AIMZ Investment Advisors LLC trimmed its holdings in shares of Cintas Co. (NASDAQ:CTAS) by 2.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,350 shares of the business services provider’s stock after selling 250 shares during the period. Cintas accounts for about 1.6% of AIMZ Investment Advisors LLC’s investment portfolio, making the stock its 20th biggest holding. AIMZ Investment Advisors LLC’s holdings in Cintas were worth $2,286,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also bought and sold shares of the stock. Raymond James & Associates raised its stake in shares of Cintas by 1.6% during the second quarter. Raymond James & Associates now owns 122,143 shares of the business services provider’s stock worth $22,605,000 after buying an additional 1,932 shares during the last quarter. Lcnb Corp bought a new stake in shares of Cintas during the second quarter worth approximately $339,000. King Luther Capital Management Corp raised its stake in shares of Cintas by 127.9% during the second quarter. King Luther Capital Management Corp now owns 458,356 shares of the business services provider’s stock worth $84,828,000 after buying an additional 257,231 shares during the last quarter. AMP Capital Investors Ltd raised its stake in shares of Cintas by 36.6% during the second quarter. AMP Capital Investors Ltd now owns 58,947 shares of the business services provider’s stock worth $10,910,000 after buying an additional 15,788 shares during the last quarter. Finally, Oribel Capital Management LP grew its holdings in Cintas by 311.3% during the second quarter. Oribel Capital Management LP now owns 39,900 shares of the business services provider’s stock valued at $7,384,000 after purchasing an additional 30,200 shares during the period. 68.76% of the stock is owned by institutional investors and hedge funds.
CTAS has been the subject of a number of analyst reports. Robert W. Baird restated a “buy” rating and set a $215.00 price objective on shares of Cintas in a report on Friday, July 20th. Credit Suisse Group initiated coverage on shares of Cintas in a report on Friday, August 10th. They set a “neutral” rating and a $205.00 price objective for the company. Morgan Stanley boosted their price objective on shares of Cintas from $152.00 to $158.00 and gave the company a “$192.53” rating in a report on Wednesday, July 18th. Nomura restated a “hold” rating and set a $188.00 price objective on shares of Cintas in a report on Sunday, July 22nd. Finally, Stifel Nicolaus boosted their price objective on shares of Cintas from $162.00 to $180.00 and gave the company a “hold” rating in a report on Friday, July 20th. Seven research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the stock. Cintas has a consensus rating of “Buy” and a consensus target price of $184.58.
Shares of NASDAQ CTAS opened at $214.63 on Thursday. The company has a market cap of $22.68 billion, a P/E ratio of 36.13, a PEG ratio of 2.51 and a beta of 0.98. The company has a quick ratio of 2.19, a current ratio of 2.55 and a debt-to-equity ratio of 0.84. Cintas Co. has a 52-week low of $131.75 and a 52-week high of $216.84.
Cintas (NASDAQ:CTAS) last released its quarterly earnings results on Thursday, July 19th. The business services provider reported $1.77 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.67 by $0.10. The company had revenue of $1.67 billion during the quarter, compared to analysts’ expectations of $1.64 billion. Cintas had a net margin of 13.01% and a return on equity of 24.03%. The business’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.75 earnings per share. equities research analysts predict that Cintas Co. will post 7.09 earnings per share for the current year.
Cintas Company 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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