Candriam Luxembourg S.C.A. Has $1.36 Million Holdings in Cintas Co. (CTAS)

Candriam Luxembourg S.C.A. decreased its position in Cintas Co. (NASDAQ:CTAS) by 24.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,704 shares of the business services provider’s stock after selling 2,124 shares during the quarter. Candriam Luxembourg S.C.A.’s holdings in Cintas were worth $1,355,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Lunia Capital LP purchased a new position in shares of Cintas during the fourth quarter valued at about $15,696,000. Norges Bank purchased a new position in shares of Cintas during the fourth quarter valued at about $140,888,000. American Century Companies Inc. increased its position in shares of Cintas by 97.6% during the fourth quarter. American Century Companies Inc. now owns 1,172,508 shares of the business services provider’s stock valued at $196,970,000 after buying an additional 579,155 shares during the period. Waratah Capital Advisors Ltd. purchased a new position in shares of Cintas during the fourth quarter valued at about $40,285,000. Finally, Brown Advisory Inc. increased its position in shares of Cintas by 13.7% during 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 during the period. Hedge funds and other institutional investors own 67.15% of the company’s stock.

CTAS has been the topic of several research analyst reports. BidaskClub cut shares of Cintas from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, March 6th. ValuEngine upgraded shares of Cintas from a “hold” rating to a “buy” rating in a research report on Monday, February 4th. Morgan Stanley boosted their price target on shares of Cintas from $163.00 to $172.00 and gave the company an “underweight” rating in a research report on Friday, March 22nd. Zacks Investment Research cut shares of Cintas from a “hold” rating to a “sell” rating in a research report on Monday, March 11th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Cintas from $210.00 to $235.00 and gave the company an “overweight” rating in a research report on Friday, March 22nd. Two research analysts have rated the stock with a sell rating, four have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. Cintas presently has an average rating of “Hold” and an average target price of $194.45.

In other news, VP Thomas E. Frooman sold 1,740 shares of the company’s stock in a transaction that occurred on Thursday, February 14th. The shares were sold at an average price of $201.79, for a total value of $351,114.60. Following the transaction, the vice president now owns 124,666 shares in the company, valued at $25,156,352.14. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Joseph Scaminace sold 6,255 shares of the company’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $222.20, for a total transaction of $1,389,861.00. Following the completion of the transaction, the director now owns 7,973 shares in the company, valued at approximately $1,771,600.60. The disclosure for this sale can be found here. Insiders have sold 10,410 shares of company stock worth $2,242,837 in the last three months. 19.10% of the stock is currently owned by insiders.

NASDAQ:CTAS opened at $220.07 on Wednesday. Cintas Co. has a one year low of $155.98 and a one year high of $223.99. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.89 and a current ratio of 2.24. The stock has a market cap of $22.64 billion, a P/E ratio of 37.05, a price-to-earnings-growth ratio of 2.38 and a beta of 1.08.

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

Further Reading: What is a Swap?

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Institutional Ownership by Quarter for Cintas (NASDAQ:CTAS)

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