First Mercantile Trust Co. decreased its stake in shares of Cintas Corporation (NASDAQ:CTAS) by 59.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,115 shares of the business services provider’s stock after selling 6,139 shares during the period. First Mercantile Trust Co.’s holdings in Cintas Corporation were worth $519,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Lincoln National Corp increased its position in shares of Cintas Corporation by 0.8% in the first quarter. Lincoln National Corp now owns 1,845 shares of the business services provider’s stock valued at $234,000 after buying an additional 14 shares during the period. Bronfman E.L. Rothschild L.P. increased its position in shares of Cintas Corporation by 0.7% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 1,861 shares of the business services provider’s stock valued at $235,000 after buying an additional 13 shares during the period. Fifth Third Bancorp increased its position in shares of Cintas Corporation by 27.5% in the first quarter. Fifth Third Bancorp now owns 81,484 shares of the business services provider’s stock valued at $10,311,000 after buying an additional 17,567 shares during the period. FMR LLC increased its position in shares of Cintas Corporation by 23.1% in the first quarter. FMR LLC now owns 1,417,504 shares of the business services provider’s stock valued at $179,371,000 after buying an additional 265,971 shares during the period. Finally, Janney Montgomery Scott LLC increased its position in shares of Cintas Corporation by 5.7% in the first quarter. Janney Montgomery Scott LLC now owns 3,692 shares of the business services provider’s stock valued at $467,000 after buying an additional 198 shares during the period. 67.55% of the stock is owned by hedge funds and other institutional investors.

Cintas Corporation (NASDAQ CTAS) opened at 132.95 on Tuesday. Cintas Corporation has a 12 month low of $102.07 and a 12 month high of $139.74. The company’s 50 day moving average is $130.39 and its 200 day moving average is $124.27. The stock has a market cap of $14.02 billion, a PE ratio of 30.31 and a beta of 0.84.

Cintas Corporation (NASDAQ:CTAS) last announced its quarterly earnings data on Thursday, July 20th. The business services provider reported $0.75 earnings per share 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 company had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.53 billion. During the same quarter in the previous year, the business earned $1.08 EPS. The company’s quarterly revenue was up 23.1% compared to the same quarter last year. On average, analysts anticipate that Cintas Corporation will post $5.23 EPS for the current fiscal year.

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CTAS has been the subject of several recent analyst reports. Zacks Investment Research raised 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. Royal Bank Of Canada reaffirmed 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 company a “hold” rating in a research note on Friday, July 21st. Instinet downgraded shares of Cintas Corporation from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $142.00 to $130.00 in a research note on Tuesday, June 27th. Finally, Stifel Nicolaus upped their price objective on shares of Cintas Corporation from $123.00 to $136.00 and gave the company a “hold” rating in a research note on Friday, July 21st. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $133.42.

About Cintas Corporation

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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