Cintas Co. (CTAS) Stake Held by Fruth Investment Management
Fruth Investment Management maintained its position in Cintas Co. (NASDAQ:CTAS) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,825 shares of the company’s stock at the end of the fourth quarter. Fruth Investment Management’s holdings in Cintas were worth $803,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Capstone Asset Management Company boosted its position in Cintas by 4.9% in the fourth quarter. Capstone Asset Management Company now owns 15,590 shares of the company’s stock worth $1,419,000 after buying an additional 726 shares in the last quarter. Terra Nova Asset Management boosted its stake in Cintas by 14.2% in the third quarter. Terra Nova Asset Management now owns 20,345 shares of the company’s stock valued at $1,745,000 after buying an additional 2,535 shares during the period. Northcoast Asset Management boosted its stake in Cintas by 34.6% in the third quarter. Northcoast Asset Management now owns 10,408 shares of the company’s stock valued at $892,000 after buying an additional 2,674 shares during the period. CIBC World Markets purchased a new stake in Cintas during the fourth quarter valued at $436,000. Finally, Quantitative Systematic Strategies boosted its stake in Cintas by 152.1% in the fourth quarter. Quantitative Systematic Strategies now owns 10,879 shares of the company’s stock valued at $1,003,000 after buying an additional 6,564 shares during the period.
Cintas Co. (NASDAQ:CTAS) opened at 82.44 on Friday. Cintas Co. has a 1-year low of $77.96 and a 1-year high of $94.35. The company has a 50 day moving average price of $88.59 and a 200-day moving average price of $88.19. The firm has a market capitalization of $8.91 billion and a price-to-earnings ratio of 14.67.
Cintas (NASDAQ:CTAS) last issued its quarterly earnings data on Monday, December 21st. The company reported $1.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.00 by $0.03. The company had revenue of $1.22 billion for the quarter. The business’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.86 earnings per share. On average, analysts forecast that Cintas Co. will post $3.92 EPS for the current fiscal year.
Several analysts have recently weighed in on the company. Zacks Investment Research cut Cintas from a “buy” rating to a “hold” rating in a report on Tuesday, November 24th. Piper Jaffray restated a “hold” rating and set a $95.00 price target (up from $88.00) on shares of Cintas in a report on Tuesday, December 22nd. RBC Capital boosted their price target on Cintas from $88.00 to $94.00 and gave the stock a “sector perform” rating in a report on Tuesday, December 22nd. Oppenheimer restated a “hold” rating on shares of Cintas in a report on Tuesday, December 29th. Finally, Barclays restated an “equal weight” rating and set a $95.00 price target (up from $90.00) on shares of Cintas in a report on Tuesday, December 22nd. One investment analyst has rated the stock with a sell rating and six have assigned a hold rating to the company. Cintas presently has an average rating of “Hold” and a consensus target price of $93.33.
In other Cintas news, COO James Phillip Holloman sold 3,730 shares of the firm’s stock in a transaction dated Wednesday, January 13th. The stock was sold at an average price of $84.65, for a total value of $315,744.50. Following the sale, the chief operating officer now owns 103,489 shares of the company’s stock, valued at approximately $8,760,343.85. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Cintas Corporation provides products and services to businesses of all types. The Company 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, and first aid, safety and fire protection products and services. The Company has three segments: Rental Uniforms and Ancillary Products, Uniform Direct Sales, and First Aid, Safety and Fire Protection Services. The Company’s Rental Uniforms and Ancillary Products segment consists of the rental and servicing of uniforms and other garments, including flame resistant clothing, mats, mops and shop towels and other ancillary items. The Company’s Uniform Direct Sales segment consists of the direct sale of uniforms and related items. The Company’s First Aid, Safety and Fire Protection Services segment consists of first aid, safety and fire protection products and services.

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