Parametrica Management Ltd Invests $887,000 in Cintas Co. (CTAS)

Parametrica Management Ltd acquired a new position in Cintas Co. (NASDAQ:CTAS) during the first quarter, Holdings Channel reports. The institutional investor acquired 7,010 shares of the company’s stock, valued at approximately $887,000. Cintas makes up about 0.9% of Parametrica Management Ltd’s portfolio, making the stock its 6th largest position.

Several other hedge funds have also recently bought and sold shares of CTAS. Acadian Asset Management LLC purchased a new stake in Cintas during the third quarter worth approximately $3,548,000. Nationwide Fund Advisors increased its stake in Cintas by 61.5% in the third quarter. Nationwide Fund Advisors now owns 39,402 shares of the company’s stock worth $4,437,000 after buying an additional 15,000 shares in the last quarter. Duncker Streett & Co. Inc. purchased a new stake in Cintas during the third quarter worth approximately $180,000. Trust Co. of Vermont purchased a new stake in Cintas during the third quarter worth approximately $118,000. Finally, PGGM Investments increased its stake in Cintas by 4.7% in the third quarter. PGGM Investments now owns 79,482 shares of the company’s stock worth $8,950,000 after buying an additional 3,564 shares in the last quarter. 66.28% of the stock is currently owned by institutional investors.

Institutional Ownership by Quarter for Cintas (NASDAQ:CTAS)

Shares of Cintas Co. (NASDAQ:CTAS) traded down 0.57% during midday trading on Thursday, hitting $121.68. The stock had a trading volume of 304,014 shares. Cintas Co. has a 52 week low of $88.51 and a 52 week high of $128.85. The stock has a 50 day moving average price of $121.81 and a 200-day moving average price of $115.71. The stock has a market capitalization of $12.82 billion, a price-to-earnings ratio of 25.23 and a beta of 0.87.

Cintas (NASDAQ:CTAS) last announced its quarterly earnings data on Wednesday, March 22nd. The company reported $1.11 EPS for the quarter, beating the Zacks’ consensus estimate of $1.07 by $0.04. The firm had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.28 billion. Cintas had a return on equity of 24.80% and a net margin of 10.37%. The business’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same period last year, the company earned $1.05 EPS. Equities research analysts anticipate that Cintas Co. will post $4.54 earnings per share for the current year.

ILLEGAL ACTIVITY WARNING: “Parametrica Management Ltd Invests $887,000 in Cintas Co. (CTAS)” was first reported by sleekmoney and is owned by of sleekmoney. If you are accessing this story on another site, it was illegally stolen and reposted in violation of United States & international copyright laws. The legal version of this story can be accessed at http://sleekmoney.com/parametrica-management-ltd-invests-887000-in-cintas-co-ctas/1739513.html.

CTAS has been the topic of a number of research reports. Zacks Investment Research raised Cintas from a “hold” rating to a “buy” rating and set a $134.00 price objective on the stock in a research note on Monday, December 19th. Stifel Nicolaus boosted their price objective on Cintas from $118.00 to $123.00 and gave the stock a “hold” rating in a research note on Tuesday, December 20th. Royal Bank of Canada reissued a “sector perform” rating on shares of Cintas in a research note on Tuesday, December 27th. William Blair reissued an “outperform” rating on shares of Cintas in a research note on Wednesday, January 18th. Finally, Deutsche Bank AG initiated coverage on Cintas in a research note on Wednesday, February 22nd. They issued a “hold” rating and a $120.00 price objective on the stock. One research analyst has rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $129.20.

In related news, VP Thomas E. Frooman sold 11,500 shares of the firm’s stock in a transaction on Thursday, March 23rd. The stock was sold at an average price of $127.23, for a total transaction of $1,463,145.00. Following the sale, the vice president now owns 74,466 shares of the company’s stock, valued at approximately $9,474,309.18. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO J. Michael Hansen sold 5,477 shares of the firm’s stock in a transaction on Thursday, March 23rd. The stock was sold at an average price of $125.72, for a total value of $688,568.44. Following the sale, the chief financial officer now directly owns 40,974 shares in the company, valued at approximately $5,151,251.28. The disclosure for this sale can be found here. Corporate insiders own 19.10% of the company’s stock.

Cintas Company Profile

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.

5 Day Chart for NASDAQ:CTAS

Want to see what other hedge funds are holding CTAS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cintas Co. (NASDAQ:CTAS).

This story was originally published by sleekmoney (http://sleekmoney.com) and is the sole property of sleekmoney. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at http://sleekmoney.com/parametrica-management-ltd-invests-887000-in-cintas-co-ctas/1739513.html

Receive News & Ratings for Cintas Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cintas Co. and related companies with MarketBeat.com's FREE daily email newsletter.

 

Leave a Reply

Your email address will not be published. Required fields are marked *