Mitsubishi UFJ Kokusai Asset Management Co. Ltd. Lowers Stake in Cintas Co. (CTAS)

Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lessened its holdings in Cintas Co. (NASDAQ:CTAS) by 1.7% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 15,386 shares of the business services provider’s stock after selling 271 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Cintas were worth $2,847,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CTAS. Moneta Group Investment Advisors LLC acquired a new position in Cintas during the 1st quarter valued at approximately $114,000. Edge Wealth Management LLC acquired a new position in Cintas during the 2nd quarter valued at approximately $133,000. Synovus Financial Corp acquired a new position in Cintas during the 1st quarter valued at approximately $141,000. Daiwa SB Investments Ltd. acquired a new position in Cintas during the 2nd quarter valued at approximately $143,000. Finally, CenterStar Asset Management LLC acquired a new position in Cintas during the 1st quarter valued at approximately $149,000. Hedge funds and other institutional investors own 68.72% of the company’s stock.

A number of research analysts have issued reports on CTAS shares. ValuEngine upgraded shares of Cintas from a “hold” rating to a “buy” rating in a research note on Wednesday, May 2nd. Zacks Investment Research upgraded shares of Cintas from a “hold” rating to a “buy” rating and set a $203.00 price target on the stock in a research note on Wednesday, May 23rd. Morgan Stanley upped their price target on shares of Cintas from $152.00 to $158.00 and gave the company a “$192.53” rating in a research note on Wednesday, July 18th. Stifel Nicolaus upped their price target on shares of Cintas from $162.00 to $180.00 and gave the company a “hold” rating in a research note on Friday, July 20th. Finally, Robert W. Baird restated a “buy” rating and set a $215.00 price target on shares of Cintas in a research note on Friday, July 20th. Seven investment analysts have rated the stock with a hold rating, six have issued a buy rating and two have issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $184.58.

NASDAQ:CTAS opened at $212.63 on Monday. The firm has a market capitalization of $22.60 billion, a PE ratio of 35.80, a price-to-earnings-growth ratio of 2.50 and a beta of 0.96. Cintas Co. has a 1-year low of $131.75 and a 1-year high of $213.97. The company has a current ratio of 2.55, a quick ratio of 2.19 and a debt-to-equity ratio of 0.84.

Cintas (NASDAQ:CTAS) last released its quarterly earnings data on Thursday, July 19th. The business services provider reported $1.77 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.67 by $0.10. The firm had revenue of $1.67 billion for the quarter, compared to analyst estimates of $1.64 billion. Cintas had a net margin of 13.01% and a return on equity of 24.03%. The business’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.75 earnings per share. research analysts predict that Cintas Co. will post 7.09 EPS for the current fiscal year.

Cintas Profile

Cintas Corporation provides corporate identity uniforms and related business services primarily in North America, Latin America, Europe, and Asia. It operates through Uniform Rental and Facility Services and First Aid and Safety Services 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, and carpet and tile cleaning services, as well as sells uniforms directly.

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Institutional Ownership by Quarter for Cintas (NASDAQ:CTAS)

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