Global Retirement Partners LLC Invests $1.89 Million in Cintas Corporation $CTAS

Global Retirement Partners LLC purchased a new stake in Cintas Corporation (NASDAQ:CTAS) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 11,092 shares of the business services provider’s stock, valued at approximately $1,887,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Nemes Rush Group LLC bought a new stake in Cintas in the fourth quarter valued at approximately $25,000. First United Bank & Trust bought a new position in Cintas during the 1st quarter worth approximately $25,000. Whipplewood Advisors LLC raised its holdings in Cintas by 1,712.5% during the 1st quarter. Whipplewood Advisors LLC now owns 145 shares of the business services provider’s stock worth $25,000 after purchasing an additional 137 shares during the last quarter. Swiss RE Ltd. acquired a new position in shares of Cintas in the 4th quarter worth approximately $25,000. Finally, Camelot Portfolios LLC acquired a new position in shares of Cintas in the 4th quarter worth approximately $26,000. Institutional investors and hedge funds own 63.46% of the company’s stock.

Analysts Set New Price Targets

CTAS has been the topic of a number of analyst reports. Weiss Ratings raised shares of Cintas from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, July 10th. UBS Group reissued a “buy” rating and set a $230.00 target price (up from $228.00) on shares of Cintas in a research note on Thursday, July 16th. Robert W. Baird upped their price target on shares of Cintas from $200.00 to $214.00 and gave the company an “outperform” rating in a research report on Thursday, July 16th. Royal Bank Of Canada reiterated a “sector perform” rating and set a $206.00 price target on shares of Cintas in a report on Thursday, July 16th. Finally, Truist Financial lowered their price objective on Cintas from $255.00 to $225.00 and set a “buy” rating for the company in a research report on Monday, June 15th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $212.31.

Cintas Price Performance

Cintas stock opened at $199.52 on Monday. The stock has a market capitalization of $79.84 billion, a price-to-earnings ratio of 53.35, a PEG ratio of 3.22 and a beta of 0.91. Cintas Corporation has a 52-week low of $161.16 and a 52-week high of $221.36. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.27 and a current ratio of 1.43. The stock’s 50 day moving average price is $188.85 and its two-hundred day moving average price is $184.65.

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

Cintas Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Friday, August 14th will be issued a dividend of $0.52 per share. This is an increase from Cintas’s previous quarterly dividend of $0.45. This represents a $2.08 annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Friday, August 14th. Cintas’s dividend payout ratio (DPR) is currently 55.61%.

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.