First Business Financial Services Inc. grew its holdings in Cintas Co. (NASDAQ:CTAS) by 25.6% during the 4th quarter, Holdings Channel reports. The firm owned 4,348 shares of the business services provider’s stock after buying an additional 887 shares during the period. First Business Financial Services Inc.’s holdings in Cintas were worth $678,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Cintas by 61.1% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 941 shares of the business services provider’s stock valued at $147,000 after buying an additional 357 shares during the period. Mountain Capital Investment Advisors Inc purchased a new stake in shares of Cintas in the 2nd quarter valued at $120,000. QS Investors LLC raised its holdings in shares of Cintas by 1.0% in the 2nd quarter. QS Investors LLC now owns 995 shares of the business services provider’s stock valued at $125,000 after buying an additional 10 shares during the period. Novare Capital Management LLC purchased a new stake in shares of Cintas in the 4th quarter valued at $206,000. Finally, Pitcairn Co. purchased a new stake in shares of Cintas in the 3rd quarter valued at $200,000. 66.58% of the stock is currently owned by institutional investors and hedge funds.

In other Cintas news, insider James Phillip Holloman sold 12,386 shares of the company’s stock in a transaction dated Friday, January 12th. The stock was sold at an average price of $160.92, for a total transaction of $1,993,155.12. Following the sale, the insider now owns 141,328 shares in the company, valued at approximately $22,742,501.76. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 18.90% of the stock is owned by corporate insiders.

Several research firms recently issued reports on CTAS. Zacks Investment Research downgraded Cintas from a “buy” rating to a “hold” rating in a report on Thursday, November 9th. Morgan Stanley boosted their price objective on Cintas from $130.00 to $151.00 and gave the company an “underweight” rating in a report on Wednesday, January 31st. Oppenheimer restated a “hold” rating on shares of Cintas in a report on Friday, December 22nd. JPMorgan Chase & Co. restated a “buy” rating and set a $183.00 price target on shares of Cintas in a report on Friday, December 22nd. Finally, KeyCorp restated an “overweight” rating and set a $174.00 price target (up previously from $148.00) on shares of Cintas in a report on Tuesday, December 19th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Cintas presently has an average rating of “Hold” and an average target price of $155.91.

Shares of Cintas Co. (NASDAQ CTAS) opened at $152.73 on Friday. The company has a current ratio of 1.77, a quick ratio of 1.53 and a debt-to-equity ratio of 0.99. Cintas Co. has a 1-year low of $115.17 and a 1-year high of $169.96. The firm has a market capitalization of $15,900.91, a PE ratio of 29.39, a price-to-earnings-growth ratio of 2.28 and a beta of 0.91.

Cintas (NASDAQ:CTAS) last issued its quarterly earnings results on Thursday, December 21st. The business services provider reported $1.31 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.27 by $0.04. Cintas had a return on equity of 23.23% and a net margin of 9.23%. The company had revenue of $1.61 billion for the quarter, compared to the consensus estimate of $1.59 billion. During the same quarter in the prior year, the business earned $1.15 EPS. Cintas’s revenue was up 26.4% on a year-over-year basis. equities analysts expect that Cintas Co. will post 5.45 earnings per share for the current year.

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

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