5,061 Shares in Cintas Co. (NASDAQ:CTAS) Purchased by Mufg Securities Americas Inc.

Mufg Securities Americas Inc. acquired a new position in shares of Cintas Co. (NASDAQ:CTAS) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 5,061 shares of the business services provider’s stock, valued at approximately $925,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CTAS. Sound Income Strategies LLC purchased a new stake in Cintas during the 4th quarter worth about $27,000. Cyrus J. Lawrence LLC purchased a new stake in Cintas in the 4th quarter valued at about $29,000. Endeavor Private Wealth Inc. purchased a new stake in Cintas in the 4th quarter valued at about $31,000. IAG Wealth Partners LLC grew its holdings in Cintas by 136.8% in the 4th quarter. IAG Wealth Partners LLC now owns 180 shares of the business services provider’s stock valued at $33,000 after buying an additional 104 shares during the period. Finally, Newbridge Financial Services Group Inc. purchased a new stake in Cintas in the 4th quarter valued at about $34,000. Hedge funds and other institutional investors own 63.46% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on CTAS shares. Argus upgraded Cintas to a “strong-buy” rating in a report on Wednesday, April 16th. Redburn Atlantic cut Cintas from a “neutral” rating to a “sell” rating and set a $171.00 price target for the company. in a report on Thursday, May 1st. Royal Bank of Canada reiterated a “sector perform” rating and set a $215.00 target price on shares of Cintas in a report on Thursday, March 27th. Robert W. Baird boosted their target price on Cintas from $200.00 to $227.00 and gave the stock a “neutral” rating in a report on Thursday, March 27th. Finally, UBS Group boosted their target price on Cintas from $218.00 to $240.00 and gave the stock a “buy” rating in a report on Thursday, March 27th. Three research analysts have rated the stock with a sell rating, six have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $213.88.

Cintas Stock Performance

Shares of CTAS opened at $214.19 on Thursday. The business’s 50 day moving average is $203.67 and its two-hundred day moving average is $204.58. Cintas Co. has a 52-week low of $164.93 and a 52-week high of $228.12. The firm has a market cap of $86.49 billion, a price-to-earnings ratio of 51.64, a PEG ratio of 3.98 and a beta of 1.09. The company has a quick ratio of 1.38, a current ratio of 1.58 and a debt-to-equity ratio of 0.47.

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

Cintas Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Thursday, May 15th will be issued a $0.39 dividend. The ex-dividend date is Thursday, May 15th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.73%. Cintas’s dividend payout ratio (DPR) is 36.11%.

Insider Activity

In other news, Director Ronald W. Tysoe sold 8,521 shares of the business’s stock in a transaction that occurred on Monday, April 14th. The stock was sold at an average price of $208.96, for a total value of $1,780,548.16. Following the completion of the sale, the director now directly owns 27,029 shares in the company, valued at approximately $5,647,979.84. The trade was a 23.97% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Jim Rozakis sold 2,000 shares of the company’s stock in a transaction on Monday, April 7th. The stock was sold at an average price of $190.37, for a total value of $380,740.00. Following the transaction, the chief operating officer now owns 256,528 shares of the company’s stock, valued at approximately $48,835,235.36. The trade was a 0.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 15.00% of the company’s stock.

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.