PCM Encore LLC Buys Shares of 3,478 Cintas Corporation $CTAS

PCM Encore LLC bought a new stake in Cintas Corporation (NASDAQ:CTAS) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 3,478 shares of the business services provider’s stock, valued at approximately $591,000.

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

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. Bank of America upgraded shares of Cintas from a “neutral” rating to a “buy” rating and increased their target price for the stock from $200.00 to $230.00 in a report on Thursday, July 16th. UBS Group reissued a “buy” rating and issued a $230.00 price target (up from $228.00) on shares of Cintas in a report on Thursday, July 16th. The Goldman Sachs Group restated a “buy” rating and issued a $231.00 price objective on shares of Cintas in a research report on Wednesday, July 15th. Wells Fargo & Company reaffirmed an “overweight” rating and set a $250.00 price objective (up from $245.00) on shares of Cintas in a research note on Thursday, July 16th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and set a $206.00 target price on shares of Cintas in a report on Thursday, July 16th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $212.31.

Cintas Stock Performance

CTAS opened at $203.52 on Friday. The business’s 50-day moving average price is $190.61 and its two-hundred day moving average price is $184.95. Cintas Corporation has a 1 year low of $161.16 and a 1 year high of $219.16. The company has a market capitalization of $81.44 billion, a price-to-earnings ratio of 54.42, a P/E/G ratio of 3.28 and a beta of 0.92. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.43 and a quick ratio of 1.27.

Cintas (NASDAQ:CTAS) last announced its quarterly earnings data on Wednesday, July 15th. The business services provider reported $1.29 EPS for the quarter, topping 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 business had revenue of $2.91 billion for the quarter, compared to analyst estimates of $2.87 billion. During the same quarter in the previous year, the firm posted $1.09 earnings per share. The firm’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 expect that Cintas Corporation will post 5.49 EPS for the current fiscal 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 paid a dividend of $0.52 per share. The ex-dividend date is Friday, August 14th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.0%. This is an increase from Cintas’s previous quarterly dividend of $0.45. 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.