Cintas Co. (NASDAQ:CTAS) Shares Sold by Rowland & Co. Investment Counsel ADV

Rowland & Co. Investment Counsel ADV reduced its position in Cintas Co. (NASDAQ:CTAS) by 1.3% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 6,178 shares of the business services provider’s stock after selling 80 shares during the quarter. Rowland & Co. Investment Counsel ADV’s holdings in Cintas were worth $1,657,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Invesco Ltd. boosted its position in shares of Cintas by 41.1% during the 2nd quarter. Invesco Ltd. now owns 3,146,487 shares of the business services provider’s stock worth $746,630,000 after purchasing an additional 916,169 shares in the last quarter. OppenheimerFunds Inc. boosted its position in shares of Cintas by 336.6% during the 1st quarter. OppenheimerFunds Inc. now owns 653,407 shares of the business services provider’s stock worth $132,061,000 after purchasing an additional 503,747 shares in the last quarter. FMR LLC boosted its position in shares of Cintas by 21.2% during the 1st quarter. FMR LLC now owns 2,722,998 shares of the business services provider’s stock worth $550,345,000 after purchasing an additional 475,757 shares in the last quarter. Nuveen Asset Management LLC boosted its position in shares of Cintas by 17,451.5% during the 2nd quarter. Nuveen Asset Management LLC now owns 420,359 shares of the business services provider’s stock worth $99,748,000 after purchasing an additional 417,964 shares in the last quarter. Finally, Vanguard Group Inc. boosted its position in shares of Cintas by 4.0% during the 2nd quarter. Vanguard Group Inc. now owns 10,033,781 shares of the business services provider’s stock worth $2,380,916,000 after purchasing an additional 382,578 shares in the last quarter. 66.26% of the stock is currently owned by institutional investors.

In related news, VP Thomas E. Frooman sold 5,373 shares of the business’s stock in a transaction dated Tuesday, July 23rd. The shares were sold at an average price of $260.79, for a total value of $1,401,224.67. Following the completion of the transaction, the vice president now owns 127,624 shares of the company’s stock, valued at approximately $33,283,062.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Michael Lawrence Thompson sold 4,888 shares of the business’s stock in a transaction dated Tuesday, July 23rd. The shares were sold at an average price of $260.79, for a total transaction of $1,274,741.52. Following the completion of the transaction, the insider now directly owns 69,053 shares of the company’s stock, valued at approximately $18,008,331.87. The disclosure for this sale can be found here. Insiders own 15.90% of the company’s stock.

Several equities research analysts recently commented on the stock. Robert W. Baird boosted their price objective on shares of Cintas from $267.00 to $300.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 25th. Nomura boosted their price objective on shares of Cintas from $217.00 to $248.00 and gave the stock a “neutral” rating in a research report on Monday, July 22nd. ValuEngine lowered shares of Cintas from a “buy” rating to a “hold” rating in a research report on Wednesday. Stifel Nicolaus boosted their price objective on shares of Cintas from $226.00 to $256.00 and gave the stock a “hold” rating in a research report on Wednesday, September 25th. Finally, Morgan Stanley boosted their price objective on shares of Cintas from $202.00 to $217.00 and gave the stock an “underweight” rating in a research report on Wednesday, September 25th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $261.80.

CTAS stock traded down $1.00 during trading on Thursday, hitting $257.95. The stock had a trading volume of 7,746 shares, compared to its average volume of 735,239. The company’s 50 day moving average price is $259.72 and its two-hundred day moving average price is $236.17. Cintas Co. has a 1-year low of $155.98 and a 1-year high of $270.36. The stock has a market cap of $27.05 billion, a price-to-earnings ratio of 33.97, a price-to-earnings-growth ratio of 3.01 and a beta of 1.00. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.74 and a current ratio of 2.04.

Cintas (NASDAQ:CTAS) last announced its earnings results on Tuesday, September 24th. The business services provider reported $2.32 earnings per share for the quarter, beating the consensus estimate of $2.15 by $0.17. Cintas had a net margin of 13.18% and a return on equity of 28.61%. The firm had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.79 billion. During the same quarter in the previous year, the company posted $1.93 EPS. The firm’s revenue for the quarter was up 6.7% on a year-over-year basis. As a group, sell-side analysts forecast that Cintas Co. will post 8.57 earnings per share for the current fiscal year.

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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Institutional Ownership by Quarter for Cintas (NASDAQ:CTAS)

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