125,206 Shares in Cintas Corporation $CTAS Purchased by Caisse de depot et placement du Quebec

Caisse de depot et placement du Quebec purchased a new stake in shares of Cintas Corporation (NASDAQ:CTAS) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 125,206 shares of the business services provider’s stock, valued at approximately $21,295,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of CTAS. Nemes Rush Group LLC purchased a new stake in Cintas in the fourth quarter worth $25,000. Swiss RE Ltd. bought a new stake in Cintas in the fourth quarter valued at $25,000. First United Bank & Trust purchased a new position in Cintas during the 1st quarter valued at $25,000. Whipplewood Advisors LLC increased its position in Cintas by 1,712.5% during the 1st quarter. Whipplewood Advisors LLC now owns 145 shares of the business services provider’s stock valued at $25,000 after purchasing an additional 137 shares during the period. Finally, Kemnay Advisory Services Inc. bought a new position in Cintas in the 4th quarter worth $26,000. Institutional investors own 63.46% of the company’s stock.

Cintas Stock Up 0.0%

Shares of NASDAQ:CTAS opened at $204.18 on Friday. 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 stock has a fifty day simple moving average of $194.43 and a two-hundred day simple moving average of $185.51. Cintas Corporation has a 12-month low of $161.16 and a 12-month high of $219.16. The stock has a market capitalization of $81.71 billion, a price-to-earnings ratio of 54.59, a PEG ratio of 3.30 and a beta of 0.92.

Cintas (NASDAQ:CTAS) last released its earnings results on Wednesday, July 15th. The business services provider reported $1.29 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 firm had revenue of $2.91 billion for the quarter, compared to analysts’ expectations of $2.87 billion. During the same period in the prior year, the firm posted $1.09 earnings per share. The company’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. On average, research analysts anticipate that Cintas Corporation will post 5.49 earnings per share for the current fiscal year.

Cintas Increases Dividend

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

Analyst Ratings Changes

Several equities research analysts have recently commented on CTAS shares. Argus raised shares of Cintas to a “strong-buy” rating in a research report on Friday, July 17th. The Goldman Sachs Group reiterated a “buy” rating and set a $231.00 price target on shares of Cintas in a research report on Wednesday, July 15th. Truist Financial decreased their price target on shares of Cintas from $255.00 to $225.00 and set a “buy” rating for the company in a research note on Monday, June 15th. Bank of America upgraded Cintas from a “neutral” rating to a “buy” rating and raised their target price for the company from $200.00 to $230.00 in a research note on Thursday, July 16th. Finally, Robert W. Baird lifted their price target on Cintas from $200.00 to $214.00 and gave the company an “outperform” rating in a research report on Thursday, July 16th. One equities research 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 assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $212.31.

Cintas Company 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.