Texas Permanent School Fund Sells 610 Shares of Cintas Corporation (CTAS)

Texas Permanent School Fund cut its stake in Cintas Corporation (NASDAQ:CTAS) by 2.4% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 25,167 shares of the business services provider’s stock after selling 610 shares during the period. Texas Permanent School Fund’s holdings in Cintas Corporation were worth $3,185,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. State Street Corp raised its position in Cintas Corporation by 7.3% in the fourth quarter. State Street Corp now owns 4,848,925 shares of the business services provider’s stock valued at $560,339,000 after buying an additional 331,710 shares during the period. AQR Capital Management LLC raised its position in shares of Cintas Corporation by 15.0% in the fourth quarter. AQR Capital Management LLC now owns 1,482,752 shares of the business services provider’s stock worth $171,347,000 after buying an additional 193,958 shares during the period. FMR LLC raised its position in shares of Cintas Corporation by 31.5% in the fourth quarter. FMR LLC now owns 1,151,533 shares of the business services provider’s stock worth $133,072,000 after buying an additional 275,531 shares during the last quarter. Frontier Capital Management Co. LLC raised its position in shares of Cintas Corporation by 0.7% in the fourth quarter. Frontier Capital Management Co. LLC now owns 1,085,194 shares of the business services provider’s stock worth $125,405,000 after buying an additional 7,502 shares during the last quarter. Finally, Artisan Partners Limited Partnership raised its stake in Cintas Corporation by 385.2% in the fourth quarter. Artisan Partners Limited Partnership now owns 970,364 shares of the business services provider’s stock worth $112,135,000 after buying an additional 770,364 shares during the last quarter. Institutional investors and hedge funds own 69.22% of the company’s stock.

Institutional Ownership by Quarter for Cintas Corporation (NASDAQ:CTAS)

Shares of Cintas Corporation (NASDAQ:CTAS) traded up 0.69% during mid-day trading on Monday, reaching $131.35. 516,273 shares of the company’s stock traded hands. The firm’s 50 day moving average price is $123.86 and its 200-day moving average price is $120.41. The stock has a market cap of $13.83 billion, a price-to-earnings ratio of 27.24 and a beta of 0.83. Cintas Corporation has a 12-month low of $91.24 and a 12-month high of $131.41.

Cintas Corporation (NASDAQ:CTAS) last issued its quarterly earnings results on Wednesday, March 22nd. The business services provider reported $1.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.07 by $0.04. The company had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.28 billion. Cintas Corporation had a return on equity of 24.32% and a net margin of 10.25%. Cintas Corporation’s revenue was up 5.3% on a year-over-year basis. During the same period last year, the company earned $1.05 earnings per share. Equities research analysts forecast that Cintas Corporation will post $4.51 earnings per share for the current year.

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Several research firms recently commented on CTAS. Zacks Investment Research cut shares of Cintas Corporation from a “buy” rating to a “hold” rating in a research report on Monday, June 5th. Robert W. Baird reiterated an “outperform” rating and issued a $143.00 price target (up previously from $135.00) on shares of Cintas Corporation in a research note on Thursday, March 23rd. Barclays PLC upped their price target on shares of Cintas Corporation from $130.00 to $145.00 and gave the company an “overweight” rating in a research note on Thursday, March 23rd. Piper Jaffray Companies increased their target price on shares of Cintas Corporation from $117.00 to $129.00 and gave the stock a “neutral” rating in a research report on Thursday, March 23rd. Finally, Deutsche Bank AG upped their price target on shares of Cintas Corporation from $120.00 to $125.00 and gave the stock a “hold” rating in a report on Thursday, March 23rd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $129.40.

In related news, CFO J. Michael Hansen sold 5,477 shares of Cintas Corporation stock in a transaction dated Thursday, March 23rd. The stock was sold at an average price of $125.72, for a total value of $688,568.44. Following the completion of the sale, the chief financial officer now directly owns 40,974 shares in the company, valued at $5,151,251.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Treasurer Paul F. Adler sold 4,030 shares of Cintas Corporation stock in a transaction dated Wednesday, April 19th. The shares were sold at an average price of $122.26, for a total value of $492,707.80. Following the completion of the sale, the treasurer now owns 5,529 shares of the company’s stock, valued at $675,975.54. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 21,007 shares of company stock valued at $2,644,421. Corporate insiders own 19.10% of the company’s stock.

Cintas Corporation Company Profile

Cintas Corporation is a provider of corporate identity uniforms through rental and sales programs, as well as a provider of related business services, including entrance mats, restroom cleaning services and supplies, carpet and tile cleaning services, first aid and safety services and fire protection products and services.

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