Mitsubishi UFJ Trust & Banking Corp Grows Stake in Cintas Co. (NASDAQ:CTAS)

Mitsubishi UFJ Trust & Banking Corp grew its holdings in Cintas Co. (NASDAQ:CTAS) by 14.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 254,332 shares of the business services provider’s stock after purchasing an additional 31,892 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned approximately 0.06% of Cintas worth $46,466,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of CTAS. Sound Income Strategies LLC bought a new position in Cintas in the fourth quarter worth about $27,000. Cyrus J. Lawrence LLC purchased a new position in shares of Cintas in the fourth quarter worth $29,000. Endeavor Private Wealth Inc. acquired a new stake in Cintas during the 4th quarter worth about $31,000. IAG Wealth Partners LLC lifted its holdings in shares of Cintas by 136.8% during the fourth 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 period. Finally, Newbridge Financial Services Group Inc. purchased a new stake in shares of Cintas in the 4th quarter valued at $34,000. Institutional investors own 63.46% of the company’s stock.

Cintas Stock Down 0.6 %

Shares of NASDAQ:CTAS opened at $193.46 on Wednesday. The firm has a market capitalization of $78.07 billion, a PE ratio of 46.64, a price-to-earnings-growth ratio of 3.98 and a beta of 1.41. Cintas Co. has a 1 year low of $158.10 and a 1 year high of $228.12. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.58 and a quick ratio of 1.38. The firm’s 50-day moving average is $200.57 and its two-hundred day moving average is $208.92.

Cintas Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 14th were paid a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 0.81%. The ex-dividend date was Friday, February 14th. Cintas’s payout ratio is currently 37.59%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. UBS Group lowered their target price on Cintas from $240.00 to $218.00 and set a “buy” rating on the stock in a research note on Friday, December 20th. The Goldman Sachs Group dropped their target price on shares of Cintas from $236.00 to $211.00 and set a “buy” rating on the stock in a research report on Friday, December 20th. Truist Financial dropped their price target on Cintas from $225.00 to $215.00 and set a “buy” rating for the company in a research report on Friday, December 20th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $215.00 price objective on shares of Cintas in a research note on Friday, December 20th. Finally, Robert W. Baird dropped their target price on Cintas from $209.00 to $200.00 and set a “neutral” rating for the company in a report on Friday, December 20th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $199.79.

About Cintas

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.