Amalgamated Bank lifted its stake in shares of Cintas Corporation (NASDAQ:CTAS) by 51.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,093 shares of the business services provider’s stock after buying an additional 3,420 shares during the period. Amalgamated Bank’s holdings in Cintas Corporation were worth $1,272,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of CTAS. BlackRock Inc. lifted its stake in shares of Cintas Corporation by 1,737.2% during the first quarter. BlackRock Inc. now owns 6,465,344 shares of the business services provider’s stock worth $818,121,000 after buying an additional 6,113,425 shares during the period. MARSHALL WACE ASIA Ltd acquired a new stake in shares of Cintas Corporation during the first quarter worth $57,378,000. Marshall Wace North America L.P. acquired a new stake in shares of Cintas Corporation during the first quarter worth $57,378,000. Artisan Partners Limited Partnership lifted its stake in shares of Cintas Corporation by 34.4% during the first quarter. Artisan Partners Limited Partnership now owns 1,304,321 shares of the business services provider’s stock worth $165,049,000 after buying an additional 333,957 shares during the period. Finally, Morgan Stanley lifted its stake in shares of Cintas Corporation by 128.7% during the first quarter. Morgan Stanley now owns 535,838 shares of the business services provider’s stock worth $67,804,000 after buying an additional 301,551 shares during the period. Institutional investors and hedge funds own 64.76% of the company’s stock.

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Cintas Corporation (CTAS) opened at 136.65 on Friday. The company’s 50-day moving average is $133.77 and its 200-day moving average is $127.29. Cintas Corporation has a 52-week low of $102.07 and a 52-week high of $139.74. The firm has a market capitalization of $14.41 billion, a P/E ratio of 31.15 and a beta of 0.85.

Cintas Corporation (NASDAQ:CTAS) last issued its quarterly earnings results on Thursday, July 20th. The business services provider reported $0.75 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.05 by ($0.30). The business had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.53 billion. Cintas Corporation had a return on equity of 23.38% and a net margin of 8.90%. The firm’s revenue for the quarter was up 23.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.08 EPS. On average, analysts predict that Cintas Corporation will post $5.22 EPS for the current year.

In related news, Director Gerald S. Adolph sold 2,000 shares of the stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $133.69, for a total transaction of $267,380.00. Following the completion of the sale, the director now owns 13,135 shares in the company, valued at approximately $1,756,018.15. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO J. Michael Hansen sold 800 shares of the stock in a transaction on Friday, August 11th. The stock was sold at an average price of $130.75, for a total transaction of $104,600.00. Following the sale, the chief financial officer now owns 54,370 shares of the company’s stock, valued at approximately $7,108,877.50. The disclosure for this sale can be found here. 18.90% of the stock is owned by corporate insiders.

Several equities research analysts have recently commented on CTAS shares. Zacks Investment Research upgraded shares of Cintas Corporation from a “hold” rating to a “buy” rating and set a $141.00 price objective for the company in a research note on Monday, July 10th. Robert W. Baird set a $152.00 price objective on shares of Cintas Corporation and gave the stock a “buy” rating in a research note on Thursday, August 24th. Royal Bank Of Canada reiterated a “hold” rating and set a $130.00 price objective on shares of Cintas Corporation in a research note on Friday, July 21st. Deutsche Bank AG set a $130.00 price objective on shares of Cintas Corporation and gave the stock a “hold” rating in a research note on Friday, July 21st. Finally, Stifel Nicolaus lifted their price objective on shares of Cintas Corporation from $123.00 to $136.00 and gave the stock a “hold” rating in a research note on Friday, July 21st. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $135.70.

Cintas Corporation 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.

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

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