OLD Mission Capital LLC Takes $224,000 Position in Cintas Co. (NASDAQ:CTAS)

OLD Mission Capital LLC acquired a new stake in shares of Cintas Co. (NASDAQ:CTAS) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 1,332 shares of the business services provider’s stock, valued at approximately $224,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Empire Life Investments Inc. acquired a new stake in Cintas in the 4th quarter worth about $5,381,000. Quantbot Technologies LP acquired a new stake in Cintas in the 3rd quarter worth about $1,784,000. CENTRAL TRUST Co boosted its holdings in Cintas by 940.2% in the 4th quarter. CENTRAL TRUST Co now owns 1,217 shares of the business services provider’s stock worth $204,000 after buying an additional 1,100 shares during the last quarter. Jennison Associates LLC boosted its holdings in Cintas by 1.5% in the 4th quarter. Jennison Associates LLC now owns 254,636 shares of the business services provider’s stock worth $42,776,000 after buying an additional 3,883 shares during the last quarter. Finally, Rowland & Co. Investment Counsel ADV boosted its holdings in Cintas by 51.3% in the 4th quarter. Rowland & Co. Investment Counsel ADV now owns 6,473 shares of the business services provider’s stock worth $1,087,000 after buying an additional 2,195 shares during the last quarter. Institutional investors and hedge funds own 67.06% of the company’s stock.

In other Cintas news, insider Michael Lawrence Thompson sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 12th. The stock was sold at an average price of $200.60, for a total value of $200,600.00. Following the sale, the insider now owns 64,165 shares of the company’s stock, valued at $12,871,499. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Thomas E. Frooman sold 2,415 shares of the company’s stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of $207.81, for a total value of $501,861.15. Following the sale, the vice president now directly owns 122,251 shares in the company, valued at approximately $25,404,980.31. The disclosure for this sale can be found here. In the last three months, insiders sold 8,155 shares of company stock worth $1,658,496. 19.10% of the stock is owned by corporate insiders.

Shares of CTAS stock traded up $0.83 during trading on Monday, hitting $208.23. 395,361 shares of the stock traded hands, compared to its average volume of 497,757. The firm has a market cap of $21.69 billion, a PE ratio of 35.06, a PEG ratio of 2.26 and a beta of 1.08. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.70 and a current ratio of 2.24. Cintas Co. has a 52-week low of $155.98 and a 52-week high of $217.34.

Cintas (NASDAQ:CTAS) last announced its earnings results on Thursday, March 21st. The business services provider reported $1.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.71 by $0.13. The company had revenue of $1.68 million for the quarter, compared to analyst estimates of $1.69 billion. Cintas had a return on equity of 25.85% and a net margin of 12.44%. The firm’s quarterly revenue was down 99.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.37 earnings per share. Equities research analysts predict that Cintas Co. will post 7.46 EPS for the current fiscal year.

Several research analysts have recently weighed in on the company. Zacks Investment Research cut Cintas from a “hold” rating to a “sell” rating in a report on Monday, March 11th. ValuEngine upgraded Cintas from a “hold” rating to a “buy” rating in a report on Monday, February 4th. Morgan Stanley boosted their target price on Cintas from $163.00 to $172.00 and gave the stock an “underweight” rating in a report on Friday, March 22nd. BidaskClub cut Cintas from a “strong-buy” rating to a “buy” rating in a report on Wednesday, March 6th. Finally, JPMorgan Chase & Co. boosted their target price on Cintas from $210.00 to $235.00 and gave the stock an “overweight” rating in a report on Friday, March 22nd. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $194.45.

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Cintas Profile

Cintas Corporation provides corporate identity uniforms and related business services primarily in North America, Latin America, Europe, and Asia. It operates through Uniform Rental and Facility Services and First Aid and Safety Services segments. The company rents and services uniforms and other garments, including flame resistant clothing, mats, mops and shop towels, and other ancillary items; and provides restroom cleaning services and supplies, and carpet and tile cleaning services, as well as sells uniforms directly.

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Institutional Ownership by Quarter for Cintas (NASDAQ:CTAS)

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