Mckinley Capital Management LLC Delaware Sells 1,459 Shares of Cintas Co. (CTAS)

Mckinley Capital Management LLC Delaware Sells 1,459 Shares of Cintas Co. (CTAS)

Other institutional investors have also bought and sold shares of the company. Stifel Financial Corp increased its position in Cintas by 882.6% in the first quarter. Stifel Financial Corp now owns 254,137 shares of the business services provider’s stock worth $32,215,000 after buying an additional 228,272 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. increased its position in Cintas by 0.4% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 298,035 shares of the business services provider’s stock worth $37,713,000 after buying an additional 1,187 shares in the last quarter. Bristol Gate Capital Partners Inc. increased its position in Cintas by 7.0% in the first quarter. Bristol Gate Capital Partners Inc. now owns 246,562 shares of the business services provider’s stock worth $31,200,000 after buying an additional 16,045 shares in the last quarter. JPMorgan Chase & Co. increased its position in Cintas by 81.8% in the first quarter. JPMorgan Chase & Co. now owns 556,158 shares of the business services provider’s stock worth $70,377,000 after buying an additional 250,191 shares in the last quarter. Finally, M&T Bank Corp increased its position in Cintas by 63.3% in the first quarter. M&T Bank Corp now owns 17,333 shares of the business services provider’s stock worth $2,193,000 after buying an additional 6,722 shares in the last quarter. Institutional investors own 66.28% of the company’s stock.

Mckinley Capital Management LLC Delaware decreased its position in Cintas Co. (NASDAQ:CTAS) by 1.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 103,897 shares of the business services provider’s stock after selling 1,459 shares during the period. Mckinley Capital Management LLC Delaware’s holdings in Cintas were worth $13,147,000 at the end of the most recent quarter.

Cintas Co. (NASDAQ CTAS) opened at 125.88 on Thursday. The firm has a 50-day moving average of $122.77 and a 200 day moving average of $119.29. Cintas Co. has a 12-month low of $91.24 and a 12-month high of $128.85. The company has a market capitalization of $13.26 billion, a PE ratio of 26.11 and a beta of 0.87.

Cintas (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 the Thomson Reuters’ consensus estimate of $1.07 by $0.04. The company had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.28 billion. Cintas had a net margin of 10.37% and a return on equity of 24.80%. Cintas’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same period last year, the business earned $1.05 EPS. Analysts forecast that Cintas Co. will post $4.52 EPS for the current fiscal year.

A number of equities analysts have recently commented on the stock. Zacks Investment Research upgraded shares of Cintas from a “sell” rating to a “hold” rating in a research note on Monday, March 27th. Robert W. Baird reiterated an “outperform” rating and issued a $143.00 target price (up from $135.00) on shares of Cintas in a research note on Thursday, March 23rd. Barclays PLC raised their target price on shares of Cintas from $130.00 to $145.00 and gave the company an “overweight” rating in a research note on Thursday, March 23rd. Piper Jaffray Companies raised their target price on shares of Cintas from $117.00 to $129.00 and gave the company a “neutral” rating in a research note on Thursday, March 23rd. Finally, Deutsche Bank AG raised their target price on shares of Cintas from $120.00 to $125.00 and gave the company a “hold” rating in a research note on Thursday, March 23rd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $129.20.

In related news, CFO J. Michael Hansen sold 5,477 shares of the stock in a transaction dated Thursday, March 23rd. The shares were sold at an average price of $125.72, for a total value of $688,568.44. Following the completion of the transaction, the chief financial officer now directly owns 40,974 shares in the company, valued at approximately $5,151,251.28. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Treasurer Paul F. Adler sold 4,030 shares of the stock in a transaction dated Wednesday, April 19th. The stock was sold at an average price of $122.26, for a total transaction of $492,707.80. Following the completion of the transaction, 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 sold 21,007 shares of company stock valued at $2,644,421. 19.10% of the stock is owned by company insiders.

About Cintas

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:CTAS”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

Want to see what other hedge funds are holding CTAS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cintas Co. (NASDAQ:CTAS).

Related posts

Leave a Comment