Advisor Partners LLC raised its position in shares of Cintas Corporation (NASDAQ:CTAS) by 3.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,332 shares of the business services provider’s stock after buying an additional 72 shares during the period. Advisor Partners LLC’s holdings in Cintas Corporation were worth $294,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in Cintas Corporation by 1.2% in the first quarter. Vanguard Group Inc. now owns 9,075,105 shares of the business services provider’s stock worth $1,148,365,000 after buying an additional 104,454 shares in the last quarter. BlackRock Inc. boosted its position in Cintas Corporation by 1,737.2% in the first quarter. BlackRock Inc. now owns 6,465,344 shares of the business services provider’s stock worth $818,121,000 after buying an additional 6,113,425 shares in the last quarter. State Street Corp boosted its position in Cintas Corporation by 1.1% in the first quarter. State Street Corp now owns 4,900,672 shares of the business services provider’s stock worth $620,135,000 after buying an additional 51,747 shares in the last quarter. AQR Capital Management LLC boosted its position in Cintas Corporation by 2.0% in the first quarter. AQR Capital Management LLC now owns 1,512,980 shares of the business services provider’s stock worth $191,452,000 after buying an additional 30,228 shares in the last quarter. Finally, FMR LLC boosted its position in Cintas Corporation by 23.1% in the first quarter. FMR LLC now owns 1,417,504 shares of the business services provider’s stock worth $179,371,000 after buying an additional 265,971 shares in the last quarter. 68.58% of the stock is owned by institutional investors and hedge funds.

Shares of Cintas Corporation (NASDAQ:CTAS) opened at 130.81 on Friday. The firm has a market capitalization of $13.79 billion, a price-to-earnings ratio of 29.82 and a beta of 0.84. The company has a 50-day moving average price of $130.25 and a 200-day moving average price of $123.93. Cintas Corporation has a 12 month low of $102.07 and a 12 month high of $139.74.

Cintas Corporation (NASDAQ:CTAS) last posted its earnings results on Thursday, July 20th. The business services provider reported $0.75 EPS for the quarter, missing the consensus estimate of $1.05 by $0.30. The firm had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.53 billion. Cintas Corporation had a net margin of 8.90% and a return on equity of 23.38%. Cintas Corporation’s revenue for the quarter was up 23.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.08 earnings per share. Equities analysts forecast that Cintas Corporation will post $5.23 EPS for the current fiscal year.

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CTAS has been the subject of a number of research analyst reports. Zacks Investment Research cut Cintas Corporation from a “buy” rating to a “hold” rating in a report on Monday. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $130.00 price target on shares of Cintas Corporation in a report on Friday, July 21st. Nomura cut Cintas Corporation from a “buy” rating to a “neutral” rating in a report on Wednesday, June 28th. Morgan Stanley reaffirmed an “underweight” rating and issued a $117.00 price target (up from $107.00) on shares of Cintas Corporation in a report on Tuesday, July 25th. Finally, BidaskClub cut Cintas Corporation from a “hold” rating to a “sell” rating in a report on Monday, July 31st. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the company’s stock. Cintas Corporation presently has a consensus rating of “Hold” and an average target price of $133.42.

Cintas Corporation Company 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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