Liberty Capital Management Inc. boosted its stake in Cintas Corporation (NASDAQ:CTAS) by 2.4% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 10,198 shares of the business services provider’s stock after buying an additional 240 shares during the period. Liberty Capital Management Inc.’s holdings in Cintas Corporation were worth $1,283,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in CTAS. Parallel Advisors LLC raised its position in shares of Cintas Corporation by 19.4% in the first quarter. Parallel Advisors LLC now owns 862 shares of the business services provider’s stock worth $104,000 after buying an additional 140 shares during the last quarter. YorkBridge Wealth Partners LLC increased its stake in shares of 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 during the period. Van ECK Associates Corp increased its stake in shares of 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 during the period. Global X Management Co. LLC increased its stake in shares of 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 during the period. Finally, Marble Harbor Investment Counsel LLC bought a new stake in shares of 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 stock has a market cap of $14.18 billion, a PE ratio of 30.65 and a beta of 0.84. Cintas Corporation has a 1-year low of $102.07 and a 1-year high of $139.74. The stock has a 50 day moving average price of $129.35 and a 200 day moving average price of $123.13.

Cintas Corporation (NASDAQ:CTAS) last issued its earnings results on Thursday, July 20th. The business services provider reported $0.75 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.05 by $0.30. The firm had revenue of $1.53 billion during the quarter, compared to analysts’ expectations of $1.53 billion. Cintas Corporation had a return on equity of 23.38% and a net margin of 8.90%. The business’s revenue was up 23.1% on a year-over-year basis. During the same quarter last year, the business earned $1.08 EPS. On average, analysts predict that Cintas Corporation will post $5.23 EPS for the current fiscal year.

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A number of research analysts have issued reports on CTAS shares. Zacks Investment Research upgraded Cintas Corporation from a “hold” rating to a “buy” rating and set a $141.00 price objective for the company in a research note on Monday, July 10th. Royal Bank Of Canada restated a “hold” rating and issued a $130.00 price objective on shares of Cintas Corporation in a research note on Friday, July 21st. Deutsche Bank AG set a $130.00 price target on Cintas Corporation and gave the stock a “hold” rating in a research note on Friday, July 21st. Stifel Nicolaus increased their price objective on Cintas Corporation from $123.00 to $136.00 and gave the stock a “hold” rating in a report on Friday, July 21st. Finally, Nomura cut Cintas Corporation from a “buy” rating to a “neutral” rating in a report on Wednesday, June 28th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the stock. Cintas Corporation has an average rating of “Hold” and an average price target of $133.42.

Cintas Corporation Company Profile

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.

Institutional Ownership by Quarter for Cintas Corporation (NASDAQ:CTAS)

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