Meiji Yasuda Asset Management Co Ltd. raised its holdings in stocks of Cintas Co. (NASDAQ: CTAS) by 91.8% at some point in the primary area, in keeping with the enterprise in its maximum current disclosure with the Securities & Exchange Commission. The firm owned 6,401 shares of the business offerings issuer’s stock after obtaining three 064 stocks throughout the area. Meiji Yasuda Asset Management Co Ltd.’s holdings in Cintas had been worth $1,294,000 since its latest SEC filing.
Other big traders have also bought and offered agency stocks. Vanguard Group Inc. raised its role in shares of Cintas via 0.Five inside the 1/3 zone. Vanguard Group Inc. now owns 9,605,402 stocks of the business offerings company’s stock worth $1,900,044,000 after shopping for a further forty-eight,586 stocks during the last region. Janney Montgomery Scott LLC raised its function in shares of Cintas by using 20.9% within the fourth region. Janney 1st viscount, Montgomery of Alamein Scott LLC, now owns 7,670 shares of the enterprise offerings issuer’s inventory worth $1,289,000 after shopping for an extra 1,326 shares during the last area. BB&T Securities LLC raised its role in Cintas’s stocks by 10.9% within the fourth quarter.
BB&T Securities LLC now owns 6,901 shares of the business offerings issuer’s inventory worth $1,159,000 after shopping for an extra 679 stocks over the last region. Chicago Equity Partners LLC improved its position in Cintas by 10.7% throughout the fourth quarter. Chicago Equity Partners LLC now owns 1,660 of the provider’s commercial enterprise offerings stock, worth $279,000, after buying an additional one hundred sixty stocks over the past region. Finally, Cerity Partners LLC extended its role in Cintas by 10.6% at some point in the fourth quarter. Cerity Partners LLC now owns 21,604 shares of the company’s commercial enterprise offerings stock, worth $3,629,000, after buying an extra 2,069 shares over the last region. Sixty percent 05% of the stock is owned via institutional traders and hedge funds.
In other news, VP Thomas E. Frooman offered 2,415 stocks of the agency’s inventory in a transaction on Wednesday, April 3. The shares were sold at a median rate of $207.Eighty-one, for a total price of $501,861.15. Following the transaction, the vice chairman now immediately owns 122,251 shares within the agency, worth $25,404,980.31.
The sale becomes disclosed in a criminal filing with the Securities & Exchange Commission, available through the SEC internet site. Also, Director Joseph Scaminace offered 6,255 inventory stocks in a transaction on Friday, May 3. The stocks have been bought at an average charge of $222.20 for a complete transaction of $1,389,861.00. Following the transaction, the director owns 7,973 shares inside the organization, worth $1,771,600.60. The disclosure for this sale may be discovered here. 19.10% of the stock is owned by using insiders.
CTAS opened at $235.68 on Friday. The organization has a present-day ratio of 2.24, a short ratio of 89, and a debt-to-equity ratio of 0.80. Cintas Co. Has a fifty two-week low of $a hundred and fifty five.98 and a 52-week excessive of $237.55. The inventory’s 50-day easy transferring common is $227.Seventy-three. The stock has a marketplace capitalization of $24.34 billion, a P/E ratio of 31.89, a P/E/G ratio of 2.30, and a beta of 1.00.
Several equities analysts these days commented on the stock. BidaskClub reduced shares of Cintas from a “buy” rating to a “hold” score in a studies record on Wednesday, June 199. JPMorgan Chase & Co. upped their price goal on Cintas stocks from $210.00 to $235.00 and gave the inventory an “obese” score in a research record on Friday, March 222. Zacks Investment Research reduced stocks of Cintas from a “purchase” rating to a “preserve” rating in a studies file on Wednesday, May 155.
William Blair reaffirmed a “buy” rating on shares of Cintas in a studies file on Thursday, June 20h. Finally, Morgan Stanley boosted their price goal on shares of Cintas from $163.00 to $172.00 and gave the stock an “underweight” rating in a research notice on Friday, March 22d. One study analyst has rated the inventory with a promote rating, five have issued a preserve rating, and eight have assigned a buy rating to the organization. The business enterprise has a consensus rating of “Buy” and an average goal rate of $two hundred.05.
Cintas Profile
Cintas Corporation often affords company identity uniforms and related enterprise services in North America, Latin America, Europe, and Asia. It operates through Uniform Rental and Facility Services and First Aid and Safety Services segments. The corporation rents and offers uniforms and other clothes, including flame-resistant garb, mats, mops, towels, and other ancillary gadgets; and offers restroom cleansing services and substances; and carpet and tile cleaning offerings, in addition to selling uniforms directly.
