Segall Bryant & Hamill LLC Acquires New Shares in Cintas Corporation $CTAS

Segall Bryant & Hamill LLC acquired a new position in shares of Cintas Corporation (NASDAQ:CTAS) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 18,634 shares of the business services provider’s stock, valued at approximately $3,152,000.

Other institutional investors also recently bought and sold shares of the company. Nemes Rush Group LLC purchased a new position in shares of Cintas in the fourth quarter valued at $25,000. First United Bank & Trust acquired a new position in shares of Cintas during the 1st quarter worth $25,000. Whipplewood Advisors LLC boosted its position in shares of Cintas by 1,712.5% in the 1st quarter. Whipplewood Advisors LLC now owns 145 shares of the business services provider’s stock worth $25,000 after buying an additional 137 shares in the last quarter. Swiss RE Ltd. purchased a new stake in shares of Cintas in the 4th quarter worth about $25,000. Finally, Camelot Portfolios LLC purchased a new stake in shares of Cintas in the 4th quarter worth about $26,000. 63.46% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. Weiss Ratings upgraded shares of Cintas from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, July 10th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $231.00 price target on shares of Cintas in a report on Wednesday, July 15th. Wells Fargo & Company reiterated an “overweight” rating and issued a $250.00 price target (up from $245.00) on shares of Cintas in a research report 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 on the stock in a research report on Monday, June 15th. Finally, Robert W. Baird lifted their price objective on Cintas from $200.00 to $214.00 and gave the stock an “outperform” rating in a research report on Thursday, July 16th. One investment 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 assigned a Sell rating to the stock. According to data from MarketBeat, Cintas currently has an average rating of “Moderate Buy” and a consensus price target of $212.31.

Cintas Trading Down 0.3%

Cintas stock opened at $204.01 on Tuesday. The stock has a 50-day moving average price of $183.73 and a 200 day moving average price of $184.14. Cintas Corporation has a 52 week low of $161.16 and a 52 week high of $226.75. The stock has a market cap of $81.64 billion, a PE ratio of 54.55, a P/E/G ratio of 3.30 and a beta of 0.91. 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 (NASDAQ:CTAS) last released its earnings results on Wednesday, July 15th. The business services provider reported $1.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 period in the prior year, the firm earned $1.09 EPS. The firm’s quarterly revenue was up 8.9% on a year-over-year basis. Cintas has set its FY 2027 guidance at 5.360-5.500 EPS. Equities research analysts predict that Cintas Corporation will post 5.49 earnings per share for the current fiscal year.

Cintas Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Friday, August 14th will be paid a dividend of $0.52 per share. The ex-dividend date of this dividend is Friday, August 14th. This is a positive change from Cintas’s previous quarterly dividend of $0.45. This represents a $2.08 annualized dividend and a dividend yield of 1.0%. Cintas’s payout ratio is currently 48.13%.

Cintas 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.