AustralianSuper Pty Ltd lifted its holdings in Cintas Corporation (NASDAQ:CTAS - Free Report) by 66.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 860,382 shares of the business services provider's stock after acquiring an additional 344,328 shares during the period. Cintas accounts for approximately 1.0% of AustralianSuper Pty Ltd's holdings, making the stock its 20th biggest holding. AustralianSuper Pty Ltd owned 0.21% of Cintas worth $176,834,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in the business. Cyrus J. Lawrence LLC purchased a new position in Cintas in the fourth quarter worth $29,000. Meeder Asset Management Inc. increased its holdings in Cintas by 239.3% in the fourth quarter. Meeder Asset Management Inc. now owns 190 shares of the business services provider's stock valued at $35,000 after buying an additional 134 shares in the last quarter. Lee Danner & Bass Inc. purchased a new position in Cintas in the fourth quarter valued at $42,000. E Fund Management Hong Kong Co. Ltd. increased its stake in shares of Cintas by 646.4% during the first quarter. E Fund Management Hong Kong Co. Ltd. now owns 209 shares of the business services provider's stock worth $43,000 after purchasing an additional 181 shares in the last quarter. Finally, Washington Trust Advisors Inc. purchased a new stake in shares of Cintas during the first quarter worth about $46,000. Institutional investors own 63.46% of the company's stock.
Cintas Stock Up 0.0%
CTAS traded up $0.02 during trading on Friday, reaching $221.94. 2,528,220 shares of the stock were exchanged, compared to its average volume of 1,665,913. The stock has a market cap of $89.62 billion, a P/E ratio of 50.33, a price-to-earnings-growth ratio of 3.54 and a beta of 1.05. Cintas Corporation has a twelve month low of $180.78 and a twelve month high of $229.24. The stock's 50 day moving average price is $220.99 and its two-hundred day moving average price is $208.21. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.50 and a current ratio of 2.09.
Cintas (NASDAQ:CTAS - Get Free Report) last released its quarterly earnings data on Thursday, July 17th. The business services provider reported $1.09 EPS for the quarter, topping analysts' consensus estimates of $1.07 by $0.02. Cintas had a net margin of 17.53% and a return on equity of 41.21%. The firm had revenue of $2.67 billion during the quarter, compared to analysts' expectations of $2.63 billion. During the same period in the previous year, the business posted $3.99 earnings per share. The company's revenue for the quarter was up 8.0% compared to the same quarter last year. Equities analysts expect that Cintas Corporation will post 4.31 EPS for the current year.
Wall Street Analysts Forecast Growth
A number of equities analysts recently weighed in on CTAS shares. Morgan Stanley increased their price objective on shares of Cintas from $213.00 to $220.00 and gave the stock an "equal weight" rating in a research report on Friday. Bank of America assumed coverage on shares of Cintas in a research report on Thursday, April 10th. They set a "buy" rating and a $250.00 price objective on the stock. The Goldman Sachs Group lifted their target price on shares of Cintas from $233.00 to $257.00 and gave the company a "buy" rating in a report on Wednesday, July 2nd. Robert W. Baird lifted their target price on shares of Cintas from $227.00 to $230.00 and gave the company a "neutral" rating in a report on Friday. Finally, JPMorgan Chase & Co. started coverage on shares of Cintas in a report on Monday, July 14th. They set an "overweight" rating and a $239.00 price objective on the stock. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Cintas presently has an average rating of "Hold" and a consensus target price of $222.75.
Check Out Our Latest Stock Report on Cintas
About Cintas
(
Free Report)
Cintas Corporation engages in the provision of corporate identity uniforms and related business services primarily in the United States, Canada, and Latin America. It operates through Uniform Rental and Facility Services, First Aid and Safety Services, and All Other 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, as well as sells uniforms.
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