Dimensional Fund Advisors LP Raises Stake in Cintas Corporation (CTAS)

Dimensional Fund Advisors LP grew its holdings in Cintas Corporation (NASDAQ:CTAS) by 2.9% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 429,494 shares of the business services provider’s stock after acquiring an additional 12,095 shares during the period. Dimensional Fund Advisors LP owned about 0.41% of Cintas Corporation worth $54,129,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Mitsubishi UFJ Trust & Banking Corp raised its stake in shares of Cintas Corporation by 35.3% in 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 acquiring an additional 69,483 shares during the period. Sumitomo Mitsui Trust Holdings Inc. raised its stake in shares of Cintas Corporation by 3.6% in 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 acquiring an additional 9,351 shares during the period. Caldera Capital LLC raised its stake in shares of Cintas Corporation by 32.5% in the 2nd quarter. Caldera Capital LLC now owns 8,149 shares of the business services provider’s stock valued at $1,027,000 after acquiring an additional 1,999 shares during the period. Banque Pictet & Cie SA purchased a new position in shares of Cintas Corporation in the 2nd quarter valued at $8,073,000. Finally, First Quadrant L P CA purchased a new position in shares of Cintas Corporation in the 2nd quarter valued at $11,996,000. 65.79% of the stock is currently owned by institutional investors and hedge funds.

ILLEGAL ACTIVITY WARNING: This story was first published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this story on another website, it was copied illegally and republished in violation of US & international copyright laws. The original version of this story can be read at https://ledgergazette.com/2017/10/19/dimensional-fund-advisors-lp-raises-stake-in-cintas-corporation-ctas.html.

CTAS has been the subject of a number of recent analyst reports. Instinet lowered shares of Cintas Corporation from a “buy” rating to a “neutral” rating and lowered their price target for the company from $142.00 to $130.00 in a report on Tuesday, June 27th. Nomura lowered shares of Cintas Corporation from a “buy” rating to a “neutral” rating in a report on Wednesday, June 28th. Deutsche Bank AG set a $130.00 price target on shares of Cintas Corporation and gave the company a “hold” rating in a report on Friday, July 21st. Royal Bank Of Canada reaffirmed a “hold” rating and set a $130.00 price target on shares of Cintas Corporation in a report on Friday, July 21st. Finally, Morgan Stanley reaffirmed an “underweight” rating and set a $117.00 price target (up from $107.00) on shares of Cintas Corporation in a report on Tuesday, July 25th. One analyst has rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the company’s stock. Cintas Corporation presently has a consensus rating of “Hold” and an average target price of $143.00.

Cintas Corporation (NASDAQ:CTAS) opened at 151.16 on Thursday. The firm’s 50-day moving average is $141.11 and its 200 day moving average is $130.76. Cintas Corporation has a one year low of $102.07 and a one year high of $152.48. The firm has a market capitalization of $16.07 billion, a price-to-earnings ratio of 29.63 and a beta of 0.86.

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

The business also recently announced an annual dividend, which will be paid on Friday, December 8th. Investors of record on Friday, November 10th will be paid a dividend of $1.62 per share. This is a boost from Cintas Corporation’s previous annual dividend of $1.33. This represents a yield of 1.07%. The ex-dividend date is Thursday, November 9th. Cintas Corporation’s dividend payout ratio is presently 26.18%.

In related news, Director Gerald S. Adolph sold 2,000 shares of the company’s stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $133.69, for a total transaction of $267,380.00. Following the completion of the transaction, the director now directly owns 13,135 shares in the company, valued at approximately $1,756,018.15. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO J. Michael Hansen sold 800 shares of the company’s stock in a transaction on Friday, August 11th. The shares were sold at an average price of $130.75, for a total transaction of $104,600.00. Following the transaction, the chief financial officer now owns 54,370 shares of the company’s stock, valued at $7,108,877.50. The disclosure for this sale can be found ILLEGAL ACTIVITY WARNING: This story was first published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this story on another website, it was copied illegally and republished in violation of US & international copyright laws. The original version of this story can be read at https://ledgergazette.com/2017/10/19/dimensional-fund-advisors-lp-raises-stake-in-cintas-corporation-ctas.html.

CTAS has been the subject of a number of recent analyst reports. Instinet lowered shares of Cintas Corporation from a “buy” rating to a “neutral” rating and lowered their price target for the company from $142.00 to $130.00 in a report on Tuesday, June 27th. Nomura lowered shares of Cintas Corporation from a “buy” rating to a “neutral” rating in a report on Wednesday, June 28th. Deutsche Bank AG set a $130.00 price target on shares of Cintas Corporation and gave the company a “hold” rating in a report on Friday, July 21st. Royal Bank Of Canada reaffirmed a “hold” rating and set a $130.00 price target on shares of Cintas Corporation in a report on Friday, July 21st. Finally, Morgan Stanley reaffirmed an “underweight” rating and set a $117.00 price target (up from $107.00) on shares of Cintas Corporation in a report on Tuesday, July 25th. One analyst has rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the company’s stock. Cintas Corporation presently has a consensus rating of “Hold” and an average target price of $143.00.

Cintas Corporation (NASDAQ:CTAS) opened at 151.16 on Thursday. The firm’s 50-day moving average is $141.11 and its 200 day moving average is $130.76. Cintas Corporation has a one year low of $102.07 and a one year high of $152.48. The firm has a market capitalization of $16.07 billion, a price-to-earnings ratio of 29.63 and a beta of 0.86.

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

The business also recently announced an annual dividend, which will be paid on Friday, December 8th. Investors of record on Friday, November 10th will be paid a dividend of $1.62 per share. This is a boost from Cintas Corporation’s previous annual dividend of $1.33. This represents a yield of 1.07%. The ex-dividend date is Thursday, November 9th. Cintas Corporation’s dividend payout ratio is presently 26.18%.

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

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.

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

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