Cintas Corporation $CTAS Stock: NFSG Corp Raises Stake

NFSG Corp boosted its stake in Cintas Corporation (NASDAQ:CTAS) by 15,116.0% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 11,412 shares of the business services provider’s stock after purchasing an additional 11,337 shares during the period. NFSG Corp’s holdings in Cintas were worth $2,226,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently added to or reduced their stakes in the stock. V Square Quantitative Management LLC grew its position in shares of Cintas by 11.7% during the third quarter. V Square Quantitative Management LLC now owns 3,251 shares of the business services provider’s stock worth $634,000 after acquiring an additional 341 shares during the last quarter. AdvisorNet Financial Inc increased its holdings in shares of Cintas by 195.8% in the 3rd quarter. AdvisorNet Financial Inc now owns 7,776 shares of the business services provider’s stock worth $1,517,000 after acquiring an additional 5,147 shares during the period. Assenagon Asset Management S.A. lifted its position in Cintas by 3.5% in the 3rd quarter. Assenagon Asset Management S.A. now owns 1,260,538 shares of the business services provider’s stock valued at $245,881,000 after purchasing an additional 42,935 shares during the last quarter. State of Alaska Department of Revenue lifted its position in Cintas by 126.0% in the 3rd quarter. State of Alaska Department of Revenue now owns 133,033 shares of the business services provider’s stock valued at $25,949,000 after purchasing an additional 74,174 shares during the last quarter. Finally, Formuepleje A S lifted its position in Cintas by 0.7% in the 3rd quarter. Formuepleje A S now owns 22,466 shares of the business services provider’s stock valued at $4,081,000 after purchasing an additional 161 shares during the last quarter. 63.46% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Bank of America raised shares of Cintas from a “neutral” rating to a “buy” rating and boosted their target price for the company from $200.00 to $230.00 in a research note on Thursday, July 16th. Wells Fargo & Company restated 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. Argus raised their price target on shares of Cintas from $230.00 to $240.00 and gave the company a “buy” rating in a research note on Tuesday, September 29th. Rothschild & Co Redburn lifted their price target on Cintas from $184.00 to $198.00 and gave the company a “neutral” rating in a report on Tuesday, July 28th. Finally, The Goldman Sachs Group lifted their price target on Cintas from $231.00 to $239.00 and gave the company a “buy” rating in a report on Thursday, September 24th. Ten analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $218.50.

Cintas Trading Up 2.1%

Shares of CTAS stock opened at $213.06 on Friday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.29 and a current ratio of 1.45. Cintas Corporation has a 1 year low of $161.16 and a 1 year high of $219.16. The stock has a fifty day moving average of $200.78 and a two-hundred day moving average of $187.06. The firm has a market capitalization of $84.60 billion, a PE ratio of 42.02, a price-to-earnings-growth ratio of 3.32 and a beta of 0.92.

Cintas (NASDAQ:CTAS) last released its quarterly earnings results on Wednesday, September 23rd. The business services provider reported $1.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.35 by $0.04. The company had revenue of $3.01 billion during the quarter, compared to analysts’ expectations of $2.98 billion. Cintas had a return on equity of 42.57% and a net margin of 17.82%. The company’s revenue for the quarter was up 10.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.20 earnings per share. Cintas has set its FY 2027 guidance at 5.450-5.540 EPS. As a group, research analysts expect that Cintas Corporation will post 5.52 EPS for the current year.

Cintas Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Friday, August 14th were issued a $0.52 dividend. The ex-dividend date of this dividend was Friday, August 14th. 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%. Cintas’s dividend payout ratio is currently 41.03%.

Cintas Profile

Cintas Corporation (NASDAQ: CTAS) provides workplace services to businesses and organizations across North America. The company’s primary business is uniform rental and facility services, including the design, rental, cleaning and delivery of uniforms, work apparel and related garments.

Its offerings also include restroom and hygiene services, floor-care products, mats, towels, and other facility supplies. Through its First Aid & Safety segment, Cintas provides first-aid products, safety equipment and training.