Mitsubishi UFJ Asset Management Co. Ltd. Acquires 60,202 Shares of Cintas Co. (NASDAQ:CTAS)

Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in Cintas Co. (NASDAQ:CTAS) by 10.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 661,418 shares of the business services provider’s stock after acquiring an additional 60,202 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.16% of Cintas worth $122,925,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Guardian Wealth Advisors LLC grew its holdings in shares of Cintas by 3.1% during the 4th quarter. Guardian Wealth Advisors LLC now owns 1,741 shares of the business services provider’s stock worth $318,000 after acquiring an additional 52 shares during the period. MGB Wealth Management LLC raised its holdings in Cintas by 0.7% in the fourth quarter. MGB Wealth Management LLC now owns 7,248 shares of the business services provider’s stock worth $1,328,000 after purchasing an additional 52 shares in the last quarter. TIAA Trust National Association lifted its position in Cintas by 1.0% during the fourth quarter. TIAA Trust National Association now owns 5,380 shares of the business services provider’s stock valued at $983,000 after buying an additional 52 shares during the period. Aaron Wealth Advisors LLC boosted its holdings in shares of Cintas by 2.0% during the 4th quarter. Aaron Wealth Advisors LLC now owns 2,803 shares of the business services provider’s stock valued at $512,000 after buying an additional 55 shares in the last quarter. Finally, S.A. Mason LLC lifted its position in Cintas by 3.3% during the 4th quarter. S.A. Mason LLC now owns 1,703 shares of the business services provider’s stock valued at $311,000 after acquiring an additional 55 shares during the period. 63.46% of the stock is currently owned by institutional investors.

Cintas Price Performance

NASDAQ CTAS opened at $206.25 on Friday. The company has a quick ratio of 1.38, a current ratio of 1.58 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $83.23 billion, a P/E ratio of 49.73, a PEG ratio of 3.98 and a beta of 1.41. The company has a 50-day moving average price of $200.91 and a 200-day moving average price of $208.87. Cintas Co. has a 52 week low of $162.16 and a 52 week high of $228.12.

Cintas (NASDAQ:CTAS) last released its quarterly earnings results on Wednesday, March 26th. The business services provider reported $1.13 earnings per share for the quarter, topping the consensus estimate of $1.05 by $0.08. Cintas had a net margin of 17.23% and a return on equity of 40.62%. The business had revenue of $2.61 billion for the quarter, compared to the consensus estimate of $2.60 billion. During the same period last year, the firm earned $3.84 earnings per share. The company’s quarterly revenue was up 8.4% on a year-over-year basis. Equities research analysts anticipate that Cintas Co. will post 4.31 earnings per share for the current year.

Cintas Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 14th were issued a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 0.76%. The ex-dividend date was Friday, February 14th. Cintas’s dividend payout ratio is 36.11%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on CTAS. Wells Fargo & Company lifted their target price on shares of Cintas from $184.00 to $196.00 and gave the company an “underweight” rating in a report on Thursday. Royal Bank of Canada reissued a “sector perform” rating and issued a $215.00 target price on shares of Cintas in a report on Thursday. Robert W. Baird increased their target price on Cintas from $200.00 to $227.00 and gave the stock a “neutral” rating in a research note on Thursday. UBS Group lifted their price target on Cintas from $218.00 to $240.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, The Goldman Sachs Group increased their price objective on shares of Cintas from $211.00 to $233.00 and gave the company a “buy” rating in a research report on Thursday. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the stock. According to MarketBeat, Cintas presently has a consensus rating of “Hold” and a consensus price target of $207.57.

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.