Caisse DE Depot ET Placement DU Quebec lessened its holdings in shares of Cintas Co. (NASDAQ:CTAS) by 39.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,624 shares of the business services provider’s stock after selling 7,443 shares during the period. Caisse DE Depot ET Placement DU Quebec’s holdings in Cintas were worth $1,811,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. ETRADE Capital Management LLC purchased a new position in Cintas in the fourth quarter valued at $292,000. MML Investors Services LLC grew its position in shares of 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 purchasing an additional 347 shares during the period. Amundi Pioneer Asset Management Inc. acquired a new stake in shares of Cintas in the fourth quarter valued at about $14,095,000. USA Financial Portformulas Corp grew its position in shares of Cintas by 82.3% in the fourth quarter. USA Financial Portformulas Corp now owns 46,321 shares of the business services provider’s stock valued at $7,218,000 after purchasing an additional 20,917 shares during the period. Finally, Pittenger & Anderson Inc. grew its position in shares of Cintas by 9.7% in the fourth quarter. Pittenger & Anderson Inc. now owns 16,534 shares of the business services provider’s stock valued at $2,576,000 after purchasing an additional 1,460 shares during the period. 66.58% of the stock is owned by institutional investors.
Several brokerages have recently issued reports on CTAS. Zacks Investment Research lowered shares of Cintas from a “buy” rating to a “hold” rating in a research report on Friday, March 9th. ValuEngine upgraded shares of Cintas from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. Morgan Stanley lifted their target price on shares of Cintas from $130.00 to $151.00 and gave the company an “underweight” rating in a research report on Wednesday, January 31st. BidaskClub upgraded shares of Cintas from a “buy” rating to a “strong-buy” rating in a research report on Thursday, February 22nd. Finally, KeyCorp reiterated an “overweight” rating and issued a $174.00 target price (up previously from $148.00) on shares of Cintas in a research report on Tuesday, December 19th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $157.09.
In other news, insider James Phillip Holloman sold 12,386 shares of the business’s stock in a transaction that occurred on Friday, January 12th. The shares were sold at an average price of $160.92, for a total value of $1,993,155.12. Following the sale, the insider now directly owns 141,328 shares of the company’s stock, valued at approximately $22,742,501.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 18.90% of the stock is currently owned by insiders.
Cintas Co. (NASDAQ:CTAS) opened at $173.61 on Thursday. 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 firm has a market cap of $18,490.00, a PE ratio of 38.84, a price-to-earnings-growth ratio of 2.70 and a beta of 0.88. Cintas Co. has a fifty-two week low of $117.85 and a fifty-two week high of $178.34.
Cintas (NASDAQ:CTAS) last posted its earnings results on Thursday, December 21st. The business services provider reported $1.31 earnings per share for the quarter, beating the consensus estimate of $1.27 by $0.04. The company had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.59 billion. Cintas had a net margin of 9.23% and a return on equity of 23.23%. Cintas’s revenue was up 26.4% on a year-over-year basis. During the same period in the previous year, the business posted $1.15 EPS. equities research analysts predict that Cintas Co. will post 5.45 earnings per share for the current fiscal year.
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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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