Capital Management Associates NY lowered its holdings in Cintas Co. (NASDAQ:CTAS) by 45.5% during the fourth quarter, HoldingsChannel.com reports. The fund owned 3,000 shares of the business services provider’s stock after selling 2,500 shares during the period. Capital Management Associates NY’s holdings in Cintas were worth $504,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Empire Life Investments Inc. bought a new stake in Cintas in the fourth quarter valued at about $5,381,000. Tdam USA Inc. bought a new stake in Cintas in the third quarter valued at about $204,000. Quantbot Technologies LP bought a new stake in Cintas in the third quarter valued at about $1,784,000. CENTRAL TRUST Co increased its stake in Cintas by 940.2% in the fourth quarter. CENTRAL TRUST Co now owns 1,217 shares of the business services provider’s stock valued at $204,000 after acquiring an additional 1,100 shares during the period. Finally, Stevens Capital Management LP bought a new stake in Cintas in the third quarter valued at about $5,332,000. 66.09% of the stock is currently owned by institutional investors and hedge funds.
In other news, Director Ronald W. Tysoe sold 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 13th. The shares were sold at an average price of $201.64, for a total transaction of $604,920.00. Following the transaction, the director now directly owns 5,667 shares in the company, valued at $1,142,693.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Michael Lawrence Thompson sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 12th. The stock was sold at an average price of $200.60, for a total transaction of $200,600.00. Following the transaction, the insider now owns 64,165 shares in the company, valued at $12,871,499. The disclosure for this sale can be found here. Insiders have sold 5,740 shares of company stock worth $1,156,635 over the last ninety days. Insiders own 19.10% of the company’s stock.
A number of analysts recently weighed in on CTAS shares. Royal Bank of Canada began coverage on shares of Cintas in a research note on Monday, November 19th. They issued an “outperform” rating and a $215.00 target price on the stock. BidaskClub raised shares of Cintas from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, November 20th. Zacks Investment Research cut shares of Cintas from a “buy” rating to a “hold” rating in a research note on Tuesday, November 27th. ValuEngine cut shares of Cintas from a “buy” rating to a “hold” rating in a research note on Friday, December 7th. Finally, Robert W. Baird decreased their price objective on shares of Cintas from $235.00 to $201.00 and set an “outperform” rating on the stock in a research note on Friday, December 21st. One analyst has rated the stock with a sell rating, four have issued a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company. Cintas currently has an average rating of “Buy” and an average price target of $190.77.
Shares of Cintas stock opened at $208.28 on Friday. The company has a current ratio of 1.99, a quick ratio of 1.70 and a debt-to-equity ratio of 0.84. The stock has a market cap of $21.46 billion, a price-to-earnings ratio of 35.06, a PEG ratio of 2.28 and a beta of 1.07. Cintas Co. has a 1-year low of $155.98 and a 1-year high of $217.34.
Cintas (NASDAQ:CTAS) last issued its quarterly earnings data on Thursday, December 20th. The business services provider reported $1.76 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.72 by $0.04. The firm had revenue of $1.72 billion for the quarter, compared to analysts’ expectations of $1.69 billion. Cintas had a net margin of 14.10% and a return on equity of 24.87%. The company’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.31 earnings per share. As a group, equities analysts anticipate that Cintas Co. will post 7.35 EPS for the current 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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