Cintas Co. (NASDAQ:CTAS) Stock Position Raised by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp increased its position in Cintas Co. (NASDAQ:CTAS - Free Report) by 14.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 254,332 shares of the business services provider's stock after acquiring an additional 31,892 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned approximately 0.06% of Cintas worth $46,466,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Guardian Wealth Advisors LLC grew its position in Cintas by 3.1% in the 4th quarter. Guardian Wealth Advisors LLC now owns 1,741 shares of the business services provider's stock worth $318,000 after purchasing an additional 52 shares during the last quarter. MGB Wealth Management LLC grew its holdings in Cintas by 0.7% in the 4th quarter. MGB Wealth Management LLC now owns 7,248 shares of the business services provider's stock worth $1,328,000 after buying an additional 52 shares in the last quarter. TIAA Trust National Association increased its position in Cintas by 1.0% in the 4th quarter. TIAA Trust National Association now owns 5,380 shares of the business services provider's stock valued at $983,000 after acquiring an additional 52 shares during the period. Aaron Wealth Advisors LLC raised its stake in 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 acquiring an additional 55 shares in the last quarter. Finally, S.A. Mason LLC boosted 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 worth $311,000 after acquiring an additional 55 shares during the period. 63.46% of the stock is currently owned by institutional investors.

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Cintas Trading Down 1.5 %

Shares of CTAS traded down $3.03 during midday trading on Friday, hitting $203.22. The stock had a trading volume of 1,684,835 shares, compared to its average volume of 1,631,493. The business has a 50-day simple moving average of $201.01 and a two-hundred day simple moving average of $208.92. The firm has a market cap of $82.01 billion, a P/E ratio of 49.00, a price-to-earnings-growth ratio of 3.98 and a beta of 1.41. The company has a current ratio of 1.58, a quick ratio of 1.38 and a debt-to-equity ratio of 0.47. Cintas Co. has a fifty-two week low of $162.16 and a fifty-two week high of $228.12.

Cintas (NASDAQ:CTAS - Get Free Report) last posted its quarterly earnings data on Wednesday, March 26th. The business services provider reported $1.13 EPS for the quarter, topping analysts' consensus estimates of $1.05 by $0.08. Cintas had a net margin of 17.23% and a return on equity of 40.62%. The firm had revenue of $2.61 billion during the quarter, compared to analyst estimates of $2.60 billion. During the same quarter last year, the business posted $3.84 EPS. The company's revenue was up 8.4% on a year-over-year basis. As a group, equities analysts forecast that Cintas Co. will post 4.31 EPS for the current year.

Cintas Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 14th were paid a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 0.77%. The ex-dividend date of this dividend was Friday, February 14th. Cintas's dividend payout ratio is currently 36.11%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on CTAS shares. Wells Fargo & Company raised their price target on Cintas from $184.00 to $196.00 and gave the company an "underweight" rating in a report on Thursday. Truist Financial boosted their price target on shares of Cintas from $215.00 to $230.00 and gave the stock a "buy" rating in a research report on Thursday. UBS Group upped their price target on shares of Cintas from $218.00 to $240.00 and gave the stock a "buy" rating in a research note on Thursday. Morgan Stanley boosted their target price on Cintas from $195.00 to $213.00 and gave the stock an "equal weight" rating in a report on Thursday. Finally, The Goldman Sachs Group increased their price target on Cintas from $211.00 to $233.00 and gave the company a "buy" rating in a research note on Thursday. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $210.58.

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.