Quadrant Capital Group LLC increased its position in shares of Cintas Corp. (NASDAQ:CTAS) by 0.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,129 shares of the company’s stock after buying an additional 9 shares during the period. Quadrant Capital Group LLC’s holdings in Cintas Corp. were worth $106,000 at the end of the most recent quarter.
A number of other institutional investors also recently made changes to their positions in the stock. BlackRock Institutional Trust Company N.A. raised its position in Cintas Corp. by 19.7% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 2,926,414 shares of the company’s stock valued at $262,821,000 after buying an additional 480,916 shares during the period. Wellington Management Group LLP purchased a new position in shares of Cintas Corp. during the first quarter valued at approximately $35,390,000. AXA boosted its position in shares of Cintas Corp. by 214.6% in the first quarter. AXA now owns 402,920 shares of the company’s stock valued at $36,186,000 after buying an additional 274,850 shares during the last quarter. First Republic Investment Management Inc. boosted its position in shares of Cintas Corp. by 158.5% in the first quarter. First Republic Investment Management Inc. now owns 326,334 shares of the company’s stock valued at $29,307,000 after buying an additional 200,096 shares during the last quarter. Finally, BlackRock Group LTD boosted its position in shares of Cintas Corp. by 17.2% in the first quarter. BlackRock Group LTD now owns 925,137 shares of the company’s stock valued at $83,086,000 after buying an additional 136,073 shares during the last quarter. Hedge funds and other institutional investors own 65.78% of the company’s stock.
Shares of Cintas Corp. (NASDAQ:CTAS) traded down 1.16% during trading on Friday, reaching $110.46. 611,518 shares of the company traded hands. The stock’s 50 day moving average price is $114.50 and its 200-day moving average price is $100.61. Cintas Corp. has a 12 month low of $80.00 and a 12 month high of $119.94. The stock has a market cap of $11.59 billion, a P/E ratio of 16.61 and a beta of 0.76.
Cintas Corp. (NASDAQ:CTAS) last announced its quarterly earnings data on Tuesday, September 27th. The company reported $1.26 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.08 by $0.18. The firm earned $1.29 billion during the quarter. Cintas Corp. had a return on equity of 24.60% and a net margin of 14.63%. The business’s revenue for the quarter was up 7.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.93 earnings per share. On average, equities research analysts expect that Cintas Corp. will post $4.60 EPS for the current fiscal year.
Several research analysts have commented on the stock. Zacks Investment Research upgraded shares of Cintas Corp. from a “hold” rating to a “buy” rating and set a $125.00 target price for the company in a report on Wednesday. KeyCorp raised their target price on shares of Cintas Corp. from $130.00 to $135.00 and gave the stock an “overweight” rating in a report on Monday, October 3rd. Barclays PLC reiterated an “overweight” rating and issued a $130.00 target price on shares of Cintas Corp. in a report on Friday, September 30th. Robert W. Baird reiterated an “outperform” rating and issued a $140.00 target price on shares of Cintas Corp. in a report on Friday, September 30th. Finally, Oppenheimer Holdings Inc. reiterated a “market perform” rating on shares of Cintas Corp. in a report on Wednesday, September 28th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the stock. Cintas Corp. presently has a consensus rating of “Hold” and an average target price of $117.10.
In other Cintas Corp. news, Director Gerald S. Adolph sold 2,000 shares of the business’s stock in a transaction dated Monday, July 25th. The stock was sold at an average price of $108.12, for a total transaction of $216,240.00. Following the completion of the sale, the director now directly owns 11,590 shares of the company’s stock, valued at approximately $1,253,110.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 19.10% of the company’s stock.
About Cintas Corp.
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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