Quantinno Capital Management LP Acquires 119,631 Shares of Cintas Corporation $CTAS

Quantinno Capital Management LP lifted its holdings in shares of Cintas Corporation (NASDAQ:CTASFree Report) by 51.8% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 350,426 shares of the business services provider’s stock after buying an additional 119,631 shares during the period. Quantinno Capital Management LP’s holdings in Cintas were worth $59,271,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the business. Nemes Rush Group LLC bought a new position in Cintas in the fourth quarter valued at about $25,000. Swiss RE Ltd. bought a new position in shares of Cintas in the fourth quarter worth about $25,000. Kemnay Advisory Services Inc. bought a new position in shares of Cintas in the fourth quarter worth about $26,000. Camelot Portfolios LLC acquired a new stake in shares of Cintas in the 4th quarter valued at approximately $26,000. Finally, Triumph Capital Management acquired a new stake in shares of Cintas in the 3rd quarter valued at approximately $29,000. 63.46% of the stock is currently owned by institutional investors.

Cintas Trading Up 0.8%

NASDAQ:CTAS opened at $216.53 on Thursday. Cintas Corporation has a 52 week low of $161.16 and a 52 week high of $226.75. 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 firm’s fifty day moving average is $181.79 and its 200-day moving average is $183.88. The firm has a market cap of $86.63 billion, a P/E ratio of 57.90, a P/E/G ratio of 3.47 and a beta of 0.94.

Cintas (NASDAQ:CTASGet Free Report) last announced its earnings results on Wednesday, July 15th. The business services provider reported $1.29 earnings per share for the quarter, topping analysts’ consensus estimates of $1.24 by $0.05. The business had revenue of $2.91 billion during 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%. Cintas’s quarterly revenue was up 8.9% on a year-over-year basis. During the same quarter last year, the firm earned $1.09 earnings per share. Cintas has set its FY 2027 guidance at 5.360-5.500 EPS. Equities analysts expect that Cintas Corporation will post 5.49 earnings per share for the current year.

Cintas Increases Dividend

The firm also recently announced 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 represents a $2.08 annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Friday, August 14th. This is a positive change from Cintas’s previous quarterly dividend of $0.45. Cintas’s dividend payout ratio is currently 48.13%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. UBS Group reiterated a “buy” rating and set a $230.00 price objective (up from $228.00) on shares of Cintas in a research report on Thursday, July 16th. Bank of America upgraded shares of 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 report on Thursday, July 16th. Robert W. Baird boosted their target price on shares of Cintas from $200.00 to $214.00 and gave the stock an “outperform” rating in a research note on Thursday, July 16th. Wells Fargo & Company reiterated an “overweight” rating and set a $250.00 price target (up from $245.00) on shares of Cintas in a report on Thursday, July 16th. Finally, The Goldman Sachs Group reiterated a “buy” rating and issued a $231.00 price target on shares of Cintas in a research note on Wednesday, July 15th. One equities 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 assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $212.31.

View Our Latest Stock Report on CTAS

Cintas Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Cintas (NASDAQ:CTAS)

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