BNP Paribas Arbitrage SA trimmed its position in shares of Cintas Corporation (NASDAQ:CTAS) by 37.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 43,778 shares of the business services provider’s stock after selling 26,455 shares during the quarter. BNP Paribas Arbitrage SA’s holdings in Cintas Corporation were worth $6,316,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in CTAS. Janus Henderson Group PLC boosted its stake in shares of Cintas Corporation by 10,719.0% in the 2nd quarter. Janus Henderson Group PLC now owns 1,113,279 shares of the business services provider’s stock valued at $140,318,000 after buying an additional 1,102,989 shares during the period. FMR LLC boosted its stake in shares of Cintas Corporation by 20.3% in the 2nd quarter. FMR LLC now owns 1,705,533 shares of the business services provider’s stock valued at $214,965,000 after buying an additional 288,029 shares during the period. Renaissance Technologies LLC boosted its stake in shares of Cintas Corporation by 412.4% in the 2nd quarter. Renaissance Technologies LLC now owns 341,068 shares of the business services provider’s stock valued at $42,988,000 after buying an additional 274,500 shares during the period. Harbour Capital Advisors LLC boosted its stake in shares of Cintas Corporation by 12,504.0% in the 2nd quarter. Harbour Capital Advisors LLC now owns 201,664 shares of the business services provider’s stock valued at $1,600,000 after buying an additional 200,064 shares during the period. Finally, Vanguard Group Inc. boosted its stake in shares of Cintas Corporation by 2.1% in the 2nd quarter. Vanguard Group Inc. now owns 9,266,612 shares of the business services provider’s stock valued at $1,167,964,000 after buying an additional 191,507 shares during the period. Institutional investors own 65.67% of the company’s stock.

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Cintas Corporation (CTAS) opened at $148.92 on Friday. The company has a market capitalization of $15,830.00, a P/E ratio of 30.33, a price-to-earnings-growth ratio of 2.32 and a beta of 0.87. Cintas Corporation has a 12-month low of $109.74 and a 12-month high of $152.83. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.57 and a current ratio of 1.84.

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

The business also recently announced an annual dividend, which will be paid on Friday, December 8th. Stockholders of record on Friday, November 10th will be issued a $1.62 dividend. The ex-dividend date is Thursday, November 9th. This represents a dividend yield of 1.07%. This is a positive change from Cintas Corporation’s previous annual dividend of $1.33. Cintas Corporation’s payout ratio is presently 37.16%.

Several equities research analysts recently weighed in on the company. Zacks Investment Research cut Cintas Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, November 9th. Robert W. Baird restated an “outperform” rating and set a $165.00 target price (up previously from $152.00) on shares of Cintas Corporation in a research note on Thursday, September 28th. Oppenheimer Holdings, Inc. restated a “hold” rating on shares of Cintas Corporation in a research note on Wednesday, September 27th. Deutsche Bank AG restated a “hold” rating and set a $140.00 target price (up previously from $130.00) on shares of Cintas Corporation in a research note on Wednesday, September 27th. Finally, William Blair restated an “ourperform” rating on shares of Cintas Corporation in a research note on Wednesday, September 27th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $143.00.

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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