black and white Capital LP reduced its position in shares of Cintas Co. (NASDAQ:CTAS) by 10.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 206,000 shares of the business services provider’s stock after selling 24,000 shares during the period. Cintas comprises 4.9% of black and white Capital LP’s investment portfolio, making the stock its 6th largest holding. black and white Capital LP owned approximately 0.19% of Cintas worth $32,101,000 at the end of the most recent quarter.
Several other large investors have also recently added to or reduced their stakes in CTAS. MML Investors Services LLC boosted its holdings in Cintas by 7.6% in the fourth quarter. MML Investors Services LLC now owns 4,900 shares of the business services provider’s stock valued at $764,000 after acquiring an additional 347 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in Cintas by 61.1% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 941 shares of the business services provider’s stock valued at $147,000 after acquiring an additional 357 shares during the last quarter. Penserra Capital Management LLC boosted its holdings in Cintas by 18.6% in the fourth quarter. Penserra Capital Management LLC now owns 2,380 shares of the business services provider’s stock valued at $370,000 after acquiring an additional 374 shares during the last quarter. BB&T Securities LLC boosted its holdings in Cintas by 13.6% in the third quarter. BB&T Securities LLC now owns 3,427 shares of the business services provider’s stock valued at $494,000 after acquiring an additional 410 shares during the last quarter. Finally, Arizona State Retirement System boosted its holdings in Cintas by 1.0% in the fourth quarter. Arizona State Retirement System now owns 46,020 shares of the business services provider’s stock valued at $7,171,000 after acquiring an additional 439 shares during the last quarter. Institutional investors own 65.95% of the company’s stock.
Cintas Co. (NASDAQ:CTAS) opened at $178.30 on Monday. Cintas Co. has a 12 month low of $117.85 and a 12 month high of $178.34. The company has a quick ratio of 1.53, a current ratio of 1.77 and a debt-to-equity ratio of 0.99. The stock has a market capitalization of $18,986.99, a P/E ratio of 35.52, a price-to-earnings-growth ratio of 2.73 and a beta of 0.88.
Cintas (NASDAQ:CTAS) last issued its quarterly earnings results on Thursday, December 21st. The business services provider reported $1.31 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.27 by $0.04. Cintas had a return on equity of 23.23% and a net margin of 9.23%. The firm had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.59 billion. During the same period in the previous year, the firm earned $1.15 earnings per share. The company’s revenue was up 26.4% compared to the same quarter last year. equities research analysts anticipate that Cintas Co. will post 5.45 EPS for the current year.
In other Cintas news, insider James Phillip Holloman sold 12,386 shares of the business’s stock in a transaction that occurred on Friday, January 12th. The stock was sold at an average price of $160.92, for a total value 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 sale was disclosed in a legal filing with the SEC, which is available through this link. 18.90% of the stock is currently owned by insiders.
Several brokerages recently commented on CTAS. Zacks Investment Research cut Cintas from a “buy” rating to a “hold” rating in a report on Friday. ValuEngine upgraded Cintas from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. BidaskClub upgraded Cintas from a “buy” rating to a “strong-buy” rating in a report on Thursday, February 22nd. Morgan Stanley upped their target price on Cintas from $130.00 to $151.00 and gave the company an “underweight” rating in a report on Wednesday, January 31st. Finally, William Blair reiterated a “buy” rating on shares of Cintas in a report on Monday, January 1st. One analyst has rated the stock with a sell rating, eight have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Hold” and an average price target of $157.09.
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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.
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