Fieldpoint Private Securities LLC Maintains Stake in Cintas Corporation (CTAS)
Fieldpoint Private Securities LLC continued to hold its position in shares of Cintas Corporation (NASDAQ:CTAS) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,100 shares of the business services provider’s stock at the end of the 2nd quarter. Fieldpoint Private Securities LLC’s holdings in Cintas Corporation were worth $139,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also recently bought and sold shares of CTAS. Vanguard Group Inc. increased its holdings in shares of Cintas Corporation by 2.1% during the 2nd quarter. Vanguard Group Inc. now owns 9,266,612 shares of the business services provider’s stock worth $1,167,964,000 after buying an additional 191,507 shares during the last quarter. BlackRock Inc. raised its position in shares of Cintas Corporation by 2.2% during the 2nd quarter. BlackRock Inc. now owns 6,607,462 shares of the business services provider’s stock valued at $832,804,000 after buying an additional 142,118 shares during the period. State Street Corp raised its position in shares of Cintas Corporation by 1.1% during the 1st 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 during the period. FMR LLC raised its position in shares of Cintas Corporation by 20.3% during the 2nd quarter. FMR LLC now owns 1,705,533 shares of the business services provider’s stock valued at $214,965,000 after buying an additional 288,029 shares during the period. Finally, AQR Capital Management LLC lifted its holdings 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 acquiring an additional 30,228 shares during the last quarter. 64.76% of the stock is owned by institutional investors and hedge funds.
In other Cintas Corporation 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 transaction, the chief financial officer now owns 54,370 shares in the company, valued at approximately $7,108,877.50. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Gerald S. Adolph sold 2,000 shares of the business’s 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 sale, the director now directly owns 13,135 shares of the company’s stock, valued at $1,756,018.15. The disclosure for this sale can be found here. Company insiders own 18.90% of the company’s stock.
Shares of Cintas Corporation (NASDAQ CTAS) traded up 0.48% during midday trading on Monday, hitting $144.97. The stock had a trading volume of 234,636 shares. Cintas Corporation has a 12-month low of $102.07 and a 12-month high of $145.04. The stock has a 50-day moving average price of $133.77 and a 200-day moving average price of $127.29. The stock has a market cap of $15.39 billion, a P/E ratio of 28.42 and a beta of 0.86.
Cintas Corporation (NASDAQ:CTAS) last released its earnings results on Tuesday, September 26th. The business services provider reported $1.48 earnings per share (EPS) 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 23.71%. The firm had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.57 billion. During the same period in the previous year, the firm earned $1.26 earnings per share. Cintas Corporation’s revenue was up 27.2% compared to the same quarter last year. Equities analysts forecast that Cintas Corporation will post $5.35 earnings per share for the current year.
Several research analysts recently weighed in on the company. Zacks Investment Research upgraded Cintas Corporation from a “hold” rating to a “buy” rating and set a $141.00 price objective for the company in a research report on Monday, July 10th. Robert W. Baird set a $152.00 target price on Cintas Corporation and gave the stock a “buy” rating in a research note on Thursday, August 24th. BidaskClub upgraded Cintas Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, August 23rd. Royal Bank Of Canada restated a “hold” rating and issued a $130.00 target price on shares of Cintas Corporation in a research report on Friday, July 21st. Finally, Deutsche Bank AG set a $130.00 target price on Cintas Corporation and gave the company a “hold” rating in a research report on Friday, July 21st. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $140.70.
Cintas Corporation 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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