Baird Financial Group Inc. Grows Position in Cintas Corporation $CTAS

Baird Financial Group Inc. increased its stake in Cintas Corporation (NASDAQ:CTAS) by 16.1% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 138,846 shares of the business services provider’s stock after buying an additional 19,245 shares during the quarter. Baird Financial Group Inc.’s holdings in Cintas were worth $23,615,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in CTAS. Nemes Rush Group LLC bought a new position in Cintas during the fourth quarter valued at approximately $25,000. Swiss RE Ltd. bought a new stake in Cintas during the fourth quarter valued at approximately $25,000. Kemnay Advisory Services Inc. bought a new stake in Cintas during the fourth quarter valued at about $26,000. Triumph Capital Management purchased a new position in Cintas during the third quarter valued at approximately $29,000. Finally, Whipplewood Advisors LLC raised its holdings in Cintas by 1,712.5% during the first quarter. Whipplewood Advisors LLC now owns 145 shares of the business services provider’s stock valued at $25,000 after acquiring an additional 137 shares during the period. Hedge funds and other institutional investors own 63.46% of the company’s stock.

Cintas Stock Up 1.5%

Shares of NASDAQ:CTAS opened at $201.50 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. Cintas Corporation has a 52-week low of $161.16 and a 52-week high of $219.16. The business’s 50 day moving average is $199.96 and its 200 day moving average is $185.77. The stock has a market cap of $80.63 billion, a P/E ratio of 53.88, a price-to-earnings-growth ratio of 3.20 and a beta of 0.91.

Cintas (NASDAQ:CTAS) last posted its quarterly earnings results on Wednesday, July 15th. The business services provider reported $1.29 EPS for the quarter, beating the consensus estimate of $1.24 by $0.05. Cintas had a net margin of 17.75% and a return on equity of 42.05%. The business had revenue of $2.91 billion during the quarter, compared to analyst estimates of $2.87 billion. During the same quarter in the previous year, the business posted $1.09 EPS. The company’s quarterly 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. Sell-side analysts predict that Cintas Corporation will post 5.49 EPS for the current year.

Cintas Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Friday, August 14th will be paid a $0.52 dividend. 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. The ex-dividend date is Friday, August 14th. Cintas’s payout ratio is presently 55.61%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on CTAS shares. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $206.00 price objective on shares of Cintas in a report on Thursday, July 16th. Argus raised shares of Cintas to a “strong-buy” rating in a report on Friday, July 17th. Sanford C. Bernstein restated a “market perform” rating on shares of Cintas in a research report on Thursday. The Goldman Sachs Group reaffirmed a “buy” rating and set a $231.00 price target on shares of Cintas in a research note on Wednesday, July 15th. Finally, Weiss Ratings upgraded shares of Cintas from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, July 10th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Cintas presently has a consensus rating of “Moderate Buy” and an average price target of $212.31.

Cintas Company Profile

Cintas Corporation is a provider of workplace products and services for businesses across North America. The company helps organizations manage employee appearance, workplace cleanliness, safety, and compliance through a range of recurring service programs.

Its offerings include uniform rental and workwear, branded apparel, entrance mats, restroom supplies, and facility cleaning services. Cintas also provides first-aid and safety products, training, and fire protection services, including inspection and maintenance programs for fire extinguishers, sprinkler systems, alarms, and related equipment.

Headquartered in Mason, Ohio, Cintas traces its roots to a family-operated industrial laundry business established by Richard T.