black and white Capital LP purchased a new stake in Cintas Corporation (NASDAQ:CTAS) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 130,000 shares of the business services provider’s stock, valued at approximately $16,385,000. Cintas Corporation makes up 3.3% of black and white Capital LP’s holdings, making the stock its 9th biggest position. black and white Capital LP owned 0.12% of Cintas Corporation at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in CTAS. First Personal Financial Services increased its position in Cintas Corporation by 0.8% during the 2nd quarter. First Personal Financial Services now owns 1,147 shares of the business services provider’s stock worth $145,000 after purchasing an additional 9 shares in the last quarter. Rehmann Capital Advisory Group boosted its stake in Cintas Corporation by 0.6% in the 2nd quarter. Rehmann Capital Advisory Group now owns 1,674 shares of the business services provider’s stock worth $211,000 after buying an additional 10 shares during the last quarter. QS Investors LLC boosted its stake in Cintas Corporation by 1.0% in the 2nd quarter. QS Investors LLC now owns 995 shares of the business services provider’s stock worth $125,000 after buying an additional 10 shares during the last quarter. Alps Advisors Inc. boosted its stake in Cintas Corporation by 0.3% in the 2nd quarter. Alps Advisors Inc. now owns 4,043 shares of the business services provider’s stock worth $510,000 after buying an additional 11 shares during the last quarter. Finally, D.A. Davidson & CO. boosted its stake in Cintas Corporation by 0.8% in the 2nd quarter. D.A. Davidson & CO. now owns 1,574 shares of the business services provider’s stock worth $198,000 after buying an additional 12 shares during the last quarter. Institutional investors and hedge funds own 64.76% of the company’s stock.

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Cintas Corporation (NASDAQ:CTAS) traded up 0.44% during trading on Friday, hitting $148.66. The stock had a trading volume of 158,819 shares. Cintas Corporation has a 12-month low of $102.07 and a 12-month high of $149.48. The company has a market cap of $15.78 billion, a P/E ratio of 29.14 and a beta of 0.86. The company has a 50 day moving average of $136.66 and a 200-day moving average of $129.10.

Cintas Corporation (NASDAQ:CTAS) last issued its earnings results on Tuesday, September 26th. The business services provider reported $1.48 earnings per share for the quarter, topping the consensus estimate of $1.30 by $0.18. Cintas Corporation had a return on equity of 23.71% and a net margin of 9.79%. The company had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.57 billion. During the same period in the prior year, the firm posted $1.26 EPS. The business’s revenue was up 27.2% compared to the same quarter last year. On average, equities analysts predict that Cintas Corporation will post $5.36 EPS for the current year.

A number of analysts have issued reports on CTAS shares. Zacks Investment Research raised Cintas Corporation from a “hold” rating to a “buy” rating and set a $141.00 price target on the stock in a research note on Monday, July 10th. Robert W. Baird set a $152.00 price target on Cintas Corporation and gave the stock a “buy” rating in a research note on Thursday, August 24th. BidaskClub raised Cintas Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, August 23rd. Royal Bank Of Canada reissued a “hold” rating and issued a $130.00 price target on shares of Cintas Corporation in a research note on Friday, July 21st. Finally, Deutsche Bank AG set a $130.00 price target on Cintas Corporation and gave the stock a “hold” rating in a research note on Friday, July 21st. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $141.33.

In other news, Director Gerald S. Adolph sold 2,000 shares of the company’s stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $133.69, for a total transaction of $267,380.00. Following the completion of the sale, the director now 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 is accessible through this hyperlink. Also, CFO J. Michael Hansen sold 800 shares of the company’s stock in a transaction dated Friday, August 11th. The stock was sold at an average price of $130.75, for a total value 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 disclosure for this sale can be found here. Corporate insiders own 18.90% of the company’s stock.

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.

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

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