Rosenblum Silverman Sutton S F Inc. CA Trims Holdings in Cintas Co. (NASDAQ:CTAS)

Rosenblum Silverman Sutton S F Inc. CA trimmed its position in Cintas Co. (NASDAQ:CTAS) by 0.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,926 shares of the business services provider’s stock after selling 45 shares during the quarter. Cintas comprises approximately 2.6% of Rosenblum Silverman Sutton S F Inc. CA’s holdings, making the stock its 14th biggest position. Rosenblum Silverman Sutton S F Inc. CA’s holdings in Cintas were worth $6,864,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in CTAS. Dimensional Fund Advisors LP lifted its position in Cintas by 3.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 451,053 shares of the business services provider’s stock valued at $75,772,000 after purchasing an additional 13,371 shares during the last quarter. Geode Capital Management LLC lifted its position in Cintas by 6.0% during the fourth quarter. Geode Capital Management LLC now owns 1,168,562 shares of the business services provider’s stock valued at $195,972,000 after purchasing an additional 66,402 shares during the last quarter. Mercer Global Advisors Inc. ADV bought a new stake in shares of Cintas in the 1st quarter worth approximately $247,000. First Bank & Trust lifted its holdings in shares of Cintas by 20.9% in the 1st quarter. First Bank & Trust now owns 2,949 shares of the business services provider’s stock worth $596,000 after acquiring an additional 509 shares during the last quarter. Finally, Flagship Harbor Advisors LLC lifted its holdings in shares of Cintas by 4.1% in the 1st quarter. Flagship Harbor Advisors LLC now owns 1,276 shares of the business services provider’s stock worth $257,000 after acquiring an additional 50 shares during the last quarter. 68.23% of the stock is owned by institutional investors.

Shares of CTAS traded down $2.13 during mid-day trading on Monday, reaching $261.29. The company’s stock had a trading volume of 241,897 shares, compared to its average volume of 674,155. The firm has a market capitalization of $27.09 billion, a PE ratio of 34.38, a PEG ratio of 3.07 and a beta of 0.99. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.69 and a current ratio of 1.98. Cintas Co. has a 52 week low of $155.98 and a 52 week high of $266.56. The stock’s fifty day moving average price is $248.43.

Cintas (NASDAQ:CTAS) last issued its earnings results on Tuesday, July 16th. The business services provider reported $2.07 EPS for the quarter, topping the consensus estimate of $1.94 by $0.13. Cintas had a net margin of 12.80% and a return on equity of 26.77%. The company had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.78 billion. During the same period in the previous year, the firm earned $1.77 earnings per share. The firm’s revenue for the quarter was up 7.4% on a year-over-year basis. As a group, sell-side analysts expect that Cintas Co. will post 8.45 EPS for the current fiscal year.

In related news, VP Thomas E. Frooman sold 5,373 shares of Cintas stock in a transaction on Tuesday, July 23rd. The shares were sold at an average price of $260.79, for a total value of $1,401,224.67. Following the transaction, the vice president now directly owns 127,624 shares of the company’s stock, valued at $33,283,062.96. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Michael Lawrence Thompson sold 4,888 shares of Cintas stock in a transaction on Tuesday, July 23rd. The stock was sold at an average price of $260.79, for a total transaction of $1,274,741.52. Following the completion of the transaction, the insider now directly owns 69,053 shares in the company, valued at $18,008,331.87. The disclosure for this sale can be found here. 19.10% of the stock is owned by insiders.

A number of equities research analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of Cintas from a “hold” rating to a “buy” rating and set a $273.00 price objective for the company in a report on Thursday, July 18th. BidaskClub upgraded shares of Cintas from a “hold” rating to a “buy” rating in a report on Friday. Nomura boosted their price objective on shares of Cintas from $217.00 to $248.00 and gave the stock a “neutral” rating in a report on Monday, July 22nd. Royal Bank of Canada boosted their price objective on shares of Cintas to $267.00 and gave the stock an “outperform” rating in a report on Wednesday, July 17th. Finally, Credit Suisse Group boosted their price objective on shares of Cintas from $160.00 to $195.00 and gave the stock a “neutral” rating in a report on Wednesday, July 17th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and nine have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $228.06.

Cintas Profile

Cintas Corporation provides corporate identity uniforms and related business services primarily in North America, Latin America, Europe, and Asia. It operates through Uniform Rental and Facility Services and First Aid and Safety Services segments. The company rents and services uniforms and other garments, including flame resistant clothing, mats, mops and shop towels, and other ancillary items; and provides restroom cleaning services and supplies, and carpet and tile cleaning services, as well as sells uniforms directly.

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Institutional Ownership by Quarter for Cintas (NASDAQ:CTAS)

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