22,553 Cintas Corporation $CTAS Shares Bought by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. boosted its stake in shares of Cintas Corporation (NASDAQ:CTAS) by 74.0% in the third quarter, Holdings Channel reports. The institutional investor owned 53,050 shares of the business services provider’s stock after acquiring an additional 22,553 shares during the period. Jefferies Financial Group Inc.’s holdings in Cintas were worth $10,348,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. First Command Advisory Services Inc. lifted its stake in shares of Cintas by 229.5% during the 3rd quarter. First Command Advisory Services Inc. now owns 1,654 shares of the business services provider’s stock worth $323,000 after purchasing an additional 1,152 shares during the last quarter. Illinois Municipal Retirement Fund boosted its position in Cintas by 9.0% during the third quarter. Illinois Municipal Retirement Fund now owns 48,259 shares of the business services provider’s stock valued at $9,413,000 after purchasing an additional 3,976 shares in the last quarter. Moneco Advisors LLC boosted its position in Cintas by 12.3% during the third quarter. Moneco Advisors LLC now owns 3,272 shares of the business services provider’s stock valued at $638,000 after purchasing an additional 358 shares in the last quarter. Keybank National Association OH boosted its position in Cintas by 1.6% during the third quarter. Keybank National Association OH now owns 38,281 shares of the business services provider’s stock valued at $7,467,000 after purchasing an additional 589 shares in the last quarter. Finally, Cornerstone Wealth Management LLC purchased a new position in Cintas in the third quarter valued at about $226,000. Hedge funds and other institutional investors own 63.46% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Robert W. Baird set a $222.00 target price on shares of Cintas and gave the stock an “outperform” rating in a report on Thursday, September 24th. Weiss Ratings lowered shares of Cintas from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, October 23rd. Bank of America restated a “buy” rating and issued a $232.00 price target on shares of Cintas in a report on Thursday, October 29th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $206.00 price objective on shares of Cintas in a research report on Thursday, September 24th. Finally, Argus boosted their price objective on shares of Cintas from $230.00 to $240.00 and gave the stock a “buy” rating in a research note on Tuesday, September 29th. Ten equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $219.87.

Cintas Stock Up 0.9%

NASDAQ:CTAS opened at $227.26 on Thursday. The company has a market cap of $90.24 billion, a PE ratio of 44.82, a P/E/G ratio of 3.57 and a beta of 0.86. Cintas Corporation has a twelve month low of $161.16 and a twelve month high of $233.46. The company has a current ratio of 1.45, a quick ratio of 1.29 and a debt-to-equity ratio of 0.27. The company’s 50 day moving average is $207.85 and its two-hundred day moving average is $191.75.

Cintas (NASDAQ:CTAS) last issued its quarterly 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 business had revenue of $3.01 billion for the quarter, compared to analyst estimates of $2.98 billion. Cintas had a net margin of 17.82% and a return on equity of 42.57%. Cintas’s revenue for the quarter was up 10.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.20 EPS. Cintas has set its FY 2027 guidance at 5.450-5.540 EPS. Analysts anticipate that Cintas Corporation will post 5.53 EPS for the current year.

Cintas Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Friday, November 13th will be issued a dividend of $0.52 per share. The ex-dividend date of this dividend is Friday, November 13th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.9%. Cintas’s payout ratio is 41.03%.

Cintas Profile

Cintas Corporation provides workplace products and services to businesses, primarily in North America. Its offerings include uniform rental and sales, workwear, and related services such as laundering and maintaining uniforms. The company also supplies facility services, including restroom and floor products, and provides first aid and safety products and services. Its fire protection business offers services such as inspecting and maintaining fire extinguishers and other safety equipment. Cintas traces its roots to Acme Industrial Laundry, a family business established in 1929.