378,000. Marshall Wace North America L.P. acquired a new position in shares of Cintas Corporation during the first quarter worth about $57,378,000. Artisan Partners Limited Partnership lifted its stake in shares of Cintas Corporation by 34.4% during 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 in the last quarter. Finally, Morgan Stanley lifted its stake in shares of Cintas Corporation by 128.7% during 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 in the last quarter. Hedge funds and other institutional investors own 64.76% of the company’s stock.
In related news, CFO J. Michael Hansen sold 800 shares of the 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 sale, the chief financial officer now owns 54,370 shares in the company, valued at $7,108,877.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Gerald S. Adolph sold 2,000 shares of the stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $133.69, for a total transaction of $267,380.00. Following the completion of 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. 18.90% of the stock is owned by corporate insiders.
Shares of Cintas Corporation (NASDAQ:CTAS) traded up 0.65% during mid-day trading on Wednesday, hitting $135.62. The stock had a trading volume of 88,039 shares. The firm’s 50 day moving average price is $133.77 and its 200-day moving average price is $127.29. Cintas Corporation has a one year low of $102.07 and a one year high of $139.74. The company has a market cap of $14.30 billion, a PE ratio of 30.91 and a beta of 0.85.
Cintas Corporation (NASDAQ:CTAS) last released its quarterly earnings results on Thursday, July 20th. The business services provider reported $0.75 earnings per share (EPS) for the quarter, missing the Zacks’ 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 firm had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.53 billion. During the same quarter last year, the company earned $1.08 earnings per share. The firm’s revenue was up 23.1% on a year-over-year basis. On average, equities research analysts anticipate that Cintas Corporation will post $5.23 earnings per share for the current fiscal year.
A number of research analysts have commented on the company. Zacks Investment Research upgraded Cintas Corporation from a “hold” rating to a “buy” rating and set a $150.00 price objective on the stock in a research note on Thursday, August 24th. Robert W. Baird set a $152.00 price objective on Cintas Corporation and gave the stock a “buy” rating in a research note on Thursday, August 24th. 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 cut 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 boosted 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. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $135.40.
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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.
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