4,076 Shares in Cintas Corporation $CTAS Acquired by Glenview Trust Co

Glenview Trust Co purchased a new position in shares of Cintas Corporation (NASDAQ:CTAS) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 4,076 shares of the business services provider’s stock, valued at approximately $693,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Nemes Rush Group LLC purchased a new position in shares of Cintas during the fourth quarter worth approximately $25,000. First United Bank & Trust purchased a new stake in Cintas in the 1st quarter valued at $25,000. Whipplewood Advisors LLC boosted its stake in Cintas by 1,712.5% during the 1st quarter. Whipplewood Advisors LLC now owns 145 shares of the business services provider’s stock worth $25,000 after purchasing an additional 137 shares during the period. Swiss RE Ltd. purchased a new position in Cintas during the 4th quarter worth $25,000. Finally, Kemnay Advisory Services Inc. purchased a new position in Cintas during the 4th quarter worth $26,000. Hedge funds and other institutional investors own 63.46% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on CTAS. Weiss Ratings raised shares of Cintas from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, July 10th. The Goldman Sachs Group restated a “buy” rating and issued a $231.00 price target on shares of Cintas in a research report on Wednesday, July 15th. Wells Fargo & Company reaffirmed an “overweight” rating and set a $250.00 price objective (up from $245.00) on shares of Cintas in a research note on Thursday, July 16th. Truist Financial decreased their price objective on Cintas from $255.00 to $225.00 and set a “buy” rating for the company in a research report on Monday, June 15th. Finally, Bank of America upgraded Cintas from a “neutral” rating to a “buy” rating and lifted their target price for the company from $200.00 to $230.00 in a research note on Thursday, July 16th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $212.31.

Cintas Trading Up 0.0%

NASDAQ CTAS opened at $204.18 on Friday. The company has a quick ratio of 1.27, a current ratio of 1.43 and a debt-to-equity ratio of 0.28. The stock has a market capitalization of $81.71 billion, a P/E ratio of 54.59, a P/E/G ratio of 3.30 and a beta of 0.92. Cintas Corporation has a 52-week low of $161.16 and a 52-week high of $219.16. The firm has a 50-day moving average price of $194.43 and a 200 day moving average price of $185.51.

Cintas (NASDAQ:CTAS) 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. The company had revenue of $2.91 billion for the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.09 EPS. Cintas has set its FY 2027 guidance at 5.360-5.500 EPS. Equities research analysts expect that Cintas Corporation will post 5.49 EPS for the current year.

Cintas Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Friday, August 14th will be given a $0.52 dividend. The ex-dividend date is Friday, August 14th. This is a positive change from Cintas’s previous quarterly dividend of $0.45. This represents a $2.08 annualized dividend and a yield of 1.0%. Cintas’s dividend payout ratio (DPR) is currently 55.61%.

Cintas Company Profile

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.