Tudor Financial Inc. Purchases 22,023 Shares of Cintas Corporation $CTAS

Tudor Financial Inc. raised its position in Cintas Corporation (NASDAQ:CTASFree Report) by 4,343.8% in the second quarter, HoldingsChannel.com reports. The fund owned 22,530 shares of the business services provider’s stock after purchasing an additional 22,023 shares during the quarter. Cintas accounts for approximately 1.7% of Tudor Financial Inc.’s portfolio, making the stock its 11th biggest holding. Tudor Financial Inc.’s holdings in Cintas were worth $3,832,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of CTAS. One Capital Management LLC increased its stake in shares of Cintas by 0.9% during the 4th quarter. One Capital Management LLC now owns 6,160 shares of the business services provider’s stock worth $1,159,000 after purchasing an additional 53 shares during the last quarter. Rehmann Capital Advisory Group lifted its stake in Cintas by 1.6% in the 2nd quarter. Rehmann Capital Advisory Group now owns 3,355 shares of the business services provider’s stock valued at $580,000 after purchasing an additional 54 shares during the last quarter. Whittier Trust Co. of Nevada Inc. lifted its stake in Cintas by 0.8% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 7,198 shares of the business services provider’s stock valued at $1,236,000 after purchasing an additional 58 shares during the last quarter. Sachetta LLC grew its holdings in Cintas by 46.0% during the first quarter. Sachetta LLC now owns 200 shares of the business services provider’s stock worth $34,000 after purchasing an additional 63 shares during the period. Finally, Ausdal Financial Partners Inc. grew its holdings in Cintas by 2.8% during the second quarter. Ausdal Financial Partners Inc. now owns 2,287 shares of the business services provider’s stock worth $510,000 after purchasing an additional 63 shares during the period. Institutional investors own 63.46% of the company’s stock.

Cintas Stock Up 1.5%

Shares of CTAS opened at $201.05 on Friday. The firm has a market cap of $80.45 billion, a P/E ratio of 53.76, a price-to-earnings-growth ratio of 3.20 and a beta of 0.91. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.27 and a current ratio of 1.43. Cintas Corporation has a 52 week low of $161.16 and a 52 week high of $219.16. The firm’s 50-day simple moving average is $196.89 and its 200 day simple moving average is $185.54.

Cintas (NASDAQ:CTASGet Free Report) last issued its quarterly earnings data 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 net margin of 17.75% and a return on equity of 42.05%. The firm had revenue of $2.91 billion during the quarter, compared to the consensus estimate of $2.87 billion. During the same period last year, the business posted $1.09 earnings per share. The business’s revenue for the quarter was up 8.9% compared to the same quarter last year. Cintas has set its FY 2027 guidance at 5.360-5.500 EPS. On average, analysts forecast that Cintas Corporation will post 5.49 earnings per share for the current year.

Cintas Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Friday, August 14th will be issued a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Friday, August 14th. This is an increase from Cintas’s previous quarterly dividend of $0.45. Cintas’s payout ratio is 55.61%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on CTAS shares. Bank of America upgraded Cintas from a “neutral” rating to a “buy” rating and upped their price objective for the company from $200.00 to $230.00 in a research note on Thursday, July 16th. UBS Group reiterated 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. Weiss Ratings raised Cintas from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, July 10th. Argus upgraded Cintas to a “strong-buy” rating in a research note on Friday, July 17th. Finally, Wells Fargo & Company restated an “overweight” rating and issued a $250.00 price target (up from $245.00) on shares of Cintas in a research note on Thursday, July 16th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $212.31.

Get Our Latest Report on Cintas

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

Want to see what other hedge funds are holding CTAS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cintas Corporation (NASDAQ:CTASFree Report).

Institutional Ownership by Quarter for Cintas (NASDAQ:CTAS)

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