New York State Common Retirement Fund increased its stake in Cintas Corporation (NASDAQ:CTAS) by 6.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 352,700 shares of the business services provider’s stock after purchasing an additional 20,100 shares during the period. New York State Common Retirement Fund owned approximately 0.33% of Cintas worth $50,888,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its position in Cintas by 2.1% during the 2nd quarter. Vanguard Group Inc. now owns 9,266,612 shares of the business services provider’s stock worth $1,167,964,000 after buying an additional 191,507 shares in the last quarter. BlackRock Inc. lifted its position in Cintas by 2.2% during the 2nd quarter. BlackRock Inc. now owns 6,607,462 shares of the business services provider’s stock worth $832,804,000 after buying an additional 142,118 shares in the last quarter. FMR LLC lifted its position in Cintas by 20.3% during the 2nd quarter. FMR LLC now owns 1,705,533 shares of the business services provider’s stock worth $214,965,000 after buying an additional 288,029 shares in the last quarter. Artisan Partners Limited Partnership lifted its position in Cintas by 5.3% during the 2nd quarter. Artisan Partners Limited Partnership now owns 1,372,990 shares of the business services provider’s stock worth $173,052,000 after buying an additional 68,669 shares in the last quarter. Finally, Janus Henderson Group PLC lifted its position in Cintas by 10,719.0% during the 2nd quarter. Janus Henderson Group PLC now owns 1,113,279 shares of the business services provider’s stock worth $140,318,000 after buying an additional 1,102,989 shares in the last quarter. 66.85% of the stock is owned by hedge funds and other institutional investors.

Shares of Cintas Corporation (NASDAQ:CTAS) opened at $156.28 on Wednesday. The company has a quick ratio of 1.57, a current ratio of 1.84 and a debt-to-equity ratio of 0.99. The stock has a market cap of $16,871.57, a PE ratio of 32.26, a PEG ratio of 2.47 and a beta of 0.88. Cintas Corporation has a fifty-two week low of $112.96 and a fifty-two week high of $159.68.

Cintas (NASDAQ:CTAS) last issued its earnings results on Tuesday, September 26th. The business services provider reported $1.48 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.30 by $0.18. The company had revenue of $1.61 billion for the quarter, compared to analysts’ expectations of $1.57 billion. Cintas had a net margin of 9.79% and a return on equity of 23.71%. Cintas’s quarterly revenue was up 27.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.26 EPS. analysts predict that Cintas Corporation will post 5.36 earnings per share for the current year.

The company also recently announced an annual dividend, which will be paid on Friday, December 8th. Stockholders of record on Friday, November 10th will be issued a $1.62 dividend. This represents a dividend yield of 1.07%. This is a boost from Cintas’s previous annual dividend of $1.33. The ex-dividend date of this dividend is Thursday, November 9th. Cintas’s dividend payout ratio is presently 31.89%.

Several equities research analysts have commented on the stock. BidaskClub raised shares of Cintas from a “sell” rating to a “hold” rating in a research report on Tuesday. Oppenheimer reissued a “hold” rating on shares of Cintas in a research report on Wednesday, September 27th. William Blair reissued an “ourperform” rating on shares of Cintas in a research report on Wednesday, September 27th. Zacks Investment Research raised shares of Cintas from a “hold” rating to a “buy” rating and set a $150.00 price target on the stock in a research report on Thursday, August 24th. Finally, Morgan Stanley reissued an “underweight” rating and set a $127.00 price target (up from $117.00) on shares of Cintas in a research report on Wednesday, September 27th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the company’s stock. Cintas currently has an average rating of “Hold” and a consensus target price of $144.67.

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About Cintas

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 (NASDAQ:CTAS)

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