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.
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.
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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.
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