Cintas Co. (NASDAQ:CTAS) Shares Bought by Tokio Marine Asset Management Co. Ltd.

Tokio Marine Asset Management Co. Ltd. raised its stake in Cintas Co. (NASDAQ:CTAS) by 20.4% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 2,228 shares of the business services provider’s stock after buying an additional 378 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Cintas were worth $1,343,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Janiczek Wealth Management LLC lifted its stake in shares of Cintas by 113.0% during the fourth quarter. Janiczek Wealth Management LLC now owns 49 shares of the business services provider’s stock valued at $30,000 after acquiring an additional 26 shares during the period. Catalyst Capital Advisors LLC raised its holdings in shares of Cintas by 33.9% during the 3rd quarter. Catalyst Capital Advisors LLC now owns 75 shares of the business services provider’s stock worth $36,000 after buying an additional 19 shares in the last quarter. Turtle Creek Wealth Advisors LLC bought a new stake in shares of Cintas in the 4th quarter valued at about $46,000. Oakworth Capital Inc. acquired a new position in Cintas during the 4th quarter worth approximately $48,000. Finally, Raleigh Capital Management Inc. increased its position in shares of Cintas by 66.7% during the third quarter. Raleigh Capital Management Inc. now owns 85 shares of the business services provider’s stock valued at $41,000 after acquiring an additional 34 shares during the last quarter. Hedge funds and other institutional investors own 63.46% of the company’s stock.

Wall Street Analyst Weigh In

CTAS has been the topic of several research reports. UBS Group lifted their price objective on Cintas from $680.00 to $790.00 and gave the company a “buy” rating in a research report on Thursday, March 28th. Bank of America raised their target price on shares of Cintas from $700.00 to $790.00 and gave the company a “buy” rating in a research note on Thursday, March 28th. StockNews.com upgraded shares of Cintas from a “hold” rating to a “buy” rating in a research note on Monday, March 25th. The Goldman Sachs Group boosted their price objective on shares of Cintas from $673.00 to $765.00 and gave the stock a “buy” rating in a research note on Thursday, March 28th. Finally, Robert W. Baird upped their price target on shares of Cintas from $660.00 to $750.00 and gave the stock an “outperform” rating in a research report on Thursday, March 28th. Six equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $661.21.

Cintas Price Performance

CTAS stock traded down $1.36 during trading on Friday, hitting $663.89. 14,506 shares of the stock traded hands, compared to its average volume of 347,005. The company has a 50 day simple moving average of $647.19 and a 200 day simple moving average of $592.24. Cintas Co. has a one year low of $440.01 and a one year high of $704.84. The stock has a market cap of $67.30 billion, a price-to-earnings ratio of 45.94, a P/E/G ratio of 3.89 and a beta of 1.27. The company has a current ratio of 2.38, a quick ratio of 2.03 and a debt-to-equity ratio of 0.58.

Cintas (NASDAQ:CTAS) last issued its earnings results on Wednesday, March 27th. The business services provider reported $3.84 earnings per share for the quarter, topping analysts’ consensus estimates of $3.58 by $0.26. The business had revenue of $2.41 billion for the quarter, compared to the consensus estimate of $2.39 billion. Cintas had a net margin of 15.98% and a return on equity of 37.19%. The firm’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same period in the previous year, the company earned $3.14 earnings per share. Equities analysts expect that Cintas Co. will post 14.95 EPS for the current fiscal year.

Cintas Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Wednesday, May 15th will be paid a dividend of $1.35 per share. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $5.40 dividend on an annualized basis and a yield of 0.81%. Cintas’s dividend payout ratio (DPR) is presently 37.29%.

Cintas Company Profile

Cintas Corporation provides 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.