Bristlecone Advisors LLC Sells 165 Shares of Cintas Co. (CTAS)

Bristlecone Advisors LLC reduced its stake in Cintas Co. (NASDAQ:CTAS) by 1.6% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 10,135 shares of the business services provider’s stock after selling 165 shares during the quarter. Bristlecone Advisors LLC’s holdings in Cintas were worth $2,048,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the business. Mercer Global Advisors Inc. ADV purchased a new position in shares of Cintas during the first quarter valued at about $929,000. CWM LLC grew its position in shares of Cintas by 52.4% during the first quarter. CWM LLC now owns 192 shares of the business services provider’s stock valued at $39,000 after purchasing an additional 66 shares in the last quarter. Liberty Capital Management Inc. grew its position in shares of Cintas by 2.9% during the first quarter. Liberty Capital Management Inc. now owns 14,674 shares of the business services provider’s stock valued at $2,966,000 after purchasing an additional 415 shares in the last quarter. Financial Gravity Wealth Inc. purchased a new position in shares of Cintas during the first quarter valued at about $36,000. Finally, Oakbrook Investments LLC purchased a new position in shares of Cintas during the first quarter valued at about $237,000. 67.04% of the stock is currently owned by institutional investors and hedge funds.

CTAS traded up $2.63 on Tuesday, hitting $213.40. The company had a trading volume of 275,065 shares, compared to its average volume of 490,173. The firm has a market cap of $22.06 billion, a P/E ratio of 35.93, a P/E/G ratio of 2.35 and a beta of 1.08. Cintas Co. has a 12-month low of $155.98 and a 12-month high of $217.34. The company has a current ratio of 2.24, a quick ratio of 1.89 and a debt-to-equity ratio of 0.80.

Cintas (NASDAQ:CTAS) last released its quarterly earnings results on Thursday, March 21st. The business services provider reported $1.84 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.71 by $0.13. The company had revenue of $1.68 million during the quarter, compared to analyst estimates of $1.69 billion. Cintas had a return on equity of 25.85% and a net margin of 12.44%. The firm’s revenue was down 99.9% on a year-over-year basis. During the same quarter last year, the business posted $1.37 earnings per share. On average, research analysts forecast that Cintas Co. will post 7.46 earnings per share for the current fiscal year.

CTAS has been the subject of a number of research analyst reports. BidaskClub upgraded Cintas from a “hold” rating to a “buy” rating in a research report on Thursday, December 27th. Bank of America upgraded Cintas from a “neutral” rating to a “buy” rating and set a $166.50 price objective for the company in a research report on Thursday, January 3rd. They noted that the move was a valuation call. Morgan Stanley cut their price objective on Cintas from $167.00 to $163.00 and set an “underweight” rating for the company in a research report on Tuesday, January 8th. ValuEngine upgraded Cintas from a “hold” rating to a “buy” rating in a research report on Monday, February 4th. Finally, Zacks Investment Research lowered Cintas from a “hold” rating to a “sell” rating in a research report on Monday, March 11th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $194.45.

In related news, insider Michael Lawrence Thompson sold 1,000 shares of Cintas stock in a transaction dated Tuesday, February 12th. The stock was sold at an average price of $200.60, for a total value of $200,600.00. Following the completion of the transaction, the insider now owns 64,165 shares in the company, valued at $12,871,499. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Thomas E. Frooman sold 2,415 shares of Cintas stock in a transaction dated Wednesday, April 3rd. The stock was sold at an average price of $207.81, for a total value of $501,861.15. Following the completion of the transaction, the vice president now owns 122,251 shares of the company’s stock, valued at approximately $25,404,980.31. The disclosure for this sale can be found here. In the last quarter, insiders sold 8,155 shares of company stock valued at $1,658,496. 19.10% of the stock is currently owned by company insiders.

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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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