Sciencast Management LP Makes New Investment in Cintas Co. (NASDAQ:CTAS)

Sciencast Management LP purchased a new stake in shares of Cintas Co. (NASDAQ:CTAS) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 2,725 shares of the business services provider’s stock, valued at approximately $730,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. KMG Fiduciary Partners LLC purchased a new stake in Cintas in the second quarter valued at approximately $458,000. Alecta Pensionsforsakring Omsesidigt raised its position in Cintas by 208.4% in the first quarter. Alecta Pensionsforsakring Omsesidigt now owns 257,500 shares of the business services provider’s stock valued at $44,602,000 after purchasing an additional 174,000 shares during the period. Creative Planning grew its stake in shares of Cintas by 48.3% in the first quarter. Creative Planning now owns 8,728 shares of the business services provider’s stock worth $1,512,000 after acquiring an additional 2,844 shares in the last quarter. KBC Group NV grew its stake in shares of Cintas by 28.1% in the first quarter. KBC Group NV now owns 53,583 shares of the business services provider’s stock worth $9,282,000 after acquiring an additional 11,750 shares in the last quarter. Finally, Aigen Investment Management LP acquired a new position in shares of Cintas in the first quarter worth $505,000. 63.51% of the stock is currently owned by institutional investors.

A number of equities analysts recently commented on the stock. Bank of America downgraded shares of Cintas from a “buy” rating to a “neutral” rating and set a $255.00 target price for the company. in a research note on Wednesday, May 27th. They noted that the move was a valuation call. Credit Suisse Group boosted their price target on shares of Cintas from $200.00 to $205.00 and gave the company a “neutral” rating in a research report on Thursday, May 14th. Zacks Investment Research cut shares of Cintas from a “hold” rating to a “sell” rating and set a $240.00 target price for the company. in a report on Friday, May 15th. Oppenheimer reaffirmed a “hold” rating on shares of Cintas in a report on Sunday, July 26th. Finally, William Blair cut shares of Cintas from an “outperform” rating to a “market perform” rating in a report on Monday, April 6th. Two analysts have rated the stock with a sell rating, seven have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $263.70.

CTAS stock opened at $301.87 on Friday. The company’s 50 day simple moving average is $274.99 and its 200-day simple moving average is $251.04. The firm has a market capitalization of $31.24 billion, a PE ratio of 37.27, a P/E/G ratio of 3.85 and a beta of 1.44. Cintas Co. has a 12 month low of $154.33 and a 12 month high of $311.02. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.61 and a quick ratio of 2.15.

Cintas (NASDAQ:CTAS) last released its quarterly earnings results on Thursday, July 23rd. The business services provider reported $1.35 EPS for the quarter, beating the consensus estimate of $1.22 by $0.13. The business had revenue of $1.62 billion for the quarter, compared to analyst estimates of $1.56 billion. Cintas had a net margin of 12.36% and a return on equity of 27.57%. The company’s quarterly revenue was down 9.7% on a year-over-year basis. During the same period in the prior year, the business earned $2.07 earnings per share. As a group, sell-side analysts anticipate that Cintas Co. will post 8.14 earnings per share for the current 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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