SBI Securities Co. Ltd. Makes New Investment in Cintas Co. (NASDAQ:CTAS)

SBI Securities Co. Ltd. bought a new position in Cintas Co. (NASDAQ:CTAS - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 15,025 shares of the business services provider's stock, valued at approximately $2,745,000.

A number of other large investors have also added to or reduced their stakes in CTAS. China Universal Asset Management Co. Ltd. lifted its holdings in shares of Cintas by 28.4% during the 4th quarter. China Universal Asset Management Co. Ltd. now owns 6,563 shares of the business services provider's stock valued at $1,199,000 after buying an additional 1,450 shares during the period. KMG Fiduciary Partners LLC increased its position in Cintas by 121.8% during the fourth quarter. KMG Fiduciary Partners LLC now owns 11,545 shares of the business services provider's stock valued at $2,109,000 after acquiring an additional 6,341 shares during the last quarter. Wellington Management Group LLP lifted its holdings in Cintas by 211.7% in the third quarter. Wellington Management Group LLP now owns 778,884 shares of the business services provider's stock valued at $160,357,000 after acquiring an additional 529,005 shares during the period. JPMorgan Chase & Co. boosted its position in Cintas by 137.5% in the third quarter. JPMorgan Chase & Co. now owns 2,222,527 shares of the business services provider's stock worth $457,574,000 after purchasing an additional 1,286,668 shares during the last quarter. Finally, Annex Advisory Services LLC grew its stake in shares of Cintas by 1.6% during the 4th quarter. Annex Advisory Services LLC now owns 127,441 shares of the business services provider's stock valued at $23,283,000 after purchasing an additional 1,988 shares during the period. Institutional investors own 63.46% of the company's stock.

Analyst Ratings Changes

CTAS has been the topic of several recent research reports. Royal Bank of Canada reiterated a "sector perform" rating and issued a $215.00 price objective on shares of Cintas in a research note on Friday, December 20th. Wells Fargo & Company dropped their price target on shares of Cintas from $191.00 to $184.00 and set an "underweight" rating on the stock in a research note on Friday, December 20th. Robert W. Baird cut their price objective on shares of Cintas from $209.00 to $200.00 and set a "neutral" rating for the company in a research report on Friday, December 20th. UBS Group decreased their target price on Cintas from $240.00 to $218.00 and set a "buy" rating on the stock in a report on Friday, December 20th. Finally, Morgan Stanley boosted their price target on Cintas from $185.00 to $202.00 and gave the company an "equal weight" rating in a report on Thursday, December 12th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, Cintas presently has an average rating of "Hold" and an average target price of $199.79.

Cintas Price Performance

CTAS traded down $0.07 during trading on Monday, hitting $207.43. 1,684,951 shares of the company traded hands, compared to its average volume of 1,729,431. The company has a current ratio of 1.58, a quick ratio of 1.38 and a debt-to-equity ratio of 0.47. The company has a market cap of $83.71 billion, a PE ratio of 50.01, a P/E/G ratio of 3.98 and a beta of 1.38. The stock's 50-day simple moving average is $197.13 and its two-hundred day simple moving average is $208.94. Cintas Co. has a 1 year low of $154.15 and a 1 year high of $228.12.

Cintas (NASDAQ:CTAS - Get Free Report) last issued its quarterly earnings data on Thursday, December 19th. The business services provider reported $1.09 earnings per share for the quarter, beating analysts' consensus estimates of $1.01 by $0.08. The firm had revenue of $2.56 billion during the quarter, compared to analyst estimates of $2.56 billion. Cintas had a return on equity of 40.62% and a net margin of 17.23%. The business's quarterly revenue was up 7.8% compared to the same quarter last year. During the same quarter last year, the business posted $3.61 earnings per share. As a group, sell-side analysts anticipate that Cintas Co. will post 4.31 earnings per share for the current fiscal year.

Cintas Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 14th will be issued a dividend of $0.39 per share. The ex-dividend date is Friday, February 14th. This represents a $1.56 annualized dividend and a dividend yield of 0.75%. Cintas's dividend payout ratio (DPR) is 37.59%.

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.