Scott & Selber Inc. reduced its stake in shares of Cintas Co. (NASDAQ:CTAS) by 23.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,650 shares of the business services provider’s stock after selling 500 shares during the quarter. Scott & Selber Inc.’s holdings in Cintas were worth $392,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of CTAS. FMR LLC raised its position in Cintas by 21.2% in the first quarter. FMR LLC now owns 2,722,998 shares of the business services provider’s stock worth $550,345,000 after acquiring an additional 475,757 shares in the last quarter. American Century Companies Inc. raised its position in Cintas by 2.0% in the first quarter. American Century Companies Inc. now owns 1,196,294 shares of the business services provider’s stock worth $241,783,000 after acquiring an additional 23,786 shares in the last quarter. Geode Capital Management LLC raised its position in Cintas by 6.0% in the fourth quarter. Geode Capital Management LLC now owns 1,168,562 shares of the business services provider’s stock worth $195,972,000 after acquiring an additional 66,402 shares in the last quarter. Northern Trust Corp raised its position in Cintas by 0.4% in the first quarter. Northern Trust Corp now owns 1,029,149 shares of the business services provider’s stock worth $208,002,000 after acquiring an additional 4,236 shares in the last quarter. Finally, OppenheimerFunds Inc. raised its position in Cintas by 336.6% in the first quarter. OppenheimerFunds Inc. now owns 653,407 shares of the business services provider’s stock worth $132,061,000 after acquiring an additional 503,747 shares in the last quarter. Institutional investors and hedge funds own 68.31% of the company’s stock.

NASDAQ CTAS traded up $4.89 on Tuesday, hitting $266.29. 21,428 shares of the company were exchanged, compared to its average volume of 673,446. The company’s 50 day moving average price is $250.25. The company has a quick ratio of 1.69, a current ratio of 1.98 and a debt-to-equity ratio of 0.85. The company has a market cap of $27.00 billion, a price-to-earnings ratio of 35.01, a P/E/G ratio of 3.06 and a beta of 0.99. Cintas Co. has a twelve month low of $155.98 and a twelve month high of $266.56.

Cintas (NASDAQ:CTAS) last posted its quarterly earnings data on Tuesday, July 16th. The business services provider reported $2.07 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.94 by $0.13. The firm had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.78 billion. Cintas had a return on equity of 26.77% and a net margin of 12.80%. The business’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.77 EPS. Equities research analysts expect that Cintas Co. will post 8.45 earnings per share for the current fiscal year.

Several equities research analysts have commented on CTAS shares. Nomura boosted their price target on shares of Cintas from $217.00 to $248.00 and gave the stock a “neutral” rating in a research report on Monday, July 22nd. Bank of America boosted their price target on shares of Cintas from $261.00 to $287.00 and gave the stock a “buy” rating in a research report on Tuesday. Morgan Stanley boosted their price target on shares of Cintas from $184.00 to $202.00 and gave the stock an “underweight” rating in a research report on Wednesday, July 17th. Zacks Investment Research upgraded shares of Cintas from a “hold” rating to a “buy” rating and set a $273.00 price target on the stock in a research report on Thursday, July 18th. Finally, William Blair reiterated a “buy” rating on shares of Cintas in a research report on Thursday, June 20th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $241.44.

In other Cintas news, insider Michael Lawrence Thompson sold 4,888 shares of the business’s stock in a transaction dated Tuesday, July 23rd. The stock was sold at an average price of $260.79, for a total transaction of $1,274,741.52. Following the sale, the insider now owns 69,053 shares in the company, valued at approximately $18,008,331.87. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, VP Thomas E. Frooman sold 5,373 shares of the business’s stock in a transaction dated Tuesday, July 23rd. The stock was sold at an average price of $260.79, for a total value of $1,401,224.67. Following the sale, the vice president now owns 127,624 shares in the company, valued at approximately $33,283,062.96. The disclosure for this sale can be found here. 19.10% of the stock is currently owned by insiders.

Cintas Company Profile

Cintas Corporation provides corporate identity uniforms and related business services primarily in North America, Latin America, Europe, and Asia. It operates through Uniform Rental and Facility Services and First Aid and Safety Services segments. The company rents and services uniforms and other garments, including flame resistant clothing, mats, mops and shop towels, and other ancillary items; and provides restroom cleaning services and supplies, and carpet and tile cleaning services, as well as sells uniforms directly.

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Institutional Ownership by Quarter for Cintas (NASDAQ:CTAS)

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