Douglass Winthrop Advisors LLC acquired a new 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 acquired 2,600 shares of the business services provider’s stock, valued at approximately $328,000.

Several other large investors have also bought and sold shares of CTAS. First Personal Financial Services boosted its position in shares of Cintas Corporation by 0.8% in the second quarter. First Personal Financial Services now owns 1,147 shares of the business services provider’s stock worth $145,000 after buying an additional 9 shares during the last quarter. Rehmann Capital Advisory Group boosted its position in shares of Cintas Corporation by 0.6% in the second quarter. Rehmann Capital Advisory Group now owns 1,674 shares of the business services provider’s stock worth $211,000 after buying an additional 10 shares during the last quarter. Alps Advisors Inc. boosted its position in shares of Cintas Corporation by 0.3% in the second quarter. Alps Advisors Inc. now owns 4,043 shares of the business services provider’s stock worth $510,000 after buying an additional 11 shares during the last quarter. Bronfman E.L. Rothschild L.P. boosted its position in shares of Cintas Corporation by 0.7% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 1,861 shares of the business services provider’s stock worth $235,000 after buying an additional 13 shares during the last quarter. Finally, Lincoln National Corp boosted its position in shares of Cintas Corporation by 0.8% in the first quarter. Lincoln National Corp now owns 1,845 shares of the business services provider’s stock worth $234,000 after buying an additional 14 shares during the last quarter. Institutional investors and hedge funds own 67.55% of the company’s stock.

Cintas Corporation (NASDAQ CTAS) opened at 132.61 on Friday. Cintas Corporation has a 52-week low of $102.07 and a 52-week high of $139.74. The stock has a market capitalization of $13.98 billion, a price-to-earnings ratio of 30.23 and a beta of 0.84. The firm has a 50-day moving average price of $131.07 and a 200 day moving average price of $124.61.

Cintas Corporation (NASDAQ:CTAS) last issued its quarterly earnings data 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 business had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.53 billion. Cintas Corporation had a return on equity of 23.38% and a net margin of 8.90%. The company’s revenue for the quarter was up 23.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.08 earnings per share. On average, equities research analysts predict that Cintas Corporation will post $5.23 EPS for the current year.

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A number of brokerages recently weighed in on CTAS. Zacks Investment Research cut Cintas Corporation from a “buy” rating to a “hold” rating in a report on Monday, June 5th. BidaskClub cut 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 target price (up previously from $107.00) on shares of Cintas Corporation in a report on Tuesday, July 25th. Nomura cut Cintas Corporation from a “buy” rating to a “neutral” rating in a report on Wednesday, June 28th. Finally, Stifel Nicolaus lifted their target price on Cintas Corporation from $123.00 to $136.00 and gave the company a “hold” rating in a report on Friday, July 21st. Two equities 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 company’s stock. Cintas Corporation currently has a consensus rating of “Hold” and an average price target of $133.42.

In related news, Director Gerald S. Adolph sold 2,000 shares of the company’s stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $133.69, for a total value of $267,380.00. Following the completion of the sale, the director now directly owns 13,135 shares in the company, valued at $1,756,018.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO J. Michael Hansen sold 800 shares of the company’s stock in a transaction on Friday, August 11th. The stock was sold at an average price of $130.75, for a total transaction of $104,600.00. Following the completion of the sale, the chief financial officer now owns 54,370 shares of the company’s stock, valued at $7,108,877.50. The disclosure for this sale can be found here. Corporate insiders own 19.10% of the company’s stock.

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.

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

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