Charter Trust Co. lessened its position in shares of Cintas Co. (NASDAQ:CTAS) by 3.0% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,124 shares of the business services provider’s stock after selling 98 shares during the quarter. Charter Trust Co.’s holdings in Cintas were worth $541,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of the stock. State Street Corp increased its position in Cintas by 0.3% during the first quarter. State Street Corp now owns 3,874,721 shares of the business services provider’s stock valued at $671,179,000 after acquiring an additional 10,706 shares during the last quarter. FMR LLC increased its position in Cintas by 3.3% during the fourth quarter. FMR LLC now owns 3,382,672 shares of the business services provider’s stock valued at $910,209,000 after acquiring an additional 108,064 shares during the last quarter. Geode Capital Management LLC increased its position in Cintas by 10.9% during the fourth quarter. Geode Capital Management LLC now owns 1,559,970 shares of the business services provider’s stock valued at $419,027,000 after acquiring an additional 152,848 shares during the last quarter. Goldman Sachs Group Inc. increased its position in Cintas by 27.4% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,173,929 shares of the business services provider’s stock valued at $315,881,000 after acquiring an additional 252,634 shares during the last quarter. Finally, Norges Bank purchased a new stake in Cintas during the fourth quarter valued at $220,839,000. Institutional investors own 63.60% of the company’s stock.
CTAS has been the subject of a number of analyst reports. Royal Bank of Canada upped their price target on Cintas from $250.00 to $318.00 and gave the stock an “outperform” rating in a research report on Thursday. Morgan Stanley upped their price target on Cintas from $171.00 to $174.00 and gave the stock an “underweight” rating in a research report on Thursday, May 14th. Bank of America cut Cintas from a “buy” rating to a “neutral” rating and set a $255.00 price target for the company. in a research report on Wednesday, May 27th. They noted that the move was a valuation call. Stifel Nicolaus upped their price target on Cintas from $157.00 to $160.00 and gave the stock a “hold” rating in a research report on Thursday, May 14th. Finally, Credit Suisse Group upped their price target on Cintas from $200.00 to $205.00 and gave the stock a “neutral” rating in a research report on Thursday, May 14th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $243.45.
Shares of NASDAQ CTAS traded down $15.56 during mid-day trading on Thursday, reaching $262.62. The company’s stock had a trading volume of 14,632 shares, compared to its average volume of 831,521. The firm has a market capitalization of $27.80 billion, a PE ratio of 30.33, a P/E/G ratio of 4.51 and a beta of 1.44. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.34 and a quick ratio of 2.01. The stock has a fifty day moving average of $232.52 and a two-hundred day moving average of $248.06. Cintas Co. has a 52 week low of $154.33 and a 52 week high of $304.81.
Cintas (NASDAQ:CTAS) last announced its quarterly earnings results on Thursday, March 19th. The business services provider reported $2.16 EPS for the quarter, beating analysts’ consensus estimates of $2.02 by $0.14. Cintas had a return on equity of 30.73% and a net margin of 13.19%. The company had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.80 billion. During the same period in the prior year, the company earned $1.84 earnings per share. The firm’s revenue was up 7.6% on a year-over-year basis. Analysts anticipate that Cintas Co. will post 7.97 EPS for the current fiscal year.
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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