Karp Capital Management Corp lowered its stake in shares of Cintas Corporation (NASDAQ:CTAS) by 10.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 18,281 shares of the business services provider’s stock after selling 2,085 shares during the period. Karp Capital Management Corp’s holdings in Cintas Corporation were worth $2,638,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. First Personal Financial Services raised its position 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 worth $145,000 after purchasing an additional 9 shares during the period. Rehmann Capital Advisory Group raised its position in shares of Cintas Corporation by 0.6% during the second quarter. Rehmann Capital Advisory Group now owns 1,674 shares of the business services provider’s stock worth $211,000 after purchasing an additional 10 shares during the period. QS Investors LLC raised its position 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 worth $125,000 after purchasing an additional 10 shares during the period. Alps Advisors Inc. raised its position in shares of Cintas Corporation by 0.3% during the second quarter. Alps Advisors Inc. now owns 4,043 shares of the business services provider’s stock worth $510,000 after purchasing an additional 11 shares during the period. Finally, D.A. Davidson & CO. raised its position in shares of 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 worth $198,000 after purchasing an additional 12 shares during the period. Hedge funds and other institutional investors own 65.97% of the company’s stock.

Shares of Cintas Corporation (NASDAQ CTAS) traded down 1.1792% during midday trading on Wednesday, reaching $147.2825. The company had a trading volume of 253,255 shares. The stock’s 50 day moving average is $145.11 and its 200-day moving average is $132.55. Cintas Corporation has a 12-month low of $102.07 and a 12-month high of $152.83. The stock has a market capitalization of $15.66 billion, a PE ratio of 28.8733 and a beta of 0.86.

Cintas Corporation (NASDAQ:CTAS) last announced its quarterly earnings results 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. The business had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.57 billion. Cintas Corporation had a return on equity of 23.71% and a net margin of 9.79%. The company’s quarterly revenue was up 27.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.26 earnings per share. On average, equities research analysts predict that Cintas Corporation will post $5.36 earnings per share for the current fiscal year.

The company also recently declared an annual dividend, which will be paid on Friday, December 8th. Shareholders of record on Friday, November 10th will be issued a $1.62 dividend. The ex-dividend date is Thursday, November 9th. This represents a 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 26.18%.

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In other Cintas Corporation news, CFO J. Michael Hansen sold 800 shares of the stock in a transaction that occurred 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 sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Gerald S. Adolph sold 2,000 shares of the stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $133.69, for a total value of $267,380.00. Following the completion of the transaction, the director now owns 13,135 shares in the company, valued at approximately $1,756,018.15. The disclosure for this sale can be found here. 18.90% of the stock is currently owned by corporate insiders.

CTAS has been the topic of a number of research analyst reports. Deutsche Bank AG set a $130.00 price target on Cintas Corporation and gave the stock a “hold” rating in a research report on Friday, July 21st. Royal Bank Of Canada reaffirmed a “hold” rating and set a $130.00 price target on shares of Cintas Corporation in a research report on Friday, July 21st. Zacks Investment Research lowered Cintas Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, September 20th. Morgan Stanley reaffirmed an “underweight” rating and set a $127.00 price target (up previously from $117.00) on shares of Cintas Corporation in a research report on Wednesday, September 27th. Finally, Stifel Nicolaus raised their price target on Cintas Corporation from $123.00 to $136.00 and gave the stock a “hold” rating in a research report on Friday, July 21st. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $143.00.

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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