Cintas Corporation $CTAS Shares Purchased by Park National Corp OH

Park National Corp OH grew its stake in shares of Cintas Corporation (NASDAQ:CTAS) by 620.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 190,332 shares of the business services provider’s stock after purchasing an additional 163,920 shares during the quarter. Cintas makes up about 1.0% of Park National Corp OH’s holdings, making the stock its 25th biggest position. Park National Corp OH’s holdings in Cintas were worth $37,126,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Nemes Rush Group LLC purchased a new stake in Cintas in the fourth quarter valued at $25,000. Whipplewood Advisors LLC increased its position in shares of 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 purchasing an additional 137 shares in the last quarter. First United Bank & Trust purchased a new stake in shares of Cintas in the 1st quarter valued at about $25,000. Meeder Asset Management Inc. purchased a new stake in shares of Cintas in the 2nd quarter valued at about $27,000. Finally, Archer Investment Corp acquired a new stake in shares of Cintas in the 1st quarter valued at about $32,000. Hedge funds and other institutional investors own 63.46% of the company’s stock.

Cintas Price Performance

Cintas stock traded up $1.26 during midday trading on Monday, reaching $194.28. The company’s stock had a trading volume of 444,379 shares, compared to its average volume of 2,137,695. The firm has a market capitalization of $77.85 billion, a PE ratio of 38.32, a P/E/G ratio of 3.07 and a beta of 0.92. Cintas Corporation has a fifty-two week low of $161.16 and a fifty-two week high of $219.16. The stock’s 50 day simple moving average is $201.57 and its 200 day simple moving average is $185.54. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.29 and a current ratio of 1.45.

Cintas (NASDAQ:CTAS) last issued its earnings results on Wednesday, September 23rd. The business services provider reported $1.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.35 by $0.04. The company had revenue of $3.01 billion during the quarter, compared to analysts’ expectations of $2.98 billion. Cintas had a net margin of 17.82% and a return on equity of 42.57%. The firm’s quarterly revenue was up 10.9% compared to the same quarter last year. During the same period last year, the company posted $1.20 earnings per share. Cintas has set its FY 2027 guidance at 5.450-5.540 EPS. On average, equities research analysts forecast that Cintas Corporation will post 5.52 earnings per share for the current year.

Cintas Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Friday, August 14th were issued a dividend of $0.52 per share. This is an increase from Cintas’s previous quarterly dividend of $0.45. The ex-dividend date was Friday, August 14th. This represents a $2.08 annualized dividend and a yield of 1.1%. Cintas’s payout ratio is 41.03%.

Wall Street Analyst Weigh In

Several research firms have commented on CTAS. Weiss Ratings raised Cintas from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, September 11th. The Goldman Sachs Group reissued a “buy” rating and issued a $231.00 price objective on shares of Cintas in a report on Wednesday, July 15th. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $250.00 target price (up from $245.00) on shares of Cintas in a report on Thursday, July 16th. Sanford C. Bernstein reiterated a “market perform” rating on shares of Cintas in a research report on Thursday, September 10th. Finally, Robert W. Baird set a $222.00 price objective on shares of Cintas and gave the stock an “outperform” rating in a research report on Thursday, September 24th. Eight investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $216.08.

About Cintas

Cintas Corporation (NASDAQ: CTAS) provides workplace services to businesses and organizations across North America. The company’s primary business is uniform rental and facility services, including the design, rental, cleaning and delivery of uniforms, work apparel and related garments.

Its offerings also include restroom and hygiene services, floor-care products, mats, towels, and other facility supplies. Through its First Aid & Safety segment, Cintas provides first-aid products, safety equipment and training.