Verus Financial Partners Inc. acquired a new stake in shares of Cintas Co. (NASDAQ:CTAS) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 1,980 shares of the company’s stock, valued at approximately $251,000.
A number of other institutional investors have also recently added to or reduced their stakes in CTAS. Trust Co. of Vermont bought a new stake in shares of Cintas during the third quarter worth approximately $118,000. Parasol Investment Management LLC boosted its stake in shares of Cintas by 19.2% in the third quarter. Parasol Investment Management LLC now owns 1,054 shares of the company’s stock worth $119,000 after buying an additional 170 shares during the period. Van ECK Associates Corp boosted its stake in shares of Cintas by 9.2% in the fourth quarter. Van ECK Associates Corp now owns 1,123 shares of the company’s stock worth $130,000 after buying an additional 95 shares during the period. Quadrant Capital Group LLC boosted its stake in shares of Cintas by 6.6% in the third quarter. Quadrant Capital Group LLC now owns 1,203 shares of the company’s stock worth $132,000 after buying an additional 74 shares during the period. Finally, Duncker Streett & Co. Inc. bought a new stake in shares of Cintas during the third quarter worth approximately $180,000. 66.28% of the stock is owned by hedge funds and other institutional investors.
Shares of Cintas Co. (NASDAQ:CTAS) traded down 0.47% on Wednesday, hitting $122.38. The company had a trading volume of 314,104 shares. Cintas Co. has a 12-month low of $88.51 and a 12-month high of $128.85. The company has a market cap of $12.89 billion, a price-to-earnings ratio of 25.38 and a beta of 0.87. The company has a 50 day moving average of $121.81 and a 200-day moving average of $115.71.
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 business earned $1.28 billion during the quarter, compared to analyst estimates of $1.28 billion. Cintas had a net margin of 10.37% and a return on equity of 24.80%. The firm’s revenue for the quarter was up 5.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.05 earnings per share. On average, analysts forecast that Cintas Co. will post $4.54 earnings per share for the current year.
A number of equities research analysts have commented on CTAS shares. Zacks Investment Research upgraded Cintas from a “hold” rating to a “buy” rating and set a $134.00 target price on the stock in a report on Monday, December 19th. Deutsche Bank AG assumed coverage on Cintas in a report on Wednesday, February 22nd. They set a “hold” rating and a $120.00 price objective on the stock. William Blair restated an “outperform” rating on shares of Cintas in a report on Wednesday, January 18th. Stifel Nicolaus raised their price objective on Cintas from $118.00 to $123.00 and gave the stock a “hold” rating in a report on Tuesday, December 20th. Finally, Royal Bank of Canada restated a “sector perform” rating on shares of Cintas in a report on Tuesday, December 27th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $129.20.
In other news, VP Thomas E. Frooman sold 11,500 shares of the company’s stock in a transaction dated Thursday, March 23rd. The shares were sold at an average price of $127.23, for a total transaction of $1,463,145.00. Following the completion of the transaction, the vice president now owns 74,466 shares of the company’s stock, valued at $9,474,309.18. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO J. Michael Hansen sold 5,477 shares of the company’s stock in a transaction dated Thursday, March 23rd. The shares were sold at an average price of $125.72, for a total transaction of $688,568.44. Following the transaction, the chief financial officer now directly owns 40,974 shares of the company’s stock, valued at approximately $5,151,251.28. The disclosure for this sale can be found here. 19.10% of the stock is currently owned by corporate insiders.
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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