Horizon Investments LLC lifted its holdings in shares of Cintas Corporation (NASDAQ:CTAS) by 1.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,866 shares of the business services provider’s stock after purchasing an additional 59 shares during the quarter. Horizon Investments LLC’s holdings in Cintas Corporation were worth $595,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in CTAS. Parallel Advisors LLC boosted its holdings in Cintas Corporation by 19.4% during the 1st quarter. Parallel Advisors LLC now owns 862 shares of the business services provider’s stock valued at $104,000 after acquiring an additional 140 shares during the period. First Personal Financial Services boosted its holdings in Cintas Corporation by 0.8% during the 2nd quarter. First Personal Financial Services now owns 1,147 shares of the business services provider’s stock valued at $145,000 after acquiring an additional 9 shares during the period. Paradigm Asset Management Co. LLC boosted its holdings in Cintas Corporation by 4.3% during the 2nd quarter. Paradigm Asset Management Co. LLC now owns 1,200 shares of the business services provider’s stock valued at $151,000 after acquiring an additional 50 shares during the period. Van ECK Associates Corp boosted its holdings in Cintas Corporation by 8.1% during the 1st quarter. Van ECK Associates Corp now owns 1,214 shares of the business services provider’s stock valued at $154,000 after acquiring an additional 91 shares during the period. Finally, Global X Management Co. LLC boosted its stake in shares of Cintas Corporation by 39.7% in the 1st quarter. Global X Management Co. LLC now owns 1,559 shares of the business services provider’s stock valued at $197,000 after buying an additional 443 shares during the period. Institutional investors and hedge funds own 64.76% of the company’s stock.

Shares of Cintas Corporation (NASDAQ CTAS) traded down 0.58% during midday trading on Friday, hitting $136.65. The stock had a trading volume of 562,988 shares. Cintas Corporation has a one year low of $102.07 and a one year high of $139.74. The company has a market cap of $14.41 billion, a P/E ratio of 31.15 and a beta of 0.85. The stock has a 50 day moving average of $133.77 and a 200-day moving average of $127.29.

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

CTAS has been the subject of several recent research reports. Instinet cut Cintas Corporation from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $142.00 to $130.00 in a research note on Tuesday, June 27th. Nomura cut Cintas Corporation from a “buy” rating to a “neutral” rating in a research note on Wednesday, June 28th. Deutsche Bank AG set a $130.00 price objective on Cintas Corporation and gave the company a “hold” rating in a research note on Friday, July 21st. Zacks Investment Research upgraded Cintas Corporation from a “hold” rating to a “buy” rating and set a $142.00 price objective for the company in a research note on Friday, June 2nd. Finally, Royal Bank Of Canada reiterated a “hold” rating and issued a $130.00 price objective on shares of Cintas Corporation in a research note on Friday, July 21st. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $135.70.

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In other Cintas Corporation news, CFO J. Michael Hansen sold 800 shares of the company’s stock in a transaction that occurred 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 in the company, valued at $7,108,877.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Gerald S. Adolph sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $133.69, for a total value of $267,380.00. Following the sale, the director now owns 13,135 shares in the company, valued at approximately $1,756,018.15. The disclosure for this sale can be found here. Corporate insiders own 18.90% of the company’s stock.

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.

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

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