Nomura Asset Management Co. Ltd. grew its stake in shares of Cintas Co. (NASDAQ:CTAS) by 19.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 16,291 shares of the business services provider’s stock after purchasing an additional 2,692 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Cintas were worth $2,539,000 as of its most recent SEC filing.
Several other large investors also recently bought and sold shares of CTAS. Raymond James Financial Services Advisors Inc. grew its holdings in Cintas by 9.4% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 8,298 shares of the business services provider’s stock worth $1,197,000 after buying an additional 713 shares in the last quarter. State of Wisconsin Investment Board grew its holdings in Cintas by 3.6% in the 3rd quarter. State of Wisconsin Investment Board now owns 82,245 shares of the business services provider’s stock worth $11,866,000 after buying an additional 2,888 shares in the last quarter. Principal Financial Group Inc. grew its holdings in Cintas by 2.9% in the 3rd quarter. Principal Financial Group Inc. now owns 135,358 shares of the business services provider’s stock worth $19,529,000 after buying an additional 3,855 shares in the last quarter. New York State Common Retirement Fund grew its holdings in Cintas by 6.0% in the 3rd quarter. New York State Common Retirement Fund now owns 352,700 shares of the business services provider’s stock worth $50,888,000 after buying an additional 20,100 shares in the last quarter. Finally, Toronto Dominion Bank grew its holdings in Cintas by 11.2% in the 3rd quarter. Toronto Dominion Bank now owns 32,571 shares of the business services provider’s stock worth $4,698,000 after buying an additional 3,278 shares in the last quarter. 66.56% of the stock is owned by institutional investors.
A number of equities analysts recently issued reports on the company. KeyCorp reissued an “overweight” rating and issued a $174.00 price objective (up from $148.00) on shares of Cintas in a report on Tuesday, December 19th. Zacks Investment Research downgraded Cintas from a “buy” rating to a “hold” rating in a research report on Wednesday, February 21st. Morgan Stanley upped their target price on Cintas from $130.00 to $151.00 and gave the stock an “underweight” rating in a research report on Wednesday, January 31st. Oppenheimer restated a “hold” rating on shares of Cintas in a research report on Friday, December 22nd. Finally, William Blair restated a “buy” rating on shares of Cintas in a research report on Tuesday, December 26th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. Cintas has a consensus rating of “Hold” and an average price target of $157.09.
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 completion of the sale, the insider now owns 141,328 shares in the company, valued at approximately $22,742,501.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 18.90% of the stock is currently owned by corporate insiders.
Shares of Cintas stock opened at $173.29 on Thursday. Cintas Co. has a 52-week low of $119.54 and a 52-week high of $178.34. The company has a market capitalization of $18,371.45, a price-to-earnings ratio of 34.52, a PEG ratio of 2.64 and a beta of 0.88. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.53 and a current ratio of 1.77.
Cintas (NASDAQ:CTAS) last announced its quarterly earnings data on Thursday, December 21st. The business services provider reported $1.31 EPS for the quarter, beating 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 company had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.59 billion. During the same quarter in the prior year, the firm earned $1.15 EPS. The company’s quarterly revenue was up 26.4% compared to the same quarter last year. sell-side analysts forecast that Cintas Co. will post 5.45 earnings per share for the current fiscal year.
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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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