Cincinnati-based Cintas Corporation (NASDAQ:CTAS) is engaged in providing highly specialized services to businesses of all types primarily throughout North America. The company designs, manufactures and implements corporate identity uniform programs, and has a market cap of around $9 billion. The company’s revenue for the fiscal 2015 second quarter was $1.12 billion, which was approximately the same total as second quarter of 2013. Cintas Corporation (NASDAQ:CTAS) reported its operating income for the second quarter of $181.2 million, which represents an increase of 19.0% compared to last fiscal second quarter of 2013.
Cintas Corporation (NASDAQ:CTAS) has updated its fiscal 2015 guidance. The company now expects fiscal 2015 revenue to be in the range of $4.45 billion to $4.50 billion, and fiscal 2015 EPS to be in the range of $3.49 to $3.54.
Cintas Corporation (NASDAQ:CTAS) stock has been performing well since January 2014. During the last 6 months, the company’s performed at more than 20%. Its monthly performance is 5.05%. On Friday, the company’s stock trades at $77.15. The consensus average target price is $78.33 for the sock, and the consensus average recommendation is ‘HOLD.’
Last month, T Richard Farmer sold 102,870 shares of Cintas Corporation (NASDAQ:CTAS) at an average price of $79.81. In two separate filings, C William Gale disclosed unloading an aggregate 12,243 shares of the company.
In November 2014, Cintas Corporation (NASDAQ:CTAS) reported that it sold its Document Storage and Imaging businesses for an aggregate consideration of approximately $180 million. The company sold the businesses, excluding real estate, in three separate transactions to three separate buyers, whose names were not disclosed, according to a news release.
As of the end of third quarter of 2014, First Eagle Investment Management held 12.46 million shares of Cintas Corporation (NASDAQ:CTAS).
In addition to First Eagle Investment Management, other largest shareholders of Cintas Corporation (NASDAQ:CTAS) include Winton Capital Management, led by David Harding, which disclosed ownership of 1.14 million shares, and Jasper Ridge Partners, managed by Mark Wolfson and Jamie Alexander, which reported holding 726,074 shares of Cintas Corporation (NASDAQ:CTAS) as of the end of the third quarter of 2014. Another investor, Gotham Asset Management, run by Joel Greenblatt, boosted its stake in Cintas Corporation (NASDAQ:CTAS) to more than 500% to 565,712 shares in the third quarter, according to our record.
First Eagle Investment Management was founded in 1803 in Germany. The firm moved to the U.S. in 1937 and in 1999 acquired the majority share of Societe Generale Asset Management. The funds managed by Societe then became known as the First Eagle Funds.
Disclosure: none
