1,325 Shares in Cintas Co. (CTAS) Acquired by Novare Capital Management LLC

Novare Capital Management LLC purchased a new position in Cintas Co. (NASDAQ:CTAS) in the 4th quarter, Holdings Channel reports. The fund purchased 1,325 shares of the business services provider’s stock, valued at approximately $206,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Thrivent Financial For Lutherans boosted its stake in Cintas by 3.5% during the 2nd quarter. Thrivent Financial For Lutherans now owns 3,270 shares of the business services provider’s stock worth $412,000 after purchasing an additional 110 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Cintas by 2.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 429,494 shares of the business services provider’s stock worth $54,129,000 after purchasing an additional 12,095 shares during the last quarter. QS Investors LLC boosted its stake in Cintas by 1.0% during the 2nd quarter. QS Investors LLC now owns 995 shares of the business services provider’s stock worth $125,000 after purchasing an additional 10 shares during the last quarter. Balyasny Asset Management LLC boosted its stake in Cintas by 24.9% during the 2nd quarter. Balyasny Asset Management LLC now owns 8,995 shares of the business services provider’s stock worth $1,134,000 after purchasing an additional 1,795 shares during the last quarter. Finally, HighTower Advisors LLC boosted its stake in Cintas by 11.9% during the 2nd quarter. HighTower Advisors LLC now owns 5,157 shares of the business services provider’s stock worth $649,000 after purchasing an additional 548 shares during the last quarter. 66.58% of the stock is owned by institutional investors.

Cintas Co. (CTAS) opened at $149.32 on Friday. The company has a current ratio of 1.77, a quick ratio of 1.53 and a debt-to-equity ratio of 0.99. The firm has a market cap of $16,676.15, a PE ratio of 30.83, a PEG ratio of 2.40 and a beta of 0.91. Cintas Co. has a 1 year low of $114.40 and a 1 year high of $169.96.

Cintas (NASDAQ:CTAS) last announced its quarterly earnings results on Thursday, December 21st. The business services provider reported $1.31 earnings per share for the quarter, beating the consensus estimate of $1.27 by $0.04. The firm had revenue of $1.61 billion for the quarter, compared to analysts’ expectations of $1.59 billion. Cintas had a net margin of 9.23% and a return on equity of 23.23%. The company’s revenue was up 26.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.15 EPS. analysts expect that Cintas Co. will post 5.45 earnings per share for the current year.

Several equities research analysts have issued reports on the stock. KeyCorp reaffirmed an “overweight” rating and set a $174.00 target price (up previously from $148.00) on shares of Cintas in a research note on Tuesday, December 19th. Morgan Stanley lifted their target price on shares of Cintas from $130.00 to $151.00 and gave the stock an “underweight” rating in a research note on Wednesday, January 31st. Oppenheimer reaffirmed a “hold” rating on shares of Cintas in a research note on Friday, December 22nd. William Blair reaffirmed a “buy” rating on shares of Cintas in a research note on Tuesday, December 26th. Finally, Zacks Investment Research cut shares of Cintas from a “buy” rating to a “hold” rating in a research note on Thursday, November 9th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. Cintas presently has a consensus rating of “Hold” and an average price target of $155.91.

In other news, insider James Phillip Holloman sold 12,386 shares of the business’s stock in a transaction dated Friday, January 12th. The shares were sold at an average price of $160.92, for a total transaction of $1,993,155.12. Following the transaction, the insider now owns 141,328 shares of the company’s stock, valued at approximately $22,742,501.76. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 18.90% of the company’s stock.

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

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