Mitsubishi UFJ Asset Management Co. Ltd. Buys 28,907 Shares of Cintas Corporation $CTAS

Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of Cintas Corporation (NASDAQ:CTAS) by 3.8% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 798,227 shares of the business services provider’s stock after acquiring an additional 28,907 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Cintas were worth $163,844,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the stock. Brighton Jones LLC raised its position in shares of Cintas by 9.3% in the fourth quarter. Brighton Jones LLC now owns 1,268 shares of the business services provider’s stock valued at $232,000 after purchasing an additional 108 shares during the period. Sivia Capital Partners LLC boosted its holdings in shares of Cintas by 42.3% during the 2nd quarter. Sivia Capital Partners LLC now owns 1,441 shares of the business services provider’s stock worth $321,000 after buying an additional 428 shares during the period. Ashton Thomas Private Wealth LLC acquired a new position in Cintas in the 2nd quarter valued at $295,000. Transcend Capital Advisors LLC bought a new position in Cintas in the 2nd quarter worth $230,000. Finally, Advisory Alpha LLC raised its holdings in Cintas by 3.9% in the 2nd quarter. Advisory Alpha LLC now owns 1,718 shares of the business services provider’s stock worth $383,000 after acquiring an additional 65 shares during the period. 63.46% of the stock is owned by institutional investors.

Analysts Set New Price Targets

CTAS has been the topic of several research analyst reports. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Cintas in a research report on Monday, December 29th. Citigroup reissued a “sell” rating and set a $181.00 price objective (up from $176.00) on shares of Cintas in a research report on Monday, December 22nd. Rothschild & Co Redburn set a $184.00 target price on Cintas in a report on Tuesday, November 11th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $206.00 price target on shares of Cintas in a research report on Friday, December 19th. Finally, UBS Group reiterated a “buy” rating on shares of Cintas in a report on Friday, December 19th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Cintas has an average rating of “Hold” and an average target price of $218.17.

Cintas Stock Up 0.8%

CTAS stock opened at $198.28 on Friday. Cintas Corporation has a twelve month low of $180.39 and a twelve month high of $229.24. The company has a quick ratio of 1.49, a current ratio of 1.71 and a debt-to-equity ratio of 0.54. The company has a market cap of $79.29 billion, a PE ratio of 57.81, a price-to-earnings-growth ratio of 3.55 and a beta of 0.95. The business’s 50-day simple moving average is $192.80 and its 200 day simple moving average is $194.91.

Cintas (NASDAQ:CTAS) last posted its quarterly earnings results on Thursday, December 18th. The business services provider reported $1.21 EPS for the quarter, beating the consensus estimate of $1.20 by $0.01. Cintas had a return on equity of 41.07% and a net margin of 17.58%.The firm had revenue of $2.80 billion during the quarter, compared to analysts’ expectations of $2.77 billion. During the same quarter in the prior year, the firm posted $1.09 EPS. The company’s revenue for the quarter was up 9.3% on a year-over-year basis. Cintas has set its FY 2026 guidance at 4.810-4.880 EPS. On average, research analysts anticipate that Cintas Corporation will post 4.31 earnings per share for the current year.

Cintas Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, February 13th will be given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Friday, February 13th. Cintas’s dividend payout ratio (DPR) is 52.48%.

About Cintas

Cintas Corporation (NASDAQ: CTAS) is a provider of business services and products focused on workplace appearance, safety and facility maintenance. The company is best known for its uniform rental and corporate apparel programs, which include rental, leasing and direct-purchase options, laundering and garment repair. Cintas markets its services to a wide range of end-users, including manufacturing, food service, healthcare, hospitality, retail and government customers.

Beyond uniforms, Cintas offers a suite of facility services and products designed to help organizations maintain clean, safe and compliant workplaces.