Sigma Planning Corp Sells 1,580 Shares of Cintas Corporation (NASDAQ:CTAS)

Sigma Planning Corp cut its stake in Cintas Corporation (NASDAQ:CTAS - Free Report) by 36.4% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,758 shares of the business services provider's stock after selling 1,580 shares during the period. Sigma Planning Corp's holdings in Cintas were worth $567,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of CTAS. Cyrus J. Lawrence LLC acquired a new stake in Cintas during the 4th quarter worth $29,000. Meeder Asset Management Inc. lifted its position 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 worth $35,000 after purchasing an additional 134 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. raised its holdings in Cintas by 646.4% in 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 acquiring an additional 181 shares in the last quarter. Washington Trust Advisors Inc. acquired a new stake in Cintas in the first quarter valued at approximately $46,000. Finally, Lee Danner & Bass Inc. acquired a new stake in Cintas in the fourth quarter valued at approximately $42,000. 63.46% of the stock is currently owned by institutional investors and hedge funds.

Cintas Price Performance

Shares of CTAS traded up $0.02 during midday 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. 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 $220.99 and its two-hundred day simple moving average is $208.04. The company has a quick ratio of 1.50, a current ratio of 2.09 and a debt-to-equity ratio of 0.52. The stock has a market capitalization of $89.62 billion, a price-to-earnings ratio of 50.33, a price-to-earnings-growth ratio of 3.54 and a beta of 1.05.

Cintas (NASDAQ:CTAS - Get Free Report) last released its quarterly earnings data on Thursday, July 17th. The business services provider reported $1.09 earnings per share 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 company had revenue of $2.67 billion for the quarter, compared to the consensus estimate of $2.63 billion. During the same quarter last year, the business posted $3.99 EPS. Cintas's revenue for the quarter was up 8.0% on a year-over-year basis. As a group, equities analysts expect that Cintas Corporation will post 4.31 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on CTAS shares. Wells Fargo & Company raised shares of Cintas from an "underweight" rating to an "equal weight" rating and boosted their price objective for the company from $196.00 to $221.00 in a research note on Tuesday, July 1st. Robert W. Baird boosted their price objective on shares of Cintas from $227.00 to $230.00 and gave the stock a "neutral" rating in a research report on Friday. JPMorgan Chase & Co. initiated coverage on shares of Cintas in a report on Monday, July 14th. They issued an "overweight" rating and a $239.00 target price on the stock. Bank of America began coverage on shares of Cintas in a report on Thursday, April 10th. They issued a "buy" rating and a $250.00 target price on the stock. Finally, Redburn Atlantic downgraded shares of Cintas from a "neutral" rating to a "sell" rating and set a $171.00 price objective for the company. in a research note on Thursday, May 1st. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Cintas currently has a consensus rating of "Hold" and a consensus target price of $222.75.

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.