Cintas Co. (CTAS) Shares Bought by Reilly Herbert Faulkner III

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Reilly Herbert Faulkner III boosted its holdings in Cintas Co. (NASDAQ:CTAS) by 0.6% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 37,994 shares of the business services provider’s stock after buying an additional 232 shares during the quarter. Cintas makes up 3.5% of Reilly Herbert Faulkner III’s holdings, making the stock its 3rd biggest holding. Reilly Herbert Faulkner III’s holdings in Cintas were worth $7,679,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Flagship Harbor Advisors LLC boosted its stake in shares of Cintas by 4.1% during the first quarter. Flagship Harbor Advisors LLC now owns 1,276 shares of the business services provider’s stock valued at $257,000 after purchasing an additional 50 shares in the last quarter. World Asset Management Inc boosted its stake in shares of Cintas by 0.8% during the first quarter. World Asset Management Inc now owns 6,740 shares of the business services provider’s stock valued at $1,362,000 after purchasing an additional 56 shares in the last quarter. Thrivent Financial for Lutherans boosted its stake in shares of Cintas by 1.8% during the fourth quarter. Thrivent Financial for Lutherans now owns 3,778 shares of the business services provider’s stock valued at $635,000 after purchasing an additional 66 shares in the last quarter. CWM LLC boosted its stake in shares of Cintas by 52.4% during the first quarter. CWM LLC now owns 192 shares of the business services provider’s stock valued at $39,000 after purchasing an additional 66 shares in the last quarter. Finally, ETF Managers Group LLC boosted its stake in shares of Cintas by 8.6% during the first quarter. ETF Managers Group LLC now owns 845 shares of the business services provider’s stock valued at $171,000 after purchasing an additional 67 shares in the last quarter. 67.15% of the stock is currently owned by institutional investors and hedge funds.

A number of analysts have recently commented on CTAS shares. BidaskClub raised Cintas from a “buy” rating to a “strong-buy” rating in a research note on Thursday, January 24th. JPMorgan Chase & Co. lifted their price target on Cintas from $210.00 to $235.00 and gave the company an “overweight” rating in a research note on Friday, March 22nd. Morgan Stanley lifted their price target on Cintas from $163.00 to $172.00 and gave the company an “underweight” rating in a research note on Friday, March 22nd. ValuEngine raised Cintas from a “hold” rating to a “buy” rating in a research note on Monday, February 4th. Finally, Zacks Investment Research lowered Cintas from a “hold” rating to a “sell” rating in a research note on Monday, March 11th. One analyst has rated the stock with a sell rating, four have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $200.05.

Cintas stock opened at $223.38 on Tuesday. The company has a current ratio of 2.24, a quick ratio of 1.89 and a debt-to-equity ratio of 0.80. The company has a market capitalization of $23.36 billion, a P/E ratio of 37.61, a P/E/G ratio of 2.46 and a beta of 1.08. Cintas Co. has a one year low of $155.98 and a one year high of $225.33.

Cintas (NASDAQ:CTAS) last posted its quarterly earnings data on Thursday, March 21st. The business services provider reported $1.84 EPS for the quarter, topping the Zacks’ consensus estimate of $1.71 by $0.13. The company had revenue of $1.68 million for the quarter, compared to analyst estimates of $1.69 billion. Cintas had a return on equity of 25.85% and a net margin of 12.44%. The firm’s quarterly revenue was down 99.9% on a year-over-year basis. During the same period in the previous year, the firm earned $1.37 earnings per share. Equities analysts predict that Cintas Co. will post 7.46 earnings per share for the current fiscal year.

In other Cintas news, VP Thomas E. Frooman sold 2,415 shares of Cintas stock in a transaction that occurred on Wednesday, April 3rd. The stock was sold at an average price of $207.81, for a total value of $501,861.15. Following the completion of the sale, the vice president now directly owns 122,251 shares in the company, valued at $25,404,980.31. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Joseph Scaminace sold 6,255 shares of Cintas stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $222.20, for a total value of $1,389,861.00. Following the completion of the sale, the director now owns 7,973 shares of the company’s stock, valued at $1,771,600.60. The disclosure for this sale can be found here. 19.10% of the stock is owned by insiders.

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About Cintas

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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Institutional Ownership by Quarter for Cintas (NASDAQ:CTAS)

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