First Midwest Bank Trust Division decreased its holdings in shares of Cintas Corporation (NASDAQ:CTAS) by 15.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,120 shares of the business services provider’s stock after selling 562 shares during the quarter. First Midwest Bank Trust Division’s holdings in Cintas Corporation were worth $451,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of CTAS. First Personal Financial Services increased its stake in 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 acquiring an additional 9 shares during the period. Rehmann Capital Advisory Group grew its stake in shares of Cintas Corporation by 0.6% in the 2nd quarter. Rehmann Capital Advisory Group now owns 1,674 shares of the business services provider’s stock valued at $211,000 after purchasing an additional 10 shares during the period. QS Investors LLC grew its stake in shares of Cintas Corporation by 1.0% in the 2nd quarter. QS Investors LLC now owns 995 shares of the business services provider’s stock valued at $125,000 after purchasing an additional 10 shares during the period. Alps Advisors Inc. grew its stake in shares of Cintas Corporation by 0.3% in the 2nd quarter. Alps Advisors Inc. now owns 4,043 shares of the business services provider’s stock valued at $510,000 after purchasing an additional 11 shares during the period. Finally, D.A. Davidson & CO. grew its stake in shares of Cintas Corporation by 0.8% in the 2nd quarter. D.A. Davidson & CO. now owns 1,574 shares of the business services provider’s stock valued at $198,000 after purchasing an additional 12 shares during the period. Institutional investors and hedge funds own 65.97% of the company’s stock.

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A number of equities research analysts recently commented on CTAS shares. Zacks Investment Research upgraded Cintas Corporation from a “hold” rating to a “buy” rating and set a $141.00 price target on the stock in a research report on Monday, July 10th. Robert W. Baird set a $152.00 price objective on Cintas Corporation and gave the stock a “buy” rating in a report on Thursday, August 24th. Barclays PLC upped their price objective on Cintas Corporation from $150.00 to $160.00 and gave the stock an “overweight” rating in a report on Wednesday, September 27th. Deutsche Bank AG reaffirmed a “hold” rating and set a $140.00 price objective (up previously from $130.00) on shares of Cintas Corporation in a report on Wednesday, September 27th. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and set a $130.00 price objective on shares of Cintas Corporation in a report on Friday, July 21st. One research analyst has rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $143.00.

Cintas Corporation (NASDAQ CTAS) opened at 149.04 on Wednesday. The stock’s 50 day moving average is $145.11 and its 200 day moving average is $132.55. The firm has a market cap of $15.84 billion, a price-to-earnings ratio of 29.22 and a beta of 0.86. Cintas Corporation has a one year low of $102.07 and a one year high of $152.83.

Cintas Corporation (NASDAQ:CTAS) last issued its quarterly earnings results on Tuesday, September 26th. The business services provider reported $1.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $1.57 billion. During the same period last year, the company posted $1.26 EPS. Cintas Corporation’s revenue was up 27.2% on a year-over-year basis. On average, analysts predict that Cintas Corporation will post $5.36 earnings per share for the current fiscal year.

The business also recently declared an annual dividend, which will be paid on Friday, December 8th. Stockholders of record on Friday, November 10th will be paid a $1.62 dividend. The ex-dividend date of this dividend is Thursday, November 9th. This is a positive change from Cintas Corporation’s previous annual dividend of $1.33. This represents a dividend yield of 1.07%. Cintas Corporation’s payout ratio is currently 26.18%.

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

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.

Institutional Ownership by Quarter for Cintas Corporation (NASDAQ:CTAS)

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