52,257 Shares in Cintas Corporation $CTAS Bought by EP Wealth Advisors LLC

EP Wealth Advisors LLC acquired a new stake in Cintas Corporation (NASDAQ:CTASFree Report) during the 2nd quarter, Holdings Channel reports. The fund acquired 52,257 shares of the business services provider’s stock, valued at approximately $8,888,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CTAS. Brighton Jones LLC increased its holdings in Cintas by 9.3% during the 4th quarter. Brighton Jones LLC now owns 1,268 shares of the business services provider’s stock worth $232,000 after purchasing an additional 108 shares in the last quarter. Sivia Capital Partners LLC lifted its holdings in shares of Cintas by 42.3% in the second quarter. Sivia Capital Partners LLC now owns 1,441 shares of the business services provider’s stock valued at $321,000 after purchasing an additional 428 shares in the last quarter. Gamco Investors INC. ET AL bought a new stake in shares of Cintas in the second quarter valued at about $625,000. Treasurer of the State of North Carolina boosted its position in shares of Cintas by 20.3% during the second quarter. Treasurer of the State of North Carolina now owns 212,192 shares of the business services provider’s stock worth $47,291,000 after buying an additional 35,781 shares during the period. Finally, Ieq Capital LLC boosted its position in shares of Cintas by 50.2% during the second quarter. Ieq Capital LLC now owns 92,924 shares of the business services provider’s stock worth $20,710,000 after buying an additional 31,068 shares during the period. 63.46% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently issued reports on CTAS. UBS Group reiterated a “buy” rating and set a $230.00 price objective (up from $228.00) on shares of Cintas in a report on Thursday, July 16th. Bank of America raised Cintas from a “neutral” rating to a “buy” rating and upped their price target for the stock from $200.00 to $230.00 in a research report on Thursday, July 16th. Wells Fargo & Company reaffirmed an “overweight” rating and set a $250.00 price target (up from $245.00) on shares of Cintas in a research note on Thursday, July 16th. Robert W. Baird lifted their price objective on shares of Cintas from $200.00 to $214.00 and gave the company an “outperform” rating in a report on Thursday, July 16th. Finally, Truist Financial lowered their price objective on shares of Cintas from $255.00 to $225.00 and set a “buy” rating on the stock in a report on Monday, June 15th. One investment 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 MarketBeat, Cintas presently has an average rating of “Moderate Buy” and a consensus target price of $212.31.

Check Out Our Latest Stock Analysis on CTAS

Cintas Price Performance

Shares of NASDAQ CTAS opened at $203.79 on Friday. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.43 and a quick ratio of 1.27. The business has a 50-day moving average of $191.16 and a 200-day moving average of $185.08. The stock has a market capitalization of $81.55 billion, a price-to-earnings ratio of 54.49, a PEG 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:CTASGet Free Report) last released its earnings results on Wednesday, July 15th. The business services provider reported $1.29 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $2.87 billion. During the same quarter in the prior year, the company posted $1.09 earnings per share. Cintas’s revenue was up 8.9% on a year-over-year basis. Cintas has set its FY 2027 guidance at 5.360-5.500 EPS. As a group, sell-side analysts predict that Cintas Corporation will post 5.49 earnings per share for the current fiscal year.

Cintas Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Friday, August 14th will be paid a dividend of $0.52 per share. The ex-dividend date is Friday, August 14th. This represents a $2.08 dividend on an annualized basis 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 currently 55.61%.

Cintas Company 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.

See Also

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Institutional Ownership by Quarter for Cintas (NASDAQ:CTAS)

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