OLD National Bancorp IN held its stake in shares of Cintas Corporation (NASDAQ:CTAS) during the third quarter, according to its most recent disclosure with the SEC. The fund owned 6,376 shares of the company’s stock at the end of the third quarter. OLD National Bancorp IN’s holdings in Cintas Corporation were worth $718,000 as of its most recent SEC filing.
Several other large investors have also recently modified their holdings of the stock. NEXT Financial Group Inc boosted its stake in shares of Cintas Corporation by 651.1% in the third quarter. NEXT Financial Group Inc now owns 1,352 shares of the company’s stock worth $152,000 after buying an additional 1,172 shares during the last quarter. LMR Partners LLP purchased a new stake in shares of Cintas Corporation during the third quarter worth $1,331,000. Punch & Associates Investment Management Inc. boosted its stake in shares of Cintas Corporation by 0.7% in the third quarter. Punch & Associates Investment Management Inc. now owns 41,248 shares of the company’s stock worth $4,645,000 after buying an additional 285 shares during the last quarter. Mizuho Trust & Banking Co. Ltd. boosted its stake in shares of Cintas Corporation by 0.6% in the third quarter. Mizuho Trust & Banking Co. Ltd. now owns 143,884 shares of the company’s stock worth $16,201,000 after buying an additional 926 shares during the last quarter. Finally, Quantbot Technologies LP boosted its stake in shares of Cintas Corporation by 323.8% in the third quarter. Quantbot Technologies LP now owns 15,257 shares of the company’s stock worth $1,717,000 after buying an additional 11,657 shares during the last quarter. 66.01% of the stock is owned by institutional investors and hedge funds.
Cintas Corporation (NASDAQ:CTAS) opened at 117.29 on Friday. The company’s 50-day moving average price is $116.91 and its 200 day moving average price is $112.01. Cintas Corporation has a 1-year low of $80.22 and a 1-year high of $122.21. The firm has a market capitalization of $12.32 billion, a PE ratio of 24.45 and a beta of 0.89.
Cintas Corporation (NASDAQ:CTAS) last issued its quarterly earnings results on Thursday, December 22nd. The company reported $1.13 earnings per share for the quarter, missing analysts’ consensus estimates of $1.15 by $0.02. Cintas Corporation had a return on equity of 24.80% and a net margin of 10.37%. The business had revenue of $1.30 billion for the quarter. During the same quarter in the previous year, the company posted $1.03 earnings per share. The firm’s revenue for the quarter was up 6.4% on a year-over-year basis. On average, equities analysts anticipate that Cintas Corporation will post $4.62 EPS for the current year.
A number of brokerages have recently weighed in on CTAS. William Blair reaffirmed an “outperform” rating on shares of Cintas Corporation in a research note on Wednesday, January 18th. Zacks Investment Research raised Cintas Corporation from a “hold” rating to a “buy” rating and set a $128.00 price objective for the company in a research note on Monday, January 16th. RBC Capital Markets reaffirmed a “sector perform” rating on shares of Cintas Corporation in a research note on Tuesday, December 27th. Finally, Stifel Nicolaus lifted their price objective on Cintas Corporation from $118.00 to $123.00 and gave the company a “hold” rating in a research note on Tuesday, December 20th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $117.91.
About Cintas Corporation
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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