Roman Butler Fullerton & Co. Purchases Shares of 5,334 Cintas Corporation $CTAS

Roman Butler Fullerton & Co. purchased a new stake in Cintas Corporation (NASDAQ:CTAS) during the second quarter, according to the company in its most recent filing with the SEC. The firm purchased 5,334 shares of the business services provider’s stock, valued at approximately $980,000.

Several other institutional investors also recently made changes to their positions in the stock. Norges Bank purchased a new stake in Cintas during the fourth quarter valued at about $923,672,000. Bank of New York Mellon Corp acquired a new stake in Cintas during the second quarter worth about $644,334,000. Two Sigma Investments LP lifted its stake in shares of Cintas by 5,641.3% in the 3rd quarter. Two Sigma Investments LP now owns 1,016,671 shares of the business services provider’s stock valued at $208,682,000 after purchasing an additional 998,963 shares in the last quarter. Voloridge Investment Management LLC lifted its stake in shares of Cintas by 275.2% in the 3rd quarter. Voloridge Investment Management LLC now owns 1,123,237 shares of the business services provider’s stock valued at $230,556,000 after purchasing an additional 823,885 shares in the last quarter. Finally, Freestone Grove Partners LP grew its holdings in shares of Cintas by 5,341.8% during the 3rd quarter. Freestone Grove Partners LP now owns 747,109 shares of the business services provider’s stock worth $153,352,000 after purchasing an additional 733,380 shares during the period. 63.46% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on CTAS. Argus raised shares of Cintas to a “strong-buy” rating in a research report on Friday, July 17th. The Goldman Sachs Group reiterated a “buy” rating and set a $231.00 price objective on shares of Cintas in a research note on Wednesday, July 15th. Truist Financial dropped their price objective on shares of Cintas from $255.00 to $225.00 and set a “buy” rating for the company in a research report on Monday, June 15th. Robert W. Baird increased their price target on Cintas from $200.00 to $214.00 and gave the company an “outperform” rating in a report on Thursday, July 16th. Finally, Bank of America upgraded Cintas from a “neutral” rating to a “buy” rating and increased their price target for the company from $200.00 to $230.00 in a report on Thursday, July 16th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $212.31.

Cintas Price Performance

NASDAQ CTAS opened at $199.52 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 fifty-two week low of $161.16 and a fifty-two week high of $221.36. The business has a 50 day moving average price of $188.85 and a two-hundred day moving average price of $184.65. The stock has a market cap of $79.84 billion, a PE ratio of 53.35, a P/E/G ratio of 3.22 and a beta of 0.91.

Cintas (NASDAQ:CTAS) last posted its quarterly earnings data on Wednesday, July 15th. The business services provider reported $1.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.24 by $0.05. Cintas had a net margin of 17.75% and a return on equity of 42.05%. The company had revenue of $2.91 billion for the quarter, compared to analyst estimates of $2.87 billion. During the same quarter last year, the firm posted $1.09 earnings per share. The business’s quarterly 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 EPS for the current fiscal 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 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Friday, August 14th. This is a positive change from Cintas’s previous quarterly dividend of $0.45. Cintas’s dividend payout ratio (DPR) is 55.61%.

Cintas 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.