Everence Capital Management Inc. acquired a new position in Cintas Co. (NASDAQ:CTAS) during the 4th quarter, Holdings Channel reports. The fund acquired 1,634 shares of the business services provider’s stock, valued at approximately $255,000.

Several other institutional investors have also added to or reduced their stakes in the stock. Gator Capital Management LLC purchased a new stake in shares of Cintas in the 4th quarter worth about $810,000. Aperio Group LLC boosted its position in shares of Cintas by 3.7% in the 4th quarter. Aperio Group LLC now owns 36,138 shares of the business services provider’s stock worth $5,631,000 after buying an additional 1,304 shares in the last quarter. Victory Capital Management Inc. boosted its position in shares of Cintas by 10.3% in the 4th quarter. Victory Capital Management Inc. now owns 18,227 shares of the business services provider’s stock worth $2,840,000 after buying an additional 1,704 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Cintas by 4.4% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 19,607 shares of the business services provider’s stock worth $3,055,000 after buying an additional 821 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its position in shares of Cintas by 61.1% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 941 shares of the business services provider’s stock worth $147,000 after buying an additional 357 shares in the last quarter. Institutional investors and hedge funds own 66.58% of the company’s stock.

In other Cintas news, insider James Phillip Holloman sold 12,386 shares of the company’s stock in a transaction dated Friday, January 12th. The shares were sold at an average price of $160.92, for a total value of $1,993,155.12. Following the transaction, the insider now directly owns 141,328 shares in the company, valued at approximately $22,742,501.76. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 18.90% of the stock is currently owned by corporate insiders.

Cintas Co. (NASDAQ:CTAS) opened at $156.60 on Thursday. The stock has a market cap of $16,649.53, a PE ratio of 30.78, a price-to-earnings-growth ratio of 2.39 and a beta of 0.91. 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 1-year low of $113.79 and a 1-year high of $169.96.

Cintas (NASDAQ:CTAS) last released its earnings results on Thursday, December 21st. The business services provider reported $1.31 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.27 by $0.04. The company had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.59 billion. Cintas had a net margin of 9.23% and a return on equity of 23.23%. The firm’s quarterly revenue was up 26.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.15 EPS. equities research analysts predict that Cintas Co. will post 5.45 earnings per share for the current year.

CTAS has been the topic of several recent research reports. William Blair reiterated a “buy” rating on shares of Cintas in a research report on Monday, January 1st. JPMorgan Chase & Co. reiterated a “buy” rating and issued a $183.00 price objective on shares of Cintas in a research report on Friday, December 22nd. Zacks Investment Research upgraded shares of Cintas from a “hold” rating to a “buy” rating and set a $179.00 price objective on the stock in a research report on Tuesday, December 19th. BidaskClub upgraded shares of Cintas from a “sell” rating to a “hold” rating in a research report on Tuesday, December 5th. Finally, Royal Bank of Canada reiterated a “hold” rating and issued a $145.00 price objective on shares of Cintas in a research report on Monday, November 20th. 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 issued a strong buy rating to the company. Cintas currently has a consensus rating of “Hold” and a consensus price target of $155.91.

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About Cintas

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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