Stonehage Fleming Financial Services Holdings Ltd Takes Position in Cintas Corporation $CTAS

Stonehage Fleming Financial Services Holdings Ltd purchased a new stake in Cintas Corporation (NASDAQ:CTAS) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 581,018 shares of the business services provider’s stock, valued at approximately $98,820,000. Cintas comprises about 3.4% of Stonehage Fleming Financial Services Holdings Ltd’s portfolio, making the stock its 17th largest holding.

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

Cintas Stock Performance

Shares of Cintas stock opened at $204.15 on Friday. The stock’s fifty day moving average is $193.76 and its two-hundred day moving average is $185.38. The company has a market capitalization of $81.69 billion, a PE ratio of 54.59, a price-to-earnings-growth ratio of 3.32 and a beta of 0.92. 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 52 week low of $161.16 and a 52 week high of $219.16.

Cintas (NASDAQ:CTAS) last released its earnings results on Wednesday, July 15th. The business services provider reported $1.29 earnings per share for the quarter, topping analysts’ consensus estimates of $1.24 by $0.05. Cintas had a return on equity of 42.05% and a net margin of 17.75%.The business 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 revenue was up 8.9% compared to the same quarter last year. Cintas has set its FY 2027 guidance at 5.360-5.500 EPS. As a group, analysts expect that Cintas Corporation will post 5.49 earnings per share for the current year.

Cintas Increases Dividend

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

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on CTAS. Weiss Ratings upgraded Cintas from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, July 10th. Wells Fargo & Company reissued an “overweight” rating and issued a $250.00 target price (up from $245.00) on shares of Cintas in a research note on Thursday, July 16th. Bank of America upgraded shares of Cintas from a “neutral” rating to a “buy” rating and raised their target price for the stock from $200.00 to $230.00 in a report on Thursday, July 16th. Truist Financial dropped their price target on shares of Cintas from $255.00 to $225.00 and set a “buy” rating for the company in a research note on Monday, June 15th. Finally, Argus upgraded shares of Cintas to a “strong-buy” rating in a report on Friday, July 17th. One investment 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 company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $212.31.

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.