Cintas Corporation (CTAS) Position Lifted by Norinchukin Bank The

Norinchukin Bank The increased its holdings in shares of Cintas Corporation (NASDAQ:CTAS) by 40.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 53,457 shares of the business services provider’s stock after acquiring an additional 15,463 shares during the quarter. Norinchukin Bank The owned about 0.05% of Cintas Corporation worth $7,713,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Bank of Montreal Can grew its holdings in Cintas Corporation by 10.9% in the 2nd quarter. Bank of Montreal Can now owns 50,139 shares of the business services provider’s stock valued at $6,319,000 after buying an additional 4,925 shares in the last quarter. Creative Planning grew its holdings in Cintas Corporation by 0.4% in the 2nd quarter. Creative Planning now owns 5,206 shares of the business services provider’s stock valued at $656,000 after buying an additional 23 shares in the last quarter. State of Alaska Department of Revenue grew its holdings in Cintas Corporation by 47.9% in the 2nd quarter. State of Alaska Department of Revenue now owns 3,118 shares of the business services provider’s stock valued at $392,000 after buying an additional 1,010 shares in the last quarter. Louisiana State Employees Retirement System grew its holdings in Cintas Corporation by 1.9% in the 2nd quarter. Louisiana State Employees Retirement System now owns 5,400 shares of the business services provider’s stock valued at $681,000 after buying an additional 100 shares in the last quarter. Finally, Aperio Group LLC grew its holdings in Cintas Corporation by 5.3% in the 2nd quarter. Aperio Group LLC now owns 34,929 shares of the business services provider’s stock valued at $4,402,000 after buying an additional 1,773 shares in the last quarter. 66.73% of the stock is currently owned by institutional investors and hedge funds.

Shares of Cintas Corporation (NASDAQ CTAS) traded down $0.67 during mid-day trading on Wednesday, hitting $147.58. The stock had a trading volume of 584,900 shares, compared to its average volume of 538,180. The firm has a market capitalization of $15,759.63, a PE ratio of 30.13, a price-to-earnings-growth ratio of 2.31 and a beta of 0.87. The company has a current ratio of 1.84, a quick ratio of 1.57 and a debt-to-equity ratio of 0.99. Cintas Corporation has a 12 month low of $112.81 and a 12 month high of $152.83.

Cintas Corporation (NASDAQ:CTAS) last issued its quarterly earnings results on Tuesday, September 26th. The business services provider reported $1.48 earnings per share for the quarter, beating the consensus estimate of $1.30 by $0.18. The company had revenue of $1.61 billion during the quarter, compared to analysts’ expectations of $1.57 billion. Cintas Corporation 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 quarter in the prior year, the firm posted $1.26 earnings per share. equities analysts forecast that Cintas Corporation will post 5.36 earnings per share for the current year.

The business also recently declared an annual dividend, which will be paid on Friday, December 8th. Stockholders of record on Friday, November 10th will be paid a $1.62 dividend. This is a boost from Cintas Corporation’s previous annual dividend of $1.33. The ex-dividend date of this dividend is Thursday, November 9th. This represents a dividend yield of 1.07%. Cintas Corporation’s dividend payout ratio is presently 31.89%.

CTAS has been the topic of several analyst reports. Morgan Stanley reissued an “underweight” rating and set a $117.00 target price (up from $107.00) on shares of Cintas Corporation in a report on Tuesday, July 25th. BidaskClub lowered Cintas Corporation from a “hold” rating to a “sell” rating in a report on Monday, July 31st. Zacks Investment Research lowered Cintas Corporation from a “buy” rating to a “hold” rating in a report on Monday, August 7th. Robert W. Baird set a $152.00 target price on Cintas Corporation and gave the stock a “buy” rating in a report on Thursday, August 24th. Finally, Barclays PLC increased their target price on Cintas Corporation from $150.00 to $160.00 and gave the stock an “overweight” rating in a report on Wednesday, September 27th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $144.67.

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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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