Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its position in shares of Cintas Corporation (NASDAQ:CTAS) by 6.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,682 shares of the business services provider’s stock after acquiring an additional 870 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Cintas Corporation were worth $1,974,000 at the end of the most recent quarter.
A number of other institutional investors have also recently added to or reduced their stakes in CTAS. Teachers Advisors LLC lifted its position in Cintas Corporation by 3.3% during the 1st quarter. Teachers Advisors LLC now owns 102,048 shares of the business services provider’s stock worth $12,913,000 after acquiring an additional 3,258 shares during the last quarter. Thrivent Financial For Lutherans increased its holdings in shares of Cintas Corporation by 6.0% during the 1st quarter. Thrivent Financial For Lutherans now owns 3,160 shares of the business services provider’s stock worth $400,000 after purchasing an additional 180 shares during the period. Fox Run Management L.L.C. bought a new position in shares of Cintas Corporation during the 2nd quarter worth about $315,000. Bank of Montreal Can increased its holdings in shares of Cintas Corporation by 10.9% during the 2nd quarter. Bank of Montreal Can now owns 50,139 shares of the business services provider’s stock worth $6,319,000 after purchasing an additional 4,925 shares during the period. Finally, Gateway Investment Advisers LLC increased its holdings in shares of Cintas Corporation by 0.4% during the 2nd quarter. Gateway Investment Advisers LLC now owns 6,146 shares of the business services provider’s stock worth $775,000 after purchasing an additional 23 shares during the period. 65.67% of the stock is owned by hedge funds and other institutional investors.
In other Cintas Corporation news, Director Gerald S. Adolph sold 2,000 shares of the company’s stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $133.69, for a total transaction of $267,380.00. Following the sale, the director now directly owns 13,135 shares of the company’s stock, valued at $1,756,018.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 18.90% of the stock is currently owned by corporate insiders.
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CTAS has been the topic of several research reports. Deutsche Bank AG set a $130.00 price objective on shares of Cintas Corporation and gave the stock a “hold” rating in a report on Friday, July 21st. Royal Bank Of Canada restated a “hold” rating and set a $130.00 price objective on shares of Cintas Corporation in a report on Friday, July 21st. Zacks Investment Research downgraded shares of Cintas Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, September 20th. Morgan Stanley restated an “underweight” rating and set a $127.00 price objective (up previously from $117.00) on shares of Cintas Corporation in a report on Wednesday, September 27th. Finally, Stifel Nicolaus boosted their price objective on shares of Cintas Corporation from $123.00 to $136.00 and gave the stock a “hold” rating in a report on Friday, July 21st. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $143.00.
Shares of Cintas Corporation (NASDAQ:CTAS) opened at $146.10 on Monday. The firm has a market cap of $15,531.07, a PE ratio of 29.69, a P/E/G ratio of 2.27 and a beta of 0.87. Cintas Corporation has a 52 week low of $106.99 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 posted its earnings results on Tuesday, September 26th. The business services provider reported $1.48 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.30 by $0.18. The business had revenue of $1.61 billion for the quarter, compared to analysts’ expectations of $1.57 billion. Cintas Corporation had a net margin of 9.79% and a return on equity of 23.71%. The firm’s revenue for the quarter was up 27.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.26 earnings per share. equities analysts expect 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 $1.62 dividend. The ex-dividend date is Thursday, November 9th. This represents a yield of 1.07%. This is a boost from Cintas Corporation’s previous annual dividend of $1.33. Cintas Corporation’s payout ratio is presently 31.89%.
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.
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