California State Teachers Retirement System Sells 12,626 Shares of Cintas Co. (NASDAQ:CTAS)

California State Teachers Retirement System decreased its position in Cintas Co. (NASDAQ:CTAS) by 7.9% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 147,278 shares of the business services provider’s stock after selling 12,626 shares during the period. California State Teachers Retirement System owned about 0.14% of Cintas worth $21,249,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Mountain Capital Investment Advisors Inc purchased a new position in Cintas in the second quarter valued at $120,000. Parallel Advisors LLC increased its holdings in Cintas by 4.4% in the second quarter. Parallel Advisors LLC now owns 900 shares of the business services provider’s stock valued at $121,000 after buying an additional 38 shares in the last quarter. QS Investors LLC increased its holdings in Cintas by 1.0% in the second quarter. QS Investors LLC now owns 995 shares of the business services provider’s stock valued at $125,000 after buying an additional 10 shares in the last quarter. YorkBridge Wealth Partners LLC increased its holdings in Cintas by 3.2% in the second quarter. YorkBridge Wealth Partners LLC now owns 1,056 shares of the business services provider’s stock valued at $133,000 after buying an additional 33 shares in the last quarter. Finally, Paradigm Asset Management Co. LLC increased its holdings in Cintas by 4.3% in the second quarter. Paradigm Asset Management Co. LLC now owns 1,200 shares of the business services provider’s stock valued at $151,000 after buying an additional 50 shares in the last quarter. 66.65% of the stock is owned by institutional investors.

A number of research firms have weighed in on CTAS. KeyCorp reaffirmed an “overweight” rating and issued a $174.00 price objective (up previously from $148.00) on shares of Cintas in a report on Tuesday, December 19th. Zacks Investment Research raised shares of Cintas from a “hold” rating to a “buy” rating and set a $179.00 price objective for the company in a report on Tuesday, December 19th. JPMorgan Chase & Co. reissued a “buy” rating and set a $183.00 target price on shares of Cintas in a research note on Friday, December 22nd. Robert W. Baird reissued an “outperform” rating and set a $185.00 target price (up previously from $165.00) on shares of Cintas in a research note on Friday, December 22nd. Finally, Oppenheimer reissued a “hold” rating on shares of Cintas in a research note on Friday, December 22nd. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. Cintas currently has a consensus rating of “Hold” and an average target price of $153.73.

Cintas Co. (CTAS) traded up $1.72 during mid-day trading on Thursday, hitting $162.05. 529,892 shares of the stock were exchanged, compared to its average volume of 524,737. The stock has a market capitalization of $17,230.00, a PE ratio of 36.25, a P/E/G ratio of 2.48 and a beta of 0.87. The company has a quick ratio of 1.53, a current ratio of 1.77 and a debt-to-equity ratio of 0.99. Cintas Co. has a twelve month low of $112.96 and a twelve month high of $163.45.

Cintas (NASDAQ:CTAS) last posted its quarterly earnings results on Thursday, December 21st. The business services provider reported $1.31 earnings per share for the quarter, topping analysts’ consensus estimates of $1.27 by $0.04. The firm had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.59 billion. Cintas had a net margin of 9.23% and a return on equity of 23.23%. Cintas’s quarterly revenue was up 26.4% on a year-over-year basis. During the same period in the previous year, the business posted $1.15 earnings per share. equities research analysts expect that Cintas Co. will post 5.44 earnings per share for the current year.

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About Cintas

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.

Institutional Ownership by Quarter for Cintas (NASDAQ:CTAS)

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