IFP Advisors Inc Sells 665 Shares of Cintas Co. (CTAS)

IFP Advisors Inc decreased its holdings in shares of Cintas Co. (NASDAQ:CTAS) by 6.0% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 10,482 shares of the business services provider’s stock after selling 665 shares during the period. IFP Advisors Inc’s holdings in Cintas were worth $1,788,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in CTAS. Bank of Montreal Can boosted its stake in shares of Cintas by 38.0% during the fourth quarter. Bank of Montreal Can now owns 80,848 shares of the business services provider’s stock worth $12,599,000 after buying an additional 22,276 shares during the period. Creative Planning boosted its stake in shares of Cintas by 19.6% during the fourth quarter. Creative Planning now owns 6,303 shares of the business services provider’s stock worth $982,000 after buying an additional 1,032 shares during the period. Schwab Charles Investment Management Inc. raised its holdings in Cintas by 5.2% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 309,949 shares of the business services provider’s stock worth $48,300,000 after purchasing an additional 15,269 shares in the last quarter. State of Alaska Department of Revenue raised its holdings in Cintas by 60.4% during the fourth quarter. State of Alaska Department of Revenue now owns 14,708 shares of the business services provider’s stock worth $2,291,000 after purchasing an additional 5,540 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC raised its holdings in Cintas by 978.5% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,308 shares of the business services provider’s stock worth $359,000 after purchasing an additional 2,094 shares in the last quarter. Institutional investors and hedge funds own 66.77% of the company’s stock.

In other Cintas news, VP Thomas E. Frooman sold 11,500 shares of the stock in a transaction dated Monday, May 7th. The shares were sold at an average price of $175.96, for a total value of $2,023,540.00. Following the completion of the transaction, the vice president now directly owns 106,926 shares of the company’s stock, valued at $18,814,698.96. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider James Phillip Holloman sold 7,523 shares of the stock in a transaction dated Monday, April 30th. The shares were sold at an average price of $171.26, for a total transaction of $1,288,388.98. Following the completion of the transaction, the insider now directly owns 133,491 shares of the company’s stock, valued at $22,861,668.66. The disclosure for this sale can be found here. Company insiders own 18.90% of the company’s stock.

Shares of Cintas stock opened at $180.84 on Friday. Cintas Co. has a 12-month low of $123.00 and a 12-month high of $184.22. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.16 and a quick ratio of 1.86. The stock has a market capitalization of $19.39 billion, a price-to-earnings ratio of 34.02, a P/E/G ratio of 2.60 and a beta of 0.90.

Cintas (NASDAQ:CTAS) last issued its earnings results on Thursday, March 22nd. The business services provider reported $1.37 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.27 by $0.10. Cintas had a net margin of 11.69% and a return on equity of 22.86%. The company had revenue of $1.59 billion during the quarter, compared to analysts’ expectations of $1.57 billion. During the same period last year, the company posted $1.11 earnings per share. The firm’s quarterly revenue was up 26.6% compared to the same quarter last year. sell-side analysts predict that Cintas Co. will post 5.83 earnings per share for the current year.

CTAS has been the subject of several analyst reports. Robert W. Baird reissued a “buy” rating and set a $200.00 price target on shares of Cintas in a report on Friday, March 23rd. Zacks Investment Research raised shares of Cintas from a “hold” rating to a “buy” rating and set a $193.00 price target for the company in a report on Thursday, March 8th. ValuEngine raised shares of Cintas from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Goldman Sachs Group initiated coverage on shares of Cintas in a report on Tuesday, March 27th. They set a “conviction-buy” rating and a $210.00 price target for the company. Finally, Stifel Nicolaus increased their price target on shares of Cintas from $145.00 to $162.00 and gave the stock a “hold” rating in a report on Friday, March 23rd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, seven have given a buy rating and two have issued a strong buy rating to the stock. Cintas currently has an average rating of “Buy” and a consensus target price of $169.45.

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; First Aid and Safety Services; and All Other 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.

Institutional Ownership by Quarter for Cintas (NASDAQ:CTAS)

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