SG Americas Securities LLC cut its stake in shares of Cintas Co. (NASDAQ:CTAS) by 89.3% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 13,007 shares of the business services provider’s stock after selling 108,219 shares during the period. SG Americas Securities LLC’s holdings in Cintas were worth $2,027,000 as of its most recent SEC filing.
Several other institutional investors also recently made changes to their positions in CTAS. Janus Henderson Group PLC grew its position in shares of Cintas by 10,719.0% during the second quarter. Janus Henderson Group PLC now owns 1,113,279 shares of the business services provider’s stock worth $140,318,000 after buying an additional 1,102,989 shares in the last quarter. Point72 Asset Management L.P. acquired a new position in shares of Cintas during the third quarter worth about $61,754,000. Artisan Partners Limited Partnership grew its position in shares of Cintas by 29.1% during the third quarter. Artisan Partners Limited Partnership now owns 1,771,864 shares of the business services provider’s stock worth $255,645,000 after buying an additional 398,874 shares in the last quarter. Wells Fargo & Company MN grew its position in shares of Cintas by 85.0% during the third quarter. Wells Fargo & Company MN now owns 474,671 shares of the business services provider’s stock worth $68,486,000 after buying an additional 218,140 shares in the last quarter. Finally, Pictet Asset Management Ltd. grew its position in shares of Cintas by 23.9% during the third quarter. Pictet Asset Management Ltd. now owns 565,595 shares of the business services provider’s stock worth $81,604,000 after buying an additional 109,060 shares in the last quarter. 66.58% of the stock is owned by institutional investors and hedge funds.
A number of equities analysts recently issued reports on CTAS shares. Zacks Investment Research raised Cintas from a “hold” rating to a “buy” rating and set a $179.00 price target for the company in a report on Tuesday, December 19th. Robert W. Baird reaffirmed an “outperform” rating and issued a $185.00 price target (up from $165.00) on shares of Cintas in a report on Friday, December 22nd. William Blair reaffirmed a “buy” rating on shares of Cintas in a report on Tuesday, December 26th. Royal Bank of Canada reaffirmed a “hold” rating and issued a $145.00 price target on shares of Cintas in a report on Monday, November 20th. Finally, BidaskClub raised Cintas from a “sell” rating to a “hold” rating in a report on Tuesday, December 5th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $155.91.
In other news, insider James Phillip Holloman sold 12,386 shares of the stock in a transaction that occurred on Friday, January 12th. The stock was sold at an average price of $160.92, for a total value of $1,993,155.12. Following the completion of the sale, the insider now directly owns 141,328 shares of the company’s stock, valued at $22,742,501.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 18.90% of the stock is currently owned by corporate insiders.
Cintas Co. (NASDAQ CTAS) opened at $156.46 on Tuesday. The company has a quick ratio of 1.53, a current ratio of 1.77 and a debt-to-equity ratio of 0.99. The stock has a market capitalization of $17,232.02, a P/E ratio of 31.17, a P/E/G ratio of 2.48 and a beta of 0.91. Cintas Co. has a fifty-two week low of $113.79 and a fifty-two week high of $169.96.
Cintas (NASDAQ:CTAS) last announced its quarterly earnings results on Thursday, December 21st. The business services provider reported $1.31 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.27 by $0.04. The firm had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.59 billion. Cintas had a return on equity of 23.23% and a net margin of 9.23%. The firm’s quarterly revenue was up 26.4% compared to the same quarter last year. During the same period in the prior year, the company posted $1.15 earnings per share. equities analysts anticipate that Cintas Co. will post 5.45 EPS for the current fiscal 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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