S&CO Inc. bought a new position in Cintas Corporation (NASDAQ:CTAS) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 2,300 shares of the business services provider’s stock, valued at approximately $332,000.

Several other hedge funds and other institutional investors also recently modified their holdings of CTAS. Teachers Advisors LLC grew its holdings in shares of Cintas Corporation by 3.3% in the 1st quarter. Teachers Advisors LLC now owns 102,048 shares of the business services provider’s stock worth $12,913,000 after acquiring an additional 3,258 shares during the last quarter. Thrivent Financial For Lutherans grew its holdings in shares of Cintas Corporation by 6.0% in the 1st quarter. Thrivent Financial For Lutherans now owns 3,160 shares of the business services provider’s stock worth $400,000 after acquiring an additional 180 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Cintas Corporation by 1.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 417,399 shares of the business services provider’s stock worth $52,818,000 after acquiring an additional 4,556 shares during the last quarter. HighTower Advisors LLC grew its holdings in shares of Cintas Corporation by 95.7% in the 1st quarter. HighTower Advisors LLC now owns 4,609 shares of the business services provider’s stock worth $583,000 after acquiring an additional 2,254 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. grew its holdings in shares of Cintas Corporation by 6.1% in the 1st quarter. Nomura Asset Management Co. Ltd. now owns 11,444 shares of the business services provider’s stock worth $1,448,000 after acquiring an additional 663 shares during the last quarter. Institutional investors and hedge funds own 66.02% of the company’s stock.

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Shares of Cintas Corporation (NASDAQ:CTAS) remained flat at $$147.57 during trading on Tuesday. The company’s stock had a trading volume of 102,252 shares, compared to its average volume of 616,969. The company has a quick ratio of 1.57, a current ratio of 1.84 and a debt-to-equity ratio of 0.99. Cintas Corporation has a twelve month low of $102.85 and a twelve month high of $152.83. The firm has a market cap of $15,690.00, a price-to-earnings ratio of 30.16, a PEG ratio of 2.31 and a beta of 0.87.

Cintas Corporation (NASDAQ:CTAS) last posted its earnings results on Tuesday, September 26th. The business services provider reported $1.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.30 by $0.18. Cintas Corporation had a return on equity of 23.71% and a net margin of 9.79%. The business had revenue of $1.61 billion during the quarter, compared to analyst estimates of $1.57 billion. During the same quarter last year, the firm earned $1.26 earnings per share. The company’s revenue for the quarter was up 27.2% compared to the same quarter last year. equities analysts forecast that Cintas Corporation will post 5.36 EPS for the current year.

The firm also recently disclosed an annual dividend, which will be paid on Friday, December 8th. Shareholders of record on Friday, November 10th will be paid a dividend of $1.62 per share. This represents a yield of 1.07%. The ex-dividend date is Thursday, November 9th. This is a positive change from Cintas Corporation’s previous annual dividend of $1.33. Cintas Corporation’s dividend payout ratio (DPR) is 30.50%.

In other news, Director Gerald S. Adolph sold 2,000 shares of Cintas Corporation stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $133.69, for a total value of $267,380.00. Following the completion of the transaction, the director now owns 13,135 shares in the company, valued at approximately $1,756,018.15. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO J. Michael Hansen sold 800 shares of Cintas Corporation stock in a transaction that occurred on Friday, August 11th. The stock was sold at an average price of $130.75, for a total value of $104,600.00. Following the completion of the transaction, the chief financial officer now owns 54,370 shares of the company’s stock, valued at approximately $7,108,877.50. The disclosure for this sale can be found here. 18.90% of the stock is owned by company insiders.

A number of brokerages recently issued reports on CTAS. Zacks Investment Research upgraded Cintas Corporation from a “hold” rating to a “buy” rating and set a $168.00 target price on the stock in a report on Tuesday, October 10th. Robert W. Baird restated an “outperform” rating and issued a $165.00 target price (up from $152.00) on shares of Cintas Corporation in a report on Thursday, September 28th. Oppenheimer Holdings, Inc. restated a “hold” rating on shares of Cintas Corporation in a report on Wednesday, September 27th. Deutsche Bank AG restated a “hold” rating and issued a $140.00 target price (up from $130.00) on shares of Cintas Corporation in a report on Wednesday, September 27th. Finally, William Blair restated an “ourperform” rating on shares of Cintas Corporation in a report on Wednesday, September 27th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $143.00.

Cintas Corporation 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.

Institutional Ownership by Quarter for Cintas Corporation (NASDAQ:CTAS)

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