Everhart Financial Group Inc. Buys 5,986 Shares of Cintas Corporation $CTAS

Everhart Financial Group Inc. boosted its stake in Cintas Corporation (NASDAQ:CTAS) by 106.0% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,634 shares of the business services provider’s stock after purchasing an additional 5,986 shares during the quarter. Everhart Financial Group Inc.’s holdings in Cintas were worth $2,269,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the business. First United Bank & Trust acquired a new stake in Cintas in the first quarter valued at approximately $25,000. Whipplewood Advisors LLC grew its holdings 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 last quarter. Meeder Asset Management Inc. bought a new position in shares of Cintas in the second quarter worth about $27,000. Archer Investment Corp purchased a new stake in shares of Cintas in the first quarter valued at approximately $32,000. Finally, Highland Investment Advisors LLC bought a new position in shares of Cintas during the 2nd quarter worth $32,000. Institutional investors and hedge funds own 63.46% of the company’s stock.

Cintas Stock Up 1.6%

Shares of Cintas stock traded up $3.06 during trading hours on Thursday, hitting $200.25. 358,582 shares of the company’s stock traded hands, compared to its average volume of 2,125,156. The stock has a 50 day simple moving average of $200.50 and a 200-day simple moving average of $185.74. The company has a quick ratio of 1.29, a current ratio of 1.45 and a debt-to-equity ratio of 0.27. The company has a market cap of $80.24 billion, a PE ratio of 39.49, a PEG ratio of 3.11 and a beta of 0.92. Cintas Corporation has a twelve month low of $161.16 and a twelve month high of $219.16.

Cintas (NASDAQ:CTAS) last posted its quarterly earnings data on Wednesday, September 23rd. The business services provider reported $1.39 EPS for the quarter, beating analysts’ consensus estimates of $1.35 by $0.04. Cintas had a net margin of 17.82% and a return on equity of 42.57%. The firm had revenue of $3.01 billion for the quarter, compared to the consensus estimate of $2.98 billion. During the same period in the prior year, the firm posted $1.20 EPS. The firm’s revenue was up 10.9% compared to the same quarter last year. Cintas has set its FY 2027 guidance at 5.450-5.540 EPS. Equities research analysts anticipate that Cintas Corporation will post 5.52 earnings per share for the current fiscal year.

Cintas Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Friday, August 14th were given a $0.52 dividend. This is a boost from Cintas’s previous quarterly dividend of $0.45. The ex-dividend date was Friday, August 14th. This represents a $2.08 annualized dividend and a dividend yield of 1.0%. Cintas’s payout ratio is currently 41.03%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on CTAS. Royal Bank Of Canada reissued a “sector perform” rating and set a $206.00 price objective on shares of Cintas in a report on Thursday, September 24th. Truist Financial upped their price target on shares of Cintas from $225.00 to $230.00 and gave the company a “buy” rating in a research note on Thursday, September 24th. UBS Group reaffirmed a “buy” rating and set a $235.00 price target (up from $230.00) on shares of Cintas in a research report on Thursday, September 24th. Citigroup lifted their price target on Cintas from $180.00 to $181.00 and gave the company a “sell” rating in a research note on Wednesday, September 30th. Finally, Sanford C. Bernstein reaffirmed a “market perform” rating on shares of Cintas in a report on Thursday, September 10th. Eight analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $216.08.

About Cintas

Cintas Corporation (NASDAQ: CTAS) provides workplace services to businesses and organizations across North America. The company’s primary business is uniform rental and facility services, including the design, rental, cleaning and delivery of uniforms, work apparel and related garments.

Its offerings also include restroom and hygiene services, floor-care products, mats, towels, and other facility supplies. Through its First Aid & Safety segment, Cintas provides first-aid products, safety equipment and training.