Commerzbank Aktiengesellschaft FI bought a new position in shares of Cintas Corporation (NASDAQ:CTAS) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,624 shares of the business services provider’s stock, valued at approximately $234,000.

Other hedge funds have also modified their holdings of the company. Artisan Partners Limited Partnership grew its holdings in shares of Cintas by 29.1% in the 3rd quarter. Artisan Partners Limited Partnership now owns 1,771,864 shares of the business services provider’s stock worth $255,645,000 after acquiring an additional 398,874 shares during the period. Welch & Forbes LLC grew its holdings in shares of Cintas by 2.5% in the 3rd quarter. Welch & Forbes LLC now owns 47,797 shares of the business services provider’s stock worth $6,896,000 after acquiring an additional 1,149 shares during the period. Boston Private Wealth LLC acquired a new stake in Cintas during the 3rd quarter valued at $232,000. BB&T Securities LLC grew its holdings in Cintas by 13.6% during the 3rd quarter. BB&T Securities LLC now owns 3,427 shares of the business services provider’s stock valued at $494,000 after buying an additional 410 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. grew its holdings in Cintas by 3.0% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 294,680 shares of the business services provider’s stock valued at $42,517,000 after buying an additional 8,661 shares during the last quarter. 66.85% of the stock is owned by institutional investors and hedge funds.

Cintas Corporation (NASDAQ:CTAS) opened at $158.33 on Tuesday. 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 capitalization of $16,921.53, a price-to-earnings ratio of 32.35, a P/E/G ratio of 2.48 and a beta of 0.88. Cintas Corporation has a 52-week low of $112.96 and a 52-week high of $159.83.

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

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

A number of brokerages have commented on CTAS. Deutsche Bank reiterated a “hold” rating and set a $140.00 target price (up previously from $130.00) on shares of Cintas in a report on Wednesday, September 27th. Zacks Investment Research upgraded Cintas from a “hold” rating to a “buy” rating and set a $150.00 target price on the stock in a report on Thursday, August 24th. Robert W. Baird set a $152.00 target price on Cintas and gave the company a “buy” rating in a report on Thursday, August 24th. Morgan Stanley reiterated an “underweight” rating and set a $127.00 target price (up previously from $117.00) on shares of Cintas in a report on Wednesday, September 27th. Finally, Barclays raised their price objective on Cintas from $150.00 to $160.00 and gave the stock an “overweight” rating in a report on Wednesday, September 27th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $144.67.

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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)

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