Lunia Capital LP purchased a new stake in Cintas Co. (NASDAQ:CTAS) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 93,436 shares of the business services provider’s stock, valued at approximately $15,696,000. Cintas comprises 3.5% of Lunia Capital LP’s holdings, making the stock its 16th biggest holding. Lunia Capital LP owned about 0.09% of Cintas at the end of the most recent reporting period.
A number of other institutional investors have also added to or reduced their stakes in the business. Empire Life Investments Inc. acquired a new position in shares of Cintas in the fourth quarter valued at about $5,381,000. Quantbot Technologies LP acquired a new stake in Cintas during the third quarter worth about $1,784,000. CENTRAL TRUST Co grew its holdings in Cintas by 940.2% during the fourth quarter. CENTRAL TRUST Co now owns 1,217 shares of the business services provider’s stock worth $204,000 after acquiring an additional 1,100 shares during the period. Jennison Associates LLC grew its holdings in Cintas by 1.5% during the fourth quarter. Jennison Associates LLC now owns 254,636 shares of the business services provider’s stock worth $42,776,000 after acquiring an additional 3,883 shares during the period. Finally, Stevens Capital Management LP acquired a new stake in Cintas during the third quarter worth about $5,332,000. Institutional investors own 67.02% of the company’s stock.
Several analysts recently commented on the company. Morgan Stanley set a $167.00 target price on Cintas and gave the stock a “sell” rating in a report on Friday, December 21st. Zacks Investment Research raised Cintas from a “hold” rating to a “buy” rating and set a $192.00 target price on the stock in a report on Tuesday, December 11th. Royal Bank of Canada assumed coverage on Cintas in a report on Monday, November 26th. They set an “outperform” rating on the stock. ValuEngine raised Cintas from a “hold” rating to a “buy” rating in a report on Monday, February 4th. Finally, Robert W. Baird dropped their target price on Cintas from $235.00 to $201.00 and set an “outperform” rating on the stock in a report on Friday, December 21st. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. Cintas presently has a consensus rating of “Buy” and an average target price of $195.86.
CTAS traded down $2.48 during trading on Monday, hitting $192.07. The company’s stock had a trading volume of 8,653 shares, compared to its average volume of 574,993. The company has a current ratio of 1.99, a quick ratio of 1.70 and a debt-to-equity ratio of 0.84. Cintas Co. has a twelve month low of $155.98 and a twelve month high of $217.34. The firm has a market cap of $20.29 billion, a P/E ratio of 32.45, a PEG ratio of 2.13 and a beta of 1.09.
Cintas (NASDAQ:CTAS) last issued its quarterly earnings data on Thursday, March 21st. The business services provider reported $1.84 EPS for the quarter, beating the consensus estimate of $1.71 by $0.13. Cintas had a return on equity of 25.95% and a net margin of 12.44%. The company had revenue of $1.68 million for the quarter, compared to analyst estimates of $1.69 billion. During the same period last year, the company earned $1.37 earnings per share. Cintas’s quarterly revenue was down 99.9% compared to the same quarter last year. Equities research analysts forecast that Cintas Co. will post 7.47 EPS for the current year.
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.
Featured Story: Cost of equity and a company’s balance sheet
Want to see what other hedge funds are holding CTAS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cintas Co. (NASDAQ:CTAS).
Receive News & Ratings for Cintas Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cintas and related companies with MarketBeat.com's FREE daily email newsletter.