Bp Plc lowered its stake in Cintas Co. (NASDAQ:CTAS) by 66.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 24,000 shares of the business services provider’s stock after selling 48,000 shares during the quarter. Bp Plc’s holdings in Cintas were worth $4,032,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors also recently modified their holdings of the business. Chesapeake Wealth Management boosted its position in shares of Cintas by 7.4% during the 4th quarter. Chesapeake Wealth Management now owns 5,898 shares of the business services provider’s stock valued at $991,000 after acquiring an additional 404 shares during the last quarter. Cerity Partners LLC boosted its position in shares of Cintas by 10.6% during the 4th quarter. Cerity Partners LLC now owns 21,604 shares of the business services provider’s stock valued at $3,629,000 after acquiring an additional 2,069 shares during the last quarter. Brasada Capital Management LP boosted its position in shares of Cintas by 6.5% during the 4th quarter. Brasada Capital Management LP now owns 39,354 shares of the business services provider’s stock valued at $6,611,000 after acquiring an additional 2,410 shares during the last quarter. Daiwa Securities Group Inc. boosted its position in shares of Cintas by 33.5% during the 4th quarter. Daiwa Securities Group Inc. now owns 56,271 shares of the business services provider’s stock valued at $9,453,000 after acquiring an additional 14,128 shares during the last quarter. Finally, Welch & Forbes LLC boosted its position in shares of Cintas by 0.3% during the 4th quarter. Welch & Forbes LLC now owns 41,495 shares of the business services provider’s stock valued at $6,970,000 after acquiring an additional 140 shares during the last quarter. Institutional investors and hedge funds own 69.46% of the company’s stock.
Shares of NASDAQ CTAS opened at $201.76 on Thursday. The stock has a market cap of $20.97 billion, a P/E ratio of 33.97, a PEG ratio of 2.16 and a beta of 1.07. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.70 and a current ratio of 1.99. Cintas Co. has a 1-year low of $154.56 and a 1-year high of $217.34.
Cintas (NASDAQ:CTAS) last announced its quarterly earnings data on Thursday, December 20th. The business services provider reported $1.76 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.72 by $0.04. The company had revenue of $1.72 billion for the quarter, compared to analysts’ expectations of $1.69 billion. Cintas had a return on equity of 24.87% and a net margin of 14.10%. Cintas’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same period last year, the firm posted $1.31 EPS. As a group, equities analysts expect that Cintas Co. will post 7.35 earnings per share for the current year.
A number of analysts have recently issued reports on the company. ValuEngine upgraded Cintas from a “hold” rating to a “buy” rating in a research report on Monday, February 4th. Zacks Investment Research cut Cintas from a “buy” rating to a “hold” rating in a report on Tuesday, November 27th. BidaskClub raised Cintas from a “buy” rating to a “strong-buy” rating in a report on Thursday, January 24th. Royal Bank of Canada assumed coverage on Cintas in a report on Monday, November 26th. They set an “outperform” rating on the stock. Finally, Bank of America assumed coverage on Cintas in a report on Tuesday, October 23rd. They set a “neutral” rating and a $200.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, seven have given a buy rating and two have given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $190.77.
In other Cintas news, insider Michael Lawrence Thompson sold 1,000 shares of Cintas stock in a transaction that occurred on Tuesday, February 12th. The stock was sold at an average price of $200.60, for a total value of $200,600.00. Following the transaction, the insider now directly owns 64,165 shares of the company’s stock, valued at approximately $12,871,499. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 19.10% of the stock is owned by insiders.
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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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