Polymer Capital Management HK LTD purchased a new stake in shares of Cintas Corporation (NASDAQ:CTAS – Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 8,500 shares of the business services provider’s stock, valued at approximately $1,446,000.
Several other institutional investors and hedge funds have also bought and sold shares of the business. Nemes Rush Group LLC bought a new stake in shares of Cintas in the 4th quarter worth approximately $25,000. First United Bank & Trust bought a new position in shares of Cintas during the first quarter valued at approximately $25,000. Whipplewood Advisors LLC raised its holdings in shares of Cintas by 1,712.5% during the first quarter. Whipplewood Advisors LLC now owns 145 shares of the business services provider’s stock valued at $25,000 after acquiring an additional 137 shares in the last quarter. Swiss RE Ltd. purchased a new stake in Cintas in the fourth quarter worth $25,000. Finally, Camelot Portfolios LLC purchased a new stake in Cintas in the fourth quarter worth $26,000. Hedge funds and other institutional investors own 63.46% of the company’s stock.
Analysts Set New Price Targets
A number of research analysts have issued reports on the stock. The Goldman Sachs Group reissued a “buy” rating and set a $231.00 price objective on shares of Cintas in a research report on Wednesday, July 15th. Royal Bank Of Canada restated a “sector perform” rating and issued a $206.00 price objective on shares of Cintas in a report on Thursday, July 16th. Robert W. Baird lifted their target price on shares of Cintas from $200.00 to $214.00 and gave the company an “outperform” rating in a research note on Thursday, July 16th. UBS Group reaffirmed a “buy” rating and set a $230.00 target price (up from $228.00) on shares of Cintas in a research note on Thursday, July 16th. Finally, Wells Fargo & Company reiterated an “overweight” rating and set a $250.00 price target (up from $245.00) on shares of Cintas in a research report on Thursday, July 16th. 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 given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $212.31.
Cintas Stock Performance
NASDAQ CTAS opened at $203.79 on Monday. The company has a quick ratio of 1.27, a current ratio of 1.43 and a debt-to-equity ratio of 0.28. Cintas Corporation has a twelve month low of $161.16 and a twelve month high of $219.16. The firm has a market capitalization of $81.55 billion, a PE ratio of 54.49, a P/E/G ratio of 3.29 and a beta of 0.91. The stock’s 50 day moving average is $191.16 and its 200 day moving average is $185.04.
Cintas (NASDAQ:CTAS – Get Free Report) last posted its quarterly earnings data on Wednesday, July 15th. The business services provider reported $1.29 earnings per share (EPS) 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 return on equity of 42.05% and a net margin of 17.75%.The firm’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.09 earnings per share. Cintas has set its FY 2027 guidance at 5.360-5.500 EPS. Research analysts forecast that Cintas Corporation will post 5.49 earnings per share for the current fiscal year.
Cintas Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Friday, August 14th will be given a $0.52 dividend. The ex-dividend date of this dividend is Friday, August 14th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.0%. This is a boost from Cintas’s previous quarterly dividend of $0.45. Cintas’s payout ratio is currently 55.61%.
About Cintas
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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