Cintas Corp (NASDAQ:CTAS).
Raymond James & Associates reports that it lowered its position in Cintas Corp shares by 9,477 shares as of the end of the last quarter. Its position was worth $18,215,000 an increase of 6.5% according to the filing.
The following firms have recently changed their position in CTAS. As of quarter end Marshall Wace LLP had disposed of a total of 6,327 shares trimming its position 69.6%. The value of the total investment in Cintas Corp went from $1,145,000 to $397,000 a change of 65.3% for the reporting period. First Mercantile Trust Co cut its holdings by shedding 339 shares a decrease of 8.2% in the quarter. First Mercantile Trust Co claims 3,776 shares valued at $545,000. The total value of its holdings increased 5.0%.
As of the end of the quarter Commonwealth Of Pennsylvania Public School Empls Retrmt SYS had bought 530 shares growing its stake by 8.3%. The value of the investment in Cintas Corp increased from $809,000 to $1,002,000 increasing 23.9% quarter over quarter.
September 28 investment analysts at Robert W. Baird maintained a stock rating of “Outperform” projecting a price of $165.00. September 27 investment analysts at Oppenheimer Holdings maintained a “Hold” rating on the company.
Barclays PLC raised the price target on September 27 changing the price objective from $150.00 to $160.00 and issued a “Overweight” recommendation. On September 27, 2017 William Blair reiterated a “Ourperform” rating on the company.
On September 27 Deutsche Bank AG left the company rating at “Hold” targeting a price of $140.00. On September 27 Morgan Stanley made no change to the company rating of “Underweight” with a current price target of $127.00.
The company is so far trading down by 0.69% percent from yesterday’s close. Cintas Corp currently has a P/E ratio of 33.98 and the market cap is 15.75B. As of the latest earnings report the EPS was $4.36 with 106.30M shares currently outstanding.
Traders are feeling more bearish on Cintas Corp if you pay attention to the change in short interest. The firm experienced a rise in short interest of 0.04% between September 29, 2017 and October 13, 2017. Short shares grew 1,632 over that timeframe. Days to cover increased 2.0 to 6.0 and the percentage of shorted shares was 0.04% on October 13.