Copeland Capital Management LLC Has $11.10 Million Stock Position in Cintas Corporation $CTAS

Copeland Capital Management LLC trimmed its position in shares of Cintas Corporation (NASDAQ:CTASFree Report) by 4.7% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 65,614 shares of the business services provider’s stock after selling 3,233 shares during the period. Copeland Capital Management LLC’s holdings in Cintas were worth $11,098,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the company. Nemes Rush Group LLC acquired a new position in Cintas during the fourth quarter valued at $25,000. First United Bank & Trust acquired a new stake in Cintas during the 1st quarter worth about $25,000. Whipplewood Advisors LLC grew its stake in Cintas by 1,712.5% during the 1st quarter. Whipplewood Advisors LLC now owns 145 shares of the business services provider’s stock valued at $25,000 after acquiring an additional 137 shares in the last quarter. Swiss RE Ltd. purchased a new position in Cintas during the 4th quarter valued at about $25,000. Finally, Camelot Portfolios LLC acquired a new position in shares of Cintas in the 4th quarter valued at about $26,000. 63.46% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Cintas

In other news, Director Ronald W. Tysoe sold 4,666 shares of Cintas stock in a transaction dated Monday, April 20th. The stock was sold at an average price of $178.87, for a total value of $834,607.42. Following the transaction, the director directly owned 22,448 shares in the company, valued at approximately $4,015,273.76. The trade was a 17.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 14.90% of the stock is owned by company insiders.

Cintas Trading Down 0.9%

NASDAQ:CTAS opened at $204.45 on Friday. Cintas Corporation has a 12 month low of $161.16 and a 12 month high of $226.75. The firm has a market cap of $81.80 billion, a price-to-earnings ratio of 57.75, a P/E/G ratio of 3.23 and a beta of 0.94. The company has a quick ratio of 1.74, a current ratio of 1.43 and a debt-to-equity ratio of 0.28. The company’s 50 day moving average is $175.60 and its 200-day moving average is $182.86.

Cintas (NASDAQ:CTASGet Free Report) last posted its quarterly earnings data on Wednesday, July 15th. The business services provider reported $1.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.24 by $0.05. The business had revenue of $2.91 billion during the quarter, compared to the consensus estimate of $2.87 billion. Cintas had a net margin of 17.75% and a return on equity of 42.05%. Cintas’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.09 EPS. Cintas has set its FY 2027 guidance at 5.360-5.500 EPS. Equities analysts anticipate that Cintas Corporation will post 5.48 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on CTAS shares. Citigroup cut their target price on shares of Cintas from $181.00 to $160.00 and set a “sell” rating for the company in a research report on Tuesday, March 31st. Robert W. Baird boosted their price target on shares of Cintas from $200.00 to $214.00 and gave the company an “outperform” rating in a report on Thursday. Bank of America raised shares of Cintas from a “neutral” rating to a “buy” rating and upped their price target for the stock from $200.00 to $230.00 in a research note on Thursday. Weiss Ratings upgraded Cintas from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, July 10th. Finally, Stifel Nicolaus reduced their price objective on Cintas from $222.00 to $190.00 and set a “hold” rating for the company in a research report on Thursday, March 26th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $212.31.

Check Out Our Latest Stock Report on CTAS

Key Headlines Impacting Cintas

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Cintas Profile

(Free Report)

Cintas Corporation (NASDAQ: CTAS) is a provider of business services and products focused on workplace appearance, safety and facility maintenance. The company is best known for its uniform rental and corporate apparel programs, which include rental, leasing and direct-purchase options, laundering and garment repair. Cintas markets its services to a wide range of end-users, including manufacturing, food service, healthcare, hospitality, retail and government customers.

Beyond uniforms, Cintas offers a suite of facility services and products designed to help organizations maintain clean, safe and compliant workplaces.

See Also

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Institutional Ownership by Quarter for Cintas (NASDAQ:CTAS)

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