Mizuho Asset Management Co. Ltd. boosted its stake in Cintas Corp. (NASDAQ:CTAS) by 50.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,128 shares of the company’s stock after buying an additional 377 shares during the period. Mizuho Asset Management Co. Ltd.’s holdings in Cintas Corp. were worth $111,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. National Planning Corp raised its position in Cintas Corp. by 46.7% in the second quarter. National Planning Corp now owns 4,363 shares of the company’s stock valued at $464,000 after buying an additional 1,388 shares during the period. Prudential Financial Inc. raised its position in Cintas Corp. by 9.9% in the second quarter. Prudential Financial Inc. now owns 135,805 shares of the company’s stock valued at $13,327,000 after buying an additional 12,200 shares during the period. Dimensional Fund Advisors LP raised its position in Cintas Corp. by 3.7% in the second quarter. Dimensional Fund Advisors LP now owns 405,167 shares of the company’s stock valued at $39,752,000 after buying an additional 14,479 shares during the period. First Personal Financial Services raised its position in Cintas Corp. by 38.1% in the second quarter. First Personal Financial Services now owns 1,105 shares of the company’s stock valued at $108,000 after buying an additional 305 shares during the period. Finally, Coldstream Capital Management Inc. raised its position in Cintas Corp. by 158.7% in the second quarter. Coldstream Capital Management Inc. now owns 7,731 shares of the company’s stock valued at $759,000 after buying an additional 4,743 shares during the period. Hedge funds and other institutional investors own 65.78% of the company’s stock.
Shares of Cintas Corp. (NASDAQ:CTAS) traded down 3.62% during mid-day trading on Thursday, reaching $111.97. 322,272 shares of the company were exchanged. The stock has a market capitalization of $11.67 billion, a P/E ratio of 17.94 and a beta of 0.85. Cintas Corp. has a 12 month low of $80.00 and a 12 month high of $119.94. The stock has a 50 day moving average price of $114.25 and a 200-day moving average price of $99.60.
Cintas Corp. (NASDAQ:CTAS) last announced its earnings results on Tuesday, September 27th. The company reported $1.26 earnings per share for the quarter, beating the consensus estimate of $1.08 by $0.18. Cintas Corp. had a net margin of 14.63% and a return on equity of 24.86%. The firm earned $1.29 billion during the quarter. During the same period in the previous year, the firm posted $0.93 EPS. The company’s revenue for the quarter was up 7.6% compared to the same quarter last year. Analysts predict that Cintas Corp. will post $4.44 earnings per share for the current year.
A number of brokerages have issued reports on CTAS. Oppenheimer Holdings Inc. restated a “market perform” rating on shares of Cintas Corp. in a research note on Wednesday. Morgan Stanley set a $87.00 price target on shares of Cintas Corp. and gave the company a “sell” rating in a research note on Wednesday. Zacks Investment Research upgraded shares of Cintas Corp. from a “sell” rating to a “hold” rating in a research note on Tuesday. Macquarie started coverage on shares of Cintas Corp. in a report on Thursday, August 25th. They issued a “neutral” rating and a $130.00 price objective on the stock. Finally, Nomura reaffirmed a “buy” rating and issued a $135.00 price objective (up from $124.00) on shares of Cintas Corp. in a report on Thursday, August 25th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the stock. Cintas Corp. presently has an average rating of “Hold” and an average target price of $116.10.
In related news, Director Gerald S. Adolph sold 2,000 shares of the business’s 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 owns 11,590 shares of the company’s stock, valued at approximately $1,253,110.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 19.10% of the stock is currently owned by corporate 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.
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