OLD Mission Capital LLC acquired a new stake in Cintas Co. (NASDAQ:CTAS) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 3,467 shares of the business services provider’s stock, valued at approximately $540,000.
Several other institutional investors and hedge funds have also modified their holdings of CTAS. Northwestern Mutual Wealth Management Co. grew its position in shares of Cintas by 61.1% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 941 shares of the business services provider’s stock valued at $147,000 after purchasing an additional 357 shares during the period. Two Sigma Securities LLC acquired a new position in shares of Cintas in the 4th quarter valued at approximately $204,000. Cambridge Investment Research Advisors Inc. acquired a new position in shares of Cintas in the 3rd quarter valued at approximately $205,000. Novare Capital Management LLC acquired a new position in shares of Cintas in the 4th quarter valued at approximately $206,000. Finally, IFM Investors Pty Ltd acquired a new position in shares of Cintas in the 3rd quarter valued at approximately $210,000. Institutional investors and hedge funds own 66.58% of the company’s stock.
In other news, insider James Phillip Holloman sold 12,386 shares of the company’s stock in a transaction that occurred on Friday, January 12th. The stock was sold at an average price of $160.92, for a total transaction of $1,993,155.12. Following the sale, the insider now owns 141,328 shares in the company, valued at approximately $22,742,501.76. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 18.90% of the company’s stock.
A number of research firms have weighed in on CTAS. KeyCorp reaffirmed an “overweight” rating and set a $174.00 price target (up previously from $148.00) on shares of Cintas in a research report on Tuesday, December 19th. Zacks Investment Research downgraded Cintas from a “buy” rating to a “hold” rating in a research report on Wednesday, February 21st. Morgan Stanley upped their price target on Cintas from $130.00 to $151.00 and gave the stock an “underweight” rating in a research report on Wednesday, January 31st. Oppenheimer reaffirmed a “hold” rating on shares of Cintas in a research report on Friday, December 22nd. Finally, William Blair reaffirmed a “buy” rating on shares of Cintas in a research report on Tuesday, December 26th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $157.09.
Shares of Cintas Co. (NASDAQ:CTAS) opened at $173.28 on Friday. Cintas Co. has a 12 month low of $119.54 and a 12 month high of $178.34. The stock has a market capitalization of $18,454.51, a P/E ratio of 34.52, a PEG ratio of 2.65 and a beta of 0.88. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.53 and a current ratio of 1.77.
Cintas (NASDAQ:CTAS) last announced its quarterly earnings data on Thursday, December 21st. The business services provider reported $1.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.27 by $0.04. Cintas had a return on equity of 23.23% and a net margin of 9.23%. The company had revenue of $1.61 billion for the quarter, compared to analysts’ expectations of $1.59 billion. During the same quarter in the prior year, the business posted $1.15 EPS. The business’s revenue was up 26.4% compared to the same quarter last year. research analysts forecast that Cintas Co. will post 5.45 earnings per share for the current year.
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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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