First Financial Bank Trust Division Invests $247,000 in Cintas Co. (CTAS) Stock

First Financial Bank Trust Division purchased a new position in Cintas Co. (NASDAQ:CTAS) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,225 shares of the business services provider’s stock, valued at approximately $247,000.

A number of other hedge funds and other institutional investors have also modified their holdings of CTAS. Lunia Capital LP purchased a new position in shares of Cintas in the fourth quarter worth about $15,696,000. Vanguard Group Inc. increased its position in shares of Cintas by 0.5% in the third quarter. Vanguard Group Inc. now owns 9,605,402 shares of the business services provider’s stock valued at $1,900,044,000 after buying an additional 48,586 shares in the last quarter. Vanguard Group Inc increased its position in shares of Cintas by 0.5% in the third quarter. Vanguard Group Inc now owns 9,605,402 shares of the business services provider’s stock valued at $1,900,044,000 after buying an additional 48,586 shares in the last quarter. BlackRock Inc. increased its position in shares of Cintas by 0.8% in the fourth quarter. BlackRock Inc. now owns 5,824,178 shares of the business services provider’s stock valued at $978,406,000 after buying an additional 44,087 shares in the last quarter. Finally, Brown Advisory Inc. increased its position in shares of Cintas by 13.7% in the fourth quarter. Brown Advisory Inc. now owns 1,894,686 shares of the business services provider’s stock valued at $318,289,000 after buying an additional 228,596 shares in the last quarter. 67.04% of the stock is owned by institutional investors and hedge funds.

In other news, Director Ronald W. Tysoe sold 3,000 shares of the stock in a transaction that occurred on Wednesday, February 13th. The stock was sold at an average price of $201.64, for a total transaction of $604,920.00. Following the completion of the transaction, the director now directly owns 5,667 shares of the company’s stock, valued at approximately $1,142,693.88. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Thomas E. Frooman sold 1,740 shares of the stock in a transaction that occurred on Thursday, February 14th. The stock was sold at an average price of $201.79, for a total value of $351,114.60. Following the transaction, the vice president now directly owns 124,666 shares of the company’s stock, valued at $25,156,352.14. The disclosure for this sale can be found here. Insiders have sold a total of 8,155 shares of company stock valued at $1,658,496 over the last ninety days. 19.10% of the stock is owned by insiders.

CTAS has been the subject of a number of recent analyst reports. Morgan Stanley cut their price objective on Cintas from $167.00 to $163.00 and set an “underweight” rating for the company in a research report on Tuesday, January 8th. Bank of America upgraded Cintas from a “neutral” rating to a “buy” rating and set a $166.50 price objective for the company in a research report on Thursday, January 3rd. They noted that the move was a valuation call. BidaskClub raised Cintas from a “buy” rating to a “strong-buy” rating in a research note on Thursday, January 24th. Robert W. Baird lowered their price target on Cintas from $235.00 to $201.00 and set an “outperform” rating on the stock in a research note on Friday, December 21st. Finally, Credit Suisse Group lowered their price target on Cintas from $205.00 to $160.00 and set a “neutral” rating on the stock in a research note on Friday, December 21st. Two analysts have rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $194.45.

NASDAQ CTAS traded down $0.05 on Wednesday, reaching $209.28. 6,127 shares of the company were exchanged, compared to its average volume of 493,263. The firm has a market capitalization of $21.89 billion, a P/E ratio of 35.32, a price-to-earnings-growth ratio of 2.29 and a beta of 1.08. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.89 and a current ratio of 2.24. Cintas Co. has a fifty-two week low of $155.98 and a fifty-two week high of $217.34.

Cintas (NASDAQ:CTAS) last posted its earnings results on Thursday, March 21st. The business services provider reported $1.84 EPS for the quarter, beating the Zacks’ consensus estimate of $1.71 by $0.13. Cintas had a return on equity of 25.85% and a net margin of 12.44%. The company had revenue of $1.68 million for the quarter, compared to the consensus estimate of $1.69 billion. During the same quarter in the previous year, the business earned $1.37 earnings per share. The company’s revenue for the quarter was down 99.9% on a year-over-year basis. As a group, sell-side analysts forecast that Cintas Co. will post 7.46 EPS for the current year.

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Cintas Company 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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