Ironwood Investment Counsel LLC increased its stake in Cintas Corporation (NASDAQ:CTAS) by 41.0% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 7,400 shares of the business services provider’s stock after acquiring an additional 2,150 shares during the period. Ironwood Investment Counsel LLC’s holdings in Cintas Corporation were worth $933,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. First Personal Financial Services boosted its position in shares of Cintas Corporation by 0.8% in the second quarter. First Personal Financial Services now owns 1,147 shares of the business services provider’s stock worth $145,000 after acquiring an additional 9 shares during the last quarter. Rehmann Capital Advisory Group boosted its position in shares of Cintas Corporation by 0.6% in the second quarter. Rehmann Capital Advisory Group now owns 1,674 shares of the business services provider’s stock worth $211,000 after acquiring an additional 10 shares during the last quarter. Alps Advisors Inc. boosted its position in shares of Cintas Corporation by 0.3% in the second quarter. Alps Advisors Inc. now owns 4,043 shares of the business services provider’s stock worth $510,000 after acquiring an additional 11 shares during the last quarter. D.A. Davidson & CO. boosted its position in shares of Cintas Corporation by 0.8% in the second quarter. D.A. Davidson & CO. now owns 1,574 shares of the business services provider’s stock worth $198,000 after acquiring an additional 12 shares during the last quarter. Finally, Bronfman E.L. Rothschild L.P. boosted its position in shares of Cintas Corporation by 0.7% in the first 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. 64.76% of the stock is currently owned by institutional investors and hedge funds.

WARNING: This article was first posted by Daily Political and is owned by of Daily Political. If you are reading this article on another publication, it was stolen and reposted in violation of US & international copyright and trademark laws. The original version of this article can be accessed at https://www.dailypolitical.com/2017/09/25/cintas-corporation-ctas-shares-bought-by-ironwood-investment-counsel-llc.html.

Cintas Corporation (NASDAQ:CTAS) last announced its quarterly earnings results on Thursday, July 20th. The business services provider reported $0.75 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.05 by ($0.30). The firm had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.53 billion. Cintas Corporation had a net margin of 8.90% and a return on equity of 23.38%. The company’s quarterly revenue was up 23.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.08 EPS.

Several research firms recently issued reports on CTAS. Zacks Investment Research raised shares of Cintas Corporation from a “hold” rating to a “buy” rating and set a $153.00 target price on the stock in a research report on Thursday. BidaskClub cut shares of Cintas Corporation from a “hold” rating to a “sell” rating in a research report on Monday, July 31st. Robert W. Baird set a $152.00 target price on shares of Cintas Corporation and gave the stock a “buy” rating in a research report on Thursday, August 24th. Stifel Nicolaus raised their target price on shares of Cintas Corporation from $123.00 to $136.00 and gave the stock a “hold” rating in a research report on Friday, July 21st. Finally, Morgan Stanley reissued an “underweight” rating and issued a $117.00 target price (up from $107.00) on shares of Cintas Corporation in a research report on Tuesday, July 25th. One analyst has rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $135.70.

In related news, CFO J. Michael Hansen sold 800 shares of the business’s stock in a transaction that occurred 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 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 document filed with the SEC, which is available at 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 shares were sold at an average price of $133.69, for a total value of $267,380.00. Following the completion of 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. Insiders own 18.90% of the company’s stock.

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.

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

Receive News & Ratings for Cintas Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cintas Corporation and related companies with MarketBeat.com's FREE daily email newsletter.