Cintas Corporation (NASDAQ:CTAS) Shares Sold by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC decreased its position in Cintas Corporation (NASDAQ:CTAS - Free Report) by 30.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 638,726 shares of the business services provider's stock after selling 284,604 shares during the quarter. Los Angeles Capital Management LLC owned about 0.16% of Cintas worth $131,277,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of CTAS. Cyrus J. Lawrence LLC purchased a new stake in shares of Cintas during the fourth quarter valued at $29,000. Meeder Asset Management Inc. lifted its stake in Cintas by 239.3% in the 4th quarter. Meeder Asset Management Inc. now owns 190 shares of the business services provider's stock worth $35,000 after acquiring an additional 134 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. lifted its stake in Cintas by 646.4% in the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 209 shares of the business services provider's stock worth $43,000 after acquiring an additional 181 shares in the last quarter. Washington Trust Advisors Inc. purchased a new stake in Cintas in the 1st quarter worth about $46,000. Finally, Lee Danner & Bass Inc. purchased a new stake in Cintas in the 4th quarter worth about $42,000. Institutional investors and hedge funds own 63.46% of the company's stock.

Cintas Trading Up 0.0%

Shares of CTAS opened at $221.94 on Friday. The stock has a fifty day moving average price of $220.99 and a two-hundred day moving average price of $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 Corporation has a 52-week low of $180.78 and a 52-week high of $229.24. The company has a market cap of $89.62 billion, a price-to-earnings ratio of 50.33, a PEG ratio of 3.54 and a beta of 1.05.

Cintas (NASDAQ:CTAS - Get Free Report) last released its earnings results on Thursday, July 17th. The business services provider reported $1.09 earnings per share for the quarter, topping analysts' consensus estimates of $1.07 by $0.02. The company 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 firm's quarterly revenue was up 8.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.99 earnings per share. Analysts predict that Cintas Corporation will post 4.31 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have weighed in on CTAS. 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 report on Thursday, May 1st. Argus raised Cintas to a "strong-buy" rating in a research report on Wednesday, April 16th. JPMorgan Chase & Co. began coverage on Cintas in a research report on Monday, July 14th. They issued an "overweight" rating and a $239.00 target price on the stock. Bank of America started coverage on Cintas in a research report on Thursday, April 10th. They issued a "buy" rating and a $250.00 target price on the stock. Finally, Robert W. Baird increased their price objective on Cintas from $227.00 to $230.00 and gave the company a "neutral" rating in a report on Friday. Two equities 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 assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $224.54.

About Cintas

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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