39,168 Shares in Cintas Corporation $CTAS Bought by Jupiter Topco LLC

Jupiter Topco LLC bought a new position in Cintas Corporation (NASDAQ:CTAS) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 39,168 shares of the business services provider’s stock, valued at approximately $6,661,000.

Other large investors have also recently bought and sold shares of the company. AMG National Trust Bank bought a new stake in shares of Cintas in the second quarter worth $1,973,000. Summit Global Investments bought a new position in Cintas during the 2nd quarter worth $950,000. Oppenheimer Asset Management Inc. bought a new position in Cintas during the 2nd quarter worth $4,972,000. TimesSquare Capital Management LLC acquired a new position in Cintas during the 2nd quarter worth about $62,057,000. Finally, Riverbridge Partners LLC lifted its holdings in Cintas by 7.7% during the 1st quarter. Riverbridge Partners LLC now owns 229,158 shares of the business services provider’s stock worth $38,760,000 after buying an additional 16,437 shares during the period. 63.46% of the stock is currently owned by institutional investors.

Cintas Stock Performance

Shares of CTAS opened at $204.18 on Monday. The company has a current ratio of 1.43, a quick ratio of 1.27 and a debt-to-equity ratio of 0.28. The firm’s fifty day simple moving average is $194.43 and its two-hundred day simple moving average is $185.45. Cintas Corporation has a 12 month low of $161.16 and a 12 month high of $219.16. The stock has a market capitalization of $81.71 billion, a P/E ratio of 54.59, a price-to-earnings-growth ratio of 3.30 and a beta of 0.92.

Cintas (NASDAQ:CTAS) last posted its quarterly earnings data on Wednesday, July 15th. The business services provider reported $1.29 earnings per share for the quarter, topping the consensus estimate of $1.24 by $0.05. The firm had revenue of $2.91 billion during the quarter, compared to analyst estimates of $2.87 billion. Cintas had a return on equity of 42.05% and a net margin of 17.75%.The business’s quarterly revenue was up 8.9% on a year-over-year basis. During the same period last year, the company posted $1.09 EPS. Cintas has set its FY 2027 guidance at 5.360-5.500 EPS. As a group, analysts predict that Cintas Corporation will post 5.49 EPS for the current year.

Cintas Increases Dividend

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

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Wells Fargo & Company reissued 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. Truist Financial cut their price objective on Cintas from $255.00 to $225.00 and set a “buy” rating on the stock in a research note on Monday, June 15th. The Goldman Sachs Group reiterated a “buy” rating and issued a $231.00 target price on shares of Cintas in a report on Wednesday, July 15th. Royal Bank Of Canada reissued a “sector perform” rating and set a $206.00 target price on shares of Cintas in a research report on Thursday, July 16th. Finally, Weiss Ratings upgraded shares of Cintas from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, July 10th. One 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 issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus 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.