Driehaus Capital Management LLC boosted its holdings in Cintas Co. (NASDAQ:CTAS) by 10.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 8,278 shares of the business services provider’s stock after acquiring an additional 780 shares during the period. Driehaus Capital Management LLC’s holdings in Cintas were worth $1,290,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. MML Investors Services LLC raised its stake in Cintas by 7.6% in the 4th 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 period. Northwestern Mutual Wealth Management Co. raised its stake in Cintas by 61.1% in the 4th 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 period. Penserra Capital Management LLC raised its stake in Cintas by 18.6% in the 4th 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 period. BB&T Securities LLC raised its stake in Cintas by 13.6% in the 3rd 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 period. Finally, Arizona State Retirement System raised its stake in Cintas by 1.0% in the 4th 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 period. Institutional investors and hedge funds own 66.58% of the company’s stock.
A number of equities research analysts recently weighed in on CTAS shares. Morgan Stanley increased their price target on Cintas from $130.00 to $151.00 and gave the company an “underweight” rating in a research note on Wednesday, January 31st. Zacks Investment Research upgraded 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. William Blair restated a “buy” rating on shares of Cintas in a research note on Monday, January 1st. Robert W. Baird restated an “outperform” rating and issued a $185.00 price target (up previously from $165.00) on shares of Cintas in a research note on Friday, December 22nd. Finally, Royal Bank of Canada restated a “hold” rating and issued a $145.00 price target on shares of Cintas in a research note on Monday, November 20th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $157.09.
Cintas Co. (NASDAQ:CTAS) opened at $176.13 on Wednesday. The company has a current ratio of 1.77, a quick ratio of 1.53 and a debt-to-equity ratio of 0.99. The firm has a market capitalization of $18,806.99, a price-to-earnings ratio of 35.09, a price-to-earnings-growth ratio of 2.70 and a beta of 0.88. Cintas Co. has a 12-month low of $117.85 and a 12-month high of $178.34.
Cintas (NASDAQ:CTAS) last posted its quarterly earnings data on Thursday, December 21st. The business services provider reported $1.31 earnings per share for the quarter, topping the consensus estimate of $1.27 by $0.04. The firm had revenue of $1.61 billion for the quarter, compared to analysts’ expectations of $1.59 billion. Cintas had a return on equity of 23.23% and a net margin of 9.23%. The company’s quarterly revenue was up 26.4% compared to the same quarter last year. During the same quarter last year, the business earned $1.15 EPS. sell-side analysts forecast that Cintas Co. will post 5.45 earnings per share for the current fiscal year.
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Cintas Company Profile
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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