First Republic Investment Management Inc. lifted its holdings in shares of Cintas Co. (NASDAQ:CTAS) by 4.7% in the 1st quarter, HoldingsChannel reports. The firm owned 507,538 shares of the business services provider’s stock after acquiring an additional 22,901 shares during the period. First Republic Investment Management Inc.’s holdings in Cintas were worth $102,578,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of CTAS. CWM Advisors LLC lifted its position in Cintas by 46.5% in the 4th quarter. CWM Advisors LLC now owns 4,007 shares of the business services provider’s stock worth $673,000 after buying an additional 1,272 shares during the last quarter. Roman Butler Fullerton & Co. lifted its position in Cintas by 10.7% in the 1st quarter. Roman Butler Fullerton & Co. now owns 2,238 shares of the business services provider’s stock worth $452,000 after buying an additional 217 shares during the last quarter. Fulton Bank N.A. bought a new stake in Cintas in the 1st quarter worth approximately $227,000. Empire Life Investments Inc. bought a new stake in Cintas in the 4th quarter worth approximately $5,381,000. Finally, Lunia Capital LP bought a new stake in Cintas in the 4th quarter worth approximately $15,696,000. 67.07% of the stock is owned by institutional investors.

Shares of CTAS stock opened at $217.14 on Wednesday. The company has a quick ratio of 1.89, a current ratio of 2.24 and a debt-to-equity ratio of 0.80. Cintas Co. has a fifty-two week low of $155.98 and a fifty-two week high of $217.84. The company has a market capitalization of $22.71 billion, a price-to-earnings ratio of 36.56, a P/E/G ratio of 2.38 and a beta of 1.08.

Cintas (NASDAQ:CTAS) last announced its quarterly earnings data on Thursday, March 21st. The business services provider reported $1.84 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.71 by $0.13. Cintas had a return on equity of 25.85% and a net margin of 12.44%. The firm had revenue of $1.68 million during the quarter, compared to the consensus estimate of $1.69 billion. During the same quarter in the previous year, the company posted $1.37 earnings per share. The business’s revenue was down 99.9% on a year-over-year basis. On average, equities analysts predict that Cintas Co. will post 7.46 EPS for the current year.

CTAS has been the subject of a number of recent research reports. Morgan Stanley dropped their target price on Cintas from $167.00 to $163.00 and set an “underweight” rating for the company in a research report on Tuesday, January 8th. Bank of America upgraded Cintas from a “neutral” rating to a “buy” rating and set a $166.50 target price for the company in a research report on Thursday, January 3rd. They noted that the move was a valuation call. BidaskClub upgraded Cintas from a “buy” rating to a “strong-buy” rating in a research report on Thursday, January 24th. JPMorgan Chase & Co. boosted their target price on Cintas from $210.00 to $235.00 and gave the stock an “overweight” rating in a research report on Friday, March 22nd. Finally, ValuEngine upgraded Cintas from a “hold” rating to a “buy” rating in a research report on Monday, February 4th. Two analysts have rated the stock with a sell rating, four have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $194.45.

In related news, insider Michael Lawrence Thompson sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 12th. The stock was sold at an average price of $200.60, for a total transaction of $200,600.00. Following the completion of the transaction, the insider now owns 64,165 shares in the company, valued at $12,871,499. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Ronald W. Tysoe sold 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 13th. The shares were sold at an average price of $201.64, for a total value of $604,920.00. Following the transaction, the director now owns 5,667 shares of the company’s stock, valued at approximately $1,142,693.88. The disclosure for this sale can be found here. Insiders sold 8,155 shares of company stock valued at $1,658,496 in the last quarter. Corporate insiders own 19.10% of the company’s stock.

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Cintas Company Profile

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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