1,372 Shares in Cintas Corporation (NASDAQ:CTAS) Purchased by Brookwood Investment Group LLC

Key Points

• Brookwood Investment Group LLC invested approximately $282,000 in Cintas Corporation by acquiring 1,372 shares during the first quarter, according to a recent filing with the SEC.
• Director Martin Mucci increased their stake in Cintas by purchasing 1,200 shares at an average cost of $222.55 per share, representing an 84.45% increase in their position.
• Cintas reported $1.09 earnings per share (EPS) for the last quarter, exceeding analysts' expectations, and had a revenue of $2.67 billion, up 8.0% year-over-year.

Brookwood Investment Group LLC purchased a new position in shares of Cintas Corporation (NASDAQ:CTAS - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 1,372 shares of the business services provider's stock, valued at approximately $282,000.

A number of other hedge funds also recently modified their holdings of CTAS. Norges Bank bought a new stake in Cintas in the fourth quarter valued at $877,216,000. GAMMA Investing LLC increased its stake in Cintas by 19,644.3% in the first quarter. GAMMA Investing LLC now owns 2,263,091 shares of the business services provider's stock valued at $465,133,000 after purchasing an additional 2,251,629 shares in the last quarter. Winslow Capital Management LLC bought a new stake in Cintas in the fourth quarter valued at $196,057,000. Northern Trust Corp increased its stake in Cintas by 13.1% in the fourth quarter. Northern Trust Corp now owns 4,067,037 shares of the business services provider's stock valued at $743,048,000 after purchasing an additional 472,069 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its stake in Cintas by 26.7% in the fourth quarter. Ameriprise Financial Inc. now owns 2,228,609 shares of the business services provider's stock valued at $407,163,000 after purchasing an additional 468,950 shares in the last quarter. Institutional investors and hedge funds own 63.46% of the company's stock.

Insider Buying and Selling at Cintas

In related news, Director Martin Mucci bought 1,200 shares of the business's stock in a transaction dated Monday, July 21st. The shares were purchased at an average price of $222.55 per share, with a total value of $267,060.00. Following the purchase, the director owned 2,621 shares of the company's stock, valued at approximately $583,303.55. This trade represents a 84.45% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 15.00% of the company's stock.

Cintas Price Performance

Shares of NASDAQ:CTAS traded down $3.14 during trading on Monday, reaching $220.42. The company had a trading volume of 470,067 shares, compared to its average volume of 1,714,813. The company has a fifty day moving average of $221.44 and a two-hundred day moving average of $209.54. The stock has a market capitalization of $89.00 billion, a P/E ratio of 49.99, a price-to-earnings-growth ratio of 3.51 and a beta of 1.05. Cintas Corporation has a 12 month low of $180.78 and a 12 month high of $229.24. The company has a current ratio of 2.09, a quick ratio of 1.82 and a debt-to-equity ratio of 0.52.

Cintas (NASDAQ:CTAS - Get Free Report) last announced its quarterly earnings results on Thursday, July 17th. The business services provider reported $1.09 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.07 by $0.02. The business had revenue of $2.67 billion for the quarter, compared to analyst estimates of $2.63 billion. Cintas had a net margin of 17.53% and a return on equity of 41.21%. The company's revenue was up 8.0% on a year-over-year basis. During the same quarter last year, the firm earned $3.99 EPS. Equities research analysts forecast that Cintas Corporation will post 4.31 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on CTAS shares. Robert W. Baird boosted their target price on shares of Cintas from $227.00 to $230.00 and gave the stock a "neutral" rating in a research report on Friday, July 18th. Bank of America began coverage on shares of Cintas in a research report on Thursday, April 10th. They set a "buy" rating and a $250.00 target price for the company. The Goldman Sachs Group upped their price objective on shares of Cintas from $233.00 to $257.00 and gave the stock a "buy" rating in a research report on Wednesday, July 2nd. Argus raised shares of Cintas to a "strong-buy" rating in a research report on Wednesday, April 16th. Finally, UBS Group boosted their target price on shares of Cintas from $240.00 to $255.00 and gave the company a "buy" rating in a research note on Friday, July 18th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $224.54.

Cintas Profile

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.