Arrow Investment Advisors LLC lowered its position in shares of Cintas Corp. (NASDAQ:CTAS) by 7.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 15,483 shares of the company’s stock after selling 1,170 shares during the period. Cintas Corp. comprises about 0.3% of Arrow Investment Advisors LLC’s portfolio, making the stock its 20th largest position. Arrow Investment Advisors LLC’s holdings in Cintas Corp. were worth $1,519,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. State Street Corp raised its position in Cintas Corp. by 2.2% in the first quarter. State Street Corp now owns 4,610,270 shares of the company’s stock worth $414,060,000 after buying an additional 99,221 shares during the last quarter. 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 worth $262,821,000 after buying an additional 480,916 shares during the last quarter. Franklin Resources Inc. raised its position in Cintas Corp. by 1.2% in the first quarter. Franklin Resources Inc. now owns 1,796,341 shares of the company’s stock worth $161,330,000 after buying an additional 21,199 shares during the last quarter. BlackRock Group LTD raised its position in Cintas Corp. by 17.2% in the first quarter. BlackRock Group LTD now owns 925,137 shares of the company’s stock worth $83,086,000 after buying an additional 136,073 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in Cintas Corp. by 2.1% in the first quarter. Geode Capital Management LLC now owns 806,175 shares of the company’s stock worth $72,271,000 after buying an additional 16,574 shares during the last quarter. 65.78% of the stock is owned by institutional investors and hedge funds.
Shares of Cintas Corp. (NASDAQ:CTAS) traded down 0.16% during trading on Monday, reaching $112.42. The company’s stock had a trading volume of 781,219 shares. The stock has a market cap of $11.79 billion, a price-to-earnings ratio of 16.90 and a beta of 0.76. The company has a 50 day moving average of $114.51 and a 200-day moving average of $99.85. Cintas Corp. has a 12-month low of $80.00 and a 12-month high of $119.94.
Cintas Corp. (NASDAQ:CTAS) last issued its quarterly earnings results on Tuesday, September 27th. The company reported $1.26 EPS for the quarter, topping analysts’ consensus estimates of $1.08 by $0.18. The business 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 quarterly revenue was up 7.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.93 EPS. Analysts forecast that Cintas Corp. will post $4.58 EPS for the current year.
A number of analysts have recently issued reports on the company. Nomura reiterated a “buy” rating on shares of Cintas Corp. in a research report on Sunday, July 17th. KeyCorp lifted their price target on Cintas Corp. from $130.00 to $135.00 and gave the company an “overweight” rating in a research report on Monday. Zacks Investment Research downgraded Cintas Corp. from a “hold” rating to a “sell” rating in a research report on Wednesday, June 15th. Barclays PLC dropped their price target on Cintas Corp. from $105.00 to $95.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 20th. Finally, Robert W. Baird reiterated an “outperform” rating and set a $140.00 price target on shares of Cintas Corp. in a research report on Friday. One analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $116.60.
In other Cintas Corp. news, Director Gerald S. Adolph sold 2,000 shares of the company’s stock in a transaction dated Monday, July 25th. The stock was sold at an average price of $108.12, for a total value of $216,240.00. Following the completion of the sale, the director now owns 11,590 shares in the company, valued at $1,253,110.80. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 19.10% of the stock is owned by company insiders.
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.
Want to see what other hedge funds are holding CTAS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cintas Corp. (NASDAQ:CTAS).
Receive News & Ratings for Cintas Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cintas Corp. and related companies with MarketBeat.com's FREE daily email newsletter.