TIAA CREF Investment Management LLC decreased its position in shares of Cintas Corporation (NASDAQ:CTAS) by 6.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 282,938 shares of the business services provider’s stock after selling 18,669 shares during the quarter. TIAA CREF Investment Management LLC owned about 0.27% of Cintas Corporation worth $35,662,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Mitsubishi UFJ Trust & Banking Corp boosted its stake in Cintas Corporation by 35.3% during the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 266,155 shares of the business services provider’s stock worth $33,546,000 after acquiring an additional 69,483 shares during the last quarter. Bronfman E.L. Rothschild L.P. boosted its stake in Cintas Corporation by 0.7% during the 1st quarter. Bronfman E.L. Rothschild L.P. now owns 1,861 shares of the business services provider’s stock worth $235,000 after acquiring an additional 13 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its stake in Cintas Corporation by 3.6% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 270,485 shares of the business services provider’s stock worth $34,092,000 after acquiring an additional 9,351 shares during the last quarter. Fifth Third Bancorp boosted its stake in Cintas Corporation by 27.5% during the 1st quarter. Fifth Third Bancorp now owns 81,484 shares of the business services provider’s stock worth $10,311,000 after acquiring an additional 17,567 shares during the last quarter. Finally, Banque Pictet & Cie SA bought a new position in Cintas Corporation during the 2nd quarter worth approximately $8,073,000. 64.76% of the stock is currently owned by institutional investors and hedge funds.

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Several research firms recently weighed in on CTAS. Deutsche Bank AG set a $130.00 price objective on shares of Cintas Corporation and gave the stock a “hold” rating in a research note on Friday, July 21st. Royal Bank Of Canada reissued a “hold” rating and set a $130.00 price objective on shares of Cintas Corporation in a research note on Friday, July 21st. Morgan Stanley reissued an “underweight” rating and set a $117.00 price objective (up previously from $107.00) on shares of Cintas Corporation in a research note on Tuesday, July 25th. Zacks Investment Research raised shares of Cintas Corporation from a “hold” rating to a “buy” rating and set a $153.00 price objective on the stock in a research note on Thursday. Finally, BidaskClub raised shares of Cintas Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, August 23rd. One analyst has rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $135.70.

In other news, CFO J. Michael Hansen sold 800 shares of the firm’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 of the company’s stock, valued at approximately $7,108,877.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Gerald S. Adolph sold 2,000 shares of the firm’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 directly 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. Company insiders own 18.90% of the company’s stock.

Cintas Corporation (NASDAQ:CTAS) opened at 137.45 on Friday. Cintas Corporation has a 52 week low of $102.07 and a 52 week high of $139.74. The firm has a 50-day moving average of $133.77 and a 200-day moving average of $127.29. The company has a market cap of $14.49 billion, a price-to-earnings ratio of 31.33 and a beta of 0.85.

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 consensus estimate of $1.05 by ($0.30). The company had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.53 billion. Cintas Corporation had a return on equity of 23.38% and a net margin of 8.90%. The business’s quarterly revenue was up 23.1% compared to the same quarter last year. During the same period last year, the business earned $1.08 EPS. Equities analysts forecast that Cintas Corporation will post $5.23 earnings per share for the current year.

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

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