TRUE Private Wealth Advisors purchased a new stake in shares of Cintas Co. (NASDAQ:CTAS) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,487 shares of the business services provider’s stock, valued at approximately $387,000.

Several other institutional investors and hedge funds have also recently modified their holdings of CTAS. Janus Henderson Group PLC lifted its stake in shares of Cintas by 10,719.0% during the second quarter. Janus Henderson Group PLC now owns 1,113,279 shares of the business services provider’s stock valued at $140,318,000 after acquiring an additional 1,102,989 shares during the period. Point72 Asset Management L.P. acquired a new position in shares of Cintas during the third quarter valued at $61,754,000. Artisan Partners Limited Partnership lifted its stake in shares of Cintas by 29.1% during the third quarter. Artisan Partners Limited Partnership now owns 1,771,864 shares of the business services provider’s stock valued at $255,645,000 after acquiring an additional 398,874 shares during the period. FMR LLC lifted its stake in shares of Cintas by 20.3% during the second quarter. FMR LLC now owns 1,705,533 shares of the business services provider’s stock valued at $214,965,000 after acquiring an additional 288,029 shares during the period. Finally, Renaissance Technologies LLC lifted its stake in shares of Cintas by 412.4% during the second quarter. Renaissance Technologies LLC now owns 341,068 shares of the business services provider’s stock valued at $42,988,000 after acquiring an additional 274,500 shares during the period. 66.64% of the stock is currently owned by institutional investors and hedge funds.

In other Cintas news, insider James Phillip Holloman sold 12,386 shares of the stock in a transaction dated Friday, January 12th. The stock was sold at an average price of $160.92, for a total value of $1,993,155.12. Following the completion of the sale, the insider now directly owns 141,328 shares in the company, valued at $22,742,501.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 18.90% of the company’s stock.

CTAS has been the topic of several research reports. Zacks Investment Research raised Cintas from a “hold” rating to a “buy” rating and set a $179.00 price target on the stock in a research note on Tuesday, December 19th. Robert W. Baird reaffirmed an “outperform” rating and set a $185.00 price target (up previously from $165.00) on shares of Cintas in a research note on Friday, December 22nd. Royal Bank of Canada reiterated a “hold” rating and issued a $145.00 price objective on shares of Cintas in a report on Monday, November 20th. William Blair reiterated a “buy” rating on shares of Cintas in a report on Tuesday, December 26th. Finally, KeyCorp reiterated an “overweight” rating and issued a $174.00 price objective (up previously from $148.00) on shares of Cintas in a report on Tuesday, December 19th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $153.73.

Shares of Cintas Co. (NASDAQ:CTAS) opened at $164.06 on Friday. The company has a market capitalization of $17,680.00, a PE ratio of 36.70, a P/E/G ratio of 2.48 and a beta of 0.87. The company has a quick ratio of 1.53, a current ratio of 1.77 and a debt-to-equity ratio of 0.99. Cintas Co. has a fifty-two week low of $112.96 and a fifty-two week high of $164.17.

Cintas (NASDAQ:CTAS) last released its quarterly earnings data on Thursday, December 21st. The business services provider reported $1.31 EPS for the quarter, beating analysts’ consensus estimates of $1.27 by $0.04. The business had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.59 billion. Cintas had a return on equity of 23.23% and a net margin of 9.23%. The firm’s revenue was up 26.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.15 earnings per share. equities analysts expect that Cintas Co. will post 5.44 EPS for the current fiscal year.

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Cintas 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 (NASDAQ:CTAS)

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