ING Groep NV cut its stake in shares of Cintas Co. (NASDAQ:CTAS) by 71.9% during the fourth quarter, HoldingsChannel.com reports. The firm owned 6,333 shares of the business services provider’s stock after selling 16,192 shares during the quarter. ING Groep NV’s holdings in Cintas were worth $987,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. QS Investors LLC grew its stake in shares of Cintas by 1.0% during 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 during the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in shares of Cintas by 61.1% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 941 shares of the business services provider’s stock valued at $147,000 after buying an additional 357 shares during the last quarter. Pitcairn Co. bought a new position in shares of Cintas during the third quarter valued at approximately $200,000. Checchi Capital Advisers LLC bought a new position in shares of Cintas during the third quarter valued at approximately $204,000. Finally, Cambridge Investment Research Advisors Inc. bought a new position in shares of Cintas during the third quarter valued at approximately $205,000. Institutional investors and hedge funds own 65.91% of the company’s stock.

Cintas Co. (NASDAQ CTAS) opened at $156.07 on Wednesday. Cintas Co. has a 52 week low of $116.10 and a 52 week high of $169.96. The stock has a market capitalization of $16,441.87, a P/E ratio of 30.39, a P/E/G ratio of 2.36 and a beta of 0.91. 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 (NASDAQ:CTAS) last announced its quarterly earnings data on Thursday, December 21st. The business services provider reported $1.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.27 by $0.04. The company had revenue of $1.61 billion for the quarter, compared to analysts’ expectations of $1.59 billion. Cintas had a return on equity of 23.23% and a net margin of 9.23%. Cintas’s revenue was up 26.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.15 earnings per share. analysts expect that Cintas Co. will post 5.45 EPS for the current year.

CTAS has been the topic of a number of analyst reports. William Blair reaffirmed a “buy” rating on shares of Cintas in a research note on Monday, January 1st. Zacks Investment Research raised Cintas from a “hold” rating to a “strong-buy” rating and set a $180.00 price objective on the stock in a research note on Thursday, December 28th. Morgan Stanley increased their price objective on Cintas from $130.00 to $151.00 and gave the stock an “underweight” rating in a research note on Wednesday, January 31st. Royal Bank of Canada reissued a “hold” rating and issued a $145.00 price objective on shares of Cintas in a research note on Monday, November 20th. Finally, Robert W. Baird reissued an “outperform” rating and issued a $185.00 price objective (up previously from $165.00) on shares of Cintas in a research note on Friday, December 22nd. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $155.91.

In other Cintas news, insider James Phillip Holloman sold 12,386 shares of the stock in a transaction on Friday, January 12th. The stock was sold at an average price of $160.92, for a total transaction of $1,993,155.12. Following the sale, the insider now owns 141,328 shares of the company’s stock, valued at approximately $22,742,501.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 18.90% of the stock is currently owned by company insiders.

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Cintas Company Profile

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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Institutional Ownership by Quarter for Cintas (NASDAQ:CTAS)

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