Mn Services Vermogensbeheer B.V. raised its holdings in Cintas Corporation (NASDAQ:CTAS – Free Report) by 220.6% in the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 317,793 shares of the business services provider’s stock after buying an additional 218,664 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in Cintas were worth $61,989,000 at the end of the most recent reporting period.
Several other institutional investors have also added to or reduced their stakes in the business. First United Bank & Trust acquired a new stake in Cintas in the 1st quarter worth approximately $25,000. Whipplewood Advisors LLC grew 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 worth $25,000 after purchasing an additional 137 shares during the last quarter. Meeder Asset Management Inc. purchased a new stake in Cintas during the 2nd quarter worth approximately $27,000. Archer Investment Corp acquired a new position in Cintas during the 1st quarter valued at approximately $32,000. Finally, Highland Investment Advisors LLC acquired a new position in Cintas during the 2nd quarter valued at approximately $32,000. Institutional investors and hedge funds own 63.46% of the company’s stock.
Analysts Set New Price Targets
A number of research analysts have issued reports on the stock. UBS Group reaffirmed a “buy” rating and issued a $235.00 price target (up from $230.00) on shares of Cintas in a report on Thursday, September 24th. Robert W. Baird set a $222.00 price objective on shares of Cintas and gave the company an “outperform” rating in a report on Thursday, September 24th. Truist Financial upped their target price on Cintas from $225.00 to $230.00 and gave the company a “buy” rating in a research report on Thursday, September 24th. Argus raised their target price on Cintas from $230.00 to $240.00 and gave the stock a “buy” rating in a research note on Tuesday, September 29th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and set a $231.00 price target on shares of Cintas in a research report on Wednesday, July 15th. Eight investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $216.08.
Cintas Stock Up 2.0%
Cintas stock opened at $201.12 on Friday. The business’s 50-day moving average price is $200.38 and its 200 day moving average price is $185.89. 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 firm has a market cap of $80.59 billion, a price-to-earnings ratio of 39.67, a price-to-earnings-growth ratio of 3.13 and a beta of 0.92. Cintas Corporation has a 52 week low of $161.16 and a 52 week high of $219.16.
Cintas (NASDAQ:CTAS – Get Free Report) last announced its quarterly earnings results on Wednesday, September 23rd. The business services provider reported $1.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.35 by $0.04. Cintas had a return on equity of 42.57% and a net margin of 17.82%.The company had revenue of $3.01 billion during the quarter, compared to the consensus estimate of $2.98 billion. During the same period in the previous year, the company posted $1.20 earnings per share. Cintas’s revenue for the quarter was up 10.9% on a year-over-year basis. Cintas has set its FY 2027 guidance at 5.450-5.540 EPS. As a group, sell-side analysts anticipate that Cintas Corporation will post 5.52 earnings per share for the current year.
Cintas Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Friday, August 14th were paid a $0.52 dividend. The ex-dividend date was Friday, August 14th. This represents a $2.08 annualized dividend and a dividend yield of 1.0%. This is an increase from Cintas’s previous quarterly dividend of $0.45. Cintas’s dividend payout ratio (DPR) is presently 41.03%.
Cintas Company Profile
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.
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