Mizuho Securities USA LLC Has $53.79 Million Holdings in Cintas Co. (NASDAQ:CTAS)

Mizuho Securities USA LLC raised its holdings in shares of Cintas Co. (NASDAQ:CTAS - Free Report) by 3,834.4% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 261,247 shares of the business services provider's stock after purchasing an additional 254,607 shares during the quarter. Mizuho Securities USA LLC owned 0.06% of Cintas worth $53,786,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. LGT Financial Advisors LLC increased its stake in shares of Cintas by 311.1% in the second quarter. LGT Financial Advisors LLC now owns 37 shares of the business services provider's stock worth $26,000 after buying an additional 28 shares during the last quarter. Financial Management Professionals Inc. grew its stake in Cintas by 341.4% in the third quarter. Financial Management Professionals Inc. now owns 128 shares of the business services provider's stock worth $26,000 after purchasing an additional 99 shares in the last quarter. Hollencrest Capital Management increased its holdings in Cintas by 433.3% in the third quarter. Hollencrest Capital Management now owns 128 shares of the business services provider's stock valued at $26,000 after buying an additional 104 shares during the last quarter. Atwood & Palmer Inc. acquired a new stake in Cintas during the second quarter valued at approximately $27,000. Finally, Addison Advisors LLC lifted its holdings in Cintas by 495.7% during the 3rd quarter. Addison Advisors LLC now owns 137 shares of the business services provider's stock worth $28,000 after buying an additional 114 shares during the last quarter. 63.46% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have commented on CTAS. Robert W. Baird lifted their price objective on shares of Cintas from $194.00 to $209.00 and gave the stock a "neutral" rating in a report on Thursday, September 26th. Stifel Nicolaus upped their price target on shares of Cintas from $166.75 to $199.50 and gave the stock a "hold" rating in a research report on Friday, July 19th. Royal Bank of Canada lifted their price target on Cintas from $181.00 to $215.00 and gave the company a "sector perform" rating in a report on Thursday, September 26th. Baird R W lowered Cintas from a "strong-buy" rating to a "hold" rating in a report on Friday, July 19th. Finally, Wells Fargo & Company raised their target price on Cintas from $184.00 to $191.00 and gave the company an "underweight" rating in a research report on Thursday, September 26th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, Cintas has a consensus rating of "Hold" and an average target price of $199.63.

Cintas Trading Down 0.7 %

CTAS traded down $1.46 during trading on Friday, reaching $215.20. The company had a trading volume of 1,792,986 shares, compared to its average volume of 1,450,435. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.33 and a current ratio of 1.53. Cintas Co. has a 12-month low of $136.50 and a 12-month high of $227.35. The company has a market cap of $86.79 billion, a price-to-earnings ratio of 54.34, a PEG ratio of 4.40 and a beta of 1.32. The firm's 50-day simple moving average is $221.49 and its 200 day simple moving average is $195.28.

Cintas (NASDAQ:CTAS - Get Free Report) last released its quarterly earnings results on Wednesday, September 25th. The business services provider reported $1.10 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.00 by $0.10. The business had revenue of $2.50 billion for the quarter, compared to analyst estimates of $2.49 billion. Cintas had a net margin of 16.80% and a return on equity of 39.56%. The firm's revenue was up 6.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.70 earnings per share. Equities research analysts anticipate that Cintas Co. will post 4.23 earnings per share for the current year.

Cintas announced that its board has approved a stock repurchase program on Tuesday, July 23rd that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the business services provider to repurchase up to 1.3% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's board believes its stock is undervalued.

Cintas Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 15th will be paid a dividend of $0.39 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.56 annualized dividend and a yield of 0.72%. Cintas's dividend payout ratio (DPR) is presently 39.39%.

Cintas Company 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.