Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its stake in shares of Cintas Co. (NASDAQ:CTAS) by 41.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 19,384 shares of the business services provider’s stock after purchasing an additional 5,702 shares during the quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Cintas were worth $3,071,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Thrivent Financial For Lutherans grew its position in Cintas by 3.5% in the 2nd quarter. Thrivent Financial For Lutherans now owns 3,270 shares of the business services provider’s stock valued at $412,000 after acquiring an additional 110 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Cintas by 2.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 429,494 shares of the business services provider’s stock valued at $54,129,000 after acquiring an additional 12,095 shares during the last quarter. QS Investors LLC grew its position in Cintas by 1.0% in the 2nd quarter. QS Investors LLC now owns 995 shares of the business services provider’s stock valued at $125,000 after acquiring an additional 10 shares during the last quarter. Balyasny Asset Management LLC grew its position in Cintas by 24.9% in the 2nd quarter. Balyasny Asset Management LLC now owns 8,995 shares of the business services provider’s stock valued at $1,134,000 after acquiring an additional 1,795 shares during the last quarter. Finally, HighTower Advisors LLC grew its position in Cintas by 11.9% in the 2nd quarter. HighTower Advisors LLC now owns 5,157 shares of the business services provider’s stock valued at $649,000 after acquiring an additional 548 shares during the last quarter. 66.58% of the stock is currently owned by hedge funds and other institutional investors.

In other news, insider James Phillip Holloman sold 12,386 shares of the stock in a transaction on Friday, January 12th. The stock was sold at an average price of $160.92, for a total transaction of $1,993,155.12. Following the transaction, the insider now owns 141,328 shares of the company’s stock, valued at approximately $22,742,501.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 18.90% of the stock is currently owned by corporate insiders.

Cintas Co. (CTAS) opened at $152.73 on Friday. Cintas Co. has a 12-month low of $115.17 and a 12-month high of $169.96. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.53 and a current ratio of 1.77. The stock has a market capitalization of $16,264.06, a price-to-earnings ratio of 30.06, a PEG ratio of 2.34 and a beta of 0.91.

Cintas (NASDAQ:CTAS) last posted its quarterly earnings results on Thursday, December 21st. The business services provider reported $1.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.27 by $0.04. Cintas had a return on equity of 23.23% and a net margin of 9.23%. The business had revenue of $1.61 billion for the quarter, compared to the consensus estimate of $1.59 billion. During the same quarter in the prior year, the company earned $1.15 EPS. The business’s revenue was up 26.4% compared to the same quarter last year. research analysts forecast that Cintas Co. will post 5.45 earnings per share for the current fiscal year.

CTAS has been the topic of several research analyst reports. Zacks Investment Research downgraded Cintas from a “buy” rating to a “hold” rating in a research report on Thursday, November 9th. Royal Bank of Canada reaffirmed a “hold” rating and issued a $145.00 price objective on shares of Cintas in a research report on Monday, November 20th. BidaskClub raised Cintas from a “sell” rating to a “hold” rating in a research report on Tuesday, December 5th. KeyCorp reaffirmed an “overweight” rating and issued a $174.00 price objective (up previously from $148.00) on shares of Cintas in a research report on Tuesday, December 19th. Finally, JPMorgan Chase & Co. reaffirmed a “buy” rating and issued a $183.00 price objective on shares of Cintas in a research report on Friday, December 22nd. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $155.91.

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Cintas Profile

Cintas Corporation is a provider of corporate identity uniforms through rental and sales programs, as well as a provider of related business services, including entrance mats, restroom cleaning services and supplies, carpet and tile cleaning services, first aid and safety services and fire protection products and services.

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Institutional Ownership by Quarter for Cintas (NASDAQ:CTAS)

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