Cintas Corporation $CTAS Shares Purchased by Cim LLC

Cim LLC boosted its stake in Cintas Corporation (NASDAQ:CTAS) by 28.8% during the first quarter, Holdings Channel.com reports. The institutional investor owned 103,144 shares of the business services provider’s stock after acquiring an additional 23,079 shares during the period. Cintas makes up approximately 2.5% of Cim LLC’s portfolio, making the stock its 17th largest position. Cim LLC’s holdings in Cintas were worth $17,446,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. State Street Corp increased its position in Cintas by 1.4% during the fourth quarter. State Street Corp now owns 15,311,491 shares of the business services provider’s stock worth $2,879,632,000 after buying an additional 210,477 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Cintas by 1.1% in the fourth quarter. Geode Capital Management LLC now owns 9,293,485 shares of the business services provider’s stock valued at $1,746,453,000 after acquiring an additional 97,220 shares in the last quarter. Norges Bank purchased a new stake in shares of Cintas in the fourth quarter valued at $923,672,000. Morgan Stanley boosted its stake in shares of Cintas by 0.8% during the fourth quarter. Morgan Stanley now owns 4,393,116 shares of the business services provider’s stock valued at $826,214,000 after acquiring an additional 36,666 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its stake in shares of Cintas by 4.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,683,582 shares of the business services provider’s stock valued at $504,702,000 after acquiring an additional 112,622 shares during the last quarter. Hedge funds and other institutional investors own 63.46% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Bank of America raised shares of Cintas from a “neutral” rating to a “buy” rating and boosted their target price for the company from $200.00 to $230.00 in a research note on Thursday, July 16th. UBS Group reaffirmed a “buy” rating and set a $230.00 price target (up from $228.00) on shares of Cintas in a research note on Thursday, July 16th. Truist Financial lowered their price target on shares of Cintas from $255.00 to $225.00 and set a “buy” rating for the company in a report on Monday, June 15th. Robert W. Baird lifted their price target on shares of Cintas from $200.00 to $214.00 and gave the stock an “outperform” rating in a report on Thursday, July 16th. Finally, Wells Fargo & Company reissued an “overweight” rating and issued a $250.00 price objective (up from $245.00) on shares of Cintas in a research report on Thursday, July 16th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $212.31.

Cintas Price Performance

CTAS stock opened at $216.53 on Thursday. The stock has a market capitalization of $86.63 billion, a price-to-earnings ratio of 57.90, a price-to-earnings-growth ratio of 3.47 and a beta of 0.94. The company has a quick ratio of 1.27, a current ratio of 1.43 and a debt-to-equity ratio of 0.28. Cintas Corporation has a 52-week low of $161.16 and a 52-week high of $226.75. The stock’s fifty day simple moving average is $181.79 and its 200-day simple moving average is $183.88.

Cintas (NASDAQ:CTAS) last released its earnings results on Wednesday, July 15th. The business services provider reported $1.29 EPS for the quarter, beating the consensus estimate of $1.24 by $0.05. Cintas had a return on equity of 42.05% and a net margin of 17.75%.The firm had revenue of $2.91 billion during the quarter, compared to analyst estimates of $2.87 billion. During the same period in the prior year, the firm posted $1.09 earnings per share. The business’s quarterly revenue was up 8.9% compared to the same quarter last year. Cintas has set its FY 2027 guidance at 5.360-5.500 EPS. Equities research analysts expect that Cintas Corporation will post 5.49 EPS for the current year.

Cintas Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Friday, August 14th will be issued a $0.52 dividend. This is a positive change from Cintas’s previous quarterly dividend of $0.45. The ex-dividend date is Friday, August 14th. This represents a $2.08 annualized dividend and a yield of 1.0%. Cintas’s dividend payout ratio (DPR) is presently 48.13%.

Cintas Company Profile

Cintas Corporation (NASDAQ: CTAS) is a provider of business services and products focused on workplace appearance, safety and facility maintenance. The company is best known for its uniform rental and corporate apparel programs, which include rental, leasing and direct-purchase options, laundering and garment repair. Cintas markets its services to a wide range of end-users, including manufacturing, food service, healthcare, hospitality, retail and government customers.

Beyond uniforms, Cintas offers a suite of facility services and products designed to help organizations maintain clean, safe and compliant workplaces.