Clarkston Capital Partners LLC cut its holdings in Cintas Co. (NASDAQ:CTAS) by 93.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,105 shares of the business services provider’s stock after selling 266,653 shares during the quarter. Clarkston Capital Partners LLC’s holdings in Cintas were worth $3,581,000 as of its most recent SEC filing.
Several other institutional investors have also bought and sold shares of the stock. Brown Advisory Inc. purchased a new stake in Cintas during the first quarter worth $247,027,000. Cornerstone Wealth Management LLC increased its stake in Cintas by 18,267.8% in the second quarter. Cornerstone Wealth Management LLC now owns 766,673 shares of the business services provider’s stock valued at $4,064,000 after purchasing an additional 762,499 shares during the last quarter. FMR LLC increased its stake in Cintas by 15.9% in the second quarter. FMR LLC now owns 2,507,776 shares of the business services provider’s stock valued at $464,114,000 after purchasing an additional 344,359 shares during the last quarter. King Luther Capital Management Corp increased its stake in Cintas by 127.9% in the second quarter. King Luther Capital Management Corp now owns 458,356 shares of the business services provider’s stock valued at $84,828,000 after purchasing an additional 257,231 shares during the last quarter. Finally, Bessemer Group Inc. increased its stake in Cintas by 12.6% during the second quarter. Bessemer Group Inc. now owns 1,297,097 shares of the business services provider’s stock worth $240,054,000 after acquiring an additional 145,128 shares during the last quarter. Hedge funds and other institutional investors own 67.20% of the company’s stock.
NASDAQ:CTAS traded down $3.30 on Thursday, hitting $182.90. 20,459 shares of the stock were exchanged, compared to its average volume of 537,115. The firm has a market capitalization of $21.50 billion, a PE ratio of 31.26, a P/E/G ratio of 2.28 and a beta of 0.98. The company has a debt-to-equity ratio of 0.76, a current ratio of 3.10 and a quick ratio of 2.65. Cintas Co. has a fifty-two week low of $144.40 and a fifty-two week high of $217.34.
Cintas (NASDAQ:CTAS) last announced its quarterly earnings results on Tuesday, September 25th. The business services provider reported $1.93 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.80 by $0.13. Cintas had a return on equity of 24.13% and a net margin of 12.72%. The company had revenue of $1.70 billion during the quarter, compared to analyst estimates of $1.68 billion. During the same period in the prior year, the firm posted $1.45 earnings per share. The firm’s revenue was up 5.4% on a year-over-year basis. As a group, research analysts anticipate that Cintas Co. will post 7.23 earnings per share for the current year.
Several equities research analysts have commented on CTAS shares. Zacks Investment Research lowered Cintas from a “hold” rating to a “sell” rating in a research note on Monday, September 24th. Morgan Stanley restated a “sell” rating and set a $178.00 price target (up from $164.00) on shares of Cintas in a research note on Thursday, September 13th. Credit Suisse Group started coverage on Cintas in a research note on Friday, August 10th. They set a “neutral” rating and a $205.00 price target for the company. Robert W. Baird restated a “buy” rating and set a $215.00 price target on shares of Cintas in a research note on Friday, July 20th. Finally, Barclays upped their price target on Cintas from $210.00 to $235.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 26th. One analyst has rated the stock with a sell rating, five have given a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Cintas presently has a consensus rating of “Buy” and an average price target of $196.00.
Cintas Company Profile
Cintas Corporation provides corporate identity uniforms and related business services primarily in North America, Latin America, Europe, and Asia. It operates through Uniform Rental and Facility Services and First Aid and Safety Services segments. The company rents and services uniforms and other garments, including flame resistant clothing, mats, mops and shop towels, and other ancillary items; and provides restroom cleaning services and supplies, and carpet and tile cleaning services, as well as sells uniforms directly.
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