Cintas Corporation (NASDAQ:CTAS) Shares Acquired by Prescott Group Capital Management L.L.C.

Key Points

• Prescott Group Capital Management L.L.C. increased its stake in Cintas Corporation by 7.2%, acquiring an additional 1,394 shares, bringing its total holdings to 20,794 shares worth $4.27 million.
• Director Martin Mucci purchased 1,200 shares at an average price of $222.55, marking an 84.45% increase in his position.
• Cintas reported a quarterly revenue of $2.67 billion, exceeding estimates, with a net margin of 17.53% and a year-over-year revenue increase of 8%.

Prescott Group Capital Management L.L.C. increased its position in shares of Cintas Corporation (NASDAQ:CTAS - Free Report) by 7.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 20,794 shares of the business services provider's stock after buying an additional 1,394 shares during the period. Prescott Group Capital Management L.L.C.'s holdings in Cintas were worth $4,274,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in CTAS. Meeder Asset Management Inc. increased its stake 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 during the period. E Fund Management Hong Kong Co. Ltd. boosted its position in Cintas by 646.4% during the first 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 stake in Cintas during the first quarter valued at about $46,000. Olde Wealth Management LLC bought a new stake in Cintas during the first quarter valued at about $55,000. Finally, Physician Wealth Advisors Inc. bought a new stake in Cintas during the fourth quarter valued at about $59,000. Hedge funds and other institutional investors own 63.46% of the company's stock.

Insiders Place Their Bets

In other Cintas news, Director Martin Mucci purchased 1,200 shares of the firm's stock in a transaction dated Monday, July 21st. The shares were acquired at an average price of $222.55 per share, with a total value of $267,060.00. Following the purchase, the director directly owned 2,621 shares in the company, valued at approximately $583,303.55. This trade represents a 84.45% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 15.00% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on CTAS. Bank of America began coverage on Cintas in a research report on Thursday, April 10th. They set a "buy" rating and a $250.00 price objective on the stock. Royal Bank Of Canada reaffirmed a "sector perform" rating and set a $240.00 price objective (up previously from $215.00) on shares of Cintas in a research report on Monday, June 9th. JPMorgan Chase & Co. assumed coverage on Cintas in a report on Monday, July 14th. They issued an "overweight" rating and a $239.00 price target for the company. The Goldman Sachs Group raised their price target on Cintas from $233.00 to $257.00 and gave the stock a "buy" rating in a report on Wednesday, July 2nd. Finally, Robert W. Baird raised their price target on Cintas from $227.00 to $230.00 and gave the stock a "neutral" rating in a report on Friday, July 18th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $224.54.

Cintas Stock Performance

CTAS stock traded up $1.93 during trading on Tuesday, hitting $222.31. 428,415 shares of the company traded hands, compared to its average volume of 1,709,390. The stock's 50-day simple moving average is $221.39 and its 200 day simple moving average is $209.76. 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 company has a market cap of $89.76 billion, a PE ratio of 50.40, a P/E/G ratio of 3.51 and a beta of 1.05. Cintas Corporation has a 1 year low of $180.78 and a 1 year high of $229.24.

Cintas (NASDAQ:CTAS - Get Free Report) last posted its quarterly earnings data on Thursday, July 17th. The business services provider reported $1.09 EPS for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $2.63 billion. During the same period in the previous year, the business earned $3.99 earnings per share. The business's revenue was up 8.0% compared to the same quarter last year. On average, equities analysts expect that Cintas Corporation will post 4.31 earnings per share for the current fiscal year.

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.