MUFG Securities EMEA plc Grows Stock Holdings in Cintas Corporation $CTAS

MUFG Securities EMEA plc boosted its holdings in Cintas Corporation (NASDAQ:CTAS) by 906.8% in the fourth quarter, Holdings Channel reports. The institutional investor owned 66,004 shares of the business services provider’s stock after acquiring an additional 59,448 shares during the quarter. MUFG Securities EMEA plc’s holdings in Cintas were worth $12,413,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the business. Richardson Financial Services Inc. grew its stake in Cintas by 1.1% in the 4th quarter. Richardson Financial Services Inc. now owns 5,058 shares of the business services provider’s stock valued at $951,000 after buying an additional 54 shares in the last quarter. Woodward Diversified Capital LLC grew its stake in Cintas by 4.8% in the 4th quarter. Woodward Diversified Capital LLC now owns 1,288 shares of the business services provider’s stock valued at $242,000 after buying an additional 59 shares in the last quarter. Mather Group LLC. grew its stake in Cintas by 1.4% in the 4th quarter. Mather Group LLC. now owns 4,381 shares of the business services provider’s stock valued at $824,000 after buying an additional 59 shares in the last quarter. Oakworth Capital Inc. grew its stake in Cintas by 4.8% in the 3rd quarter. Oakworth Capital Inc. now owns 1,300 shares of the business services provider’s stock valued at $267,000 after buying an additional 60 shares in the last quarter. Finally, Ausdal Financial Partners Inc. grew its stake in Cintas by 2.8% in the 2nd quarter. Ausdal Financial Partners Inc. now owns 2,287 shares of the business services provider’s stock valued at $510,000 after buying an additional 63 shares in the last quarter. 63.46% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Cintas

In related news, Director Ronald W. Tysoe sold 4,666 shares of the company’s stock in a transaction on Monday, April 20th. The shares were sold at an average price of $178.87, for a total value of $834,607.42. Following the completion of the transaction, the director directly owned 22,448 shares in the company, valued at approximately $4,015,273.76. The trade was a 17.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 14.90% of the company’s stock.

Analyst Upgrades and Downgrades

CTAS has been the subject of a number of recent research reports. Bank of America initiated coverage on shares of Cintas in a research note on Tuesday, February 17th. They issued a “neutral” rating and a $215.00 price objective for the company. Citigroup reduced their price target on shares of Cintas from $181.00 to $160.00 and set a “sell” rating for the company in a research report on Tuesday, March 31st. Stifel Nicolaus decreased their price target on shares of Cintas from $222.00 to $190.00 and set a “hold” rating on the stock in a report on Thursday, March 26th. UBS Group reiterated a “buy” rating on shares of Cintas in a research report on Thursday, March 12th. Finally, Weiss Ratings lowered Cintas from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, April 1st. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $215.17.

Cintas Price Performance

NASDAQ:CTAS opened at $171.26 on Monday. The firm has a market capitalization of $68.52 billion, a price-to-earnings ratio of 48.38, a P/E/G ratio of 3.02 and a beta of 0.94. Cintas Corporation has a 52-week low of $161.16 and a 52-week high of $229.24. The stock has a fifty day moving average of $172.93 and a 200 day moving average of $184.83. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.74 and a current ratio of 1.98.

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

Cintas Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, May 15th will be given a $0.45 dividend. The ex-dividend date is Friday, May 15th. This represents a $1.80 annualized dividend and a yield of 1.1%. Cintas’s payout ratio is 50.85%.

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.