Crossmark Global Holdings Inc. Boosts Holdings in Cintas Co. (NASDAQ:CTAS)

Crossmark Global Holdings Inc. raised its holdings in Cintas Co. (NASDAQ:CTAS) by 21.7% in the 4th quarter, Holdings Channel reports. The institutional investor owned 13,581 shares of the business services provider’s stock after acquiring an additional 2,421 shares during the period. Crossmark Global Holdings Inc.’s holdings in Cintas were worth $3,654,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. BlackRock Inc. lifted its stake in shares of Cintas by 2.3% in the 2nd quarter. BlackRock Inc. now owns 5,741,865 shares of the business services provider’s stock valued at $1,362,486,000 after purchasing an additional 129,625 shares in the last quarter. Stifel Financial Corp lifted its stake in shares of Cintas by 1.8% in the 3rd quarter. Stifel Financial Corp now owns 392,896 shares of the business services provider’s stock valued at $105,379,000 after purchasing an additional 6,958 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its stake in shares of Cintas by 19.7% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 283,494 shares of the business services provider’s stock valued at $76,282,000 after purchasing an additional 46,657 shares in the last quarter. CIBC Private Wealth Group LLC lifted its stake in shares of Cintas by 8.1% in the 4th quarter. CIBC Private Wealth Group LLC now owns 276,971 shares of the business services provider’s stock valued at $74,527,000 after purchasing an additional 20,669 shares in the last quarter. Finally, California Public Employees Retirement System lifted its stake in shares of Cintas by 23.7% in the 3rd quarter. California Public Employees Retirement System now owns 214,185 shares of the business services provider’s stock valued at $57,423,000 after purchasing an additional 41,008 shares in the last quarter. Institutional investors own 65.75% of the company’s stock.

Cintas stock opened at $300.88 on Friday. The stock’s 50 day moving average price is $280.63 and its 200 day moving average price is $266.30. The firm has a market capitalization of $30.93 billion, a PE ratio of 35.40, a price-to-earnings-growth ratio of 3.25 and a beta of 0.99. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.65 and a current ratio of 1.92. Cintas Co. has a one year low of $191.91 and a one year high of $301.24.

Cintas (NASDAQ:CTAS) last posted its quarterly earnings data on Tuesday, December 17th. The business services provider reported $2.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.03 by $0.24. Cintas had a return on equity of 30.04% and a net margin of 12.99%. The company had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.82 billion. During the same period in the previous year, the business earned $1.76 EPS. Cintas’s revenue for the quarter was up 7.3% compared to the same quarter last year. On average, analysts forecast that Cintas Co. will post 8.79 earnings per share for the current fiscal year.

Cintas announced that its board has initiated a stock repurchase program on Tuesday, October 29th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the business services provider to repurchase up to 3.5% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s leadership believes its shares are undervalued.

CTAS has been the topic of several research analyst reports. JPMorgan Chase & Co. lifted their price objective on Cintas from $283.00 to $300.00 and gave the company an “overweight” rating in a research note on Wednesday, December 18th. Bank of America raised Cintas from a “neutral” rating to a “buy” rating in a research note on Friday, January 3rd. Morgan Stanley lifted their price objective on Cintas from $223.00 to $235.00 and gave the company an “underweight” rating in a research note on Wednesday, December 18th. Robert W. Baird reaffirmed a “buy” rating and issued a $300.00 price objective on shares of Cintas in a research note on Wednesday, November 13th. Finally, Jefferies Financial Group initiated coverage on Cintas in a research note on Wednesday, November 27th. They issued a “buy” rating and a $308.00 price objective on the stock. One analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $274.18.

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.

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Institutional Ownership by Quarter for Cintas (NASDAQ:CTAS)

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