Cintas Corporation $CTAS Shares Bought by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. boosted its holdings in shares of Cintas Corporation (NASDAQ:CTAS) by 13.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 116,405 shares of the business services provider’s stock after purchasing an additional 14,062 shares during the period. Daiwa Securities Group Inc.’s holdings in Cintas were worth $21,892,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CTAS. Camelot Portfolios LLC acquired a new stake in Cintas during the fourth quarter worth about $26,000. Key Capital Management INC acquired a new stake in Cintas during the fourth quarter worth about $28,000. Triumph Capital Management acquired a new stake in Cintas during the third quarter worth about $29,000. Ares Financial Consulting LLC acquired a new stake in Cintas during the fourth quarter worth about $32,000. Finally, Aventura Private Wealth LLC acquired a new stake in Cintas during the fourth quarter worth about $34,000. 63.46% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Cintas

In related news, Director Ronald W. Tysoe sold 4,666 shares of the company’s stock in a transaction dated Monday, April 20th. The shares were sold at an average price of $178.87, for a total transaction of $834,607.42. Following the completion of the transaction, the director owned 22,448 shares in the company, valued at $4,015,273.76. This represents a 17.21% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 14.90% of the stock is currently owned by company insiders.

Cintas Trading Down 0.1%

Shares of Cintas stock opened at $179.85 on Friday. The firm has a 50-day simple moving average of $172.59 and a two-hundred day simple moving average of $184.49. The company has a market cap of $71.96 billion, a P/E ratio of 50.81, a price-to-earnings-growth ratio of 2.86 and a beta of 0.94. Cintas Corporation has a fifty-two week low of $161.16 and a fifty-two week high of $229.24. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.74 and a current ratio of 1.98.

Cintas (NASDAQ:CTAS) last issued its quarterly earnings data on Wednesday, March 25th. The business services provider reported $1.24 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.24. The business had revenue of $2.84 billion during the quarter, compared to the consensus estimate of $2.82 billion. Cintas had a net margin of 17.57% and a return on equity of 41.47%. The company’s revenue was up 8.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.13 earnings per share. As a group, equities analysts predict that Cintas Corporation will post 4.89 earnings per share for the current fiscal year.

Cintas Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, May 15th will be given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Friday, May 15th. Cintas’s dividend payout ratio is 50.85%.

Analyst Upgrades and Downgrades

Several analysts recently commented on CTAS shares. Bank of America started coverage on Cintas in a report on Tuesday, February 17th. They set a “neutral” rating and a $215.00 target price on the stock. Weiss Ratings lowered Cintas from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, April 1st. Robert W. Baird upgraded shares of Cintas from a “neutral” rating to an “outperform” rating and set a $250.00 price objective for the company in a research report on Wednesday, March 11th. Stifel Nicolaus decreased their price objective 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. Finally, UBS Group reiterated a “buy” rating on shares of Cintas in a research report on Thursday, March 12th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $215.17.

About Cintas

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.