Dixon Hubard Feinour & Brown Inc. VA acquired a new position in Cintas Corporation (NASDAQ:CTAS) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 38,590 shares of the business services provider’s stock, valued at approximately $5,568,000. Cintas Corporation accounts for approximately 1.6% of Dixon Hubard Feinour & Brown Inc. VA’s portfolio, making the stock its 18th largest holding.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. First Personal Financial Services boosted its stake in Cintas Corporation by 0.8% during the second quarter. First Personal Financial Services now owns 1,147 shares of the business services provider’s stock valued at $145,000 after buying an additional 9 shares during the last quarter. QS Investors LLC raised its position in Cintas Corporation by 1.0% during the second quarter. QS Investors LLC now owns 995 shares of the business services provider’s stock valued at $125,000 after purchasing an additional 10 shares during the period. Alps Advisors Inc. raised its position in Cintas Corporation by 0.3% during the second quarter. Alps Advisors Inc. now owns 4,043 shares of the business services provider’s stock valued at $510,000 after purchasing an additional 11 shares during the period. D.A. Davidson & CO. raised its position in Cintas Corporation by 0.8% during the second quarter. D.A. Davidson & CO. now owns 1,574 shares of the business services provider’s stock valued at $198,000 after purchasing an additional 12 shares during the period. Finally, Creative Planning raised its position in Cintas Corporation by 0.4% during the second quarter. Creative Planning now owns 5,206 shares of the business services provider’s stock valued at $656,000 after purchasing an additional 23 shares during the period. 66.73% of the stock is owned by hedge funds and other institutional investors.

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CTAS has been the topic of a number of recent research reports. Robert W. Baird set a $152.00 price objective on Cintas Corporation and gave the company a “buy” rating in a research report on Thursday, August 24th. Zacks Investment Research upgraded Cintas Corporation from a “hold” rating to a “buy” rating and set a $150.00 price objective on the stock in a research report on Thursday, August 24th. Stifel Nicolaus restated a “hold” rating and set a $138.00 price objective (up from $136.00) on shares of Cintas Corporation in a research report on Wednesday, September 27th. BidaskClub upgraded Cintas Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, August 23rd. Finally, Deutsche Bank AG restated a “hold” rating and set a $140.00 price objective (up from $130.00) on shares of Cintas Corporation in a research report on Wednesday, September 27th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $144.67.

Shares of Cintas Corporation (NASDAQ CTAS) traded down $0.67 during midday trading on Wednesday, reaching $147.58. The company’s stock had a trading volume of 584,900 shares, compared to its average volume of 538,180. 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 company has a market cap of $15,759.63, a PE ratio of 30.13, a PEG ratio of 2.31 and a beta of 0.87. Cintas Corporation has a 1-year low of $112.81 and a 1-year high of $152.83.

Cintas Corporation (NASDAQ:CTAS) last posted its quarterly earnings data on Tuesday, September 26th. The business services provider reported $1.48 earnings per share for the quarter, topping the Zacks’ 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 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 last year, the firm earned $1.26 EPS. analysts forecast that Cintas Corporation will post 5.36 EPS for the current year.

The firm also recently disclosed an annual dividend, which will be paid on Friday, December 8th. Stockholders of record on Friday, November 10th will be given 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 (DPR) is presently 31.89%.

About Cintas Corporation

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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