Deutsche Bank AG grows position in Cintas Co.

Deutsche Bank AG increased its position in shares of Cintas Co. by 51.3%, according to its most recent filing with the Securities and Exchange Commission (SEC).

The bank owned 263,167 shares of the business services provider’s stock after buying an additional 89,232 shares. Deutsche Bank AG owned about 0.25% of Cintas worth $52,054,000 at the end of the most recent reporting period. A number of other institutional investors have also recently added to or reduced their stakes in CTAS. Bank of America raised shares of Cintas from a “neutral” rating to a “buy” rating and set a $166.50 price target for the company in a recent report.

Cintas last posted its earnings results on Thursday, December 20th. The business services provider reported $1.76 earnings per share (EPS) for the quarter, a net margin of 14.10% and a return on equity of 24.87%. Revenue was up 7.0% on a year-over-year basis and research analysts expect the company to post 7.35 earnings per share for the current year.

Cintas Corporation provides corporate identity uniforms and related business services in North America, Latin America, Europe, and Asia through Uniform Rental and Facility Services, as well as First Aid and Safety Services segments.