Mitsubishi UFJ Trust & Banking Corp Acquires 14,216 Shares of Cintas Corporation $CTAS

Mitsubishi UFJ Trust & Banking Corp grew its holdings in Cintas Corporation (NASDAQ:CTAS) by 5.7% in the fourth quarter, HoldingsChannel reports. The fund owned 262,376 shares of the business services provider’s stock after buying an additional 14,216 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Cintas were worth $49,345,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Camelot Portfolios LLC bought a new stake in shares of Cintas in the fourth quarter valued at about $26,000. Key Capital Management INC bought a new stake in shares of Cintas in the fourth quarter valued at about $28,000. Triumph Capital Management acquired a new position in Cintas in the third quarter valued at about $29,000. Alpine Bank Wealth Management raised its stake in Cintas by 1,092.9% in the third quarter. Alpine Bank Wealth Management now owns 167 shares of the business services provider’s stock valued at $34,000 after purchasing an additional 153 shares in the last quarter. Finally, Aventura Private Wealth LLC acquired a new position in Cintas in the fourth quarter valued at about $34,000. Institutional investors own 63.46% of the company’s stock.

Insider Transactions at Cintas

In other Cintas news, Director Ronald W. Tysoe sold 4,666 shares of Cintas stock in a transaction dated Monday, April 20th. The stock was sold at an average price of $178.87, for a total value of $834,607.42. Following the transaction, the director owned 22,448 shares in the company, valued at $4,015,273.76. The trade was a 17.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 14.90% of the stock is currently owned by corporate insiders.

Cintas Stock Performance

Cintas stock opened at $174.22 on Wednesday. Cintas Corporation has a 12-month low of $165.60 and a 12-month high of $229.24. The company has a quick ratio of 1.74, a current ratio of 1.98 and a debt-to-equity ratio of 0.51. The business’s 50-day moving average price is $184.51 and its two-hundred day moving average price is $187.40. The stock has a market cap of $69.70 billion, a PE ratio of 49.21, a P/E/G ratio of 3.06 and a beta of 1.01.

Cintas (NASDAQ:CTAS) last released its earnings results on Wednesday, March 25th. The business services provider reported $1.24 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.24. Cintas had a return on equity of 41.47% and a net margin of 17.57%.The firm had revenue of $2.84 billion for the quarter, compared to analysts’ expectations of $2.82 billion. During the same quarter in the previous year, the business posted $1.13 earnings per share. The business’s revenue for the quarter was up 8.9% on a year-over-year basis. As a group, analysts expect that Cintas Corporation will post 4.89 earnings per share for the current fiscal year.

Cintas Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 15th will be given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date is Friday, May 15th. Cintas’s payout ratio is currently 50.85%.

Analyst Ratings Changes

A number of research analysts recently commented on CTAS shares. Argus raised Cintas to a “strong-buy” rating in a research note on Wednesday, January 21st. Robert W. Baird raised Cintas from a “neutral” rating to an “outperform” rating and set a $250.00 price target for the company in a research note on Wednesday, March 11th. Bank of America started coverage on Cintas in a research note on Tuesday, February 17th. They issued a “neutral” rating and a $215.00 price target for the company. UBS Group reaffirmed a “buy” rating on shares of Cintas in a research note on Thursday, March 12th. Finally, Citigroup dropped their price target on Cintas from $181.00 to $160.00 and set a “sell” rating for the company in a research note on Tuesday, March 31st. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $215.17.

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.