Tokio Marine Asset Management Co. Ltd. Has $1.98 Million Position in Cintas Co. (NASDAQ:CTAS)

Tokio Marine Asset Management Co. Ltd. raised its stake in shares of Cintas Co. (NASDAQ:CTAS) by 6.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,861 shares of the business services provider’s stock after purchasing an additional 689 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Cintas were worth $1,984,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Western Financial Corp CA grew its stake in Cintas by 1.9% in the 4th quarter. Western Financial Corp CA now owns 12,016 shares of the business services provider’s stock valued at $2,195,000 after buying an additional 219 shares during the last quarter. China Universal Asset Management Co. Ltd. increased its stake in shares of Cintas by 28.4% in the fourth quarter. China Universal Asset Management Co. Ltd. now owns 6,563 shares of the business services provider’s stock worth $1,199,000 after purchasing an additional 1,450 shares during the period. Mediolanum International Funds Ltd lifted its position in shares of Cintas by 477.6% during the 4th quarter. Mediolanum International Funds Ltd now owns 12,731 shares of the business services provider’s stock worth $2,333,000 after purchasing an additional 10,527 shares during the last quarter. Palmer Knight Co grew its holdings in Cintas by 0.4% in the 4th quarter. Palmer Knight Co now owns 45,957 shares of the business services provider’s stock valued at $8,396,000 after buying an additional 177 shares during the last quarter. Finally, Gries Financial LLC increased its position in Cintas by 7.2% in the 4th quarter. Gries Financial LLC now owns 4,588 shares of the business services provider’s stock worth $838,000 after buying an additional 307 shares during the period. Institutional investors own 63.46% of the company’s stock.

Wall Street Analysts Forecast Growth

CTAS has been the topic of several research analyst reports. The Goldman Sachs Group lowered their price objective on shares of Cintas from $236.00 to $211.00 and set a “buy” rating on the stock in a research note on Friday, December 20th. UBS Group cut their price objective on shares of Cintas from $240.00 to $218.00 and set a “buy” rating for the company in a research report on Friday, December 20th. Wells Fargo & Company decreased their target price on Cintas from $191.00 to $184.00 and set an “underweight” rating on the stock in a research report on Friday, December 20th. Morgan Stanley upped their price target on Cintas from $185.00 to $202.00 and gave the company an “equal weight” rating in a report on Thursday, December 12th. Finally, Robert W. Baird cut their target price on Cintas from $209.00 to $200.00 and set a “neutral” rating for the company in a research note on Friday, December 20th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $198.46.

Cintas Price Performance

Shares of Cintas stock opened at $200.57 on Monday. Cintas Co. has a 1-year low of $150.48 and a 1-year high of $228.12. The firm’s 50-day moving average price is $201.15 and its two-hundred day moving average price is $206.64. The company has a current ratio of 1.58, a quick ratio of 1.38 and a debt-to-equity ratio of 0.47. The stock has a market capitalization of $80.94 billion, a price-to-earnings ratio of 48.36, a P/E/G ratio of 3.83 and a beta of 1.37.

Cintas (NASDAQ:CTAS) last released its quarterly earnings results on Thursday, December 19th. The business services provider reported $1.09 earnings per share for the quarter, beating analysts’ consensus estimates of $1.01 by $0.08. The firm had revenue of $2.56 billion during the quarter, compared to analysts’ expectations of $2.56 billion. Cintas had a return on equity of 40.62% and a net margin of 17.23%. The business’s revenue was up 7.8% on a year-over-year basis. During the same period last year, the firm posted $3.61 EPS. On average, equities analysts predict that Cintas Co. will post 4.31 earnings per share for the current fiscal year.

Cintas Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 14th will be given a dividend of $0.39 per share. The ex-dividend date is Friday, February 14th. This represents a $1.56 annualized dividend and a yield of 0.78%. Cintas’s dividend payout ratio (DPR) is 37.61%.

About Cintas

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.