Mitsubishi UFJ Asset Management Co. Ltd. Acquires 35,915 Shares of Cintas Corporation $CTAS

Key Points

• Mitsubishi UFJ Asset Management increased its stake in Cintas by 4.5% in Q4, buying 35,915 shares to hold 834,142 shares (about 0.21% of the company), valued at roughly $154.2 million.
• Cintas reported quarterly results with EPS of $1.24 (meeting estimates) and revenue of $2.84 billion (above estimates), a year‑over‑year revenue gain of 8.9% and strong profitability metrics (net margin 17.6%, ROE 41.5%); analysts' consensus rating is a "Hold" with an average target of $215.17.
• The company declared a quarterly dividend of $0.45 (annualized $1.80) with an ex‑dividend date of May 15 and a yield of about 1.1%, reflecting a payout ratio near 50.9%.

Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of Cintas Corporation (NASDAQ:CTAS - Free Report) by 4.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 834,142 shares of the business services provider's stock after buying an additional 35,915 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.21% of Cintas worth $154,216,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. AssuredPartners Investment Advisors LLC grew its position in Cintas by 102.2% during the fourth quarter. AssuredPartners Investment Advisors LLC now owns 4,323 shares of the business services provider's stock valued at $813,000 after buying an additional 2,185 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd grew its position in Cintas by 0.4% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 94,225 shares of the business services provider's stock valued at $17,721,000 after buying an additional 374 shares during the period. SBI Securities Co. Ltd. grew its position in Cintas by 3.2% during the fourth quarter. SBI Securities Co. Ltd. now owns 15,359 shares of the business services provider's stock valued at $2,889,000 after buying an additional 470 shares during the period. QRG Capital Management Inc. grew its position in Cintas by 16.8% during the fourth quarter. QRG Capital Management Inc. now owns 33,506 shares of the business services provider's stock valued at $6,302,000 after buying an additional 4,817 shares during the period. Finally, Varma Mutual Pension Insurance Co grew its position in Cintas by 3.1% during the fourth quarter. Varma Mutual Pension Insurance Co now owns 69,656 shares of the business services provider's stock valued at $13,100,000 after buying an additional 2,100 shares during the period. 63.46% of the stock is currently owned by institutional investors.

Insider Activity at Cintas

In other news, Director Ronald W. Tysoe sold 4,666 shares of the business's stock in a transaction on Monday, April 20th. The shares were sold at an average price of $178.87, for a total value of $834,607.42. Following the transaction, the director owned 22,448 shares of the company's stock, valued at approximately $4,015,273.76. The trade was a 17.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 14.90% of the company's stock.

Cintas Price Performance

Shares of NASDAQ:CTAS opened at $169.36 on Thursday. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.98 and a quick ratio of 1.74. Cintas Corporation has a 1-year low of $165.46 and a 1-year high of $229.24. The company has a market capitalization of $67.76 billion, a P/E ratio of 47.84, a P/E/G ratio of 2.98 and a beta of 0.96. The firm's 50 day simple moving average is $182.40 and its two-hundred day simple moving average is $186.97.

Cintas (NASDAQ:CTAS - Get Free Report) last issued its quarterly earnings results on Wednesday, March 25th. The business services provider reported $1.24 earnings per share for the quarter, meeting the consensus estimate of $1.24. Cintas had a net margin of 17.57% and a return on equity of 41.47%. The business had revenue of $2.84 billion for the quarter, compared to the consensus estimate of $2.82 billion. During the same quarter in the previous year, the firm earned $1.13 earnings per share. The company's revenue for the quarter was up 8.9% on a year-over-year basis. Research analysts expect that Cintas Corporation will post 4.89 EPS for the current fiscal year.

Cintas Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, May 15th will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Friday, May 15th. Cintas's payout ratio is 50.85%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on CTAS. Stifel Nicolaus cut their target price on shares of Cintas from $222.00 to $190.00 and set a "hold" rating for the company in a research report on Thursday, March 26th. Wells Fargo & Company raised shares of Cintas from a "cautious" rating to an "overweight" rating and lifted their price target for the company from $205.00 to $245.00 in a report on Wednesday, January 14th. Citigroup lowered their price target on shares of Cintas from $181.00 to $160.00 and set a "sell" rating on the stock in a report on Tuesday, March 31st. Bank of America started coverage on shares of Cintas in a report on Tuesday, February 17th. They set a "neutral" rating and a $215.00 price target on the stock. Finally, Robert W. Baird raised shares of Cintas from a "neutral" rating to an "outperform" rating and set a $250.00 price target on the stock in a report on Wednesday, March 11th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $215.17.

Cintas Company Profile

Cintas Corporation NASDAQ: CTAS is a provider of business services and products focused on workplace appearance, safety and facility maintenance. The company is best known for its uniform rental and corporate apparel programs, which include rental, leasing and direct-purchase options, laundering and garment repair. Cintas markets its services to a wide range of end-users, including manufacturing, food service, healthcare, hospitality, retail and government customers.

Beyond uniforms, Cintas offers a suite of facility services and products designed to help organizations maintain clean, safe and compliant workplaces.

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