Regentatlantic Capital LLC Sells 251 Shares of Cintas Co. (NASDAQ:CTAS)

Regentatlantic Capital LLC lessened its stake in Cintas Co. (NASDAQ:CTAS) by 3.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,203 shares of the business services provider’s stock after selling 251 shares during the period. Regentatlantic Capital LLC’s holdings in Cintas were worth $1,946,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Financial Gravity Wealth Inc. bought a new stake in Cintas in the 1st quarter worth approximately $36,000. CWM LLC grew its position in Cintas by 52.4% in the 1st quarter. CWM LLC now owns 192 shares of the business services provider’s stock worth $39,000 after purchasing an additional 66 shares during the period. Sonora Investment Management LLC bought a new stake in Cintas in the 2nd quarter worth approximately $42,000. Washington Trust Bank bought a new stake in shares of Cintas during the 1st quarter valued at $45,000. Finally, Lenox Wealth Management Inc. grew its position in shares of Cintas by 20.5% during the 2nd quarter. Lenox Wealth Management Inc. now owns 235 shares of the business services provider’s stock valued at $55,000 after acquiring an additional 40 shares during the period. 66.86% of the stock is owned by institutional investors and hedge funds.

Shares of CTAS traded down $0.62 during trading hours on Friday, reaching $258.41. 474,125 shares of the stock traded hands, compared to its average volume of 606,592. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.69 and a current ratio of 1.98. Cintas Co. has a 52-week low of $155.98 and a 52-week high of $264.29. The company’s 50-day simple moving average is $245.01. The company has a market capitalization of $26.69 billion, a P/E ratio of 34.00, a P/E/G ratio of 3.03 and a beta of 0.98.

Cintas (NASDAQ:CTAS) last released its earnings results on Tuesday, July 16th. The business services provider reported $2.07 earnings per share for the quarter, beating analysts’ consensus estimates of $1.94 by $0.13. Cintas had a net margin of 12.80% and a return on equity of 26.77%. The company had revenue of $1.79 billion for the quarter, compared to analysts’ expectations of $1.78 billion. During the same quarter in the previous year, the company earned $1.77 EPS. Cintas’s revenue for the quarter was up 7.4% on a year-over-year basis. Equities research analysts expect that Cintas Co. will post 8.45 earnings per share for the current fiscal year.

In related news, insider Michael Lawrence Thompson sold 4,888 shares of Cintas stock in a transaction on Tuesday, July 23rd. The shares were sold at an average price of $260.79, for a total transaction of $1,274,741.52. Following the transaction, the insider now owns 69,053 shares in the company, valued at approximately $18,008,331.87. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Thomas E. Frooman sold 5,373 shares of Cintas stock in a transaction on Tuesday, July 23rd. The shares were sold at an average price of $260.79, for a total transaction of $1,401,224.67. Following the transaction, the vice president now owns 127,624 shares in the company, valued at approximately $33,283,062.96. The disclosure for this sale can be found here. 19.10% of the stock is currently owned by insiders.

CTAS has been the subject of a number of recent research reports. Nomura boosted their price objective on shares of Cintas from $217.00 to $248.00 and gave the company a “neutral” rating in a research report on Monday, July 22nd. William Blair reissued a “buy” rating on shares of Cintas in a research report on Thursday, June 20th. Credit Suisse Group boosted their price objective on shares of Cintas from $160.00 to $195.00 and gave the company a “neutral” rating in a research report on Wednesday, July 17th. Barclays reissued a “buy” rating and set a $265.00 price objective on shares of Cintas in a research report on Thursday, July 18th. Finally, Royal Bank of Canada boosted their price objective on shares of Cintas to $267.00 and gave the company an “outperform” rating in a research report on Wednesday, July 17th. One analyst has rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the stock. Cintas presently has a consensus rating of “Buy” and an average price target of $228.06.

Cintas Profile

Cintas Corporation provides corporate identity uniforms and related business services primarily in North America, Latin America, Europe, and Asia. It operates through Uniform Rental and Facility Services and First Aid and Safety Services 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, and carpet and tile cleaning services, as well as sells uniforms directly.

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Institutional Ownership by Quarter for Cintas (NASDAQ:CTAS)

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