Csenge Advisory Group Sells 1,708 Shares of Cintas Corporation (NASDAQ:CTAS)

Csenge Advisory Group cut its stake in shares of Cintas Corporation (NASDAQ:CTAS - Free Report) by 6.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,218 shares of the business services provider's stock after selling 1,708 shares during the period. Csenge Advisory Group's holdings in Cintas were worth $4,777,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Geode Capital Management LLC raised 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 valued at $1,544,822,000 after purchasing an additional 219,809 shares in the last quarter. Invesco Ltd. grew its position in Cintas by 6.1% during the 4th quarter. Invesco Ltd. now owns 5,118,479 shares of the business services provider's stock worth $935,146,000 after purchasing an additional 296,059 shares during the last quarter. Norges Bank purchased a new stake in Cintas during the 4th quarter worth approximately $877,216,000. Northern Trust Corp grew its position 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 purchasing an additional 472,069 shares during the last quarter. Finally, Royal Bank of Canada boosted its holdings in shares of 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 acquiring an additional 115,268 shares during the last quarter. 63.46% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CTAS has been the topic of a number of recent analyst reports. Truist Financial increased their price target on shares of Cintas from $215.00 to $230.00 and gave the stock a "buy" rating in a report on Thursday, March 27th. Wells Fargo & Company upgraded shares of Cintas from an "underweight" rating to an "equal weight" rating and upped their price objective for the stock from $196.00 to $221.00 in a research report on Tuesday, July 1st. Redburn Atlantic downgraded shares of Cintas from a "neutral" rating to a "sell" rating and set a $171.00 price objective on the stock. in a report on Thursday, May 1st. Robert W. Baird increased their price objective on shares of Cintas from $227.00 to $230.00 and gave the company a "neutral" rating in a report on Friday. Finally, Royal Bank Of Canada reaffirmed a "sector perform" rating and set a $240.00 price objective (up from $215.00) on shares of Cintas in a report on Monday, June 9th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $222.75.

Cintas Price Performance

Shares of CTAS traded up $0.02 during mid-day trading on Friday, hitting $221.94. The company's stock had a trading volume of 2,528,220 shares, compared to its average volume of 1,665,913. The firm has a 50-day moving average price of $220.99 and a 200 day moving average price of $208.04. The stock has a market capitalization of $89.62 billion, a price-to-earnings ratio of 50.33, a PEG ratio of 3.54 and a beta of 1.05. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.09 and a quick ratio of 1.50. 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 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 company had revenue of $2.67 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.99 EPS. On average, research analysts predict that Cintas Corporation will post 4.31 EPS for the current fiscal year.

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.