Cintas Co. (NASDAQ:CTAS) Shares Purchased by Mizuho Securities USA LLC

Mizuho Securities USA LLC increased its stake in shares of Cintas Co. (NASDAQ:CTAS) by 46.2% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 32,490 shares of the business services provider’s stock after acquiring an additional 10,273 shares during the period. Mizuho Securities USA LLC’s holdings in Cintas were worth $5,936,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Sound Income Strategies LLC purchased a new stake in Cintas during the 4th quarter worth approximately $27,000. Cyrus J. Lawrence LLC purchased a new stake in Cintas during the 4th quarter worth approximately $29,000. Endeavor Private Wealth Inc. purchased a new stake in Cintas during the 4th quarter worth approximately $31,000. IAG Wealth Partners LLC increased its holdings in Cintas by 136.8% during the 4th quarter. IAG Wealth Partners LLC now owns 180 shares of the business services provider’s stock worth $33,000 after purchasing an additional 104 shares during the last quarter. Finally, Newbridge Financial Services Group Inc. purchased a new stake in Cintas during the 4th quarter worth approximately $34,000. 63.46% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

CTAS has been the topic of several analyst reports. UBS Group dropped their price objective on Cintas from $240.00 to $218.00 and set a “buy” rating on the stock in a report on Friday, December 20th. Robert W. Baird lowered their price target on Cintas from $209.00 to $200.00 and set a “neutral” rating for the company in a report on Friday, December 20th. 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. The Goldman Sachs Group lowered their price target on Cintas from $236.00 to $211.00 and set a “buy” rating for the company in a report on Friday, December 20th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $215.00 price target on shares of Cintas in a report on Friday, December 20th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $199.79.

Cintas Trading Down 1.7 %

Shares of CTAS stock opened at $191.17 on Friday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.38 and a current ratio of 1.58. The firm has a market capitalization of $77.15 billion, a PE ratio of 46.09, a price-to-earnings-growth ratio of 3.98 and a beta of 1.41. The stock has a fifty day moving average of $200.46 and a two-hundred day moving average of $208.91. Cintas Co. has a 1 year low of $158.10 and a 1 year high of $228.12.

Cintas (NASDAQ:CTAS) last announced its quarterly earnings data on Thursday, December 19th. The business services provider reported $1.09 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.08. The business 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 company’s revenue was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.61 earnings per share. As a group, research analysts expect that Cintas Co. will post 4.31 EPS for the current year.

Cintas Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 14th were issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 0.82%. The ex-dividend date was Friday, February 14th. Cintas’s dividend payout ratio is 37.59%.

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.