Wealthfront Advisers LLC grew its stake in shares of Cintas Co. (NASDAQ:CTAS) by 1.9% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 3,315 shares of the business services provider’s stock after acquiring an additional 62 shares during the quarter. Wealthfront Advisers LLC’s holdings in Cintas were worth $670,000 as of its most recent SEC filing.
Several other large investors also recently added to or reduced their stakes in CTAS. Lunia Capital LP acquired a new position in shares of Cintas during the 4th quarter worth $15,696,000. Vanguard Group Inc raised its holdings in shares of Cintas by 0.5% during the 3rd quarter. Vanguard Group Inc now owns 9,605,402 shares of the business services provider’s stock worth $1,900,044,000 after buying an additional 48,586 shares in the last quarter. BlackRock Inc. raised its holdings in shares of Cintas by 0.8% during the 4th quarter. BlackRock Inc. now owns 5,824,178 shares of the business services provider’s stock worth $978,406,000 after buying an additional 44,087 shares in the last quarter. Brown Advisory Inc. raised its holdings in shares of Cintas by 13.7% during the 4th quarter. Brown Advisory Inc. now owns 1,894,686 shares of the business services provider’s stock worth $318,289,000 after buying an additional 228,596 shares in the last quarter. Finally, American Century Companies Inc. raised its holdings in shares of Cintas by 97.6% during the 4th quarter. American Century Companies Inc. now owns 1,172,508 shares of the business services provider’s stock worth $196,970,000 after buying an additional 579,155 shares in the last quarter. Hedge funds and other institutional investors own 67.09% of the company’s stock.
In other Cintas news, VP Thomas E. Frooman sold 2,415 shares of the company’s stock in a transaction dated 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 transaction, the vice president now owns 122,251 shares of the company’s stock, valued at approximately $25,404,980.31. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Joseph Scaminace sold 6,255 shares of the company’s stock in a transaction dated 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 transaction, the director now directly owns 7,973 shares of the company’s stock, valued at approximately $1,771,600.60. The disclosure for this sale can be found here. 19.10% of the stock is owned by corporate insiders.
A number of equities analysts have recently commented on CTAS shares. JPMorgan Chase & Co. boosted their price target on Cintas from $210.00 to $235.00 and gave the stock an “overweight” rating in a report on Friday, March 22nd. BidaskClub cut Cintas from a “strong-buy” rating to a “buy” rating in a report on Wednesday, March 6th. Morgan Stanley boosted their price target on Cintas from $163.00 to $172.00 and gave the stock an “underweight” rating in a report on Friday, March 22nd. Finally, Zacks Investment Research cut Cintas from a “hold” rating to a “sell” rating in a report on Monday, March 11th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and eight have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $200.05.
Shares of CTAS opened at $236.37 on Friday. Cintas Co. has a 12-month low of $155.98 and a 12-month high of $237.45. The company has a quick ratio of 1.89, a current ratio of 2.24 and a debt-to-equity ratio of 0.80. The stock has a market capitalization of $24.72 billion, a price-to-earnings ratio of 39.79, a PEG ratio of 2.33 and a beta of 1.00.
Cintas (NASDAQ:CTAS) last issued its earnings results on Thursday, March 21st. The business services provider reported $1.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.71 by $0.13. Cintas had a return on equity of 25.85% and a net margin of 12.44%. The business had revenue of $1.68 million during the quarter, compared to analysts’ expectations of $1.69 billion. During the same quarter in the prior year, the firm earned $1.37 EPS. The business’s revenue for the quarter was down 99.9% compared to the same quarter last year. As a group, research analysts forecast that Cintas Co. will post 7.46 earnings per share for the current fiscal year.
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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