Victory Capital Management Inc. increased its stake in shares of Cintas Co. (NASDAQ:CTAS) by 10.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 18,227 shares of the business services provider’s stock after purchasing an additional 1,704 shares during the period. Victory Capital Management Inc.’s holdings in Cintas were worth $2,840,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. Assenagon Asset Management S.A. purchased a new position in shares of Cintas during the 3rd quarter worth approximately $11,296,000. Point72 Asset Management L.P. purchased a new position in shares of Cintas during the 3rd quarter worth approximately $61,754,000. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its position in shares of Cintas by 6.9% during the 3rd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 24,845 shares of the business services provider’s stock worth $3,585,000 after purchasing an additional 1,596 shares during the period. Janney Montgomery Scott LLC boosted its position in shares of Cintas by 23.6% during the 3rd quarter. Janney Montgomery Scott LLC now owns 4,812 shares of the business services provider’s stock worth $694,000 after purchasing an additional 918 shares during the period. Finally, State of Wisconsin Investment Board boosted its position in shares of Cintas by 3.6% during the 3rd quarter. State of Wisconsin Investment Board now owns 82,245 shares of the business services provider’s stock worth $11,866,000 after purchasing an additional 2,888 shares during the period. 66.19% of the stock is owned by hedge funds and other institutional investors.
In other Cintas news, insider James Phillip Holloman sold 12,386 shares of the stock in a transaction that occurred on Friday, January 12th. The shares were sold at an average price of $160.92, for a total transaction of $1,993,155.12. Following the sale, the insider now directly owns 141,328 shares in the company, valued at approximately $22,742,501.76. The transaction was disclosed in a document filed with the SEC, which is available through this link. 18.90% of the stock is owned by corporate insiders.
A number of equities analysts recently weighed in on the stock. Zacks Investment Research raised shares of Cintas from a “hold” rating to a “buy” rating and set a $179.00 price objective for the company in a research report on Tuesday, December 19th. KeyCorp reaffirmed an “overweight” rating and set a $174.00 price objective (up previously from $148.00) on shares of Cintas in a research report on Tuesday, December 19th. JPMorgan Chase & Co. reaffirmed a “buy” rating and set a $183.00 price objective on shares of Cintas in a research report on Friday, December 22nd. Oppenheimer reaffirmed a “hold” rating on shares of Cintas in a research report on Friday, December 22nd. Finally, William Blair reiterated a “buy” rating on shares of Cintas in a report on Tuesday, December 26th. 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 assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $155.91.
Shares of Cintas Co. (CTAS) opened at $167.12 on Tuesday. The stock has a market cap of $17,796.41, a P/E ratio of 33.29, a price-to-earnings-growth ratio of 2.56 and a beta of 0.91. Cintas Co. has a fifty-two week low of $117.21 and a fifty-two week high of $169.96. The company has a current ratio of 1.77, a quick ratio of 1.53 and a debt-to-equity ratio of 0.99.
Cintas (NASDAQ:CTAS) last released its earnings results on Thursday, December 21st. The business services provider reported $1.31 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.27 by $0.04. The company had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.59 billion. Cintas had a net margin of 9.23% and a return on equity of 23.23%. The firm’s quarterly revenue was up 26.4% on a year-over-year basis. During the same period in the prior year, the business earned $1.15 EPS. equities analysts predict 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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