Weik Investment Services Inc. Sells 200 Shares of Cintas Corporation (CTAS)
Weik Investment Services Inc. lowered its stake in shares of Cintas Corporation (NASDAQ:CTAS) by 1.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,525 shares of the business services provider’s stock after selling 200 shares during the quarter. Weik Investment Services Inc.’s holdings in Cintas Corporation were worth $1,957,000 at the end of the most recent quarter.
A number of other institutional investors also recently made changes to their positions in CTAS. Parallel Advisors LLC grew its stake in shares of Cintas Corporation by 19.4% in the 1st quarter. Parallel Advisors LLC now owns 862 shares of the business services provider’s stock worth $104,000 after acquiring an additional 140 shares in the last quarter. QS Investors LLC grew its position in Cintas Corporation by 1.0% in the 2nd quarter. QS Investors LLC now owns 995 shares of the business services provider’s stock worth $125,000 after purchasing an additional 10 shares in the last quarter. YorkBridge Wealth Partners LLC grew its position in Cintas Corporation by 3.2% in the 2nd quarter. YorkBridge Wealth Partners LLC now owns 1,056 shares of the business services provider’s stock worth $133,000 after purchasing an additional 33 shares in the last quarter. First Personal Financial Services increased its stake in Cintas Corporation by 0.8% in the 2nd quarter. First Personal Financial Services now owns 1,147 shares of the business services provider’s stock valued at $145,000 after buying an additional 9 shares during the last quarter. Finally, Paradigm Asset Management Co. LLC increased its stake in Cintas Corporation by 4.3% in 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 buying an additional 50 shares during the last quarter. Institutional investors and hedge funds own 64.76% of the company’s stock.
In related news, CFO J. Michael Hansen sold 800 shares of the business’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 value of $104,600.00. Following the transaction, the chief financial officer now directly owns 54,370 shares of the company’s stock, valued at approximately $7,108,877.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Gerald S. Adolph sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $133.69, for a total value of $267,380.00. Following the completion of the transaction, the director now directly owns 13,135 shares in the company, valued at $1,756,018.15. The disclosure for this sale can be found here. Company insiders own 18.90% of the company’s stock.
Several equities analysts have commented on CTAS shares. Zacks Investment Research cut shares of Cintas Corporation from a “buy” rating to a “hold” rating in a research report on Monday, June 5th. BidaskClub raised Cintas Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, August 23rd. Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of Cintas Corporation in a research report on Wednesday, September 27th. William Blair reiterated an “ourperform” rating on shares of Cintas Corporation in a report on Wednesday, September 27th. Finally, Robert W. Baird reiterated an “outperform” rating and set a $165.00 price target (up from $152.00) on shares of Cintas Corporation in a report on Thursday. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the stock. Cintas Corporation currently has a consensus rating of “Hold” and an average target price of $140.70.
Shares of Cintas Corporation (NASDAQ:CTAS) traded up 0.48% during midday trading on Monday, reaching $144.97. 234,636 shares of the company’s stock were exchanged. The stock has a market cap of $15.39 billion, a price-to-earnings ratio of 28.42 and a beta of 0.86. Cintas Corporation has a one year low of $102.07 and a one year high of $145.04. The firm has a 50 day moving average of $133.77 and a 200-day moving average of $127.29.
Cintas Corporation (NASDAQ:CTAS) last announced its quarterly earnings data on Tuesday, September 26th. The business services provider reported $1.48 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.30 by $0.18. The business had revenue of $1.61 billion for the quarter, compared to the consensus estimate of $1.57 billion. Cintas Corporation had a return on equity of 23.71% and a net margin of 9.79%. The business’s revenue was up 27.2% on a year-over-year basis. During the same period in the previous year, the business earned $1.26 earnings per share. On average, equities research analysts anticipate that Cintas Corporation will post $5.35 earnings per share for the current year.
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.
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.