KBC Group NV cut its stake in shares of Cintas Corporation (NASDAQ:CTAS) by 42.7% during the second quarter, according to its most recent filing with the SEC. The firm owned 15,879 shares of the business services provider’s stock after selling 11,854 shares during the period. KBC Group NV’s holdings in Cintas Corporation were worth $2,001,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in Cintas Corporation by 1.2% in the first quarter. Vanguard Group Inc. now owns 9,075,105 shares of the business services provider’s stock valued at $1,148,365,000 after buying an additional 104,454 shares in the last quarter. BlackRock Inc. boosted its position in Cintas Corporation by 1,737.2% in the first quarter. BlackRock Inc. now owns 6,465,344 shares of the business services provider’s stock valued at $818,121,000 after buying an additional 6,113,425 shares in the last quarter. State Street Corp boosted its position in Cintas Corporation by 1.1% in the first quarter. State Street Corp now owns 4,900,672 shares of the business services provider’s stock valued at $620,135,000 after buying an additional 51,747 shares in the last quarter. AQR Capital Management LLC boosted its position in Cintas Corporation by 2.0% in the first quarter. AQR Capital Management LLC now owns 1,512,980 shares of the business services provider’s stock valued at $191,452,000 after buying an additional 30,228 shares in the last quarter. Finally, FMR LLC boosted its position in Cintas Corporation by 23.1% in the first quarter. FMR LLC now owns 1,417,504 shares of the business services provider’s stock valued at $179,371,000 after buying an additional 265,971 shares in the last quarter. Institutional investors and hedge funds own 66.40% of the company’s stock.

Cintas Corporation (CTAS) opened at 133.86 on Tuesday. Cintas Corporation has a one year low of $102.07 and a one year high of $139.74. The company has a market cap of $14.11 billion, a PE ratio of 30.51 and a beta of 0.84. The firm’s 50-day moving average price is $132.10 and its 200-day moving average price is $125.28.

Cintas Corporation (NASDAQ:CTAS) last posted 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. 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 business’s revenue was up 23.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.08 earnings per share. On average, equities research analysts forecast that Cintas Corporation will post $5.23 earnings per share for the current fiscal year.

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Several equities analysts recently issued reports on CTAS shares. Zacks Investment Research cut Cintas Corporation from a “buy” rating to a “hold” rating in a report on Monday, August 7th. BidaskClub upgraded Cintas Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, August 23rd. Royal Bank Of Canada reiterated a “hold” rating and issued a $130.00 price target on shares of Cintas Corporation in a report on Friday, July 21st. Nomura cut Cintas Corporation from a “buy” rating to a “neutral” rating in a report on Wednesday, June 28th. Finally, Morgan Stanley reiterated an “underweight” rating and issued a $117.00 price target (up previously from $107.00) on shares of Cintas Corporation in a report on Tuesday, July 25th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the company. The stock presently 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 Cintas Corporation stock in a transaction that occurred 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 sale, the chief financial officer now directly owns 54,370 shares of the company’s stock, valued at approximately $7,108,877.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Gerald S. Adolph sold 2,000 shares of Cintas Corporation stock in a transaction that occurred 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 sale, the director now directly owns 13,135 shares in the company, valued at $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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