Asset Advisors Investment Management LLC Has $34.49 Million Position in Cintas Corporation (NASDAQ:CTAS)

Asset Advisors Investment Management LLC reduced its stake in Cintas Corporation (NASDAQ:CTAS - Free Report) by 0.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 167,815 shares of the business services provider's stock after selling 1,521 shares during the period. Cintas makes up approximately 3.6% of Asset Advisors Investment Management LLC's holdings, making the stock its 6th largest holding. Asset Advisors Investment Management LLC's holdings in Cintas were worth $34,491,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Norges Bank bought a new stake in Cintas during the 4th quarter worth approximately $877,216,000. GAMMA Investing LLC lifted its holdings in Cintas by 19,644.3% during the 1st quarter. GAMMA Investing LLC now owns 2,263,091 shares of the business services provider's stock worth $465,133,000 after buying an additional 2,251,629 shares in the last quarter. Winslow Capital Management LLC acquired a new position in Cintas during the 4th quarter worth $196,057,000. Northern Trust Corp lifted its holdings in Cintas by 13.1% during the 4th quarter. Northern Trust Corp now owns 4,067,037 shares of the business services provider's stock worth $743,048,000 after buying an additional 472,069 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its holdings in Cintas by 26.7% during the 4th quarter. Ameriprise Financial Inc. now owns 2,228,609 shares of the business services provider's stock worth $407,163,000 after buying an additional 468,950 shares in the last quarter. 63.46% of the stock is currently owned by institutional investors.

Cintas Trading Up 0.0%

NASDAQ CTAS traded up $0.02 on Friday, reaching $221.94. The company had a trading volume of 2,528,220 shares, compared to its average volume of 1,665,913. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.09 and a quick ratio of 1.82. The business has a 50 day moving average of $220.99 and a two-hundred day moving average of $208.21. Cintas Corporation has a fifty-two week low of $180.78 and a fifty-two week high of $229.24. The firm has a market cap of $89.62 billion, a price-to-earnings ratio of 50.33, a P/E/G ratio of 3.50 and a beta of 1.05.

Cintas (NASDAQ:CTAS - Get Free Report) last released its quarterly earnings data 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 company had revenue of $2.67 billion for the quarter, compared to analysts' expectations of $2.63 billion. Cintas had a net margin of 17.53% and a return on equity of 41.21%. The business's revenue was up 8.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.99 EPS. Analysts forecast that Cintas Corporation will post 4.31 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Wells Fargo & Company raised Cintas from an "underweight" rating to an "equal weight" rating and increased their price target for the company from $196.00 to $221.00 in a research note on Tuesday, July 1st. UBS Group raised their price objective on Cintas from $240.00 to $255.00 and gave the stock a "buy" rating in a research note on Friday. Robert W. Baird raised their price objective on Cintas from $227.00 to $230.00 and gave the stock a "neutral" rating in a research note on Friday. Bank of America started coverage on Cintas in a research note on Thursday, April 10th. They set a "buy" rating and a $250.00 price objective on the stock. Finally, The Goldman Sachs Group raised their price objective on Cintas from $233.00 to $257.00 and gave the stock a "buy" rating in a research note on Wednesday, July 2nd. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $224.54.

Cintas Company 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.