Commonwealth of Pennsylvania Public School Empls Retrmt SYS Increases Position in Cintas Co. (CTAS)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in shares of Cintas Co. (NASDAQ:CTAS) by 4.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,951 shares of the business services provider’s stock after acquiring an additional 227 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Cintas were worth $1,001,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in CTAS. Nelson Roberts Investment Advisors LLC purchased a new stake in shares of Cintas in the 4th quarter valued at approximately $25,000. Capital Financial Planning LLC purchased a new stake in shares of Cintas in the 4th quarter valued at approximately $29,000. Financial Gravity Wealth Inc. purchased a new stake in shares of Cintas in the 1st quarter valued at approximately $36,000. CWM LLC grew its stake in shares of Cintas by 52.4% in the 1st quarter. CWM LLC now owns 192 shares of the business services provider’s stock valued at $39,000 after buying an additional 66 shares during the period. Finally, Washington Trust Bank purchased a new stake in shares of Cintas in the 1st quarter valued at approximately $45,000. 67.15% of the stock is owned by institutional investors.

Shares of CTAS stock opened at $227.01 on Wednesday. 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 Co. has a one year low of $155.98 and a one year high of $227.64. The company has a market capitalization of $23.60 billion, a PE ratio of 38.22, a P/E/G ratio of 2.46 and a beta of 1.08.

Cintas (NASDAQ:CTAS) last issued its quarterly earnings data on Thursday, March 21st. The business services provider reported $1.84 EPS for the quarter, topping the consensus estimate of $1.71 by $0.13. Cintas had a net margin of 12.44% and a return on equity of 25.85%. The firm had revenue of $1.68 million for the quarter, compared to analyst estimates of $1.69 billion. During the same period in the prior year, the business posted $1.37 EPS. The business’s revenue for the quarter was down 99.9% compared to the same quarter last year. Equities analysts expect that Cintas Co. will post 7.46 earnings per share for the current year.

In other news, Director Joseph Scaminace sold 6,255 shares of the company’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $222.20, for a total value of $1,389,861.00. Following the transaction, the director now directly owns 7,973 shares in the company, valued at approximately $1,771,600.60. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Thomas E. Frooman sold 2,415 shares of the company’s stock in a transaction that occurred on Wednesday, April 3rd. The stock was sold at an average price of $207.81, for a total transaction of $501,861.15. Following the completion of the transaction, the vice president now owns 122,251 shares in the company, valued at $25,404,980.31. The disclosure for this sale can be found here. Corporate insiders own 19.10% of the company’s stock.

CTAS has been the subject of several analyst reports. BidaskClub raised shares of Cintas from a “buy” rating to a “strong-buy” rating in a research note on Thursday, January 24th. JPMorgan Chase & Co. increased their price target on shares of Cintas from $210.00 to $235.00 and gave the company an “overweight” rating in a research note on Friday, March 22nd. Morgan Stanley increased their price target on shares of Cintas from $163.00 to $172.00 and gave the company an “underweight” rating in a research note on Friday, March 22nd. ValuEngine raised shares of Cintas from a “hold” rating to a “buy” rating in a research note on Monday, February 4th. Finally, Zacks Investment Research cut shares of Cintas from a “hold” rating to a “sell” rating in a research note on Monday, March 11th. One research analyst has rated the stock with a sell rating, four have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $200.05.

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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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