Groupama Asset Managment Increases Stock Position in Cintas Corporation $CTAS

Groupama Asset Managment increased its holdings in shares of Cintas Corporation (NASDAQ:CTAS) by 224.0% during the first quarter, Holdings Channel.com reports. The firm owned 4,283 shares of the business services provider’s stock after buying an additional 2,961 shares during the period. Groupama Asset Managment’s holdings in Cintas were worth $724,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of CTAS. Riverbridge Partners LLC raised its holdings in Cintas by 7.7% in the first quarter. Riverbridge Partners LLC now owns 229,158 shares of the business services provider’s stock worth $38,760,000 after purchasing an additional 16,437 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its position in shares of Cintas by 2,286.3% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 736,620 shares of the business services provider’s stock worth $138,536,000 after buying an additional 705,751 shares during the last quarter. SEB Asset Management AB purchased a new position in shares of Cintas in the 1st quarter worth approximately $22,366,000. Suncoast Equity Management raised its stake in shares of Cintas by 53.7% during the 4th quarter. Suncoast Equity Management now owns 23,845 shares of the business services provider’s stock worth $4,485,000 after acquiring an additional 8,330 shares in the last quarter. Finally, Mizuho Markets Americas LLC raised its stake in shares of Cintas by 9,200.6% during the 4th quarter. Mizuho Markets Americas LLC now owns 117,745 shares of the business services provider’s stock worth $22,144,000 after acquiring an additional 116,479 shares in the last quarter. 63.46% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on CTAS shares. Weiss Ratings upgraded shares of Cintas from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, July 10th. UBS Group reaffirmed a “buy” rating and set a $230.00 price target (up from $228.00) on shares of Cintas in a research report on Thursday, July 16th. Robert W. Baird increased their price objective on Cintas from $200.00 to $214.00 and gave the company an “outperform” rating in a report on Thursday, July 16th. Wells Fargo & Company reissued an “overweight” rating and issued a $250.00 price objective (up from $245.00) on shares of Cintas in a research report on Thursday, July 16th. Finally, Royal Bank Of Canada restated a “sector perform” rating and set a $206.00 target price on shares of Cintas in a research note on Thursday, July 16th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $212.31.

Cintas Price Performance

NASDAQ:CTAS opened at $204.63 on Monday. The company has a current ratio of 1.43, a quick ratio of 1.27 and a debt-to-equity ratio of 0.28. Cintas Corporation has a twelve month low of $161.16 and a twelve month high of $226.75. The company has a market cap of $81.89 billion, a PE ratio of 54.71, a P/E/G ratio of 3.30 and a beta of 0.91. The company’s 50 day moving average is $183.11 and its two-hundred day moving average is $184.06.

Cintas (NASDAQ:CTAS) last posted its quarterly earnings results on Wednesday, July 15th. The business services provider reported $1.29 earnings per share (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 during the quarter, compared to analysts’ expectations of $2.87 billion. During the same quarter last year, the company posted $1.09 earnings per share. The business’s quarterly revenue was up 8.9% on a year-over-year basis. Cintas has set its FY 2027 guidance at 5.360-5.500 EPS. Analysts anticipate that Cintas Corporation will post 5.49 EPS for the current year.

Cintas Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Friday, August 14th will be given a dividend of $0.52 per share. The ex-dividend date of this dividend is Friday, August 14th. This represents a $2.08 dividend on an annualized basis and a yield of 1.0%. This is an increase from Cintas’s previous quarterly dividend of $0.45. Cintas’s payout ratio is presently 48.13%.

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.