Marshall Wace North America L.P. lowered its stake in Cintas Corporation (NASDAQ:CTAS) by 9.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 410,097 shares of the business services provider’s stock after selling 41,692 shares during the period. Marshall Wace North America L.P. owned about 0.39% of Cintas Corporation worth $51,672,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the company. Teachers Advisors LLC increased its stake in Cintas Corporation by 4.6% in the fourth quarter. Teachers Advisors LLC now owns 98,790 shares of the business services provider’s stock valued at $11,416,000 after buying an additional 4,314 shares during the last quarter. Macquarie Group Ltd. increased its stake in Cintas Corporation by 99.0% in the fourth quarter. Macquarie Group Ltd. now owns 6,895 shares of the business services provider’s stock valued at $796,000 after buying an additional 3,431 shares during the last quarter. DnB Asset Management AS increased its stake in Cintas Corporation by 6.7% in the first quarter. DnB Asset Management AS now owns 11,148 shares of the business services provider’s stock valued at $1,411,000 after buying an additional 700 shares during the last quarter. Nisa Investment Advisors LLC increased its stake in Cintas Corporation by 0.9% in the first quarter. Nisa Investment Advisors LLC now owns 53,676 shares of the business services provider’s stock valued at $6,792,000 after buying an additional 480 shares during the last quarter. Finally, Huntington National Bank increased its stake in Cintas Corporation by 1.4% in the first quarter. Huntington National Bank now owns 4,086 shares of the business services provider’s stock valued at $517,000 after buying an additional 56 shares during the last quarter. 67.55% of the stock is owned by institutional investors.

Cintas Corporation (NASDAQ CTAS) opened at 132.61 on Monday. The company’s 50-day moving average is $131.07 and its 200 day moving average is $124.61. Cintas Corporation has a 12-month low of $102.07 and a 12-month high of $139.74. The stock has a market capitalization of $13.98 billion, a PE ratio of 30.23 and a beta of 0.84.

Cintas Corporation (NASDAQ:CTAS) last released its quarterly earnings data on Thursday, July 20th. The business services provider reported $0.75 earnings per share for the quarter, missing analysts’ consensus estimates of $1.05 by $0.30. The firm had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.53 billion. Cintas Corporation had a net margin of 8.90% and a return on equity of 23.38%. The firm’s revenue for the quarter was up 23.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.08 earnings per share. On average, equities research analysts expect that Cintas Corporation will post $5.23 earnings per share for the current fiscal year.

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CTAS has been the subject of several recent research reports. Zacks Investment Research raised shares of Cintas Corporation from a “hold” rating to a “buy” rating and set a $142.00 target price for the company in a research report on Friday, June 2nd. Instinet downgraded shares of Cintas Corporation from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $142.00 to $130.00 in a research report on Tuesday, June 27th. Nomura downgraded shares of Cintas Corporation from a “buy” rating to a “neutral” rating in a research report on Wednesday, June 28th. Stifel Nicolaus boosted their target price on shares of Cintas Corporation from $123.00 to $136.00 and gave the stock a “hold” rating in a research report on Friday, July 21st. Finally, Deutsche Bank AG set a $130.00 target price on shares of Cintas Corporation and gave the stock a “hold” rating in a research report on Friday, July 21st. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $133.42.

In other Cintas Corporation news, Director Gerald S. Adolph sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $133.69, for a total transaction of $267,380.00. Following the completion of the sale, the director now directly owns 13,135 shares in the company, valued at approximately $1,756,018.15. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO J. Michael Hansen sold 800 shares of the firm’s stock in a transaction dated Friday, August 11th. The shares were sold at an average price of $130.75, for a total transaction of $104,600.00. Following 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. 19.10% of the stock is currently owned by company insiders.

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.

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

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