Neuburgh Advisers LLC grew its stake in Cintas Co. (NASDAQ:CTAS) by 14.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,232 shares of the business services provider’s stock after acquiring an additional 672 shares during the quarter. Neuburgh Advisers LLC’s holdings in Cintas were worth $879,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently modified their holdings of the company. Empire Life Investments Inc. purchased a new stake in Cintas during the fourth quarter worth approximately $5,381,000. Quantbot Technologies LP purchased a new stake in Cintas during the third quarter worth approximately $1,784,000. CENTRAL TRUST Co lifted its stake in Cintas by 940.2% during the fourth quarter. CENTRAL TRUST Co now owns 1,217 shares of the business services provider’s stock worth $204,000 after purchasing an additional 1,100 shares during the last quarter. Jennison Associates LLC lifted its stake in Cintas by 1.5% during the fourth quarter. Jennison Associates LLC now owns 254,636 shares of the business services provider’s stock worth $42,776,000 after purchasing an additional 3,883 shares during the last quarter. Finally, Stevens Capital Management LP purchased a new stake in Cintas during the third quarter worth approximately $5,332,000. 66.33% of the stock is owned by institutional investors and hedge funds.
Several research firms recently weighed in on CTAS. Royal Bank of Canada began coverage on Cintas in a research note on Monday, November 19th. They set an “outperform” rating and a $215.00 target price for the company. Morgan Stanley set a $167.00 price target on Cintas and gave the stock a “sell” rating in a research report on Friday, December 21st. Zacks Investment Research raised Cintas from a “hold” rating to a “buy” rating and set a $192.00 price target on the stock in a research report on Tuesday, December 11th. ValuEngine raised Cintas from a “hold” rating to a “buy” rating in a research report on Monday, February 4th. Finally, BidaskClub raised Cintas from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, November 20th. Two investment analysts have 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. Cintas presently has a consensus rating of “Buy” and a consensus price target of $190.77.
NASDAQ:CTAS opened at $204.89 on Friday. The company has a market capitalization of $21.49 billion, a PE ratio of 34.49, a P/E/G ratio of 2.27 and a beta of 1.09. The company has a current ratio of 1.99, a quick ratio of 1.70 and a debt-to-equity ratio of 0.84. Cintas Co. has a 12-month low of $155.98 and a 12-month high of $217.34.
Cintas (NASDAQ:CTAS) last released its earnings results on Thursday, December 20th. The business services provider reported $1.76 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.72 by $0.04. The business had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.69 billion. Cintas had a return on equity of 24.87% and a net margin of 14.10%. The company’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.31 earnings per share. Equities analysts predict that Cintas Co. will post 7.35 earnings per share for the current year.
In other news, VP Thomas E. Frooman sold 1,740 shares of the business’s stock in a transaction that occurred on Thursday, February 14th. The stock was sold at an average price of $201.79, for a total value of $351,114.60. Following the transaction, the vice president now owns 124,666 shares of the company’s stock, valued at $25,156,352.14. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Ronald W. Tysoe sold 3,000 shares of the business’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 value of $604,920.00. Following the completion of the transaction, the director now directly owns 5,667 shares in the company, valued at approximately $1,142,693.88. The disclosure for this sale can be found here. In the last three months, insiders sold 5,740 shares of company stock worth $1,156,635. Corporate insiders own 19.10% of the company’s stock.
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Cintas Company Profile
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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