Frontier Capital Management Co. LLC Has $154.50 Million Stake in Cintas Co. (CTAS)

Frontier Capital Management Co. LLC lowered its holdings in Cintas Co. (NASDAQ:CTAS) by 5.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 991,480 shares of the business services provider’s stock after selling 54,779 shares during the period. Cintas makes up 1.1% of Frontier Capital Management Co. LLC’s portfolio, making the stock its 6th biggest position. Frontier Capital Management Co. LLC owned about 0.93% of Cintas worth $154,502,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. QS Investors LLC lifted its holdings in shares of Cintas by 1.0% in the second quarter. QS Investors LLC now owns 995 shares of the business services provider’s stock valued at $125,000 after purchasing an additional 10 shares in the last quarter. D.A. Davidson & CO. lifted its holdings in shares of Cintas by 0.8% in the second quarter. D.A. Davidson & CO. now owns 1,574 shares of the business services provider’s stock valued at $198,000 after purchasing an additional 12 shares in the last quarter. YorkBridge Wealth Partners LLC lifted its holdings in shares of Cintas by 3.2% in the second quarter. YorkBridge Wealth Partners LLC now owns 1,056 shares of the business services provider’s stock valued at $133,000 after purchasing an additional 33 shares in the last quarter. Horizon Investments LLC lifted its holdings in shares of Cintas by 1.2% in the second quarter. Horizon Investments LLC now owns 4,866 shares of the business services provider’s stock valued at $595,000 after purchasing an additional 59 shares in the last quarter. Finally, Raymond James Trust N.A. lifted its holdings in shares of Cintas by 2.9% in the second quarter. Raymond James Trust N.A. now owns 2,300 shares of the business services provider’s stock valued at $290,000 after purchasing an additional 64 shares in the last quarter. Institutional investors own 66.64% of the company’s stock.

Cintas Co. (NASDAQ CTAS) traded up $1.45 during midday trading on Thursday, hitting $162.67. 777,300 shares of the stock were exchanged, compared to its average volume of 562,273. Cintas Co. has a 1-year low of $112.96 and a 1-year high of $163.45. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.77 and a quick ratio of 1.53. The firm has a market capitalization of $17,210.00, a P/E ratio of 36.39, a PEG ratio of 2.47 and a beta of 0.87.

Cintas (NASDAQ:CTAS) last posted its earnings results on Thursday, December 21st. The business services provider reported $1.31 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.27 by $0.04. The firm had revenue of $1.61 billion for the quarter, compared to the consensus estimate of $1.59 billion. Cintas had a net margin of 9.23% and a return on equity of 23.23%. The business’s quarterly revenue was up 26.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.15 earnings per share. analysts anticipate that Cintas Co. will post 5.44 EPS for the current fiscal year.

A number of equities analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Cintas from a “hold” rating to a “buy” rating and set a $179.00 price target on the stock in a research note on Tuesday, December 19th. Robert W. Baird reaffirmed an “outperform” rating and issued a $185.00 price target (up from $165.00) on shares of Cintas in a research note on Friday, December 22nd. Royal Bank of Canada reaffirmed a “hold” rating and issued a $145.00 price target on shares of Cintas in a research note on Monday, November 20th. KeyCorp reaffirmed an “overweight” rating and issued a $174.00 price target (up from $148.00) on shares of Cintas in a research note on Tuesday, December 19th. Finally, William Blair reaffirmed a “buy” rating on shares of Cintas in a research note on Tuesday, December 26th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $153.73.

In other Cintas news, insider James Phillip Holloman sold 12,386 shares of the stock in a transaction on Friday, January 12th. The shares were sold at an average price of $160.92, for a total transaction of $1,993,155.12. Following the transaction, the insider now directly owns 141,328 shares of the company’s stock, valued at $22,742,501.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 18.90% of the company’s stock.

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About Cintas

Cintas Corporation is a provider of corporate identity uniforms through rental and sales programs, as well as a provider of related business services, including entrance mats, restroom cleaning services and supplies, carpet and tile cleaning services, first aid and safety services and fire protection products and services.

Institutional Ownership by Quarter for Cintas (NASDAQ:CTAS)

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