BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp reduced its stake in Cintas Corporation (NASDAQ:CTAS) by 22.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 31,479 shares of the business services provider’s stock after selling 9,320 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Cintas Corporation were worth $3,968,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Rehmann Capital Advisory Group increased its stake in 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 in the last quarter. Bronfman E.L. Rothschild L.P. increased its stake in 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 in the last quarter. Lincoln National Corp increased its stake in 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 in the last quarter. Gateway Investment Advisers LLC increased its stake in Cintas Corporation by 0.4% in the second quarter. Gateway Investment Advisers LLC now owns 6,146 shares of the business services provider’s stock worth $775,000 after buying an additional 23 shares in the last quarter. Finally, Creative Planning increased its stake in Cintas Corporation by 0.4% in the second quarter. Creative Planning now owns 5,206 shares of the business services provider’s stock worth $656,000 after buying an additional 23 shares in the last quarter. Institutional investors own 67.55% of the company’s stock.

Cintas Corporation (CTAS) opened at 135.26 on Wednesday. The stock has a market capitalization of $14.26 billion, a PE ratio of 30.83 and a beta of 0.84. Cintas Corporation has a 52-week low of $102.07 and a 52-week high of $139.74. The stock’s 50 day moving average price is $131.29 and its 200-day moving average price is $124.88.

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

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A number of research firms have issued reports on CTAS. Royal Bank Of Canada restated a “hold” rating and set a $130.00 price target 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 company a “hold” rating in a research note on Friday, July 21st. Morgan Stanley restated an “underweight” rating and set a $117.00 price target (up from $107.00) on shares of Cintas Corporation in a research note on Tuesday, July 25th. Zacks Investment Research downgraded Cintas Corporation from a “buy” rating to a “hold” rating in a research note on Monday, August 7th. Finally, BidaskClub downgraded Cintas Corporation from a “hold” rating to a “sell” rating in a research note on Monday, July 31st. Two investment 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 has a consensus rating of “Hold” and a consensus price target of $133.42.

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

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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