State of Tennessee Treasury Department increased its holdings in Cintas Corporation (NASDAQ:CTAS) by 171.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 118,199 shares of the business services provider’s stock after purchasing an additional 74,578 shares during the period. State of Tennessee Treasury Department owned approximately 0.11% of Cintas Corporation worth $17,053,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of CTAS. Janus Henderson Group PLC boosted its holdings in Cintas Corporation by 10,719.0% in the second quarter. Janus Henderson Group PLC now owns 1,113,279 shares of the business services provider’s stock worth $140,318,000 after purchasing an additional 1,102,989 shares in the last quarter. FMR LLC boosted its holdings in Cintas Corporation by 20.3% in the second quarter. FMR LLC now owns 1,705,533 shares of the business services provider’s stock worth $214,965,000 after purchasing an additional 288,029 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in Cintas Corporation by 412.4% in the second quarter. Renaissance Technologies LLC now owns 341,068 shares of the business services provider’s stock worth $42,988,000 after purchasing an additional 274,500 shares in the last quarter. Harbour Capital Advisors LLC boosted its holdings in Cintas Corporation by 12,504.0% in the second quarter. Harbour Capital Advisors LLC now owns 201,664 shares of the business services provider’s stock worth $1,600,000 after purchasing an additional 200,064 shares in the last quarter. Finally, Vanguard Group Inc. boosted its holdings in Cintas Corporation by 2.1% in the second quarter. Vanguard Group Inc. now owns 9,266,612 shares of the business services provider’s stock worth $1,167,964,000 after purchasing an additional 191,507 shares in the last quarter. Hedge funds and other institutional investors own 66.02% of the company’s stock.

A number of equities research analysts have issued reports on CTAS shares. 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 restated a “hold” rating and set a $130.00 price target on shares of Cintas Corporation in a report on Friday, July 21st. Zacks Investment Research cut shares of Cintas Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, September 20th. Morgan Stanley restated an “underweight” rating and set a $127.00 price target (up from $117.00) on shares of Cintas Corporation in a report on Wednesday, September 27th. Finally, Stifel Nicolaus upped their price objective on shares of Cintas Corporation from $123.00 to $136.00 and gave the company a “hold” rating in a research report on Friday, July 21st. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $143.00.

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

Cintas Corporation (CTAS) opened at $149.61 on Thursday. Cintas Corporation has a 52-week low of $102.85 and a 52-week high of $152.83. 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 stock has a market cap of $15,719.23, a PE ratio of 30.06, a P/E/G ratio of 2.30 and a beta of 0.87.

Cintas Corporation (NASDAQ:CTAS) last issued its quarterly earnings data on Tuesday, September 26th. The business services provider reported $1.48 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.30 by $0.18. The firm had revenue of $1.61 billion for 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 company’s quarterly revenue was up 27.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.26 earnings per share. analysts expect that Cintas Corporation will post 5.36 EPS for the current fiscal year.

The company 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%. 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. Cintas Corporation’s dividend payout ratio is currently 26.18%.

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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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