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.

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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.

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

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