Los Angeles Capital Management & Equity Research Inc. Buys 11,847 Shares of Cintas Corporation (CTAS)

Los Angeles Capital Management & Equity Research Inc. raised its stake in Cintas Corporation (NASDAQ:CTAS) by 4.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 309,882 shares of the business services provider’s stock after acquiring an additional 11,847 shares during the period. Los Angeles Capital Management & Equity Research Inc. owned approximately 0.29% of Cintas Corporation worth $44,710,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Janus Henderson Group PLC boosted its position in shares of 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 valued at $140,318,000 after buying an additional 1,102,989 shares during the last quarter. FMR LLC boosted its position in shares of Cintas Corporation by 20.3% during the second quarter. FMR LLC now owns 1,705,533 shares of the business services provider’s stock valued at $214,965,000 after buying an additional 288,029 shares during the last quarter. Renaissance Technologies LLC boosted its position in shares of Cintas Corporation by 412.4% during the second quarter. Renaissance Technologies LLC now owns 341,068 shares of the business services provider’s stock valued at $42,988,000 after buying an additional 274,500 shares during the last quarter. Harbour Capital Advisors LLC boosted its position in shares of Cintas Corporation by 12,504.0% during the second quarter. Harbour Capital Advisors LLC now owns 201,664 shares of the business services provider’s stock valued at $1,600,000 after buying an additional 200,064 shares during the last quarter. Finally, Vanguard Group Inc. boosted its position in shares of 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 valued at $1,167,964,000 after buying an additional 191,507 shares during the last quarter. 65.67% of the stock is currently owned by hedge funds and other institutional investors.

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Shares of Cintas Corporation (NASDAQ CTAS) traded up $1.25 on Tuesday, reaching $147.35. The company had a trading volume of 659,500 shares, compared to its average volume of 537,968. The company has a market cap of $15,660.00, a P/E ratio of 29.69, a PEG ratio of 2.27 and a beta of 0.87. Cintas Corporation has a 52 week low of $107.97 and a 52 week high of $152.83. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.84 and a quick ratio of 1.57.

Cintas Corporation (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 consensus estimate of $1.30 by $0.18. The company had revenue of $1.61 billion for the quarter, compared to the consensus estimate of $1.57 billion. Cintas Corporation had a return on equity of 23.71% and a net margin of 9.79%. The firm’s quarterly revenue was up 27.2% on a year-over-year basis. During the same quarter last year, the company earned $1.26 EPS. equities research analysts predict that Cintas Corporation will post 5.36 EPS for the current year.

The firm also recently announced an annual dividend, which will be paid on Friday, December 8th. Investors of record on Friday, November 10th will be paid a dividend of $1.62 per share. This represents a yield of 1.07%. The ex-dividend date is Thursday, November 9th. This is an increase from Cintas Corporation’s previous annual dividend of $1.33. Cintas Corporation’s dividend payout ratio (DPR) is 37.16%.

CTAS has been the topic of several recent analyst reports. Zacks Investment Research cut Cintas Corporation from a “buy” rating to a “hold” rating in a research report on Monday, August 7th. Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of Cintas Corporation in a report on Wednesday, September 27th. Stifel Nicolaus reissued a “hold” rating and issued a $138.00 target price (up previously from $136.00) on shares of Cintas Corporation in a report on Wednesday, September 27th. BidaskClub raised Cintas Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, August 23rd. Finally, Royal Bank Of Canada reissued a “hold” rating and issued a $130.00 target price on shares of Cintas Corporation in a report on Friday, July 21st. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $143.00.

Cintas Corporation 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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