Mizuho Securities USA LLC Raises Stock Position in Cintas Co. (NASDAQ:CTAS)

Mizuho Securities USA LLC boosted its position in Cintas Co. (NASDAQ:CTAS) by 234.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,217 shares of the business services provider’s stock after purchasing an additional 15,577 shares during the quarter. Mizuho Securities USA LLC’s holdings in Cintas were worth $4,574,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. Pacer Advisors Inc. boosted its stake in Cintas by 327.1% during the third quarter. Pacer Advisors Inc. now owns 70,374 shares of the business services provider’s stock valued at $14,489,000 after buying an additional 53,897 shares during the period. Thompson Siegel & Walmsley LLC boosted its position in shares of Cintas by 230.6% during the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 5,712 shares of the business services provider’s stock valued at $1,176,000 after acquiring an additional 3,984 shares during the last quarter. Trustmark National Bank Trust Department grew its holdings in shares of Cintas by 302.3% during the third quarter. Trustmark National Bank Trust Department now owns 22,727 shares of the business services provider’s stock worth $4,679,000 after purchasing an additional 17,078 shares in the last quarter. Cypress Capital Group increased its position in shares of Cintas by 298.8% in the third quarter. Cypress Capital Group now owns 3,900 shares of the business services provider’s stock worth $803,000 after purchasing an additional 2,922 shares during the last quarter. Finally, Landscape Capital Management L.L.C. raised its stake in Cintas by 367.6% in the third quarter. Landscape Capital Management L.L.C. now owns 7,253 shares of the business services provider’s stock valued at $1,493,000 after purchasing an additional 5,702 shares in the last quarter. 63.46% of the stock is owned by institutional investors.

Analysts Set New Price Targets

CTAS has been the subject of a number of research reports. Robert W. Baird boosted their price target on shares of Cintas from $194.00 to $209.00 and gave the stock a “neutral” rating in a research note on Thursday, September 26th. Truist Financial increased their target price on Cintas from $212.50 to $225.00 and gave the company a “buy” rating in a research note on Tuesday, September 17th. UBS Group upped their price objective on Cintas from $219.00 to $240.00 and gave the stock a “buy” rating in a report on Thursday, September 26th. Morgan Stanley increased their target price on shares of Cintas from $170.00 to $185.00 and gave the company an “equal weight” rating in a report on Thursday, September 26th. Finally, Wells Fargo & Company upped their price target on shares of Cintas from $184.00 to $191.00 and gave the company an “underweight” rating in a report on Thursday, September 26th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $199.63.

Cintas Stock Up 1.3 %

Shares of NASDAQ:CTAS opened at $221.63 on Friday. Cintas Co. has a 12-month low of $136.87 and a 12-month high of $227.35. The company has a current ratio of 1.53, a quick ratio of 1.33 and a debt-to-equity ratio of 0.50. The stock has a fifty day simple moving average of $210.36 and a two-hundred day simple moving average of $196.74. The stock has a market capitalization of $89.38 billion, a price-to-earnings ratio of 55.97, a PEG ratio of 4.29 and a beta of 1.32.

Cintas (NASDAQ:CTAS) last posted its earnings results on Wednesday, September 25th. The business services provider reported $1.10 EPS for the quarter, topping analysts’ consensus estimates of $1.00 by $0.10. The business had revenue of $2.50 billion during the quarter, compared to analyst estimates of $2.49 billion. Cintas had a return on equity of 39.56% and a net margin of 16.80%. The company’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same quarter last year, the company earned $3.70 EPS. On average, research analysts anticipate that Cintas Co. will post 4.23 earnings per share for the current fiscal year.

Cintas Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 15th will be paid a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 0.70%. The ex-dividend date is Friday, November 15th. Cintas’s dividend payout ratio (DPR) is presently 39.39%.

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.