Sawyer & Company Inc Makes New Investment in Cintas Corporation $CTAS

Sawyer & Company Inc bought a new position in Cintas Corporation (NASDAQ:CTAS) in the 3rd quarter, HoldingsChannel reports. The fund bought 16,073 shares of the business services provider’s stock, valued at approximately $3,135,000. Cintas makes up 1.1% of Sawyer & Company Inc’s portfolio, making the stock its 29th biggest holding.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Sowell Financial Services LLC purchased a new position in shares of Cintas during the third quarter valued at $217,000. 365 WMG Private Fund I Primus Fund LLC purchased a new stake in Cintas in the 3rd quarter worth about $630,000. Quadrant Capital Group LLC lifted its stake in Cintas by 0.5% in the 3rd quarter. Quadrant Capital Group LLC now owns 22,751 shares of the business services provider’s stock worth $4,695,000 after acquiring an additional 117 shares in the last quarter. Cushing Capital Partners LLC boosted its position in Cintas by 3.9% during the 3rd quarter. Cushing Capital Partners LLC now owns 4,551 shares of the business services provider’s stock worth $888,000 after acquiring an additional 170 shares during the period. Finally, Pinnacle Associates Ltd. boosted its position in Cintas by 4.7% during the 3rd quarter. Pinnacle Associates Ltd. now owns 1,462 shares of the business services provider’s stock worth $285,000 after acquiring an additional 65 shares during the period. Institutional investors and hedge funds own 63.46% of the company’s stock.

Wall Street Analyst Weigh In

CTAS has been the topic of several research analyst reports. Jefferies Financial Group lifted their target price on Cintas from $200.00 to $210.00 and gave the company a “hold” rating in a research note on Thursday, July 16th. UBS Group reissued a “buy” rating and issued a $235.00 price target (up from $230.00) on shares of Cintas in a research report on Thursday, September 24th. Argus increased their price target on shares of Cintas from $230.00 to $240.00 and gave the stock a “buy” rating in a research report on Tuesday, September 29th. Sanford C. Bernstein restated a “market perform” rating on shares of Cintas in a report on Thursday, September 10th. Finally, Wells Fargo & Company reaffirmed an “overweight” rating and set a $250.00 price objective (up from $245.00) on shares of Cintas in a research report on Thursday, July 16th. Ten research 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. Based on data from MarketBeat.com, Cintas presently has a consensus rating of “Moderate Buy” and an average target price of $218.50.

Cintas Stock Up 1.3%

Shares of NASDAQ CTAS traded up $2.80 during mid-day trading on Wednesday, reaching $219.83. The company had a trading volume of 714,838 shares, compared to its average volume of 2,103,312. 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 twelve month low of $161.16 and a twelve month high of $220.55. The stock’s 50 day moving average is $201.42 and its 200-day moving average is $187.99. The stock has a market capitalization of $87.29 billion, a PE ratio of 43.35, a price-to-earnings-growth ratio of 3.37 and a beta of 0.92.

Cintas (NASDAQ:CTAS) last released its quarterly earnings data on Wednesday, September 23rd. The business services provider reported $1.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.35 by $0.04. The firm 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 business’s revenue for the quarter was up 10.9% on a year-over-year basis. During the same quarter last year, the firm earned $1.20 earnings per share. Cintas has set its FY 2027 guidance at 5.450-5.540 EPS. As a group, equities analysts anticipate that Cintas Corporation will post 5.53 earnings per share for the current fiscal year.

Cintas Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Friday, August 14th were paid a dividend of $0.52 per share. This is a boost from Cintas’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend was Friday, August 14th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.9%. Cintas’s dividend payout ratio (DPR) is 41.03%.

About Cintas

Cintas Corporation provides workplace products and services to businesses and other organizations, primarily in the United States and Canada. The company is best known for designing, supplying, laundering and maintaining uniforms, workwear and related apparel for employees across a range of industries.

Its offerings also include facility services such as entrance mats, restroom supplies, hygiene products, janitorial supplies and document management. Through its first aid and safety business, Cintas provides first-aid products, safety training and related workplace solutions.