Commerce Bank increased its position in shares of Cintas Co. (NASDAQ:CTAS) by 3.7% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 21,510 shares of the business services provider’s stock after purchasing an additional 762 shares during the quarter. Commerce Bank’s holdings in Cintas were worth $3,726,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Trexquant Investment LP increased its position in shares of Cintas by 15.0% during the first quarter. Trexquant Investment LP now owns 51,844 shares of the business services provider’s stock worth $8,980,000 after purchasing an additional 6,773 shares in the last quarter. HC Advisors LLC purchased a new stake in Cintas in the 1st quarter valued at $738,000. Ontario Teachers Pension Plan Board grew its holdings in Cintas by 7.8% in the 1st quarter. Ontario Teachers Pension Plan Board now owns 5,914 shares of the business services provider’s stock valued at $1,024,000 after buying an additional 430 shares in the last quarter. Fiera Capital Corp grew its holdings in Cintas by 7.7% in the 1st quarter. Fiera Capital Corp now owns 2,339 shares of the business services provider’s stock valued at $405,000 after buying an additional 167 shares in the last quarter. Finally, Lighthouse Financial Advisors Inc. grew its holdings in Cintas by 5.1% in the 1st quarter. Lighthouse Financial Advisors Inc. now owns 9,000 shares of the business services provider’s stock valued at $1,550,000 after buying an additional 433 shares in the last quarter. Hedge funds and other institutional investors own 64.35% of the company’s stock.
CTAS stock opened at $240.65 on Friday. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.34 and a quick ratio of 2.01. The firm has a market capitalization of $25.24 billion, a P/E ratio of 27.32, a P/E/G ratio of 3.39 and a beta of 1.43. The business’s 50-day moving average is $204.88 and its two-hundred day moving average is $248.17. Cintas Co. has a 1 year low of $154.33 and a 1 year high of $304.81.
Cintas (NASDAQ:CTAS) last posted its quarterly earnings results on Thursday, March 19th. The business services provider reported $2.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.02 by $0.14. The company had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.80 billion. Cintas had a return on equity of 30.73% and a net margin of 13.19%. Cintas’s revenue for the quarter was up 7.6% compared to the same quarter last year. During the same quarter last year, the company earned $1.84 EPS. On average, analysts expect that Cintas Co. will post 7.97 EPS for the current year.
Several brokerages have issued reports on CTAS. Credit Suisse Group upped their target price on Cintas from $200.00 to $205.00 and gave the company a “neutral” rating in a report on Thursday, May 14th. Zacks Investment Research cut Cintas from a “hold” rating to a “sell” rating and set a $240.00 target price for the company. in a report on Friday, May 15th. Royal Bank of Canada upped their target price on Cintas from $220.00 to $250.00 and gave the company an “outperform” rating in a report on Thursday, May 14th. Stifel Nicolaus upped their price target on Cintas from $157.00 to $160.00 and gave the company a “hold” rating in a research note on Thursday, May 14th. Finally, BidaskClub raised Cintas from a “hold” rating to a “buy” rating in a research note on Thursday, April 30th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the company. Cintas currently has a consensus rating of “Hold” and a consensus price target of $240.18.
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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