Bp Plc Has $7,057,000 Position in Cintas Corporation (CTAS)
Bp Plc maintained its stake in Cintas Corporation (NASDAQ:CTAS) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 56,000 shares of the business services provider’s stock at the end of the second quarter. Bp Plc owned about 0.05% of Cintas Corporation worth $7,057,000 as of its most recent SEC filing.
Other large investors have also bought and sold shares of the company. Parallel Advisors LLC increased its stake in Cintas Corporation by 19.4% in the first quarter. Parallel Advisors LLC now owns 862 shares of the business services provider’s stock valued at $104,000 after buying an additional 140 shares in the last quarter. YorkBridge Wealth Partners LLC increased its stake in Cintas Corporation by 11.6% in the first quarter. YorkBridge Wealth Partners LLC now owns 1,023 shares of the business services provider’s stock valued at $125,000 after buying an additional 106 shares in the last quarter. Van ECK Associates Corp increased its stake in Cintas Corporation by 8.1% in the first quarter. Van ECK Associates Corp now owns 1,214 shares of the business services provider’s stock valued at $154,000 after buying an additional 91 shares in the last quarter. Global X Management Co. LLC increased its stake in Cintas Corporation by 39.7% in the first quarter. Global X Management Co. LLC now owns 1,559 shares of the business services provider’s stock valued at $197,000 after buying an additional 443 shares in the last quarter. Finally, Marble Harbor Investment Counsel LLC purchased a new stake in Cintas Corporation during the first quarter valued at about $202,000. Institutional investors own 68.58% of the company’s stock.
Cintas Corporation (NASDAQ CTAS) opened at 134.45 on Tuesday. The firm has a market capitalization of $14.18 billion, a PE ratio of 30.65 and a beta of 0.84. The stock’s 50 day moving average price is $129.35 and its 200 day moving average price is $123.13. Cintas Corporation has a 52-week low of $102.07 and a 52-week high of $139.74.
Cintas Corporation (NASDAQ:CTAS) last released its quarterly earnings data on Thursday, July 20th. The business services provider reported $0.75 EPS for the quarter, missing the consensus estimate of $1.05 by $0.30. Cintas Corporation had a net margin of 8.90% and a return on equity of 23.38%. The company had revenue of $1.53 billion during the quarter, compared to analysts’ expectations of $1.53 billion. During the same period last year, the business earned $1.08 earnings per share. The company’s revenue for the quarter was up 23.1% compared to the same quarter last year. Analysts expect that Cintas Corporation will post $5.23 earnings per share for the current year.
Several research firms recently issued reports on CTAS. Zacks Investment Research downgraded Cintas Corporation from a “buy” rating to a “hold” rating in a report on Monday. BidaskClub downgraded Cintas Corporation from a “hold” rating to a “sell” rating in a report on Monday, July 31st. Morgan Stanley reiterated an “underweight” rating and issued a $117.00 price objective (up previously from $107.00) on shares of Cintas Corporation in a report on Tuesday, July 25th. Royal Bank Of Canada reiterated a “hold” rating and issued a $130.00 price objective on shares of Cintas Corporation in a report on Friday, July 21st. Finally, Deutsche Bank AG set a $130.00 price objective on Cintas Corporation and gave the company a “hold” rating in a report on Friday, July 21st. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the stock. Cintas Corporation presently has a consensus rating of “Hold” and a consensus target price of $133.42.
About Cintas Corporation
Cintas Corporation is a provider of corporate identity uniforms through rental and sales programs, as well as a provider of related business services, including entrance mats, restroom cleaning services and supplies, carpet and tile cleaning services, first aid and safety services and fire protection products and services.
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