Cintas Co. (CTAS) Shares Bought by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC raised its position in Cintas Co. (NASDAQ:CTAS) by 3.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,051 shares of the business services provider’s stock after buying an additional 331 shares during the period. Mutual of America Capital Management LLC’s holdings in Cintas were worth $1,272,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of CTAS. Lincoln National Corp raised its position in shares of Cintas by 0.8% in the first quarter. Lincoln National Corp now owns 1,845 shares of the business services provider’s stock worth $234,000 after buying an additional 14 shares in the last quarter. Atria Investments LLC raised its position in shares of Cintas by 1.1% in the first quarter. Atria Investments LLC now owns 2,892 shares of the business services provider’s stock worth $366,000 after buying an additional 32 shares in the last quarter. Intrust Bank NA raised its position in shares of Cintas by 1.6% in the first quarter. Intrust Bank NA now owns 2,676 shares of the business services provider’s stock worth $339,000 after buying an additional 41 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of Cintas by 1.1% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 4,933 shares of the business services provider’s stock worth $570,000 after buying an additional 53 shares in the last quarter. Finally, Mn Services Vermogensbeheer B.V. raised its position in shares of Cintas by 2.5% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 2,239 shares of the business services provider’s stock worth $265,000 after buying an additional 54 shares in the last quarter. Hedge funds and other institutional investors own 66.28% of the company’s stock.

Institutional Ownership by Quarter for Cintas (NASDAQ:CTAS)

Shares of Cintas Co. (CTAS) opened at 123.67 on Friday. The stock has a market cap of $13.03 billion, a price-to-earnings ratio of 25.65 and a beta of 0.87. The stock’s 50 day moving average is $123.28 and its 200 day moving average is $119.89. Cintas Co. has a 52-week low of $91.24 and a 52-week high of $128.85.

Cintas (NASDAQ:CTAS) last released its earnings results on Wednesday, March 22nd. The business services provider reported $1.11 EPS for the quarter, topping the Zacks’ consensus estimate of $1.07 by $0.04. Cintas had a return on equity of 24.80% and a net margin of 10.37%. The firm had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.28 billion. During the same quarter in the previous year, the company posted $1.05 earnings per share. The company’s revenue was up 5.3% compared to the same quarter last year. On average, equities analysts predict that Cintas Co. will post $4.52 EPS for the current fiscal year.

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A number of equities analysts have weighed in on the stock. Zacks Investment Research lowered shares of Cintas from a “buy” rating to a “hold” rating in a research report on Monday. Piper Jaffray Companies lifted their target price on shares of Cintas from $117.00 to $129.00 and gave the company a “neutral” rating in a research report on Thursday, March 23rd. Deutsche Bank AG lifted their target price on shares of Cintas from $120.00 to $125.00 and gave the company a “hold” rating in a research report on Thursday, March 23rd. Barclays PLC lifted their price target on shares of Cintas from $130.00 to $145.00 and gave the stock an “overweight” rating in a research note on Thursday, March 23rd. Finally, Robert W. Baird reaffirmed an “outperform” rating and issued a $143.00 target price (up from $135.00) on shares of Cintas in a research note on Thursday, March 23rd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company. Cintas presently has a consensus rating of “Hold” and a consensus price target of $129.40.

In other news, Treasurer Paul F. Adler sold 4,030 shares of the business’s stock in a transaction that occurred on Wednesday, April 19th. The stock was sold at an average price of $122.26, for a total value of $492,707.80. Following the completion of the sale, the treasurer now directly owns 5,529 shares in the company, valued at $675,975.54. The transaction 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 business’s stock in a transaction that occurred on Thursday, March 23rd. The shares were sold at an average price of $125.72, for a total value of $688,568.44. Following the completion of the sale, the chief financial officer now owns 40,974 shares of the company’s stock, valued at $5,151,251.28. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 21,007 shares of company stock valued at $2,644,421. 19.10% of the stock is owned by company 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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