Rothschild Asset Management Inc. cut its position in Cintas Corporation (NASDAQ:CTAS) by 8.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,233 shares of the business services provider’s stock after selling 383 shares during the period. Rothschild Asset Management Inc.’s holdings in Cintas Corporation were worth $534,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in CTAS. Parallel Advisors LLC boosted its position in Cintas Corporation by 19.4% in the first quarter. Parallel Advisors LLC now owns 862 shares of the business services provider’s stock worth $104,000 after buying an additional 140 shares in the last quarter. YorkBridge Wealth Partners LLC boosted its position in Cintas Corporation by 11.6% in the first quarter. YorkBridge Wealth Partners LLC now owns 1,023 shares of the business services provider’s stock worth $125,000 after buying an additional 106 shares in the last quarter. Van ECK Associates Corp boosted its position in Cintas Corporation by 8.1% in the first quarter. Van ECK Associates Corp now owns 1,214 shares of the business services provider’s stock worth $154,000 after buying an additional 91 shares in the last quarter. Global X Management Co. LLC boosted its position in Cintas Corporation by 39.7% in the first quarter. Global X Management Co. LLC now owns 1,559 shares of the business services provider’s stock worth $197,000 after buying an additional 443 shares in the last quarter. Finally, Marble Harbor Investment Counsel LLC bought a new position in Cintas Corporation during the first quarter worth approximately $202,000. 68.58% of the stock is owned by institutional investors and hedge funds.

Shares of Cintas Corporation (NASDAQ CTAS) opened at 130.33 on Friday. The company’s 50-day moving average is $130.29 and its 200-day moving average is $124.04. The company has a market capitalization of $13.74 billion, a price-to-earnings ratio of 29.71 and a beta of 0.84. Cintas Corporation has a 12-month low of $102.07 and a 12-month high of $139.74.

Cintas Corporation (NASDAQ:CTAS) last issued its quarterly earnings results on Thursday, July 20th. The business services provider reported $0.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.05 by $0.30. The company had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.53 billion. Cintas Corporation had a return on equity of 23.38% and a net margin of 8.90%. The firm’s quarterly revenue was up 23.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.08 earnings per share. Analysts predict that Cintas Corporation will post $5.23 EPS for the current year.

COPYRIGHT VIOLATION NOTICE: “Rothschild Asset Management Inc. Cuts Stake in Cintas Corporation (NASDAQ:CTAS)” was first published by Watch List News and is the sole property of of Watch List News. If you are reading this piece on another domain, it was illegally copied and reposted in violation of US and international trademark & copyright law. The legal version of this piece can be read at https://www.watchlistnews.com/rothschild-asset-management-inc-cuts-stake-in-cintas-corporation-nasdaqctas/1476744.html.

CTAS has been the subject of a number of recent research reports. Deutsche Bank AG set a $130.00 price objective on shares of Cintas Corporation and gave the stock a “hold” rating in a report on Friday, July 21st. Instinet lowered shares of Cintas Corporation from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $142.00 to $130.00 in a report on Tuesday, June 27th. Stifel Nicolaus boosted their price objective on shares of Cintas Corporation from $123.00 to $136.00 and gave the stock a “hold” rating in a report on Friday, July 21st. 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 report on Monday, July 10th. Finally, BidaskClub lowered shares of Cintas Corporation from a “hold” rating to a “sell” rating in a report on Monday, July 31st. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the company. Cintas Corporation currently has a consensus rating of “Hold” and an average target price of $133.42.

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.

Want to see what other hedge funds are holding CTAS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cintas Corporation (NASDAQ:CTAS).

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

Receive News & Ratings for Cintas Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cintas Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.