Universal Beteiligungs und Servicegesellschaft mbH lifted its stake in shares of Cintas Corporation (NASDAQ:CTAS - Free Report) by 2.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 374,243 shares of the business services provider's stock after acquiring an additional 8,018 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned 0.09% of Cintas worth $76,918,000 as of its most recent SEC filing.
A number of other hedge funds also recently made changes to their positions in the company. Meeder Asset Management Inc. boosted 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 acquiring an additional 134 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. boosted its position in shares of Cintas by 646.4% during the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 209 shares of the business services provider's stock valued at $43,000 after purchasing an additional 181 shares in the last quarter. Washington Trust Advisors Inc. bought a new position in shares of Cintas in the first quarter valued at approximately $46,000. Olde Wealth Management LLC purchased a new position in shares of Cintas in the first quarter valued at $55,000. Finally, Physician Wealth Advisors Inc. purchased a new position in shares of Cintas in the 4th quarter worth about $59,000. Hedge funds and other institutional investors own 63.46% of the company's stock.
Wall Street Analysts Forecast Growth
A number of analysts recently issued reports on CTAS shares. The Goldman Sachs Group boosted their price target on Cintas from $233.00 to $257.00 and gave the company a "buy" rating in a report on Wednesday, July 2nd. Robert W. Baird increased their price target on Cintas from $227.00 to $230.00 and gave the stock a "neutral" rating in a research report on Friday. Morgan Stanley increased their target price on shares of Cintas from $213.00 to $220.00 and gave the stock an "equal weight" rating in a research note on Friday. JPMorgan Chase & Co. began coverage on shares of Cintas in a research note on Monday, July 14th. They issued an "overweight" rating and a $239.00 price target on the stock. Finally, Argus raised shares of Cintas to a "strong-buy" rating in a research note on Wednesday, April 16th. Two 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 issued a strong buy rating to the company. According to MarketBeat.com, Cintas currently has a consensus rating of "Hold" and a consensus price target of $224.54.
Read Our Latest Report on Cintas
Cintas Stock Performance
CTAS traded up $0.10 on Tuesday, reaching $221.42. 282,649 shares of the stock were exchanged, compared to its average volume of 1,660,011. The firm has a market capitalization of $89.41 billion, a PE ratio of 50.22, a PEG ratio of 3.50 and a beta of 1.05. The company's 50-day moving average price is $220.99 and its 200 day moving average price is $208.40. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.09 and a quick ratio of 1.82. 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 announced its quarterly earnings data on Thursday, July 17th. The business services provider reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.02. Cintas had a return on equity of 41.21% and a net margin of 17.53%. The business had revenue of $2.67 billion for the quarter, compared to analysts' expectations of $2.63 billion. During the same period last year, the firm earned $3.99 earnings per share. The company's revenue for the quarter was up 8.0% compared to the same quarter last year. As a group, sell-side analysts forecast that Cintas Corporation will post 4.31 EPS for the current fiscal 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.
Featured Articles
Want to see what other hedge funds are holding CTAS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cintas Corporation (NASDAQ:CTAS - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Cintas, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Cintas wasn't on the list.
While Cintas currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking for the next FAANG stock before everyone has heard about it? Enter your email address to see which stocks MarketBeat analysts think might become the next trillion dollar tech company.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
