5,613 Cintas Corporation $CTAS Shares Purchased by Cabot Wealth Management Inc.

Cabot Wealth Management Inc. boosted its holdings in Cintas Corporation (NASDAQ:CTAS) by 7.7% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 78,071 shares of the business services provider’s stock after buying an additional 5,613 shares during the period. Cintas makes up about 1.4% of Cabot Wealth Management Inc.’s investment portfolio, making the stock its 25th largest position. Cabot Wealth Management Inc.’s holdings in Cintas were worth $15,229,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. acquired a new stake in shares of Cintas in the second quarter worth $4,520,425,000. Bank of New York Mellon Corp purchased a new stake in Cintas during the 2nd quarter worth $644,334,000. Legal & General Group Plc acquired a new stake in Cintas in the 2nd quarter valued at $386,159,000. Bank of America Corp DE acquired a new stake in Cintas in the 2nd quarter valued at $233,111,000. Finally, Deutsche Bank AG acquired a new stake in Cintas in the 2nd quarter valued at $204,831,000. 63.46% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

CTAS has been the topic of a number of recent research reports. Rothschild & Co Redburn boosted their price objective on Cintas from $184.00 to $198.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 28th. Truist Financial upped their target price on Cintas from $225.00 to $230.00 and gave the stock a “buy” rating in a research report on Thursday, September 24th. The Goldman Sachs Group increased their target price on Cintas from $231.00 to $239.00 and gave the company a “buy” rating in a research note on Thursday, September 24th. Wells Fargo & Company reiterated an “overweight” rating and set a $250.00 target price (up from $245.00) on shares of Cintas in a report on Thursday, July 16th. Finally, Argus raised their target price on Cintas from $230.00 to $240.00 and gave the company a “buy” rating in a report on Tuesday, September 29th. Ten investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Cintas has a consensus rating of “Moderate Buy” and an average target price of $219.87.

Cintas Stock Up 0.9%

Shares of Cintas stock opened at $227.26 on Thursday. Cintas Corporation has a 1-year low of $161.16 and a 1-year high of $233.46. The company has a market capitalization of $90.24 billion, a PE ratio of 43.91, a P/E/G ratio of 3.57 and a beta of 0.86. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.45 and a quick ratio of 1.29. The business has a 50-day moving average of $207.85 and a 200-day moving average of $191.75.

Cintas (NASDAQ:CTAS) last released its quarterly earnings results on Wednesday, September 23rd. The business services provider reported $1.39 EPS for the quarter, topping the consensus estimate of $1.35 by $0.04. The business had revenue of $3.01 billion for the quarter, compared to analysts’ expectations of $2.98 billion. Cintas had a return on equity of 42.57% and a net margin of 17.82%. The company’s revenue was up 10.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.20 earnings per share. Cintas has set its FY 2027 guidance at 5.450-5.540 EPS. As a group, equities analysts forecast that Cintas Corporation will post 5.53 EPS for the current fiscal year.

Cintas Announces Dividend

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