Teachers Retirement System of The State of Kentucky increased its position in Cintas Corporation (NASDAQ:CTAS - Free Report) by 4.7% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,485 shares of the business services provider's stock after acquiring an additional 1,199 shares during the period. Teachers Retirement System of The State of Kentucky's holdings in Cintas were worth $5,443,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also modified their holdings of the company. Geode Capital Management LLC grew its holdings in shares of Cintas by 2.7% in the 4th quarter. Geode Capital Management LLC now owns 8,468,080 shares of the business services provider's stock worth $1,544,822,000 after acquiring an additional 219,809 shares during the period. Invesco Ltd. grew its holdings in shares of Cintas by 6.1% in the 4th quarter. Invesco Ltd. now owns 5,118,479 shares of the business services provider's stock worth $935,146,000 after acquiring an additional 296,059 shares during the period. Norges Bank purchased a new stake in Cintas in the 4th quarter valued at approximately $877,216,000. Northern Trust Corp lifted its stake in Cintas by 13.1% in the 4th quarter. Northern Trust Corp now owns 4,067,037 shares of the business services provider's stock valued at $743,048,000 after buying an additional 472,069 shares in the last quarter. Finally, Royal Bank of Canada lifted its stake in Cintas by 3.3% in the 4th quarter. Royal Bank of Canada now owns 3,655,835 shares of the business services provider's stock valued at $667,919,000 after buying an additional 115,268 shares in the last quarter. Institutional investors and hedge funds own 63.46% of the company's stock.
Wall Street Analyst Weigh In
A number of equities research analysts recently issued reports on the company. UBS Group upped their target price on Cintas from $240.00 to $255.00 and gave the company a "buy" rating in a research note on Friday. Robert W. Baird upped their target price on Cintas from $227.00 to $230.00 and gave the company a "neutral" rating in a research note on Friday. Argus raised Cintas to a "strong-buy" rating in a research note on Wednesday, April 16th. Wells Fargo & Company raised Cintas from an "underweight" rating to an "equal weight" rating and upped their target price for the company from $196.00 to $221.00 in a research note on Tuesday, July 1st. Finally, Redburn Atlantic lowered Cintas from a "neutral" rating to a "sell" rating and set a $171.00 target price on the stock. in a research note on Thursday, May 1st. Two research analysts have rated the stock with a sell rating, five have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Cintas has an average rating of "Hold" and a consensus price target of $224.54.
Get Our Latest Analysis on CTAS
Cintas Trading Down 0.3%
Shares of Cintas stock opened at $221.32 on Tuesday. The firm has a market cap of $89.37 billion, a PE ratio of 50.19, a P/E/G ratio of 3.50 and a beta of 1.05. The company has a quick ratio of 1.82, a current ratio of 2.09 and a debt-to-equity ratio of 0.52. The business's fifty day moving average is $220.99 and its two-hundred day moving average is $208.40. Cintas Corporation has a fifty-two week low of $180.78 and a fifty-two week high of $229.24.
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. The business had revenue of $2.67 billion during the quarter, compared to the consensus estimate of $2.63 billion. Cintas had a return on equity of 41.21% and a net margin of 17.53%. The business's revenue for the quarter was up 8.0% on a year-over-year basis. During the same period in the prior year, the firm posted $3.99 EPS. Analysts anticipate that Cintas Corporation will post 4.31 earnings per share for the current year.
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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