Cintas Corporation (CTAS) Shares Sold by Dupont Capital Management Corp

Dupont Capital Management Corp lessened its holdings in Cintas Corporation (NASDAQ:CTAS) by 5.5% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 55,222 shares of the business services provider’s stock after selling 3,244 shares during the period. Dupont Capital Management Corp owned approximately 0.05% of Cintas Corporation worth $7,967,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. First Personal Financial Services boosted its stake in shares of Cintas Corporation by 0.8% in the 2nd quarter. First Personal Financial Services now owns 1,147 shares of the business services provider’s stock worth $145,000 after buying an additional 9 shares during the last quarter. Rehmann Capital Advisory Group boosted 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 worth $211,000 after buying an additional 10 shares during the last quarter. QS Investors LLC boosted 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 worth $125,000 after buying an additional 10 shares during the last quarter. Alps Advisors Inc. boosted 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 worth $510,000 after buying an additional 11 shares during the last quarter. Finally, D.A. Davidson & CO. boosted 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 worth $198,000 after buying an additional 12 shares during the last quarter. Hedge funds and other institutional investors own 65.97% of the company’s stock.

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In related news, Director Gerald S. Adolph sold 2,000 shares of the firm’s stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $133.69, for a total transaction of $267,380.00. Following the completion of the transaction, the director now directly owns 13,135 shares of the company’s stock, valued at approximately $1,756,018.15. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO J. Michael Hansen sold 800 shares of the firm’s stock in a transaction 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 directly owns 54,370 shares of the company’s stock, valued at $7,108,877.50. The disclosure for this sale can be found here. 18.90% of the stock is owned by company insiders.

A number of brokerages have recently weighed in on CTAS. Zacks Investment Research upgraded Cintas Corporation from a “hold” rating to a “buy” rating and set a $168.00 target price on the stock in a research note on Tuesday, October 10th. Robert W. Baird reaffirmed an “outperform” rating and issued a $165.00 price target (up previously from $152.00) on shares of Cintas Corporation in a report on Thursday, September 28th. Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of Cintas Corporation in a report on Wednesday, September 27th. Deutsche Bank AG reaffirmed a “hold” rating and issued a $140.00 price target (up previously from $130.00) on shares of Cintas Corporation in a report on Wednesday, September 27th. Finally, William Blair reaffirmed an “ourperform” rating on shares of Cintas Corporation in a report on Wednesday, September 27th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the stock. Cintas Corporation has a consensus rating of “Hold” and an average target price of $143.00.

Shares of Cintas Corporation (NASDAQ CTAS) traded up $1.25 during mid-day trading on Friday, reaching $148.37. 361,230 shares of the company’s stock were exchanged, compared to its average volume of 631,194. The company has a market cap of $15.77 billion, a PE ratio of 29.99, a price-to-earnings-growth ratio of 2.30 and a beta of 0.87. Cintas Corporation has a 1-year low of $102.85 and a 1-year 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 announced its earnings results on Tuesday, September 26th. The business services provider reported $1.48 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.30 by $0.18. The business had revenue of $1.61 billion during 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%. Cintas Corporation’s revenue for the quarter was up 27.2% compared to the same quarter last year. During the same period last year, the company earned $1.26 EPS. analysts forecast that Cintas Corporation will post 5.36 EPS for the current fiscal year.

The business also recently announced an annual dividend, which will be paid on Friday, December 8th. Investors of record on Friday, November 10th will be given a dividend of $1.62 per share. This is a positive change from Cintas Corporation’s previous annual dividend of $1.33. This represents a yield of 1.07%. The ex-dividend date of this dividend is Thursday, November 9th. Cintas Corporation’s dividend payout ratio (DPR) is currently 30.50%.

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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