BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp cut its holdings in Cintas Co. (NASDAQ:CTAS) by 19.2% in the third quarter, Holdings Channel reports. The fund owned 40,005 shares of the business services provider’s stock after selling 9,494 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Cintas were worth $7,913,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of CTAS. Janney Montgomery Scott LLC lifted its stake in Cintas by 42.7% in the second quarter. Janney Montgomery Scott LLC now owns 6,530 shares of the business services provider’s stock valued at $1,209,000 after acquiring an additional 1,955 shares during the last quarter. Piedmont Investment Advisors LLC acquired a new stake in shares of Cintas in the second quarter worth $181,000. Aperio Group LLC lifted its stake in shares of Cintas by 3.5% in the second quarter. Aperio Group LLC now owns 38,333 shares of the business services provider’s stock worth $7,094,000 after buying an additional 1,296 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its stake in shares of Cintas by 30.4% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 11,262 shares of the business services provider’s stock worth $2,084,000 after buying an additional 2,626 shares during the last quarter. Finally, Cognios Capital LLC acquired a new stake in shares of Cintas in the second quarter worth $954,000. Hedge funds and other institutional investors own 66.37% of the company’s stock.

A number of brokerages have recently weighed in on CTAS. Zacks Investment Research cut shares of Cintas from a “buy” rating to a “hold” rating in a research note on Tuesday, November 27th. BidaskClub cut shares of Cintas from a “strong-buy” rating to a “buy” rating in a research note on Wednesday. ValuEngine cut shares of Cintas from a “buy” rating to a “hold” rating in a research note on Friday. Royal Bank of Canada began coverage on shares of Cintas in a research note on Monday, November 19th. They issued an “outperform” rating and a $215.00 price objective for the company. Finally, Robert W. Baird set a $235.00 price objective on shares of Cintas and gave the stock a “buy” rating in a research note on Tuesday, October 30th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $202.17.

Shares of Cintas stock opened at $171.40 on Friday. The company has a quick ratio of 2.65, a current ratio of 3.10 and a debt-to-equity ratio of 0.76. Cintas Co. has a 1-year low of $147.38 and a 1-year high of $217.34. The firm has a market capitalization of $19.19 billion, a PE ratio of 28.86, a PEG ratio of 2.06 and a beta of 1.03.

Cintas (NASDAQ:CTAS) last issued its quarterly earnings data on Tuesday, September 25th. The business services provider reported $1.93 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.80 by $0.13. The business had revenue of $1.70 billion during the quarter, compared to analysts’ expectations of $1.68 billion. Cintas had a net margin of 12.72% and a return on equity of 24.13%. Cintas’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same period in the previous year, the company earned $1.45 earnings per share. As a group, analysts anticipate that Cintas Co. will post 7.24 EPS for the current year.

The business also recently announced an annual dividend, which was paid on Friday, December 7th. Investors of record on Friday, November 9th were paid a dividend of $2.05 per share. This is a boost from Cintas’s previous annual dividend of $1.62. This represents a yield of 1.13%. The ex-dividend date of this dividend was Thursday, November 8th. Cintas’s dividend payout ratio is presently 34.51%.

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Cintas Company Profile

Cintas Corporation provides corporate identity uniforms and related business services primarily in North America, Latin America, Europe, and Asia. It operates through Uniform Rental and Facility Services and First Aid and Safety Services segments. The company rents and services uniforms and other garments, including flame resistant clothing, mats, mops and shop towels, and other ancillary items; and provides restroom cleaning services and supplies, and carpet and tile cleaning services, as well as sells uniforms directly.

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Institutional Ownership by Quarter for Cintas (NASDAQ:CTAS)

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