Fruth Investment Management lowered its position in Cintas Corporation (NASDAQ:CTAS) by 1.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,151 shares of the business services provider’s stock after selling 100 shares during the period. Fruth Investment Management’s holdings in Cintas Corporation were worth $1,027,000 at the end of the most recent quarter.
Several other large investors have also modified their holdings of the company. Parallel Advisors LLC raised its stake in shares of Cintas Corporation by 19.4% in the first quarter. Parallel Advisors LLC now owns 862 shares of the business services provider’s stock worth $104,000 after buying an additional 140 shares in the last quarter. YorkBridge Wealth Partners LLC raised its stake in shares of Cintas Corporation by 11.6% in the first quarter. YorkBridge Wealth Partners LLC now owns 1,023 shares of the business services provider’s stock worth $125,000 after buying an additional 106 shares in the last quarter. Van ECK Associates Corp raised its stake in shares of Cintas Corporation by 8.1% in the first quarter. Van ECK Associates Corp now owns 1,214 shares of the business services provider’s stock worth $154,000 after buying an additional 91 shares in the last quarter. Global X Management Co. LLC raised its stake in shares of Cintas Corporation by 39.7% in the first quarter. Global X Management Co. LLC now owns 1,559 shares of the business services provider’s stock worth $197,000 after buying an additional 443 shares in the last quarter. Finally, Marble Harbor Investment Counsel LLC acquired a new stake in shares of Cintas Corporation during the first quarter worth about $202,000. 68.58% of the stock is owned by hedge funds and other institutional investors.
Cintas Corporation (NASDAQ CTAS) traded down 0.37% on Friday, hitting $130.33. The stock had a trading volume of 474,633 shares. The company has a market cap of $13.74 billion, a P/E ratio of 29.71 and a beta of 0.84. The firm’s 50-day moving average is $130.29 and its 200-day moving average is $124.04. Cintas Corporation has a 52-week low of $102.07 and a 52-week high of $139.74.
Cintas Corporation (NASDAQ:CTAS) last posted its quarterly earnings results on Thursday, July 20th. The business services provider reported $0.75 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.05 by $0.30. Cintas Corporation had a net margin of 8.90% and a return on equity of 23.38%. The business had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.53 billion. During the same quarter in the prior year, the business earned $1.08 earnings per share. The firm’s quarterly revenue was up 23.1% on a year-over-year basis. Equities research analysts anticipate that Cintas Corporation will post $5.23 earnings per share for the current fiscal year.
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A number of brokerages have weighed in on CTAS. Zacks Investment Research lowered Cintas Corporation from a “buy” rating to a “hold” rating in a research report on Monday, August 7th. BidaskClub lowered Cintas Corporation from a “hold” rating to a “sell” rating in a research report on Monday, July 31st. Stifel Nicolaus lifted their target price on Cintas Corporation from $123.00 to $136.00 and gave the company a “hold” rating in a research report on Friday, July 21st. Royal Bank Of Canada reaffirmed a “hold” rating and set a $130.00 target price on shares of Cintas Corporation in a research report on Friday, July 21st. Finally, Morgan Stanley reaffirmed an “underweight” rating and set a $117.00 target price (up from $107.00) on shares of Cintas Corporation in a research report on Tuesday, July 25th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $133.42.
Cintas Corporation 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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