Lionstone Capital Management LLC Takes $17.39 Million Position in Cintas Corporation (CTAS)

Lionstone Capital Management LLC bought a new stake in shares of Cintas Corporation (NASDAQ:CTAS) during the 2nd quarter, according to its most recent filing with the SEC. The firm bought 138,000 shares of the business services provider’s stock, valued at approximately $17,394,000. Cintas Corporation accounts for 8.9% of Lionstone Capital Management LLC’s holdings, making the stock its 7th biggest position. Lionstone Capital Management LLC owned 0.13% of Cintas Corporation as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the stock. First Personal Financial Services raised its holdings in shares of Cintas Corporation by 0.8% during 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 period. Rehmann Capital Advisory Group raised its holdings in shares of Cintas Corporation by 0.6% during the 2nd quarter. Rehmann Capital Advisory Group now owns 1,674 shares of the business services provider’s stock valued at $211,000 after buying an additional 10 shares during the period. Alps Advisors Inc. raised its holdings in shares of Cintas Corporation by 0.3% during the 2nd quarter. Alps Advisors Inc. now owns 4,043 shares of the business services provider’s stock valued at $510,000 after buying an additional 11 shares during the period. Bronfman E.L. Rothschild L.P. raised its holdings in shares of Cintas Corporation by 0.7% during the 1st quarter. Bronfman E.L. Rothschild L.P. now owns 1,861 shares of the business services provider’s stock valued at $235,000 after buying an additional 13 shares during the period. Finally, Gateway Investment Advisers LLC raised its holdings in shares of Cintas Corporation by 0.4% during the 2nd quarter. Gateway Investment Advisers LLC now owns 6,146 shares of the business services provider’s stock valued at $775,000 after buying an additional 23 shares during the period. Institutional investors and hedge funds own 64.76% of the company’s stock.

A number of equities research analysts have weighed in on CTAS shares. Zacks Investment Research upgraded Cintas Corporation from a “hold” rating to a “buy” rating and set a $142.00 price objective for the company in a research note on Friday, June 2nd. Instinet lowered Cintas Corporation from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $142.00 to $130.00 in a research note on Tuesday, June 27th. Nomura lowered Cintas Corporation from a “buy” rating to a “neutral” rating in a research note on Wednesday, June 28th. Stifel Nicolaus raised their price objective on Cintas Corporation from $123.00 to $136.00 and gave the company a “hold” rating in a research note on Friday, July 21st. Finally, Deutsche Bank AG set a $130.00 price objective on Cintas Corporation and gave the company a “hold” rating in a research note on Friday, July 21st. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the stock. Cintas Corporation has an average rating of “Hold” and an average price target of $135.40.

In related news, Director Gerald S. Adolph sold 2,000 shares of the business’s stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $133.69, for a total transaction of $267,380.00. Following the transaction, the director now directly owns 13,135 shares in the company, valued at $1,756,018.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO J. Michael Hansen sold 800 shares of the business’s stock in a transaction dated Friday, August 11th. The shares were sold at an average price of $130.75, for a total value of $104,600.00. Following the transaction, the chief financial officer now owns 54,370 shares in the company, valued at $7,108,877.50. The disclosure for this sale can be found here. Insiders own 18.90% of the company’s stock.

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Shares of Cintas Corporation (NASDAQ:CTAS) traded down 0.10% on Tuesday, hitting $134.16. The stock had a trading volume of 84,144 shares. Cintas Corporation has a 1-year low of $102.07 and a 1-year high of $139.74. The firm’s 50-day moving average is $133.77 and its 200 day moving average is $127.17. The stock has a market cap of $14.15 billion, a P/E ratio of 30.58 and a beta of 0.85.

Cintas Corporation (NASDAQ:CTAS) last issued its quarterly earnings results on Thursday, July 20th. The business services provider reported $0.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.05 by ($0.30). Cintas Corporation had a net margin of 8.90% and a return on equity of 23.38%. The firm had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.53 billion. During the same quarter in the prior year, the firm earned $1.08 earnings per share. The company’s revenue was up 23.1% on a year-over-year basis. Equities analysts forecast that Cintas Corporation will post $5.23 EPS for the current year.

About Cintas Corporation

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.

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Institutional Ownership by Quarter for Cintas Corporation (NASDAQ:CTAS)

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