NN Investment Partners Holdings N.V. lowered its position in Cintas Corporation (NASDAQ:CTAS) by 96.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,703 shares of the business services provider’s stock after selling 113,432 shares during the period. NN Investment Partners Holdings N.V.’s holdings in Cintas Corporation were worth $466,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of CTAS. Pennsylvania Trust Co purchased a new stake in Cintas Corporation during the second quarter worth $221,000. Gateway Investment Advisers LLC increased its stake in Cintas Corporation by 0.4% in the second quarter. Gateway Investment Advisers LLC now owns 6,146 shares of the business services provider’s stock worth $775,000 after buying an additional 23 shares in the last quarter. Bank of Montreal Can increased its stake in Cintas Corporation by 10.9% in the second quarter. Bank of Montreal Can now owns 50,139 shares of the business services provider’s stock worth $6,319,000 after buying an additional 4,925 shares in the last quarter. Private Trust Co. NA increased its stake in Cintas Corporation by 1.0% in the second quarter. Private Trust Co. NA now owns 4,043 shares of the business services provider’s stock worth $509,000 after buying an additional 41 shares in the last quarter. Finally, Atria Investments LLC boosted its position in shares of Cintas Corporation by 1.6% in the second quarter. Atria Investments LLC now owns 2,938 shares of the business services provider’s stock worth $370,000 after buying an additional 46 shares during the last quarter. 68.65% of the stock is owned by institutional investors.
Cintas Corporation (NASDAQ:CTAS) traded up 0.64% on Friday, reaching $135.00. The company’s stock had a trading volume of 355,769 shares. Cintas Corporation has a 52-week low of $102.07 and a 52-week high of $139.74. The stock’s 50 day moving average price is $129.35 and its 200 day moving average price is $123.13. The firm has a market cap of $14.23 billion, a PE ratio of 30.77 and a beta of 0.84.
Cintas Corporation (NASDAQ:CTAS) last released its quarterly earnings results on Thursday, July 20th. The business services provider reported $0.75 earnings per share 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 business had revenue of $1.53 billion during the quarter, compared to analysts’ expectations of $1.53 billion. During the same period in the previous year, the business earned $1.08 EPS. The business’s revenue was up 23.1% on a year-over-year basis. Equities research analysts expect that Cintas Corporation will post $5.23 earnings per share for the current fiscal year.
COPYRIGHT VIOLATION WARNING: “NN Investment Partners Holdings N.V. Sells 113,432 Shares of Cintas Corporation (NASDAQ:CTAS)” was reported by StockNewsTimes and is the property of of StockNewsTimes. If you are viewing this report on another site, it was illegally stolen and republished in violation of US and international copyright & trademark laws. The legal version of this report can be viewed at https://stocknewstimes.com/2017/08/06/cintas-corporation-nasdaqctas-position-decreased-by-nn-investment-partners-holdings-n-v-updated.html.
A number of research analysts recently commented on the company. BidaskClub cut Cintas Corporation from a “hold” rating to a “sell” rating in a research report on Monday, July 31st. Morgan Stanley restated an “underweight” rating and issued a $117.00 price target (up previously from $107.00) on shares of Cintas Corporation in a research report on Tuesday, July 25th. Royal Bank Of Canada restated a “hold” rating and issued a $130.00 price target on shares of Cintas Corporation in a research report on Friday, July 21st. Deutsche Bank AG set a $130.00 price target on Cintas Corporation and gave the stock a “hold” rating in a research report on Friday, July 21st. Finally, Stifel Nicolaus raised their price target on Cintas Corporation from $123.00 to $136.00 and gave the stock a “hold” rating in a research report on Friday, July 21st. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the company’s stock. Cintas Corporation has a consensus rating of “Hold” and a consensus price target of $133.42.
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.
Receive News & Ratings for Cintas Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cintas Corporation and related companies with MarketBeat.com's FREE daily email newsletter.
