Cintas Co. (NASDAQ:CTAS) Stock Position Lifted by CSat Investment Advisory L.P.

CSat Investment Advisory L.P. lifted its stake in shares of Cintas Co. (NASDAQ:CTAS) by 229.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 277 shares of the business services provider’s stock after purchasing an additional 193 shares during the quarter. CSat Investment Advisory L.P.’s holdings in Cintas were worth $66,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently made changes to their positions in the company. Lenox Wealth Management Inc. raised its position in shares of Cintas by 20.5% during the 2nd quarter. Lenox Wealth Management Inc. now owns 235 shares of the business services provider’s stock worth $55,000 after purchasing an additional 40 shares during the period. Silvercrest Asset Management Group LLC raised its position in shares of Cintas by 1.6% during the 2nd quarter. Silvercrest Asset Management Group LLC now owns 2,755 shares of the business services provider’s stock worth $654,000 after purchasing an additional 44 shares during the period. D.B. Root & Company LLC raised its position in shares of Cintas by 2.7% during the 2nd quarter. D.B. Root & Company LLC now owns 1,916 shares of the business services provider’s stock worth $454,000 after purchasing an additional 50 shares during the period. Steward Partners Investment Advisory LLC raised its position in shares of Cintas by 1.8% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 2,833 shares of the business services provider’s stock worth $672,000 after purchasing an additional 50 shares during the period. Finally, Oregon Public Employees Retirement Fund raised its position in shares of Cintas by 0.6% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 8,990 shares of the business services provider’s stock worth $2,133,000 after purchasing an additional 53 shares during the period. Institutional investors and hedge funds own 67.78% of the company’s stock.

CTAS stock opened at $264.00 on Wednesday. Cintas Co. has a twelve month low of $155.98 and a twelve month high of $270.36. The company has a market cap of $26.60 billion, a PE ratio of 34.74, a price-to-earnings-growth ratio of 2.95 and a beta of 0.98. The business’s 50-day simple moving average is $258.97 and its 200 day simple moving average is $233.69. The company has a quick ratio of 1.69, a current ratio of 1.98 and a debt-to-equity ratio of 0.85.



Cintas (NASDAQ:CTAS) last released its earnings results on Tuesday, September 24th. The business services provider reported $2.32 earnings per share for the quarter, topping analysts’ consensus estimates of $2.15 by $0.17. Cintas had a return on equity of 26.77% and a net margin of 12.80%. The business had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.79 billion. During the same period last year, the business earned $1.93 earnings per share. The firm’s revenue for the quarter was up 6.7% compared to the same quarter last year. On average, equities research analysts anticipate that Cintas Co. will post 8.45 EPS for the current year.

Several analysts recently commented on the company. BidaskClub cut Cintas from a “buy” rating to a “hold” rating in a research report on Wednesday, September 11th. Royal Bank of Canada raised their target price on Cintas from $267.00 to $275.00 and gave the stock a “positive” rating in a research report on Wednesday. Credit Suisse Group restated a “neutral” rating and set a $225.00 target price (up from $195.00) on shares of Cintas in a report on Wednesday. Robert W. Baird restated an “outperform” rating and set a $300.00 target price (up from $267.00) on shares of Cintas in a report on Wednesday. Finally, Nomura raised their target price on Cintas from $217.00 to $248.00 and gave the company a “neutral” rating in a report on Monday, July 22nd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $256.60.

In other Cintas news, VP Thomas E. Frooman sold 5,373 shares of Cintas stock in a transaction that occurred on Tuesday, July 23rd. The stock was sold at an average price of $260.79, for a total transaction of $1,401,224.67. Following the sale, the vice president now directly owns 127,624 shares of the company’s stock, valued at $33,283,062.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Michael Lawrence Thompson sold 4,888 shares of Cintas stock in a transaction that occurred on Tuesday, July 23rd. The shares were sold at an average price of $260.79, for a total value of $1,274,741.52. Following the sale, the insider now directly owns 69,053 shares in the company, valued at $18,008,331.87. The disclosure for this sale can be found here. 15.90% of the stock is currently owned by insiders.

Cintas 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.

Recommended Story: What is the return on assets formula?

Want to see what other hedge funds are holding CTAS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cintas Co. (NASDAQ:CTAS).

Institutional Ownership by Quarter for Cintas (NASDAQ:CTAS)

Receive News & Ratings for Cintas Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cintas and related companies with MarketBeat.com's FREE daily email newsletter.