Mizuho Securities USA LLC Has $5.94 Million Stock Position in Cintas Co. (NASDAQ:CTAS)

Mizuho Securities USA LLC boosted its holdings in shares of Cintas Co. (NASDAQ:CTAS) by 46.2% during the 4th quarter, Holdings Channel reports. The institutional investor owned 32,490 shares of the business services provider’s stock after buying an additional 10,273 shares during the period. Mizuho Securities USA LLC’s holdings in Cintas were worth $5,936,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Cyrus J. Lawrence LLC purchased a new stake in shares of Cintas during the 4th quarter worth about $29,000. Summit Global Investments raised its stake in shares of Cintas by 86.8% during the 4th quarter. Summit Global Investments now owns 2,027 shares of the business services provider’s stock worth $370,000 after purchasing an additional 942 shares in the last quarter. Wayfinding Financial LLC purchased a new stake in shares of Cintas during the 4th quarter worth about $439,000. Lee Danner & Bass Inc. purchased a new stake in shares of Cintas during the 4th quarter worth about $42,000. Finally, Whittier Trust Co. raised its stake in shares of Cintas by 15.2% during the 4th quarter. Whittier Trust Co. now owns 3,840 shares of the business services provider’s stock worth $702,000 after purchasing an additional 508 shares in the last quarter. 63.46% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

CTAS has been the subject of a number of recent research reports. Citigroup initiated coverage on Cintas in a research note on Monday, February 24th. They set a “sell” rating and a $161.00 price target for the company. UBS Group cut their price target on Cintas from $240.00 to $218.00 and set a “buy” rating for the company in a research note on Friday, December 20th. Royal Bank of Canada reissued 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 cut their price objective on Cintas from $191.00 to $184.00 and set an “underweight” rating on the stock in a research note on Friday, December 20th. Finally, Morgan Stanley raised their price objective on Cintas from $185.00 to $202.00 and gave the company an “equal weight” rating in a research note 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 company. Based on data from MarketBeat, Cintas has a consensus rating of “Hold” and a consensus price target of $199.79.

Cintas Stock Performance

CTAS opened at $191.17 on Friday. Cintas Co. has a 12-month low of $158.10 and a 12-month high of $228.12. The firm has a market capitalization of $77.15 billion, a P/E ratio of 46.09, a price-to-earnings-growth ratio of 3.98 and a beta of 1.41. The stock’s 50 day moving average price is $200.46 and its two-hundred day moving average price is $208.91. The company has a quick ratio of 1.38, a current ratio of 1.58 and a debt-to-equity ratio of 0.47.

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, topping the consensus estimate of $1.01 by $0.08. Cintas had a return on equity of 40.62% and a net margin of 17.23%. The company had revenue of $2.56 billion for the quarter, compared to analyst estimates of $2.56 billion. During the same quarter last year, the firm earned $3.61 EPS. Cintas’s revenue for the quarter was up 7.8% compared to the same quarter last year. On average, equities analysts forecast that Cintas Co. will post 4.31 earnings per share for the current year.

Cintas Announces Dividend

The company also recently disclosed 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 of this dividend was Friday, February 14th. Cintas’s payout ratio is presently 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.