Long Road Investment Counsel LLC Holds Stake in Cintas Corporation (CTAS)

Long Road Investment Counsel LLC held its stake in Cintas Corporation (NASDAQ:CTAS) during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 3,450 shares of the business services provider’s stock at the end of the first quarter. Long Road Investment Counsel LLC’s holdings in Cintas Corporation were worth $437,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the company. Lincoln National Corp increased its stake in Cintas Corporation by 0.8% in the first quarter. Lincoln National Corp now owns 1,845 shares of the business services provider’s stock valued at $234,000 after buying an additional 14 shares during the period. BP PLC increased its stake in Cintas Corporation by 27.3% in the fourth quarter. BP PLC now owns 56,000 shares of the business services provider’s stock valued at $6,471,000 after buying an additional 12,000 shares during the period. RobecoSam USA Inc. acquired a new stake in Cintas Corporation during the third quarter valued at $1,526,000. Norges Bank purchased a new stake in Cintas Corporation during the fourth quarter valued at $66,269,000. Finally, Transamerica Financial Advisors Inc. increased its stake in Cintas Corporation by 8.6% in the third quarter. Transamerica Financial Advisors Inc. now owns 11,122 shares of the business services provider’s stock valued at $1,253,000 after buying an additional 878 shares during the last quarter. Institutional investors and hedge funds own 69.20% of the company’s stock.

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

Shares of Cintas Corporation (NASDAQ CTAS) traded up 2.08% during midday trading on Friday, hitting $130.45. The stock had a trading volume of 974,498 shares. Cintas Corporation has a one year low of $91.24 and a one year high of $130.46. The stock has a market cap of $13.74 billion, a PE ratio of 27.05 and a beta of 0.83. The firm has a 50 day moving average price of $123.86 and a 200 day moving average price of $120.41.

Cintas Corporation (NASDAQ:CTAS) last announced its quarterly earnings data on Wednesday, March 22nd. The business services provider reported $1.11 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.07 by $0.04. Cintas Corporation had a return on equity of 24.32% and a net margin of 10.25%. The firm had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.28 billion. During the same quarter in the prior year, the firm posted $1.05 earnings per share. Cintas Corporation’s revenue for the quarter was up 5.3% compared to the same quarter last year. On average, equities analysts forecast that Cintas Corporation will post $4.51 earnings per share for the current fiscal year.

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Several analysts recently 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 report on Friday, June 2nd. Deutsche Bank AG lifted their price objective on Cintas Corporation from $120.00 to $125.00 and gave the company a “hold” rating in a report on Thursday, March 23rd. Piper Jaffray Companies lifted their price objective on Cintas Corporation from $117.00 to $129.00 and gave the company a “neutral” rating in a report on Thursday, March 23rd. Robert W. Baird restated an “outperform” rating and issued a $143.00 price objective (up from $135.00) on shares of Cintas Corporation in a report on Thursday, March 23rd. Finally, Barclays PLC lifted their target price on Cintas Corporation from $130.00 to $145.00 and gave the company an “overweight” rating in a research note on Thursday, March 23rd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the stock. Cintas Corporation currently has an average rating of “Hold” and a consensus price target of $129.40.

In other news, Treasurer Paul F. Adler sold 4,030 shares of the company’s stock in a transaction that occurred on Wednesday, April 19th. The stock was sold at an average price of $122.26, for a total transaction of $492,707.80. Following the completion of the transaction, the treasurer now directly owns 5,529 shares of the company’s stock, valued at $675,975.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO J. Michael Hansen sold 5,477 shares of the company’s stock in a transaction that occurred on Thursday, March 23rd. The shares were sold at an average price of $125.72, for a total value of $688,568.44. Following the transaction, the chief financial officer now directly owns 40,974 shares of the company’s stock, valued at $5,151,251.28. The disclosure for this sale can be found here. Insiders have sold 21,007 shares of company stock worth $2,644,421 in the last 90 days. 19.10% of the stock is currently owned by insiders.

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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