AIMZ Investment Advisors LLC trimmed its position in shares of Cintas Co. (NASDAQ:CTAS) by 3.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,687 shares of the business services provider’s stock after selling 400 shares during the period. Cintas comprises approximately 1.5% of AIMZ Investment Advisors LLC’s portfolio, making the stock its 26th biggest holding. AIMZ Investment Advisors LLC’s holdings in Cintas were worth $1,963,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently made changes to their positions in CTAS. Victory Capital Management Inc. raised its holdings in shares of Cintas by 12.2% during the third quarter. Victory Capital Management Inc. now owns 23,771 shares of the business services provider’s stock worth $4,702,000 after acquiring an additional 2,582 shares in the last quarter. Skandinaviska Enskilda Banken AB publ raised its holdings in Cintas by 4.2% during the third quarter. Skandinaviska Enskilda Banken AB publ now owns 12,369 shares of the business services provider’s stock valued at $2,447,000 after buying an additional 500 shares in the last quarter. Commonwealth Equity Services LLC raised its holdings in Cintas by 12.9% during the third quarter. Commonwealth Equity Services LLC now owns 14,320 shares of the business services provider’s stock valued at $2,832,000 after buying an additional 1,638 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its holdings in Cintas by 3.6% during the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 329,388 shares of the business services provider’s stock valued at $65,156,000 after buying an additional 11,574 shares in the last quarter. Finally, Toronto Dominion Bank raised its holdings in Cintas by 1.3% during the third quarter. Toronto Dominion Bank now owns 56,690 shares of the business services provider’s stock valued at $11,211,000 after buying an additional 714 shares in the last quarter. Institutional investors and hedge funds own 66.33% of the company’s stock.
In other news, Director Ronald W. Tysoe sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, February 13th. The stock was sold at an average price of $201.64, for a total value of $604,920.00. Following the sale, the director now directly owns 5,667 shares of the company’s stock, valued at $1,142,693.88. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Michael Lawrence Thompson sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, February 12th. The shares were sold at an average price of $200.60, for a total value of $200,600.00. Following the completion of the sale, the insider now directly owns 64,165 shares in the company, valued at $12,871,499. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 5,740 shares of company stock worth $1,156,635. 19.10% of the stock is currently owned by company insiders.
Several equities analysts have weighed in on CTAS shares. BidaskClub lowered Cintas from a “buy” rating to a “hold” rating in a report on Wednesday, December 12th. ValuEngine lowered Cintas from a “buy” rating to a “hold” rating in a report on Friday, December 7th. Zacks Investment Research lowered Cintas from a “hold” rating to a “sell” rating in a report on Monday. Bank of America upgraded Cintas from a “neutral” rating to a “buy” rating and set a $166.50 target price on the stock in a report on Thursday, January 3rd. They noted that the move was a valuation call. Finally, Northcoast Research restated a “neutral” rating on shares of Cintas in a report on Friday, December 21st. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $190.77.
Shares of NASDAQ:CTAS opened at $204.89 on Friday. The stock has a market capitalization of $21.49 billion, a PE ratio of 34.49, a price-to-earnings-growth ratio of 2.27 and a beta of 1.09. Cintas Co. has a 52-week low of $155.98 and a 52-week high of $217.34. 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 (NASDAQ:CTAS) last issued its quarterly earnings results on Thursday, December 20th. The business services provider reported $1.76 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.72 by $0.04. The company had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.69 billion. Cintas had a return on equity of 24.87% and a net margin of 14.10%. The firm’s revenue was up 7.0% compared to the same quarter last year. During the same period last year, the business posted $1.31 earnings per share. On average, sell-side analysts predict that Cintas Co. will post 7.35 earnings per share for the current year.
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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