Mitsubishi UFJ Asset Management Co. Ltd. Raises Stock Position in Cintas Co. (NASDAQ:CTAS)

Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in Cintas Co. (NASDAQ:CTAS) by 10.0% during the 4th quarter, Holdings Channel.com reports. The fund owned 661,418 shares of the business services provider’s stock after acquiring an additional 60,202 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Cintas were worth $122,925,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Guardian Wealth Advisors LLC lifted its holdings in Cintas by 3.1% in the 4th quarter. Guardian Wealth Advisors LLC now owns 1,741 shares of the business services provider’s stock worth $318,000 after purchasing an additional 52 shares in the last quarter. MGB Wealth Management LLC raised its position in shares of Cintas by 0.7% during the fourth quarter. MGB Wealth Management LLC now owns 7,248 shares of the business services provider’s stock valued at $1,328,000 after buying an additional 52 shares during the last quarter. TIAA Trust National Association lifted its holdings in shares of Cintas by 1.0% in the fourth quarter. TIAA Trust National Association now owns 5,380 shares of the business services provider’s stock worth $983,000 after buying an additional 52 shares in the last quarter. Aaron Wealth Advisors LLC boosted its position in shares of Cintas by 2.0% during the fourth quarter. Aaron Wealth Advisors LLC now owns 2,803 shares of the business services provider’s stock worth $512,000 after acquiring an additional 55 shares during the last quarter. Finally, S.A. Mason LLC grew its stake in Cintas by 3.3% during the fourth quarter. S.A. Mason LLC now owns 1,703 shares of the business services provider’s stock valued at $311,000 after acquiring an additional 55 shares in the last quarter. Institutional investors own 63.46% of the company’s stock.

Cintas Trading Up 0.8 %

NASDAQ CTAS opened at $206.25 on Friday. The stock has a market cap of $83.23 billion, a PE ratio of 49.73, a PEG ratio of 3.98 and a beta of 1.41. Cintas Co. has a 12 month low of $162.16 and a 12 month high of $228.12. The company’s 50-day moving average price is $200.91 and its 200-day moving average price is $208.87. The company has a current ratio of 1.58, a quick ratio of 1.38 and a debt-to-equity ratio of 0.47.

Cintas (NASDAQ:CTAS) last issued its earnings results on Wednesday, March 26th. The business services provider reported $1.13 EPS for the quarter, topping analysts’ consensus estimates of $1.05 by $0.08. The business had revenue of $2.61 billion for the quarter, compared to the consensus estimate of $2.60 billion. Cintas had a net margin of 17.23% and a return on equity of 40.62%. The company’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.84 EPS. Equities research analysts forecast that Cintas Co. will post 4.31 earnings per share for the current year.

Cintas Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 14th were issued a $0.39 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.56 annualized dividend and a dividend yield of 0.76%. Cintas’s payout ratio is currently 36.11%.

Analyst Ratings Changes

Several research analysts have commented on the stock. Wells Fargo & Company increased their price objective on shares of Cintas from $184.00 to $196.00 and gave the company an “underweight” rating in a report on Thursday. Robert W. Baird raised their price target on Cintas from $200.00 to $227.00 and gave the company a “neutral” rating in a report on Thursday. Citigroup started coverage on Cintas in a report on Monday, February 24th. They set a “sell” rating and a $161.00 price objective on the stock. Royal Bank of Canada reissued a “sector perform” rating and issued a $215.00 target price on shares of Cintas in a report on Thursday. Finally, UBS Group upped their price target on shares of Cintas from $218.00 to $240.00 and gave the company a “buy” rating in a research note on Thursday. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, Cintas currently has a consensus rating of “Hold” and an average price target of $207.57.

Cintas Profile

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.