Machina Capital S.A.S. Purchases 12,436 Shares of Cintas Corporation (NASDAQ:CTAS)

Machina Capital S.A.S. increased its stake in Cintas Corporation (NASDAQ:CTAS - Free Report) by 248.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 17,451 shares of the business services provider's stock after purchasing an additional 12,436 shares during the period. Cintas accounts for 1.1% of Machina Capital S.A.S.'s portfolio, making the stock its 11th largest position. Machina Capital S.A.S.'s holdings in Cintas were worth $3,587,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Meeder Asset Management Inc. grew its holdings in shares of Cintas by 239.3% during the fourth quarter. Meeder Asset Management Inc. now owns 190 shares of the business services provider's stock valued at $35,000 after buying an additional 134 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. increased its holdings in shares of 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 valued at $43,000 after purchasing an additional 181 shares during the period. Washington Trust Advisors Inc. purchased a new stake in shares of Cintas in the first quarter worth approximately $46,000. Olde Wealth Management LLC purchased a new position in Cintas during the first quarter valued at approximately $55,000. Finally, Physician Wealth Advisors Inc. purchased a new stake in Cintas in the 4th quarter worth approximately $59,000. 63.46% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Wells Fargo & Company raised Cintas from an "underweight" rating to an "equal weight" rating and boosted their price target for the company from $196.00 to $221.00 in a research note on Tuesday, July 1st. Redburn Atlantic cut shares of Cintas from a "neutral" rating to a "sell" rating and set a $171.00 target price for the company. in a research note on Thursday, May 1st. The Goldman Sachs Group increased their price target on shares of Cintas from $233.00 to $257.00 and gave the stock a "buy" rating in a research note on Wednesday, July 2nd. UBS Group lifted their price objective on shares of Cintas from $240.00 to $255.00 and gave the company a "buy" rating in a research note on Friday, July 18th. Finally, Bank of America initiated coverage on shares of Cintas in a research report on Thursday, April 10th. They set a "buy" rating and a $250.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Cintas has a consensus rating of "Hold" and an average target price of $224.54.

Cintas Trading Up 0.3%

Shares of NASDAQ CTAS traded up $0.68 during mid-day trading on Friday, hitting $223.56. The company's stock had a trading volume of 1,074,701 shares, compared to its average volume of 1,461,321. Cintas Corporation has a one year low of $180.78 and a one year high of $229.24. The company's fifty day simple moving average is $221.44 and its 200-day simple moving average is $209.42. 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 stock has a market cap of $90.27 billion, a price-to-earnings ratio of 50.69, a price-to-earnings-growth ratio of 3.51 and a beta of 1.05.

Cintas (NASDAQ:CTAS - Get Free Report) last posted its quarterly earnings results on Thursday, July 17th. The business services provider reported $1.09 earnings per share for the quarter, topping 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 firm had revenue of $2.67 billion for the quarter, compared to analyst estimates of $2.63 billion. During the same quarter in the previous year, the firm earned $3.99 EPS. The business's quarterly revenue was up 8.0% on a year-over-year basis. On average, sell-side analysts anticipate that Cintas Corporation will post 4.31 earnings per share for the current fiscal year.

Insider Buying and Selling at Cintas

In other Cintas news, Director Martin Mucci purchased 1,200 shares of the business's stock in a transaction on Monday, July 21st. The stock was acquired at an average price of $222.55 per share, with a total value of $267,060.00. Following the acquisition, the director directly owned 2,621 shares of the company's stock, valued at $583,303.55. This trade represents a 84.45% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 15.00% of the company's stock.

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.