Cintas Corp. (CTAS) Shares Sold by Eaton Vance Management
Eaton Vance Management lowered its position in Cintas Corp. (NASDAQ:CTAS) by 40.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 31,536 shares of the company’s stock after selling 21,378 shares during the period. Eaton Vance Management’s holdings in Cintas Corp. were worth $3,095,000 as of its most recent SEC filing.
A number of other institutional investors have also bought and sold shares of the company. First Republic Investment Management Inc. boosted its position in Cintas Corp. by 158.5% in the first quarter. First Republic Investment Management Inc. now owns 326,334 shares of the company’s stock worth $29,307,000 after buying an additional 200,096 shares during the last quarter. Geode Capital Management LLC boosted its position in Cintas Corp. by 2.1% in the first quarter. Geode Capital Management LLC now owns 806,175 shares of the company’s stock worth $72,271,000 after buying an additional 16,574 shares during the last quarter. Callahan Advisors LLC boosted its position in Cintas Corp. by 18.3% in the second quarter. Callahan Advisors LLC now owns 19,010 shares of the company’s stock worth $1,865,000 after buying an additional 2,945 shares during the last quarter. Virginia Retirement System acquired a new position in Cintas Corp. during the first quarter worth approximately $6,061,000. Finally, Boston Advisors LLC boosted its position in Cintas Corp. by 1.9% in the first quarter. Boston Advisors LLC now owns 51,301 shares of the company’s stock worth $4,607,000 after buying an additional 978 shares during the last quarter. Institutional investors and hedge funds own 65.78% of the company’s stock.
Shares of Cintas Corp. (NASDAQ:CTAS) traded down 0.55% on Wednesday, reaching $113.23. 207,225 shares of the company were exchanged. The stock has a market capitalization of $11.80 billion, a PE ratio of 18.14 and a beta of 0.85. The firm has a 50 day moving average price of $112.90 and a 200-day moving average price of $98.53. Cintas Corp. has a 12-month low of $80.00 and a 12-month high of $119.94.
Cintas Corp. (NASDAQ:CTAS) last issued its quarterly earnings data on Tuesday, July 19th. The company reported $1.08 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.00 by $0.08. Cintas Corp. had a net margin of 14.14% and a return on equity of 24.16%. The business earned $1.27 billion during the quarter, compared to the consensus estimate of $1.25 billion. During the same period in the prior year, the firm posted $0.86 EPS. On average, analysts predict that Cintas Corp. will post $4.42 EPS for the current fiscal year.
CTAS has been the subject of a number of research analyst reports. Macquarie initiated coverage on Cintas Corp. in a report on Thursday, August 25th. They set a “neutral” rating and a $130.00 price target for the company. Zacks Investment Research cut Cintas Corp. from a “hold” rating to a “sell” rating in a report on Tuesday. Robert W. Baird upgraded shares of Cintas Corp. from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $111.00 to $140.00 in a research report on Wednesday, August 17th. Piper Jaffray Cos. restated a “neutral” rating and set a $106.00 price objective (up from $95.00) on shares of Cintas Corp. in a research report on Wednesday, July 20th. Finally, Barclays PLC upgraded shares of Cintas Corp. from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $110.00 to $130.00 in a research report on Wednesday, August 17th. Three analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company’s stock. Cintas Corp. presently has an average rating of “Hold” and an average target price of $112.36.
In other Cintas Corp. news, Director Gerald S. Adolph sold 2,000 shares of the company’s stock in a transaction dated Monday, July 25th. The shares were sold at an average price of $108.12, for a total value of $216,240.00. Following the completion of the sale, the director now directly owns 11,590 shares of the company’s stock, valued at approximately $1,253,110.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 19.10% of the stock is currently owned by company insiders.
Cintas Corp. Company 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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