Cintas Corporation $CTAS Shares Sold by Copeland Capital Management LLC

Copeland Capital Management LLC lessened its stake in Cintas Corporation (NASDAQ:CTASFree Report) by 4.7% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 65,614 shares of the business services provider’s stock after selling 3,233 shares during the period. Copeland Capital Management LLC’s holdings in Cintas were worth $11,098,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Norges Bank acquired a new position in shares of Cintas during the 4th quarter worth $923,672,000. Two Sigma Investments LP raised its position in shares of Cintas by 5,641.3% in the third quarter. Two Sigma Investments LP now owns 1,016,671 shares of the business services provider’s stock valued at $208,682,000 after buying an additional 998,963 shares during the last quarter. SG Americas Securities LLC raised its holdings in Cintas by 2,653.0% in the 4th quarter. SG Americas Securities LLC now owns 1,003,031 shares of the business services provider’s stock valued at $188,640,000 after acquiring an additional 966,597 shares during the last quarter. Voloridge Investment Management LLC lifted its position in Cintas by 275.2% during the third quarter. Voloridge Investment Management LLC now owns 1,123,237 shares of the business services provider’s stock worth $230,556,000 after buying an additional 823,885 shares during the period. Finally, Freestone Grove Partners LP lifted its holdings in shares of Cintas by 5,341.8% during the 3rd quarter. Freestone Grove Partners LP now owns 747,109 shares of the business services provider’s stock worth $153,352,000 after acquiring an additional 733,380 shares during the period. Institutional investors and hedge funds own 63.46% of the company’s stock.

Key Headlines Impacting Cintas

Here are the key news stories impacting Cintas this week:

Analysts Set New Price Targets

CTAS has been the subject of a number of research analyst reports. Robert W. Baird upped their price objective on Cintas from $200.00 to $214.00 and gave the stock an “outperform” rating in a report on Thursday. UBS Group reiterated a “buy” rating and issued a $230.00 target price (up from $228.00) on shares of Cintas in a report on Thursday. Royal Bank Of Canada reissued a “sector perform” rating and set a $206.00 price target on shares of Cintas in a research report on Thursday. Stifel Nicolaus dropped their price target on Cintas from $222.00 to $190.00 and set a “hold” rating for the company in a research note on Thursday, March 26th. Finally, Truist Financial cut their price objective on Cintas from $255.00 to $225.00 and set a “buy” rating on the stock in a report on Monday, June 15th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $212.31.

View Our Latest Research Report on Cintas

Insider Transactions at Cintas

In other news, Director Ronald W. Tysoe sold 4,666 shares of the company’s stock in a transaction dated Monday, April 20th. The shares were sold at an average price of $178.87, for a total transaction of $834,607.42. Following the completion of the transaction, the director owned 22,448 shares in the company, valued at approximately $4,015,273.76. This represents a 17.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 14.90% of the stock is owned by corporate insiders.

Cintas Price Performance

CTAS stock opened at $204.45 on Friday. The stock’s 50 day moving average is $175.60 and its two-hundred day moving average is $182.86. Cintas Corporation has a 52-week low of $161.16 and a 52-week high of $226.75. The company has a market capitalization of $81.80 billion, a PE ratio of 57.75, a P/E/G ratio of 3.23 and a beta of 0.94. The company has a quick ratio of 1.74, a current ratio of 1.43 and a debt-to-equity ratio of 0.28.

Cintas (NASDAQ:CTASGet Free Report) last issued its earnings results on Wednesday, July 15th. The business services provider reported $1.29 EPS for the quarter, topping the consensus estimate of $1.24 by $0.05. Cintas had a return on equity of 42.05% and a net margin of 17.75%.The company had revenue of $2.91 billion during the quarter, compared to analyst estimates of $2.87 billion. During the same quarter last year, the firm earned $1.09 EPS. The business’s revenue was up 8.9% on a year-over-year basis. Cintas has set its FY 2027 guidance at 5.360-5.500 EPS. Analysts predict that Cintas Corporation will post 5.48 earnings per share for the current fiscal year.

Cintas Company Profile

(Free Report)

Cintas Corporation (NASDAQ: CTAS) is a provider of business services and products focused on workplace appearance, safety and facility maintenance. The company is best known for its uniform rental and corporate apparel programs, which include rental, leasing and direct-purchase options, laundering and garment repair. Cintas markets its services to a wide range of end-users, including manufacturing, food service, healthcare, hospitality, retail and government customers.

Beyond uniforms, Cintas offers a suite of facility services and products designed to help organizations maintain clean, safe and compliant workplaces.

See Also

Want to see what other hedge funds are holding CTAS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cintas Corporation (NASDAQ:CTASFree Report).

Institutional Ownership by Quarter for Cintas (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.