Visionary Wealth Advisors Makes New $1.50 Million Investment in Cintas Corporation $CTAS

Visionary Wealth Advisors acquired a new stake in Cintas Corporation (NASDAQ:CTAS) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor acquired 8,788 shares of the business services provider’s stock, valued at approximately $1,495,000.

A number of other institutional investors and hedge funds have also made changes to their positions in CTAS. Nemes Rush Group LLC acquired a new position in shares of Cintas during the 4th quarter worth approximately $25,000. Swiss RE Ltd. acquired a new stake in Cintas in the 4th quarter valued at $25,000. Kemnay Advisory Services Inc. acquired a new stake in Cintas in the 4th quarter valued at $26,000. Camelot Portfolios LLC purchased a new stake in Cintas in the 4th quarter worth $26,000. Finally, Triumph Capital Management purchased a new stake in Cintas in the 3rd quarter worth $29,000. 63.46% of the stock is currently owned by hedge funds and other institutional investors.

Cintas Stock Performance

NASDAQ CTAS opened at $207.40 on Tuesday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.27 and a current ratio of 1.43. The stock’s fifty day moving average is $191.81 and its two-hundred day moving average is $185.16. The firm has a market capitalization of $83.00 billion, a P/E ratio of 55.45, a price-to-earnings-growth ratio of 3.29 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.

Cintas (NASDAQ:CTAS) last issued its 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 return on equity of 42.05% and a net margin of 17.75%.The business had revenue of $2.91 billion during the quarter, compared to the consensus estimate of $2.87 billion. During the same period last year, the company earned $1.09 EPS. The company’s revenue for the quarter was up 8.9% on a year-over-year basis. Cintas has set its FY 2027 guidance at 5.360-5.500 EPS. On average, research analysts anticipate that Cintas Corporation will post 5.49 earnings per share for the current year.

Cintas Increases Dividend

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

Analyst Ratings Changes

Several research firms have issued reports on CTAS. The Goldman Sachs Group reaffirmed a “buy” rating and set a $231.00 price objective on shares of Cintas in a report on Wednesday, July 15th. Wells Fargo & Company reissued an “overweight” rating and set a $250.00 target price (up from $245.00) on shares of Cintas in a research note on Thursday, July 16th. Weiss Ratings upgraded shares of Cintas from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, July 10th. Truist Financial decreased their price target on shares of Cintas from $255.00 to $225.00 and set a “buy” rating on the stock in a research note on Monday, June 15th. Finally, Argus upgraded Cintas to a “strong-buy” rating in a report on Friday, July 17th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Cintas currently has a consensus rating of “Moderate Buy” and a consensus target price of $212.31.

About Cintas

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.