Stephens Inc. AR bought a new stake in shares of Cintas Co. (NASDAQ:CTAS) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 6,262 shares of the business services provider’s stock, valued at approximately $1,159,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. BlackRock Inc. increased its stake in shares of Cintas by 0.6% in the first quarter. BlackRock Inc. now owns 6,034,965 shares of the business services provider’s stock worth $1,029,443,000 after purchasing an additional 33,547 shares during the period. FMR LLC increased its stake in shares of Cintas by 15.9% in the second quarter. FMR LLC now owns 2,507,776 shares of the business services provider’s stock worth $464,114,000 after purchasing an additional 344,359 shares during the period. Brown Advisory Inc. increased its stake in shares of Cintas by 10.5% in the second quarter. Brown Advisory Inc. now owns 1,599,614 shares of the business services provider’s stock worth $296,040,000 after purchasing an additional 151,458 shares during the period. Bessemer Group Inc. increased its stake in shares of Cintas by 12.6% in the second quarter. Bessemer Group Inc. now owns 1,297,097 shares of the business services provider’s stock worth $240,054,000 after purchasing an additional 145,128 shares during the period. Finally, Wells Fargo & Company MN increased its stake in shares of Cintas by 23.8% in the first quarter. Wells Fargo & Company MN now owns 885,643 shares of the business services provider’s stock worth $151,074,000 after purchasing an additional 170,477 shares during the period. Institutional investors own 68.72% of the company’s stock.

CTAS stock opened at $216.40 on Friday. Cintas Co. has a twelve month low of $131.75 and a twelve month high of $216.84. The stock has a market cap of $22.81 billion, a P/E ratio of 36.43, a PEG ratio of 2.52 and a beta of 0.98. The company has a debt-to-equity ratio of 0.84, a quick ratio of 2.19 and a current ratio of 2.55.

Cintas (NASDAQ:CTAS) last released its quarterly earnings data on Thursday, July 19th. The business services provider reported $1.77 earnings per share for the quarter, beating analysts’ consensus estimates of $1.67 by $0.10. The company had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $1.64 billion. Cintas had a return on equity of 24.03% and a net margin of 13.01%. The company’s quarterly revenue was up 9.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.75 earnings per share. sell-side analysts predict that Cintas Co. will post 7.09 earnings per share for the current fiscal year.

A number of equities analysts have recently commented on CTAS shares. Morgan Stanley lifted their price objective on Cintas from $152.00 to $158.00 and gave the stock a “$192.53” rating in a research note on Wednesday, July 18th. Robert W. Baird reiterated a “buy” rating and issued a $215.00 price objective on shares of Cintas in a research note on Friday, July 20th. Zacks Investment Research upgraded Cintas from a “hold” rating to a “buy” rating and set a $203.00 price objective on the stock in a research note on Wednesday, May 23rd. Nomura reiterated a “hold” rating and issued a $188.00 price objective on shares of Cintas in a research note on Sunday, July 22nd. Finally, Stifel Nicolaus lifted their price objective on Cintas from $162.00 to $180.00 and gave the stock a “hold” rating in a research note on Friday, July 20th. Seven research analysts have rated the stock with a hold rating, six have issued a buy rating and two have given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $184.58.

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 and First Aid and Safety Services 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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