Cornerstone Capital Management Holdings LLC. cut its holdings in shares of Cintas Corporation (NASDAQ:CTAS) by 0.3% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 14,794 shares of the business services provider’s stock after selling 46 shares during the period. Cornerstone Capital Management Holdings LLC.’s holdings in Cintas Corporation were worth $1,864,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Parallel Advisors LLC increased its stake in shares of Cintas Corporation by 4.4% during the second quarter. Parallel Advisors LLC now owns 900 shares of the business services provider’s stock valued at $121,000 after buying an additional 38 shares during the period. QS Investors LLC increased its stake in shares of 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 buying an additional 10 shares during the period. YorkBridge Wealth Partners LLC increased its stake in shares of Cintas Corporation by 3.2% during the second quarter. YorkBridge Wealth Partners LLC now owns 1,056 shares of the business services provider’s stock valued at $133,000 after buying an additional 33 shares during the period. First Personal Financial Services increased its stake in shares of 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 period. Finally, Paradigm Asset Management Co. LLC increased its stake in shares of Cintas Corporation by 4.3% during the second quarter. Paradigm Asset Management Co. LLC now owns 1,200 shares of the business services provider’s stock valued at $151,000 after buying an additional 50 shares during the period. 65.79% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Cintas Corporation (NASDAQ:CTAS) opened at 150.95 on Friday. Cintas Corporation has a 52-week low of $102.07 and a 52-week high of $152.48. The company’s 50 day moving average price is $141.60 and its 200 day moving average price is $130.91. The company has a market capitalization of $16.05 billion, a price-to-earnings ratio of 29.59 and a beta of 0.86.

Cintas Corporation (NASDAQ:CTAS) last released its quarterly earnings data 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 the consensus estimate of $1.57 billion. Cintas Corporation had a return on equity of 23.71% and a net margin of 9.79%. Cintas Corporation’s quarterly revenue was up 27.2% on a year-over-year basis. During the same period last year, the business posted $1.26 EPS. On average, analysts predict that Cintas Corporation will post $5.36 EPS for the current 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 issued a dividend of $1.62 per share. This is an increase from Cintas Corporation’s previous annual dividend of $1.33. This represents a yield of 1.07%. The ex-dividend date is Thursday, November 9th. Cintas Corporation’s dividend payout ratio (DPR) is presently 26.18%.

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Several equities analysts have recently issued reports on the company. Zacks Investment Research raised Cintas Corporation from a “hold” rating to a “buy” rating and set a $168.00 target price on the stock in a research note on Tuesday, October 10th. Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of Cintas Corporation in a research note on Wednesday, September 27th. Deutsche Bank AG reissued a “hold” rating and set a $140.00 target price (up from $130.00) on shares of Cintas Corporation in a research note on Wednesday, September 27th. Robert W. Baird reissued an “outperform” rating and set a $165.00 target price (up from $152.00) on shares of Cintas Corporation in a research note on Thursday, September 28th. Finally, Royal Bank Of Canada reissued a “hold” rating and set a $130.00 target price on shares of Cintas Corporation in a research note on Friday, July 21st. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $143.00.

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

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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