Hanseatic Management Services Inc. decreased its position in shares of Cintas Corporation (NASDAQ:CTAS) by 64.0% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 5,510 shares of the business services provider’s stock after selling 9,780 shares during the period. Hanseatic Management Services Inc.’s holdings in Cintas Corporation were worth $795,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in Cintas Corporation by 2.1% during 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 during the period. BlackRock Inc. raised its stake in Cintas Corporation by 2.2% during the second quarter. BlackRock Inc. now owns 6,607,462 shares of the business services provider’s stock worth $832,804,000 after purchasing an additional 142,118 shares during the period. FMR LLC raised its stake in Cintas Corporation by 20.3% during 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 during the period. Artisan Partners Limited Partnership raised its stake in Cintas Corporation by 5.3% during the second quarter. Artisan Partners Limited Partnership now owns 1,372,990 shares of the business services provider’s stock worth $173,052,000 after purchasing an additional 68,669 shares during the period. Finally, Janus Henderson Group PLC raised its stake in Cintas Corporation by 10,719.0% during 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 during the period. 65.67% of the stock is currently owned by institutional investors.

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

Cintas Corporation (NASDAQ CTAS) traded up $1.85 during trading on Wednesday, hitting $149.20. 603,100 shares of the stock traded hands, compared to its average volume of 538,264. Cintas Corporation has a 52 week low of $107.97 and a 52 week high of $152.83. The firm has a market capitalization of $15,663.95, a price-to-earnings ratio of 29.95, a P/E/G ratio of 2.29 and a beta of 0.87. The company has a quick ratio of 1.57, a current ratio of 1.84 and a debt-to-equity ratio of 0.99.

Cintas Corporation (NASDAQ:CTAS) last released its quarterly earnings data on Tuesday, September 26th. The business services provider reported $1.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.30 by $0.18. Cintas Corporation had a net margin of 9.79% and a return on equity of 23.71%. The company had revenue of $1.61 billion during the quarter, compared to analyst estimates of $1.57 billion. During the same quarter in the prior year, the business earned $1.26 earnings per share. The business’s quarterly revenue was up 27.2% compared to the same quarter last year. sell-side analysts forecast that Cintas Corporation will post 5.36 earnings per share for the current fiscal 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. 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 dividend payout ratio is presently 31.89%.

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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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