Western Wealth Management LLC Has $3.41 Million Position in Cintas Corporation $CTAS

Western Wealth Management LLC lessened its holdings in shares of Cintas Corporation (NASDAQ:CTAS) by 12.0% during the 1st quarter, Holdings Channel.com reports. The firm owned 20,139 shares of the business services provider’s stock after selling 2,745 shares during the period. Western Wealth Management LLC’s holdings in Cintas were worth $3,406,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in CTAS. Nemes Rush Group LLC acquired a new position in Cintas during the 4th quarter worth about $25,000. First United Bank & Trust acquired a new stake in Cintas in the 1st quarter valued at about $25,000. Whipplewood Advisors LLC increased its position in Cintas by 1,712.5% in the 1st quarter. Whipplewood Advisors LLC now owns 145 shares of the business services provider’s stock valued at $25,000 after acquiring an additional 137 shares in the last quarter. Swiss RE Ltd. bought a new position in shares of Cintas in the fourth quarter worth about $25,000. Finally, Camelot Portfolios LLC acquired a new position in shares of Cintas during the fourth quarter worth approximately $26,000. 63.46% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on CTAS. Wells Fargo & Company reissued an “overweight” rating and set a $250.00 price target (up from $245.00) on shares of Cintas in a research note on Thursday, July 16th. Royal Bank Of Canada restated a “sector perform” rating and issued a $206.00 price objective on shares of Cintas in a research report on Thursday, July 16th. Argus raised Cintas to a “strong-buy” rating in a report on Friday, July 17th. The Goldman Sachs Group reiterated a “buy” rating and issued a $231.00 price objective on shares of Cintas in a research report on Wednesday, July 15th. Finally, Robert W. Baird lifted their target price on Cintas from $200.00 to $214.00 and gave the company an “outperform” rating in a research note on Thursday, July 16th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $212.31.

Cintas Stock Performance

Cintas stock opened at $204.63 on Friday. The company has a current ratio of 1.43, a quick ratio of 1.27 and a debt-to-equity ratio of 0.28. Cintas Corporation has a 1 year low of $161.16 and a 1 year high of $226.75. The company has a market cap of $81.89 billion, a PE ratio of 54.71, a PEG ratio of 3.34 and a beta of 0.94. The company’s 50-day moving average is $183.11 and its two-hundred day moving average is $184.12.

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

Cintas Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Friday, August 14th will be paid a $0.52 dividend. The ex-dividend date of this dividend is Friday, August 14th. This is a boost from Cintas’s previous quarterly dividend of $0.45. This represents a $2.08 dividend on an annualized basis and a yield of 1.0%. Cintas’s payout ratio is 48.13%.

About Cintas

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.