Mitsubishi UFJ Asset Management Co. Ltd. Buys 50,741 Shares of Cintas Corporation $CTAS

Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in shares of Cintas Corporation (NASDAQ:CTAS) by 7.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 769,320 shares of the business services provider’s stock after purchasing an additional 50,741 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Cintas were worth $171,458,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of CTAS. WPG Advisers LLC bought a new position in Cintas in the 1st quarter worth approximately $27,000. Saudi Central Bank bought a new position in Cintas in the 1st quarter valued at $29,000. Barnes Dennig Private Wealth Management LLC increased its stake in shares of Cintas by 800.0% in 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 buying an additional 128 shares during the period. Golden State Wealth Management LLC increased its stake in shares of Cintas by 3,925.0% in the 2nd quarter. Golden State Wealth Management LLC now owns 161 shares of the business services provider’s stock valued at $36,000 after buying an additional 157 shares during the period. Finally, Stone House Investment Management LLC bought a new stake in shares of Cintas during the first quarter worth $41,000. 63.46% of the stock is owned by institutional investors.

Cintas Price Performance

Shares of CTAS opened at $185.07 on Friday. The stock has a market cap of $74.37 billion, a P/E ratio of 41.97, a price-to-earnings-growth ratio of 3.18 and a beta of 0.99. Cintas Corporation has a 1 year low of $180.39 and a 1 year high of $229.24. The stock’s 50-day moving average price is $196.04 and its two-hundred day moving average price is $211.08. The company has a current ratio of 2.24, a quick ratio of 1.94 and a debt-to-equity ratio of 0.51.

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

Cintas Announces Dividend

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

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

Analyst Ratings Changes

CTAS has been the topic of several recent research reports. UBS Group raised their price target on Cintas from $240.00 to $255.00 and gave the company a “buy” rating in a report on Friday, July 18th. Royal Bank Of Canada cut their target price on shares of Cintas from $240.00 to $206.00 and set a “sector perform” rating on the stock in a research report on Thursday, September 25th. Morgan Stanley raised their target price on shares of Cintas from $213.00 to $220.00 and gave the company an “equal weight” rating in a research note on Friday, July 18th. Weiss Ratings reiterated a “buy (b)” rating on shares of Cintas in a research report on Wednesday, October 8th. Finally, Wells Fargo & Company dropped their price target on shares of Cintas from $221.00 to $218.00 and set an “equal weight” rating for the company in a research note on Thursday, September 25th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $222.09.

Cintas 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.