Mitsubishi UFJ Securities Holdings Co. Ltd. acquired a new stake in shares of Cintas Co. (NASDAQ:CTAS) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 2,400 shares of the business services provider’s stock, valued at approximately $475,000. Cintas makes up approximately 1.5% of Mitsubishi UFJ Securities Holdings Co. Ltd.’s holdings, making the stock its 17th biggest position.

Several other institutional investors also recently bought and sold shares of the company. Janney Montgomery Scott LLC raised its holdings in shares of Cintas by 42.7% in the 2nd quarter. Janney Montgomery Scott LLC now owns 6,530 shares of the business services provider’s stock worth $1,209,000 after purchasing an additional 1,955 shares during the period. Piedmont Investment Advisors LLC purchased a new stake in shares of Cintas during the 2nd quarter valued at about $181,000. Aperio Group LLC raised its holdings in shares of Cintas by 3.5% during the 2nd quarter. Aperio Group LLC now owns 38,333 shares of the business services provider’s stock valued at $7,094,000 after buying an additional 1,296 shares during the period. Raymond James Financial Services Advisors Inc. raised its holdings in shares of Cintas by 30.4% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 11,262 shares of the business services provider’s stock valued at $2,084,000 after buying an additional 2,626 shares during the period. Finally, Comerica Bank raised its holdings in shares of Cintas by 2.2% during the 2nd quarter. Comerica Bank now owns 39,714 shares of the business services provider’s stock valued at $7,714,000 after buying an additional 873 shares during the period. Hedge funds and other institutional investors own 66.37% of the company’s stock.

NASDAQ CTAS traded down $2.51 during mid-day trading on Thursday, reaching $176.98. 2,491 shares of the company’s stock traded hands, compared to its average volume of 516,443. Cintas Co. has a 1-year low of $147.38 and a 1-year high of $217.34. The company has a quick ratio of 2.65, a current ratio of 3.10 and a debt-to-equity ratio of 0.76. The firm has a market cap of $19.19 billion, a PE ratio of 29.95, a price-to-earnings-growth ratio of 2.06 and a beta of 1.03.

Cintas (NASDAQ:CTAS) last issued its quarterly earnings data on Tuesday, September 25th. The business services provider reported $1.93 earnings per share for the quarter, beating analysts’ consensus estimates of $1.80 by $0.13. Cintas had a return on equity of 24.13% and a net margin of 12.72%. The firm had revenue of $1.70 billion during the quarter, compared to analyst estimates of $1.68 billion. During the same quarter last year, the firm earned $1.45 EPS. Cintas’s quarterly revenue was up 5.4% on a year-over-year basis. On average, analysts anticipate that Cintas Co. will post 7.24 earnings per share for the current year.

The firm also recently disclosed an annual dividend, which will be paid on Friday, December 7th. Shareholders of record on Friday, November 9th will be paid a dividend of $2.05 per share. This represents a yield of 1.13%. The ex-dividend date is Thursday, November 8th. This is a positive change from Cintas’s previous annual dividend of $1.62. Cintas’s dividend payout ratio (DPR) is 34.51%.

Several equities research analysts recently commented on CTAS shares. Robert W. Baird set a $235.00 target price on Cintas and gave the company a “buy” rating in a report on Tuesday, October 30th. Zacks Investment Research upgraded Cintas from a “hold” rating to a “buy” rating and set a $221.00 target price on the stock in a report on Friday, September 28th. BidaskClub downgraded Cintas from a “strong-buy” rating to a “buy” rating in a report on Friday, October 19th. Credit Suisse Group started coverage on Cintas in a report on Friday, August 10th. They set a “neutral” rating and a $205.00 target price on the stock. Finally, Bank of America started coverage on Cintas in a report on Tuesday, October 23rd. They set a “neutral” rating and a $200.00 target price on the stock. One analyst has rated the stock with a sell rating, six have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. Cintas currently has an average rating of “Buy” and a consensus price target of $202.17.

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About Cintas

Cintas Corporation provides corporate identity uniforms and related business services primarily in North America, Latin America, Europe, and Asia. It operates through Uniform Rental and Facility Services and First Aid and Safety Services 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, and carpet and tile cleaning services, as well as sells uniforms directly.

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Institutional Ownership by Quarter for Cintas (NASDAQ:CTAS)

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