Legal & General Group Plc boosted its stake in Cintas Corporation (NASDAQ:CTAS) by 7.8% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 507,225 shares of the business services provider’s stock after buying an additional 36,909 shares during the period. Legal & General Group Plc owned about 0.48% of Cintas Corporation worth $63,927,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Rehmann Capital Advisory Group boosted its position 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 valued at $211,000 after buying an additional 10 shares in the last quarter. Alps Advisors Inc. boosted its position in Cintas Corporation by 0.3% in the second quarter. Alps Advisors Inc. now owns 4,043 shares of the business services provider’s stock valued at $510,000 after buying an additional 11 shares in the last quarter. Bronfman E.L. Rothschild L.P. boosted its position 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 valued at $235,000 after buying an additional 13 shares in the last quarter. Lincoln National Corp boosted its position 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 valued at $234,000 after buying an additional 14 shares in the last quarter. Finally, Gateway Investment Advisers LLC boosted its position 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 valued at $775,000 after buying an additional 23 shares in the last quarter. Hedge funds and other institutional investors own 67.55% of the company’s stock.

Shares of Cintas Corporation (CTAS) opened at 133.82 on Friday. Cintas Corporation has a 1-year low of $102.07 and a 1-year high of $139.74. The firm has a market cap of $14.11 billion, a price-to-earnings ratio of 30.50 and a beta of 0.84. The company has a 50 day moving average of $132.10 and a 200 day moving average of $125.28.

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 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 company posted $1.08 EPS. The business’s quarterly revenue was up 23.1% on a year-over-year basis. On average, equities analysts forecast that Cintas Corporation will post $5.23 earnings per share for the current fiscal year.

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Several research firms have recently commented on CTAS. BidaskClub upgraded shares of Cintas Corporation from a “sell” rating to a “hold” rating in a report on Wednesday. Zacks Investment Research cut shares of Cintas Corporation from a “buy” rating to a “hold” rating in a report on Monday, June 5th. Morgan Stanley restated an “underweight” rating and set a $117.00 price target (up from $107.00) on shares of Cintas Corporation in a report on Tuesday, July 25th. Nomura cut shares of Cintas Corporation from a “buy” rating to a “neutral” rating in a report on Wednesday, June 28th. Finally, Stifel Nicolaus boosted their price target on shares of Cintas Corporation from $123.00 to $136.00 and gave the company a “hold” rating in a report on Friday, July 21st. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the company. Cintas Corporation currently has an average rating of “Hold” and an average price target of $135.40.

In other Cintas Corporation news, CFO J. Michael Hansen sold 800 shares of the company’s stock in a transaction on Friday, August 11th. The shares were sold at an average price of $130.75, for a total transaction of $104,600.00. Following the transaction, the chief financial officer now owns 54,370 shares in the company, valued at $7,108,877.50. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Gerald S. Adolph sold 2,000 shares of the company’s stock in a transaction 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 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.

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

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