Victory Capital Management Inc. raised its holdings in Cintas Co. (NASDAQ:CTAS) by 4.1% in the first quarter, HoldingsChannel.com reports. The firm owned 18,971 shares of the business services provider’s stock after purchasing an additional 744 shares during the quarter. Victory Capital Management Inc.’s holdings in Cintas were worth $3,236,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of CTAS. Bank of Montreal Can lifted its holdings in shares of Cintas by 38.0% during the 4th quarter. Bank of Montreal Can now owns 80,848 shares of the business services provider’s stock worth $12,599,000 after acquiring an additional 22,276 shares during the period. Creative Planning lifted its holdings in shares of Cintas by 19.6% during the 4th quarter. Creative Planning now owns 6,303 shares of the business services provider’s stock worth $982,000 after acquiring an additional 1,032 shares during the period. Schwab Charles Investment Management Inc. lifted its holdings in shares of Cintas by 5.2% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 309,949 shares of the business services provider’s stock worth $48,300,000 after acquiring an additional 15,269 shares during the period. State of Alaska Department of Revenue lifted its holdings in shares of Cintas by 60.4% during the 4th quarter. State of Alaska Department of Revenue now owns 14,708 shares of the business services provider’s stock worth $2,291,000 after acquiring an additional 5,540 shares during the period. Finally, Steward Partners Investment Advisory LLC lifted its holdings in shares of Cintas by 978.5% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,308 shares of the business services provider’s stock worth $359,000 after acquiring an additional 2,094 shares during the period. 66.77% of the stock is owned by hedge funds and other institutional investors.

CTAS has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. upped their price target on shares of Cintas from $183.00 to $188.00 and gave the stock an “overweight” rating in a report on Friday, March 23rd. Zacks Investment Research downgraded shares of Cintas from a “buy” rating to a “hold” rating in a report on Tuesday, April 3rd. Morgan Stanley upped their price target on shares of Cintas from $130.00 to $151.00 and gave the stock an “underweight” rating in a report on Wednesday, January 31st. Goldman Sachs Group initiated coverage on shares of Cintas in a report on Tuesday, March 27th. They set a “conviction-buy” rating and a $210.00 price target for the company. Finally, ValuEngine downgraded shares of Cintas from a “buy” rating to a “hold” rating in a report on Monday, April 2nd. One research analyst has rated the stock with a sell rating, six have issued a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company. Cintas presently has an average rating of “Buy” and a consensus target price of $169.45.

In related news, VP Thomas E. Frooman sold 11,500 shares of the company’s stock in a transaction that occurred on Monday, May 7th. The shares were sold at an average price of $175.96, for a total transaction of $2,023,540.00. Following the completion of the transaction, the vice president now directly owns 106,926 shares in the company, valued at approximately $18,814,698.96. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider James Phillip Holloman sold 7,523 shares of the company’s stock in a transaction that occurred on Monday, April 30th. The stock was sold at an average price of $171.26, for a total transaction of $1,288,388.98. Following the transaction, the insider now owns 133,491 shares of the company’s stock, valued at $22,861,668.66. The disclosure for this sale can be found here. 18.90% of the stock is owned by corporate insiders.

Cintas opened at $180.84 on Friday, MarketBeat.com reports. The company has a market cap of $19.30 billion, a P/E ratio of 39.92, a P/E/G ratio of 2.59 and a beta of 0.90. Cintas Co. has a 1 year low of $123.00 and a 1 year high of $184.22. The company has a quick ratio of 1.86, a current ratio of 2.16 and a debt-to-equity ratio of 0.88.

Cintas (NASDAQ:CTAS) last released its quarterly earnings data on Thursday, March 22nd. The business services provider reported $1.37 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.27 by $0.10. The business had revenue of $1.59 billion during the quarter, compared to analysts’ expectations of $1.57 billion. Cintas had a net margin of 11.69% and a return on equity of 22.86%. The firm’s quarterly revenue was up 26.6% compared to the same quarter last year. During the same period in the prior year, the company earned $1.11 EPS. research analysts expect that Cintas Co. will post 5.83 earnings per share for the current fiscal year.

About Cintas

Cintas Corporation provides corporate identity uniforms and related business services primarily in North America, Latin America, Europe, and Asia. It operates through Uniform Rental and Facility Services; First Aid and Safety Services; and All Other segments. The company rents and services uniforms and other garments, including flame resistant clothing, mats, mops and shop towels, and other ancillary items; and provides restroom cleaning services and supplies, and carpet and tile cleaning services, as well as sells uniforms directly.

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Institutional Ownership by Quarter for Cintas (NASDAQ:CTAS)

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