Oppenheimer Asset Management Inc. increased its position in Cintas Corporation (NASDAQ:CTAS) by 225.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,574 shares of the business services provider’s stock after acquiring an additional 23,252 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Cintas were worth $4,844,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Assenagon Asset Management S.A. purchased a new stake in Cintas during the 3rd quarter valued at approximately $11,296,000. Mitsubishi UFJ Trust & Banking Corp grew its holdings in Cintas by 35.3% during the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 266,155 shares of the business services provider’s stock valued at $33,546,000 after buying an additional 69,483 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its holdings in Cintas by 3.6% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 270,485 shares of the business services provider’s stock valued at $34,092,000 after buying an additional 9,351 shares in the last quarter. black and white Capital LP purchased a new stake in Cintas during the 2nd quarter valued at approximately $16,385,000. Finally, Caldera Capital LLC grew its holdings in Cintas by 32.5% during the 2nd quarter. Caldera Capital LLC now owns 8,149 shares of the business services provider’s stock valued at $1,027,000 after buying an additional 1,999 shares in the last quarter. 66.85% of the stock is owned by institutional investors and hedge funds.

Cintas Corporation (NASDAQ:CTAS) opened at $159.18 on Friday. Cintas Corporation has a fifty-two week low of $112.96 and a fifty-two week high of $159.68. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.84 and a quick ratio of 1.57. The firm has a market cap of $16,636.64, a price-to-earnings ratio of 31.81, a P/E/G ratio of 2.43 and a beta of 0.88.

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

The firm also recently announced an annual dividend, which was paid on Friday, December 8th. Investors of record on Friday, November 10th were issued a $1.62 dividend. The ex-dividend date of this dividend was Thursday, November 9th. This is a positive change from Cintas’s previous annual dividend of $1.33. This represents a dividend yield of 1.07%. Cintas’s dividend payout ratio (DPR) is 31.89%.

A number of equities research analysts have issued reports on CTAS shares. Oppenheimer reaffirmed a “hold” rating on shares of Cintas in a report on Wednesday, September 27th. Stifel Nicolaus reaffirmed a “hold” rating and set a $138.00 price objective (up from $136.00) on shares of Cintas in a report on Wednesday, September 27th. Royal Bank Of Canada reaffirmed a “hold” rating and set a $145.00 price objective on shares of Cintas in a report on Monday, November 20th. BidaskClub raised shares of Cintas from a “sell” rating to a “hold” rating in a report on Tuesday. Finally, Zacks Investment Research raised shares of Cintas from a “hold” rating to a “buy” rating and set a $153.00 price objective for the company in a report on Thursday, September 21st. One analyst has rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $144.67.

ILLEGAL ACTIVITY NOTICE: This piece was first reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this piece on another publication, it was stolen and reposted in violation of U.S. and international copyright legislation. The correct version of this piece can be viewed at https://www.thecerbatgem.com/2017/12/09/oppenheimer-asset-management-inc-has-4-84-million-position-in-cintas-corporation-ctas.html.

About Cintas

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 (NASDAQ:CTAS)

Receive News & Stock Ratings for Cintas Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cintas Corporation and related stocks with our FREE daily email newsletter.