Yousif Capital Management LLC lessened its stake in shares of Cintas Corporation (NASDAQ:CTAS – Free Report) by 3.3% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 75,130 shares of the business services provider’s stock after selling 2,553 shares during the period. Yousif Capital Management LLC’s holdings in Cintas were worth $14,655,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors have also recently made changes to their positions in CTAS. BlackRock Inc. purchased a new stake in shares of Cintas in the second quarter worth about $4,520,425,000. Bank of New York Mellon Corp bought a new position in Cintas during the second quarter valued at approximately $644,334,000. Legal & General Group Plc bought a new position in Cintas during the second quarter valued at approximately $386,159,000. Bank of America Corp DE bought a new position in Cintas during the second quarter valued at approximately $233,111,000. Finally, Deutsche Bank AG purchased a new position in Cintas during the 2nd quarter valued at approximately $204,831,000. Hedge funds and other institutional investors own 63.46% of the company’s stock.
Wall Street Analyst Weigh In
A number of analysts have issued reports on the company. UBS Group reaffirmed a “buy” rating and issued a $235.00 price objective (up from $230.00) on shares of Cintas in a research note on Thursday, September 24th. Sanford C. Bernstein reiterated a “market perform” rating on shares of Cintas in a research report on Thursday, September 10th. Weiss Ratings raised shares of Cintas from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, October 9th. Royal Bank Of Canada restated a “sector perform” rating and issued a $206.00 price target on shares of Cintas in a research report on Thursday, September 24th. Finally, Citigroup upped their price target on shares of Cintas from $180.00 to $181.00 and gave the company a “sell” rating in a research note on Wednesday, September 30th. Ten analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $218.50.
Get Our Latest Stock Report on CTAS
Cintas Trading Up 0.0%
Shares of NASDAQ:CTAS traded up $0.06 during trading on Friday, reaching $224.10. The company’s stock had a trading volume of 1,934,631 shares, compared to its average volume of 1,745,510. The stock has a market capitalization of $88.99 billion, a PE ratio of 44.20, a price-to-earnings-growth ratio of 3.55 and a beta of 0.92. Cintas Corporation has a 12 month low of $161.16 and a 12 month high of $225.79. The company has a current ratio of 1.45, a quick ratio of 1.29 and a debt-to-equity ratio of 0.27. The firm’s 50 day simple moving average is $202.71 and its two-hundred day simple moving average is $188.91.
Cintas (NASDAQ:CTAS – Get Free Report) last issued its quarterly earnings data on Wednesday, September 23rd. The business services provider reported $1.39 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of $2.98 billion. During the same period in the previous year, the firm posted $1.20 earnings per share. The firm’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. On average, research analysts predict that Cintas Corporation will post 5.53 EPS for the current fiscal year.
Cintas Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Friday, August 14th were given a dividend of $0.52 per share. The ex-dividend date of this dividend was Friday, August 14th. This represents a $2.08 annualized dividend and a dividend yield of 0.9%. This is an increase from Cintas’s previous quarterly dividend of $0.45. Cintas’s dividend payout ratio is presently 41.03%.
Cintas Profile
Cintas Corporation provides workplace products and services to businesses and other organizations, primarily in the United States and Canada. The company is best known for designing, supplying, laundering and maintaining uniforms, workwear and related apparel for employees across a range of industries.
Its offerings also include facility services such as entrance mats, restroom supplies, hygiene products, janitorial supplies and document management. Through its first aid and safety business, Cintas provides first-aid products, safety training and related workplace solutions.
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