Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its position in Cintas Corporation (NASDAQ:CTAS) by 0.1% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 27,381 shares of the business services provider’s stock after buying an additional 18 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in Cintas Corporation were worth $3,692,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. First Personal Financial Services boosted its stake 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 stake 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 stake 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 stake 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 stake 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. Hedge funds and other institutional investors own 67.55% of the company’s stock.

Shares of Cintas Corporation (NASDAQ:CTAS) opened at 133.82 on Friday. The firm has a 50-day moving average of $132.10 and a 200-day moving average of $125.28. The stock has a market cap of $14.11 billion, a P/E ratio of 30.50 and a beta of 0.84. Cintas Corporation has a 52-week low of $102.07 and a 52-week high of $139.74.

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 consensus estimate of $1.05 by $0.30. The company had revenue of $1.53 billion during 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 business’s revenue was up 23.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.08 EPS. 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 brokerages recently weighed in on CTAS. BidaskClub upgraded shares of Cintas Corporation from a “sell” rating to a “hold” rating in a report on Wednesday. Zacks Investment Research lowered shares of Cintas Corporation from a “buy” rating to a “hold” rating in a research note on Monday, June 5th. Morgan Stanley reaffirmed an “underweight” rating and issued a $117.00 price objective (up previously from $107.00) on shares of Cintas Corporation in a research note on Tuesday, July 25th. Nomura lowered shares of Cintas Corporation from a “buy” rating to a “neutral” rating in a research note on Wednesday, June 28th. Finally, Stifel Nicolaus raised their price objective on shares of Cintas Corporation from $123.00 to $136.00 and gave the stock a “hold” rating in a research note on Friday, July 21st. One analyst has rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the company. Cintas Corporation has a consensus rating of “Hold” and a consensus price target of $135.40.

In other news, CFO J. Michael Hansen sold 800 shares of Cintas Corporation stock in a transaction on Friday, August 11th. The shares were sold at an average price of $130.75, for a total value of $104,600.00. Following the completion of the sale, the chief financial officer now owns 54,370 shares in the company, valued at approximately $7,108,877.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Gerald S. Adolph sold 2,000 shares of Cintas Corporation stock in a transaction on 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 owns 13,135 shares of the company’s stock, valued at approximately $1,756,018.15. The disclosure for this sale can be found here. 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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