Mitsubishi UFJ Trust & Banking Corp Grows Stake in Cintas Corporation $CTAS

Mitsubishi UFJ Trust & Banking Corp lifted its stake in Cintas Corporation (NASDAQ:CTAS) by 58.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 404,344 shares of the business services provider’s stock after buying an additional 148,608 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Cintas were worth $90,116,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. WPG Advisers LLC purchased a new position in Cintas in the 1st quarter worth approximately $27,000. Saudi Central Bank purchased a new position in shares of Cintas in the first quarter valued at $29,000. Barnes Dennig Private Wealth Management LLC grew its holdings in Cintas by 800.0% during the 2nd quarter. Barnes Dennig Private Wealth Management LLC now owns 144 shares of the business services provider’s stock valued at $32,000 after purchasing an additional 128 shares in the last quarter. Golden State Wealth Management LLC increased its stake in Cintas by 3,925.0% during the 2nd quarter. Golden State Wealth Management LLC now owns 161 shares of the business services provider’s stock worth $36,000 after buying an additional 157 shares during the period. Finally, Addison Advisors LLC lifted its holdings in Cintas by 57.0% in the 2nd quarter. Addison Advisors LLC now owns 168 shares of the business services provider’s stock worth $37,000 after buying an additional 61 shares in the last quarter. 63.46% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently weighed in on CTAS shares. Rothschild & Co Redburn upgraded Cintas from a “sell” rating to a “neutral” rating and set a $184.00 target price for the company in a research note on Tuesday. Wells Fargo & Company lowered their price objective on Cintas from $221.00 to $218.00 and set an “equal weight” rating for the company in a research note on Thursday, September 25th. Robert W. Baird lifted their price objective on Cintas from $227.00 to $230.00 and gave the stock a “neutral” rating in a report on Friday, July 18th. Royal Bank Of Canada reduced their target price on Cintas from $240.00 to $206.00 and set a “sector perform” rating for the company in a research note on Thursday, September 25th. Finally, Redburn Partners set a $184.00 price target on shares of Cintas in a research report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, six have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $216.23.

Cintas Stock Performance

CTAS stock opened at $185.76 on Wednesday. The company has a current ratio of 2.24, a quick ratio of 1.94 and a debt-to-equity ratio of 0.51. The firm has a market cap of $74.65 billion, a P/E ratio of 42.12, a P/E/G ratio of 3.18 and a beta of 0.99. Cintas Corporation has a 12-month low of $180.39 and a 12-month high of $229.24. The stock’s 50 day simple moving average is $195.15 and its 200 day simple moving average is $210.77.

Cintas (NASDAQ:CTAS) last released its quarterly earnings data on Wednesday, September 24th. The business services provider reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $1.19 by $0.01. Cintas had a net margin of 17.54% and a return on equity of 40.41%. The firm had revenue of $2.72 billion during the quarter, compared to the consensus estimate of $2.70 billion. During the same quarter in the previous year, the company posted $1.10 earnings per share. The firm’s revenue was up 8.7% on a year-over-year basis. Cintas has set its FY 2026 guidance at 4.740-4.86 EPS. As a group, equities research analysts predict that Cintas Corporation will post 4.31 EPS for the current year.

Cintas Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Friday, November 14th will be issued a $0.45 dividend. The ex-dividend date of this dividend is Friday, November 14th. This represents a $1.80 annualized dividend and a dividend yield of 1.0%. Cintas’s payout ratio is 40.82%.

Cintas announced that its board has authorized a stock repurchase program on Tuesday, October 28th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the business services provider to buy up to 1.3% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its shares are undervalued.

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.