State of Tennessee Treasury Department decreased its holdings in Cintas Corporation (NASDAQ:CTAS) by 39.1% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 43,621 shares of the business services provider’s stock after selling 28,004 shares during the period. State of Tennessee Treasury Department’s holdings in Cintas Corporation were worth $5,498,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. 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 acquiring an additional 14 shares during the period. 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 acquiring an additional 13 shares during the period. Fifth Third Bancorp boosted its stake in shares of Cintas Corporation by 27.5% in the first quarter. Fifth Third Bancorp now owns 81,484 shares of the business services provider’s stock worth $10,311,000 after acquiring an additional 17,567 shares during the period. FMR LLC boosted its stake in shares of Cintas Corporation by 23.1% in the first quarter. FMR LLC now owns 1,417,504 shares of the business services provider’s stock worth $179,371,000 after acquiring an additional 265,971 shares during the period. Finally, Janney Montgomery Scott LLC boosted its stake in shares of Cintas Corporation by 5.7% in the first quarter. Janney Montgomery Scott LLC now owns 3,692 shares of the business services provider’s stock worth $467,000 after acquiring an additional 198 shares during the period. 66.42% of the stock is owned by hedge funds and other institutional investors.

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In other news, CFO J. Michael Hansen sold 800 shares of Cintas Corporation stock in a transaction that occurred 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 sale, the chief financial officer now owns 54,370 shares of the company’s stock, valued at approximately $7,108,877.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 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 transaction of $267,380.00. Following the sale, the director now directly owns 13,135 shares in the company, 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.

A number of equities analysts have recently weighed in on the company. Zacks Investment Research lowered Cintas Corporation from a “buy” rating to a “hold” rating in a research note on Monday, August 7th. BidaskClub lowered Cintas Corporation from a “hold” rating to a “sell” rating in a research note on Monday, July 31st. Robert W. Baird set a $152.00 target price on Cintas Corporation and gave the stock a “buy” rating in a research report on Thursday, August 24th. Stifel Nicolaus boosted their target price on Cintas Corporation from $123.00 to $136.00 and gave the stock a “hold” rating in a research report on Friday, July 21st. Finally, Morgan Stanley reiterated an “underweight” rating and issued a $117.00 target price (up from $107.00) on shares of Cintas Corporation in a research report on Tuesday, July 25th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $135.40.

Shares of Cintas Corporation (CTAS) opened at 133.72 on Monday. The stock has a market capitalization of $14.10 billion, a P/E ratio of 30.48 and a beta of 0.85. The firm’s 50-day moving average price is $134.18 and its 200-day moving average price is $126.36. Cintas Corporation has a 12 month low of $102.07 and a 12 month high of $139.74.

Cintas Corporation (NASDAQ:CTAS) last posted its quarterly earnings data 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. The firm had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.53 billion. Cintas Corporation had a return on equity of 23.38% and a net margin of 8.90%. The company’s quarterly revenue was up 23.1% on a year-over-year basis. During the same quarter 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 EPS for the current year.

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.

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

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