Spectrum Management Group Inc. continued to hold its stake in shares of Cintas Corp. (NASDAQ:CTAS) during the second quarter, Holdings Channel reports. The institutional investor owned 4,455 shares of the company’s stock at the end of the second quarter. Spectrum Management Group Inc.’s holdings in Cintas Corp. were worth $437,000 as of its most recent filing with the SEC.
Other hedge funds have also recently made changes to their positions in the company. Quadrant Capital Group LLC raised its stake in Cintas Corp. by 0.8% in the second quarter. Quadrant Capital Group LLC now owns 1,129 shares of the company’s stock worth $106,000 after buying an additional 9 shares in the last quarter. Checchi Capital Advisers LLC raised its stake in Cintas Corp. by 0.8% in the second quarter. Checchi Capital Advisers LLC now owns 1,376 shares of the company’s stock worth $135,000 after buying an additional 11 shares in the last quarter. MAI Capital Management raised its stake in Cintas Corp. by 1.2% in the second quarter. MAI Capital Management now owns 10,313 shares of the company’s stock worth $1,012,000 after buying an additional 125 shares in the last quarter. BB&T Securities LLC raised its stake in Cintas Corp. by 4.0% in the first quarter. BB&T Securities LLC now owns 3,836 shares of the company’s stock worth $344,000 after buying an additional 149 shares in the last quarter. Finally, National Planning Corp raised its stake in Cintas Corp. by 5.8% in the first quarter. National Planning Corp now owns 2,975 shares of the company’s stock worth $271,000 after buying an additional 164 shares in the last quarter. 66.96% of the stock is currently owned by institutional investors.
Cintas Corp. (NASDAQ:CTAS) traded down 0.92% during trading on Monday, reaching $108.25. 455,659 shares of the company’s stock traded hands. The stock has a market capitalization of $11.36 billion, a P/E ratio of 16.27 and a beta of 0.76. The stock has a 50-day moving average price of $113.59 and a 200 day moving average price of $101.58. Cintas Corp. has a 1-year low of $80.00 and a 1-year high of $119.94.
Cintas Corp. (NASDAQ:CTAS) last posted its quarterly earnings results on Tuesday, September 27th. The company reported $1.26 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.08 by $0.18. Cintas Corp. had a net margin of 14.63% and a return on equity of 24.60%. The business earned $1.29 billion during the quarter. During the same period last year, the firm posted $0.93 earnings per share. The company’s quarterly revenue was up 7.6% on a year-over-year basis. Equities research analysts expect that Cintas Corp. will post $4.60 earnings per share for the current year.
A number of analysts have recently weighed in on CTAS shares. Barclays PLC reaffirmed an “overweight” rating and set a $130.00 price objective on shares of Cintas Corp. in a research report on Friday, September 30th. KeyCorp upped their price objective on Cintas Corp. from $130.00 to $135.00 and gave the stock an “overweight” rating in a research report on Monday, October 3rd. Zacks Investment Research lowered Cintas Corp. from a “hold” rating to a “sell” rating in a research report on Tuesday, September 20th. Morgan Stanley set a $87.00 price objective on Cintas Corp. and gave the stock a “sell” rating in a research report on Wednesday, September 28th. Finally, Macquarie started coverage on Cintas Corp. in a research report on Thursday, August 25th. They set a “neutral” rating and a $130.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company. Cintas Corp. presently has a consensus rating of “Hold” and an average price target of $117.10.
In other news, Director Gerald S. Adolph sold 2,000 shares of Cintas Corp. stock in a transaction dated Monday, July 25th. The shares were sold at an average price of $108.12, for a total value of $216,240.00. Following the completion of the transaction, the director now directly owns 11,590 shares of the company’s stock, valued at approximately $1,253,110.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 19.10% of the stock is currently owned by insiders.
Cintas Corp. 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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