Cintas Corporation $CTAS Shares Purchased by Mizuho Markets Americas LLC

Mizuho Markets Americas LLC boosted its position in Cintas Corporation (NASDAQ:CTAS) by 9,200.6% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 117,745 shares of the business services provider’s stock after acquiring an additional 116,479 shares during the quarter. Mizuho Markets Americas LLC’s holdings in Cintas were worth $22,144,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in Cintas by 1.5% in the 3rd quarter. Vanguard Group Inc. now owns 38,948,620 shares of the business services provider’s stock worth $7,994,594,000 after buying an additional 564,487 shares in the last quarter. Nordea Investment Management AB raised its stake in shares of Cintas by 6.2% in the 4th quarter. Nordea Investment Management AB now owns 2,729,394 shares of the business services provider’s stock valued at $517,466,000 after purchasing an additional 158,785 shares in the last quarter. Ameriprise Financial Inc. raised its stake in shares of Cintas by 0.5% in the 3rd quarter. Ameriprise Financial Inc. now owns 2,559,852 shares of the business services provider’s stock valued at $524,460,000 after purchasing an additional 12,841 shares in the last quarter. Amundi raised its stake in shares of Cintas by 39.0% in the 3rd quarter. Amundi now owns 2,223,411 shares of the business services provider’s stock valued at $442,548,000 after purchasing an additional 623,770 shares in the last quarter. Finally, Pictet Asset Management Holding SA raised its stake in shares of Cintas by 10.0% in the 4th quarter. Pictet Asset Management Holding SA now owns 2,002,205 shares of the business services provider’s stock valued at $376,647,000 after purchasing an additional 181,952 shares in the last quarter. Institutional investors and hedge funds own 63.46% of the company’s stock.

Analyst Ratings Changes

CTAS has been the topic of a number of recent analyst reports. Citigroup cut their target price on shares of Cintas from $181.00 to $160.00 and set a “sell” rating on the stock in a research note on Tuesday, March 31st. Stifel Nicolaus cut their target price on shares of Cintas from $222.00 to $190.00 and set a “hold” rating on the stock in a research note on Thursday, March 26th. Robert W. Baird upgraded shares of Cintas from a “neutral” rating to an “outperform” rating and set a $250.00 target price on the stock in a research note on Wednesday, March 11th. UBS Group restated a “buy” rating on shares of Cintas in a research note on Thursday, March 12th. Finally, Bank of America initiated coverage on shares of Cintas in a research note on Tuesday, February 17th. They issued a “neutral” rating and a $215.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Cintas currently has an average rating of “Hold” and a consensus target price of $215.17.

Insiders Place Their Bets

In related news, Director Ronald W. Tysoe sold 4,666 shares of the 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 sale, the director owned 22,448 shares in the company, valued at $4,015,273.76. This represents a 17.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 14.90% of the stock is currently owned by company insiders.

Cintas Price Performance

CTAS opened at $172.93 on Friday. The firm has a market cap of $69.19 billion, a price-to-earnings ratio of 48.85, a price-to-earnings-growth ratio of 3.03 and a beta of 0.96. Cintas Corporation has a fifty-two week low of $161.16 and a fifty-two week high of $229.24. The company’s 50-day moving average price is $174.93 and its 200 day moving average price is $185.28. The company has a quick ratio of 1.74, a current ratio of 1.98 and a debt-to-equity ratio of 0.51.

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

Cintas Dividend Announcement

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

Cintas 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.