Cintas Corporation (CTAS) Stake Held by Wilbanks Smith & Thomas Asset Management LLC

Wilbanks Smith & Thomas Asset Management LLC maintained its position in shares of Cintas Corporation (NASDAQ:CTAS) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,800 shares of the business services provider’s stock at the close of the 2nd quarter. Wilbanks Smith & Thomas Asset Management LLC’s holdings in Cintas Corporation were worth $353,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently added to or reduced their stakes in CTAS. Parallel Advisors LLC boosted its stake 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 acquiring an additional 140 shares during the period. QS Investors LLC boosted its stake in shares of Cintas Corporation by 1.0% in the second quarter. QS Investors LLC now owns 995 shares of the business services provider’s stock worth $125,000 after acquiring an additional 10 shares during the period. YorkBridge Wealth Partners LLC boosted its stake in shares of Cintas Corporation by 3.2% in the second quarter. YorkBridge Wealth Partners LLC now owns 1,056 shares of the business services provider’s stock worth $133,000 after acquiring an additional 33 shares during the period. First Personal Financial Services boosted its stake in shares of Cintas Corporation by 0.8% in the second quarter. First Personal Financial Services now owns 1,147 shares of the business services provider’s stock worth $145,000 after acquiring an additional 9 shares during the period. Finally, Paradigm Asset Management Co. LLC boosted its stake in shares of Cintas Corporation by 4.3% in the second quarter. Paradigm Asset Management Co. LLC now owns 1,200 shares of the business services provider’s stock worth $151,000 after acquiring an additional 50 shares during the period. 64.77% of the stock is owned by institutional investors and hedge funds.

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Cintas Corporation (NASDAQ:CTAS) last posted its quarterly earnings data on Tuesday, September 26th. The business services provider reported $1.48 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.30 by $0.18. Cintas Corporation had a return on equity of 23.71% and a net margin of 9.79%. The company had revenue of $1.61 billion for the quarter, compared to analysts’ expectations of $1.57 billion. During the same period in the previous year, the firm posted $1.26 EPS. Cintas Corporation’s revenue was up 27.2% compared to the same quarter last year.

A number of research firms have recently weighed in on CTAS. Zacks Investment Research raised Cintas Corporation from a “hold” rating to a “buy” rating and set a $168.00 price objective for the company in a research note on Tuesday. Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of Cintas Corporation in a research note on Wednesday, September 27th. Deutsche Bank AG reaffirmed a “hold” rating and issued a $140.00 price objective (up previously from $130.00) on shares of Cintas Corporation in a research note on Wednesday, September 27th. Robert W. Baird reaffirmed an “outperform” rating and issued a $165.00 price objective (up previously from $152.00) on shares of Cintas Corporation in a research note on Thursday, September 28th. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and issued a $130.00 price objective on shares of Cintas Corporation in a research note on Friday, July 21st. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $143.00.

In related news, CFO J. Michael Hansen sold 800 shares of Cintas Corporation stock in a transaction dated Friday, August 11th. The stock was sold at an average price of $130.75, for a total value of $104,600.00. Following the sale, the chief financial officer now directly owns 54,370 shares in the company, valued at approximately $7,108,877.50. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Gerald S. Adolph sold 2,000 shares of Cintas Corporation stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $133.69, for a total value of $267,380.00. Following the completion of the sale, the director now owns 13,135 shares in the company, valued at $1,756,018.15. The disclosure for this sale can be found here. Insiders own 18.90% of the company’s stock.

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.

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

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