Zurcher Kantonalbank Zurich Cantonalbank Has $34.62 Million Stock Holdings in Cintas Co. (NASDAQ:CTAS)

Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Cintas Co. (NASDAQ:CTAS) by 215.2% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 168,144 shares of the business services provider’s stock after purchasing an additional 114,806 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Cintas were worth $34,617,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of CTAS. Janus Henderson Group PLC lifted its stake in shares of Cintas by 36.8% during the 1st quarter. Janus Henderson Group PLC now owns 16,137 shares of the business services provider’s stock worth $11,081,000 after buying an additional 4,340 shares during the last quarter. Swedbank AB acquired a new position in shares of Cintas in the first quarter valued at approximately $37,658,000. Atria Investments Inc grew its position in shares of Cintas by 5.7% in the first quarter. Atria Investments Inc now owns 5,680 shares of the business services provider’s stock valued at $3,903,000 after purchasing an additional 306 shares during the last quarter. Cetera Investment Advisers lifted its holdings in Cintas by 141.3% during the 1st quarter. Cetera Investment Advisers now owns 25,498 shares of the business services provider’s stock worth $17,518,000 after purchasing an additional 14,930 shares during the last quarter. Finally, Cetera Advisors LLC boosted its stake in Cintas by 185.1% in the 1st quarter. Cetera Advisors LLC now owns 8,980 shares of the business services provider’s stock valued at $6,170,000 after purchasing an additional 5,830 shares during the period. Institutional investors and hedge funds own 63.46% of the company’s stock.

Cintas Price Performance

Shares of NASDAQ:CTAS opened at $224.05 on Friday. The firm has a 50 day simple moving average of $212.33 and a 200 day simple moving average of $198.50. The company has a market cap of $90.36 billion, a price-to-earnings ratio of 56.58, a PEG ratio of 4.41 and a beta of 1.32. Cintas Co. has a one year low of $136.87 and a one year high of $228.12. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.53 and a quick ratio of 1.33.

Cintas (NASDAQ:CTAS) last released its quarterly earnings data on Wednesday, September 25th. The business services provider reported $1.10 earnings per share for the quarter, beating the consensus estimate of $1.00 by $0.10. The company had revenue of $2.50 billion for the quarter, compared to the consensus estimate of $2.49 billion. Cintas had a return on equity of 39.56% and a net margin of 16.80%. Cintas’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same quarter last year, the business posted $3.70 EPS. Research analysts predict that Cintas Co. will post 4.23 earnings per share for the current fiscal year.

Cintas Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 15th will be given a dividend of $0.39 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.56 annualized dividend and a yield of 0.70%. Cintas’s dividend payout ratio is presently 39.39%.

Wall Street Analyst Weigh In

CTAS has been the subject of a number of research reports. Morgan Stanley lifted their target price on Cintas from $170.00 to $185.00 and gave the stock an “equal weight” rating in a report on Thursday, September 26th. Jefferies Financial Group dropped their price objective on shares of Cintas from $730.00 to $200.00 and set a “hold” rating for the company in a research note on Thursday, September 26th. The Goldman Sachs Group increased their target price on shares of Cintas from $212.00 to $236.00 and gave the stock a “buy” rating in a research report on Thursday, September 26th. UBS Group lifted their price target on shares of Cintas from $219.00 to $240.00 and gave the company a “buy” rating in a research report on Thursday, September 26th. Finally, Robert W. Baird increased their price target on Cintas from $194.00 to $209.00 and gave the stock a “neutral” rating in a research report on Thursday, September 26th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $199.63.

About Cintas

Cintas Corporation engages in the provision of corporate identity uniforms and related business services primarily in the United States, Canada, and Latin America. It operates through Uniform Rental and Facility Services, First Aid and Safety Services, and All Other segments. The company rents and services uniforms and other garments, including flame resistant clothing, mats, mops and shop towels, and other ancillary items; and provides restroom cleaning services and supplies, as well as sells uniforms.