Quantitative Systematic Strategies LLC raised its stake in Cintas Corporation (NASDAQ:CTAS) by 530.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 18,007 shares of the business services provider’s stock after buying an additional 15,153 shares during the period. Quantitative Systematic Strategies LLC’s holdings in Cintas Corporation were worth $2,240,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in CTAS. Lincoln National Corp boosted its position in Cintas Corporation by 0.8% in the first quarter. Lincoln National Corp now owns 1,845 shares of the business services provider’s stock valued at $234,000 after buying an additional 14 shares during the last quarter. Bronfman E.L. Rothschild L.P. boosted its position in shares of Cintas Corporation by 0.7% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 1,861 shares of the business services provider’s stock worth $235,000 after buying an additional 13 shares in the last quarter. Fifth Third Bancorp boosted its position in shares of Cintas Corporation by 27.5% in the first quarter. Fifth Third Bancorp now owns 81,484 shares of the business services provider’s stock worth $10,311,000 after buying an additional 17,567 shares in the last quarter. FMR LLC boosted its position in shares of Cintas Corporation by 23.1% in the first quarter. FMR LLC now owns 1,417,504 shares of the business services provider’s stock worth $179,371,000 after buying an additional 265,971 shares in the last quarter. Finally, Janney Montgomery Scott LLC boosted its position in shares of Cintas Corporation by 5.7% in the first quarter. Janney Montgomery Scott LLC now owns 3,692 shares of the business services provider’s stock worth $467,000 after buying an additional 198 shares in the last quarter. Hedge funds and other institutional investors own 68.58% of the company’s stock.
Shares of Cintas Corporation (CTAS) traded down 0.37% during midday trading on Friday, hitting $130.33. The stock had a trading volume of 474,633 shares. Cintas Corporation has a 12-month low of $102.07 and a 12-month high of $139.74. The firm has a 50-day moving average of $130.29 and a 200 day moving average of $124.04. The firm has a market cap of $13.74 billion, a PE ratio of 29.71 and a beta of 0.84.
Cintas Corporation (NASDAQ:CTAS) last issued its quarterly earnings results on Thursday, July 20th. The business services provider reported $0.75 EPS for the quarter, missing the Zacks’ consensus estimate of $1.05 by $0.30. The firm had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.53 billion. Cintas Corporation had a net margin of 8.90% and a return on equity of 23.38%. The business’s revenue was up 23.1% compared to the same quarter last year. During the same period last year, the company posted $1.08 EPS. On average, analysts expect that Cintas Corporation will post $5.23 earnings per share for the current year.
A number of analysts recently commented on CTAS shares. Instinet cut Cintas Corporation from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $142.00 to $130.00 in a research report on Tuesday, June 27th. Nomura cut Cintas Corporation from a “buy” rating to a “neutral” rating in a research report on Wednesday, June 28th. Deutsche Bank AG set a $130.00 price objective on Cintas Corporation and gave the stock a “hold” rating in a research report on Friday, July 21st. Zacks Investment Research raised Cintas Corporation from a “hold” rating to a “buy” rating and set a $142.00 price target on the stock in a research note on Friday, June 2nd. Finally, Morgan Stanley reissued an “underweight” rating and issued a $117.00 price target (up from $107.00) on shares of Cintas Corporation in a research note on Tuesday, July 25th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the stock. Cintas Corporation has an average rating of “Hold” and an average price target of $133.42.
About Cintas Corporation
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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