7,054 Shares in Cintas Corporation $CTAS Bought by Two Sigma Securities LLC

Two Sigma Securities LLC purchased a new stake in Cintas Corporation (NASDAQ:CTAS) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor purchased 7,054 shares of the business services provider’s stock, valued at approximately $1,200,000.

Several other hedge funds also recently added to or reduced their stakes in the stock. One Capital Management LLC grew its stake in shares of Cintas by 0.9% in the fourth quarter. One Capital Management LLC now owns 6,160 shares of the business services provider’s stock valued at $1,159,000 after buying an additional 53 shares in the last quarter. Whittier Trust Co. of Nevada Inc. raised its holdings in shares of Cintas by 0.8% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 7,198 shares of the business services provider’s stock valued at $1,236,000 after buying an additional 58 shares during the period. Sachetta LLC lifted its position in Cintas by 46.0% during the 1st quarter. Sachetta LLC now owns 200 shares of the business services provider’s stock worth $34,000 after acquiring an additional 63 shares in the last quarter. Ausdal Financial Partners Inc. lifted its position in Cintas by 2.8% during the 2nd quarter. Ausdal Financial Partners Inc. now owns 2,287 shares of the business services provider’s stock worth $510,000 after acquiring an additional 63 shares in the last quarter. Finally, Elyxium Wealth LLC boosted its holdings in Cintas by 4.9% in the 4th quarter. Elyxium Wealth LLC now owns 1,368 shares of the business services provider’s stock worth $257,000 after acquiring an additional 64 shares during the period. 63.46% of the stock is owned by hedge funds and other institutional investors.

Cintas Stock Performance

Cintas stock opened at $201.79 on Tuesday. The company has a market cap of $80.75 billion, a PE ratio of 53.95, a P/E/G ratio of 3.30 and a beta of 0.91. The company has a fifty day moving average price of $195.08 and a two-hundred day moving average price of $185.47. 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 Corporation has a 12 month low of $161.16 and a 12 month high of $219.16.

Cintas (NASDAQ:CTAS) last issued its earnings results on Wednesday, July 15th. The business services provider reported $1.29 earnings per share 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 company had revenue of $2.91 billion for the quarter, compared to analysts’ expectations of $2.87 billion. During the same period in the prior year, the company earned $1.09 earnings per share. The firm’s 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. Research analysts expect 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. Investors of record on Friday, August 14th will be paid a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 1.0%. This is a positive change from Cintas’s previous quarterly dividend of $0.45. The ex-dividend date is Friday, August 14th. Cintas’s dividend payout ratio (DPR) is currently 55.61%.

Analyst Upgrades and Downgrades

CTAS has been the subject of several recent research reports. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $231.00 price objective on shares of Cintas in a research report on Wednesday, July 15th. Robert W. Baird boosted their target price on shares of Cintas from $200.00 to $214.00 and gave the stock an “outperform” rating in a research report on Thursday, July 16th. Bank of America upgraded shares of Cintas from a “neutral” rating to a “buy” rating and upped 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 report on Thursday, July 16th. Finally, Truist Financial dropped their price target on shares of Cintas from $255.00 to $225.00 and set a “buy” rating on the stock in a research note on Monday, June 15th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned 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 a consensus rating of “Moderate Buy” and an average target price of $212.31.

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.