Trust Co. of Vermont held its stake in Cintas Corporation (NASDAQ:CTAS) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 900 shares of the business services provider’s stock at the end of the second quarter. Trust Co. of Vermont’s holdings in Cintas Corporation were worth $113,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently bought and sold shares of the company. Parallel Advisors LLC increased its position in shares of Cintas Corporation by 19.4% in the first quarter. Parallel Advisors LLC now owns 862 shares of the business services provider’s stock worth $104,000 after buying an additional 140 shares during the period. YorkBridge Wealth Partners LLC increased its position in shares of Cintas Corporation by 11.6% in the first quarter. YorkBridge Wealth Partners LLC now owns 1,023 shares of the business services provider’s stock worth $125,000 after buying an additional 106 shares during the period. Van ECK Associates Corp increased its position in shares of Cintas Corporation by 8.1% in the first quarter. Van ECK Associates Corp now owns 1,214 shares of the business services provider’s stock worth $154,000 after buying an additional 91 shares during the period. Global X Management Co. LLC increased its position in shares of Cintas Corporation by 39.7% in the first quarter. Global X Management Co. LLC now owns 1,559 shares of the business services provider’s stock worth $197,000 after buying an additional 443 shares during the period. Finally, Marble Harbor Investment Counsel LLC purchased a new position in Cintas Corporation during the first quarter valued at $202,000. 68.58% of the stock is owned by institutional investors.
Shares of Cintas Corporation (NASDAQ:CTAS) traded down 0.37% during mid-day trading on Friday, reaching $130.33. The company had a trading volume of 474,633 shares. The company has a market capitalization of $13.74 billion, a PE ratio of 29.71 and a beta of 0.84. The company’s 50-day moving average price is $130.25 and its 200-day moving average price is $123.93. Cintas Corporation has a 52-week low of $102.07 and a 52-week high of $139.74.
Cintas Corporation (NASDAQ:CTAS) last announced its earnings results on Thursday, July 20th. The business services provider reported $0.75 EPS for the quarter, missing the consensus estimate of $1.05 by $0.30. The company had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.53 billion. Cintas Corporation had a return on equity of 23.38% and a net margin of 8.90%. The business’s quarterly revenue was up 23.1% on a year-over-year basis. During the same period in the previous year, the firm posted $1.08 EPS. On average, analysts forecast that Cintas Corporation will post $5.23 earnings per share for the current fiscal year.
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CTAS has been the topic of a number of analyst reports. Instinet cut Cintas Corporation from a “buy” rating to a “neutral” rating and lowered their target price for the company from $142.00 to $130.00 in a report on Tuesday, June 27th. Nomura cut Cintas Corporation from a “buy” rating to a “neutral” rating in a report on Wednesday, June 28th. Deutsche Bank AG set a $130.00 price objective on Cintas Corporation and gave the stock a “hold” rating in a report on Friday, July 21st. Zacks Investment Research upgraded Cintas Corporation from a “hold” rating to a “buy” rating and set a $142.00 price objective on the stock in a report on Friday, June 2nd. Finally, Morgan Stanley restated an “underweight” rating and set a $117.00 price objective (up previously from $107.00) on shares of Cintas Corporation in a report on Tuesday, July 25th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the company’s stock. Cintas Corporation presently has an average rating of “Hold” and a consensus target price of $133.42.
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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