Today: Robeco Institutional Asset Management B.V. Sold shares of Cintas Corp. (CTAS)

Today: Robeco Institutional Asset Management B.V. Sold shares of Cintas Corp. (CTAS)

Robeco Institutional Asset Management B.V. reduced its stake in Cintas Corp. (NASDAQ:CTAS) by 5.1% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 353,117 shares of the company’s stock after selling 18,962 shares during the period. Robeco Institutional Asset Management B.V. owned 0.34% of Cintas Corp. worth $39,760,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the company. Trust Co. of Vermont bought a new stake in Cintas Corp. during the third quarter valued at about $118,000. First Personal Financial Services boosted its position in shares of Cintas Corp. by 38.1% in the second quarter. First Personal Financial Services now owns 1,105 shares of the company’s stock worth $108,000 after buying an additional 305 shares during the period. Mizuho Asset Management Co. Ltd. boosted its position in shares of Cintas Corp. by 50.2% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 1,128 shares of the company’s stock worth $111,000 after buying an additional 377 shares during the period. Quadrant Capital Group LLC boosted its position in shares of Cintas Corp. by 0.8% in the second quarter. Quadrant Capital Group LLC now owns 1,129 shares of the company’s stock worth $106,000 after buying an additional 9 shares during the period. Finally, NEXT Financial Group Inc boosted its position in shares of Cintas Corp. by 651.1% in the third quarter. NEXT Financial Group Inc now owns 1,352 shares of the company’s stock worth $152,000 after buying an additional 1,172 shares during the period. 65.23% of the stock is currently owned by institutional investors and hedge funds.

Shares of Cintas Corp. (NASDAQ:CTAS) opened at 116.49 on Monday. Cintas Corp. has a 52 week low of $80.00 and a 52 week high of $119.94. The company has a market cap of $12.22 billion, a price-to-earnings ratio of 17.51 and a beta of 0.86. The company has a 50 day moving average of $108.33 and a 200-day moving average of $105.15.

Cintas Corp. (NASDAQ:CTAS) last issued its earnings results on Tuesday, September 27th. The company reported $1.26 earnings per share for the quarter, beating analysts’ consensus estimates of $1.08 by $0.18. The company had revenue of $1.29 billion for the quarter. Cintas Corp. had a return on equity of 24.60% and a net margin of 14.63%. Cintas Corp.’s revenue for the quarter was up 7.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.93 EPS. On average, equities research analysts expect that Cintas Corp. will post $4.60 earnings per share for the current fiscal year.

The company also recently declared an annual dividend, which will be paid on Friday, December 2nd. Investors of record on Friday, November 4th will be paid a $1.33 dividend. This is a boost from Cintas Corp.’s previous annual dividend of $1.05. The ex-dividend date of this dividend is Wednesday, November 2nd. This represents a dividend yield of 1.23%. Cintas Corp.’s payout ratio is presently 20.24%.

CTAS has been the topic of a number of recent research reports. Nomura reaffirmed a “buy” rating and set a $135.00 price target (up from $124.00) on shares of Cintas Corp. in a research report on Thursday, August 25th. Zacks Investment Research raised shares of Cintas Corp. from a “hold” rating to a “buy” rating and set a $125.00 price target on the stock in a research report on Wednesday, October 5th. Barclays PLC lifted their price target on shares of Cintas Corp. from $105.00 to $110.00 and gave the company an “equal weight” rating in a research report on Thursday, August 11th. Oppenheimer Holdings Inc. reaffirmed a “market perform” rating on shares of Cintas Corp. in a research report on Wednesday, September 28th. Finally, Macquarie initiated coverage on shares of Cintas Corp. in a research report on Thursday, August 25th. They set a “neutral” rating and a $130.00 price target on the stock. One analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company. Cintas Corp. currently has a consensus rating of “Hold” and an average price target of $117.50.

Cintas Corp. Company Profile

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