Deutsche Bank AG Takes Position in Cintas Corporation $CTAS

Deutsche Bank AG acquired a new position in shares of Cintas Corporation (NASDAQ:CTAS) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,204,322 shares of the business services provider’s stock, valued at approximately $204,831,000.

Several other large investors also recently made changes to their positions in CTAS. AMG National Trust Bank acquired a new stake in Cintas in the second quarter valued at approximately $1,973,000. Summit Global Investments acquired a new position in shares of Cintas during the second quarter worth approximately $950,000. Oppenheimer Asset Management Inc. bought a new position in shares of Cintas in the 2nd quarter worth $4,972,000. Riverbridge Partners LLC lifted its holdings in shares of Cintas by 7.7% in the 1st 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. Finally, SEB Asset Management AB acquired a new stake in Cintas in the 1st quarter valued at $22,366,000. 63.46% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CTAS has been the subject of a number of recent research reports. Weiss Ratings upgraded shares of Cintas from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, July 10th. Argus raised shares of Cintas to a “strong-buy” rating in a research note on Friday, July 17th. Truist Financial reduced their price objective on shares of Cintas from $255.00 to $225.00 and set a “buy” rating for the company in a report on Monday, June 15th. Royal Bank Of Canada reissued a “sector perform” rating and set a $206.00 target price on shares of Cintas in a research report on Thursday, July 16th. Finally, The Goldman Sachs Group restated a “buy” rating and issued a $231.00 target price on shares of Cintas in a report on Wednesday, July 15th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Cintas presently has an average rating of “Moderate Buy” and a consensus target price of $212.31.

Cintas Trading Up 0.8%

NASDAQ CTAS opened at $199.45 on Wednesday. The company has a current ratio of 1.43, a quick ratio of 1.27 and a debt-to-equity ratio of 0.28. The business has a fifty day simple moving average of $189.72 and a 200 day simple moving average of $184.77. Cintas Corporation has a 12 month low of $161.16 and a 12 month high of $219.87. The firm has a market capitalization of $79.81 billion, a P/E ratio of 53.33, a PEG ratio of 3.22 and a beta of 0.91.

Cintas (NASDAQ:CTAS) last posted its quarterly earnings data 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. The firm had revenue of $2.91 billion for the quarter, compared to the consensus estimate of $2.87 billion. Cintas had a net margin of 17.75% and a return on equity of 42.05%. The business’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.09 EPS. Cintas has set its FY 2027 guidance at 5.360-5.500 EPS. On average, analysts predict that Cintas Corporation will post 5.49 EPS for the current fiscal year.

Cintas Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Friday, August 14th will be issued a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 1.0%. This is a boost from Cintas’s previous quarterly dividend of $0.45. The ex-dividend date is Friday, August 14th. Cintas’s dividend payout ratio is presently 55.61%.

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.