Cintas Corporation (CTAS) Shares Bought by Junto Capital Management LP
Junto Capital Management LP boosted its holdings in Cintas Corporation (NASDAQ:CTAS) by 20.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 566,680 shares of the business services provider’s stock after acquiring an additional 96,400 shares during the quarter. Cintas Corporation accounts for about 6.3% of Junto Capital Management LP’s investment portfolio, making the stock its 3rd biggest position. Junto Capital Management LP owned about 0.54% of Cintas Corporation worth $71,424,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of CTAS. BlackRock Inc. increased its stake 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 acquiring an additional 6,113,425 shares during the period. MARSHALL WACE ASIA Ltd bought a new stake in Cintas Corporation in the first quarter valued at about $57,378,000. Marshall Wace North America L.P. bought a new stake in Cintas Corporation in the first quarter valued at about $57,378,000. Artisan Partners Limited Partnership increased its stake in Cintas Corporation by 34.4% in the first quarter. Artisan Partners Limited Partnership now owns 1,304,321 shares of the business services provider’s stock valued at $165,049,000 after acquiring an additional 333,957 shares during the period. Finally, Morgan Stanley increased its stake in Cintas Corporation by 128.7% in the first quarter. Morgan Stanley now owns 535,838 shares of the business services provider’s stock valued at $67,804,000 after acquiring an additional 301,551 shares during the period. 64.76% of the stock is currently owned by institutional investors and hedge funds.
CTAS has been the topic of a number of analyst reports. Zacks Investment Research raised shares of Cintas Corporation from a “hold” rating to a “buy” rating and set a $141.00 target price on the stock in a research note on Monday, July 10th. Robert W. Baird set a $152.00 price target on shares of Cintas Corporation and gave the company a “buy” rating in a research report on Thursday, August 24th. Royal Bank Of Canada restated a “hold” rating and issued a $130.00 price target on shares of Cintas Corporation in a research report on Friday, July 21st. Deutsche Bank AG set a $130.00 price target on shares of Cintas Corporation and gave the company a “hold” rating in a research report on Friday, July 21st. 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 research report on Friday, July 21st. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company’s stock. Cintas Corporation currently has a consensus rating of “Hold” and an average price target of $140.70.
In related news, 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 transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, 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 owns 54,370 shares in the company, valued at $7,108,877.50. The disclosure for this sale can be found here. 18.90% of the stock is owned by company insiders.
Shares of Cintas Corporation (NASDAQ:CTAS) traded down 1.26% during trading on Thursday, hitting $142.20. 361,984 shares of the stock were exchanged. The firm has a 50 day moving average price of $133.77 and a 200 day moving average price of $127.29. The firm has a market capitalization of $15.10 billion, a P/E ratio of 27.88 and a beta of 0.85. Cintas Corporation has a 52 week low of $102.07 and a 52 week high of $143.86.
Cintas Corporation (NASDAQ:CTAS) last posted its quarterly earnings results on Tuesday, September 26th. The business services provider reported $1.48 earnings per share for the quarter, beating analysts’ consensus estimates of $1.30 by $0.18. Cintas Corporation had a net margin of 9.79% and a return on equity of 24.79%. The company had revenue of $1.61 billion for the quarter, compared to the consensus estimate of $1.57 billion. During the same period last year, the company posted $1.26 EPS. The firm’s quarterly revenue was up 27.2% compared to the same quarter last year. Analysts forecast that Cintas Corporation will post $5.21 EPS for the current fiscal 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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