Daiwa Securities Group Inc. Has $10.88 Million Holdings in Cintas Co. (CTAS)

Daiwa Securities Group Inc. grew its position in shares of Cintas Co. (NASDAQ:CTAS) by 2.5% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 69,793 shares of the business services provider’s stock after buying an additional 1,734 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Cintas were worth $10,876,000 as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. Decatur Capital Management Inc. purchased a new position in shares of Cintas in the 4th quarter valued at about $5,201,000. M&T Bank Corp increased its holdings in shares of Cintas by 4.1% in the 4th quarter. M&T Bank Corp now owns 16,440 shares of the business services provider’s stock valued at $2,562,000 after purchasing an additional 652 shares in the last quarter. Novare Capital Management LLC purchased a new position in shares of Cintas in the 4th quarter valued at about $206,000. Royal Bank of Scotland Group PLC increased its holdings in shares of Cintas by 3.3% in the 4th quarter. Royal Bank of Scotland Group PLC now owns 145,390 shares of the business services provider’s stock valued at $22,655,000 after purchasing an additional 4,673 shares in the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its holdings in shares of Cintas by 41.7% in the 4th quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 19,384 shares of the business services provider’s stock valued at $3,071,000 after purchasing an additional 5,702 shares in the last quarter. Institutional investors own 66.58% of the company’s stock.

In other Cintas news, insider James Phillip Holloman sold 12,386 shares of the firm’s stock in a transaction dated Friday, January 12th. The shares were sold at an average price of $160.92, for a total transaction of $1,993,155.12. Following the completion of the transaction, the insider now directly owns 141,328 shares in the company, valued at approximately $22,742,501.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 18.90% of the company’s stock.

CTAS has been the subject of a number of research analyst reports. William Blair reiterated a “buy” rating on shares of Cintas in a report on Monday, January 1st. JPMorgan Chase & Co. reiterated a “buy” rating and issued a $183.00 price target on shares of Cintas in a report on Friday, December 22nd. Zacks Investment Research upgraded shares of Cintas from a “hold” rating to a “buy” rating and set a $179.00 price target for the company in a report on Tuesday, December 19th. BidaskClub upgraded shares of Cintas from a “sell” rating to a “hold” rating in a report on Tuesday, December 5th. Finally, Royal Bank of Canada reiterated a “hold” rating and issued a $145.00 price target on shares of Cintas in a report on Monday, November 20th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Cintas has an average rating of “Hold” and an average price target of $155.91.

Cintas Co. (NASDAQ CTAS) opened at $152.73 on Friday. The company has a current ratio of 1.77, a quick ratio of 1.53 and a debt-to-equity ratio of 0.99. Cintas Co. has a twelve month low of $115.17 and a twelve month high of $169.96. The firm has a market cap of $15,900.91, a PE ratio of 29.39, a price-to-earnings-growth ratio of 2.28 and a beta of 0.91.

Cintas (NASDAQ:CTAS) last posted its earnings results on Thursday, December 21st. The business services provider reported $1.31 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.27 by $0.04. Cintas had a net margin of 9.23% and a return on equity of 23.23%. The firm had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.59 billion. During the same period last year, the firm posted $1.15 EPS. The firm’s revenue for the quarter was up 26.4% on a year-over-year basis. equities research analysts anticipate that Cintas Co. will post 5.45 earnings per share for the current fiscal year.

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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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