Cintas Corporation $CTAS Stake Increased by Kestra Advisory Services LLC

Kestra Advisory Services LLC increased its holdings in shares of Cintas Corporation (NASDAQ:CTAS) by 12.0% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 86,862 shares of the business services provider’s stock after purchasing an additional 9,285 shares during the quarter. Kestra Advisory Services LLC’s holdings in Cintas were worth $16,943,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. BlackRock Inc. acquired a new position in Cintas during the second quarter valued at approximately $4,520,425,000. Bank of New York Mellon Corp purchased a new position in shares of Cintas in the 2nd quarter valued at $644,334,000. Amundi raised its stake in shares of Cintas by 6.3% in the 1st quarter. Amundi now owns 2,402,362 shares of the business services provider’s stock valued at $406,336,000 after acquiring an additional 142,576 shares during the period. Legal & General Group Plc acquired a new position in shares of Cintas during the 2nd quarter valued at $386,159,000. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in shares of Cintas by 34.8% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,040,757 shares of the business services provider’s stock valued at $345,174,000 after acquiring an additional 526,299 shares in the last quarter. Institutional investors and hedge funds own 63.46% of the company’s stock.

Cintas Stock Performance

NASDAQ CTAS opened at $222.36 on Monday. Cintas Corporation has a one year low of $161.16 and a one year high of $233.46. The company has a 50-day simple moving average of $206.46 and a 200-day simple moving average of $191.28. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.29 and a current ratio of 1.45. The firm has a market capitalization of $88.29 billion, a PE ratio of 43.86, a price-to-earnings-growth ratio of 3.53 and a beta of 0.86.

Cintas (NASDAQ:CTAS) last released its quarterly earnings data on Wednesday, September 23rd. The business services provider reported $1.39 earnings per share for the quarter, topping the consensus estimate of $1.35 by $0.04. Cintas had a net margin of 17.82% and a return on equity of 42.57%. The firm had revenue of $3.01 billion for the quarter, compared to analyst estimates of $2.98 billion. During the same quarter in the prior year, the business earned $1.20 earnings per share. Cintas’s quarterly revenue was up 10.9% on a year-over-year basis. Cintas has set its FY 2027 guidance at 5.450-5.540 EPS. On average, equities analysts forecast that Cintas Corporation will post 5.53 earnings per share for the current year.

Cintas Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Friday, November 13th will be given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Friday, November 13th. Cintas’s dividend payout ratio is presently 41.03%.

Analyst Upgrades and Downgrades

CTAS has been the topic of a number of analyst reports. Truist Financial lifted their price objective on shares of Cintas from $225.00 to $230.00 and gave the company a “buy” rating in a research note on Thursday, September 24th. UBS Group reiterated a “buy” rating and issued a $235.00 price objective (up from $230.00) on shares of Cintas in a report on Thursday, September 24th. Wells Fargo & Company reissued an “overweight” rating and issued a $250.00 price objective (up from $245.00) on shares of Cintas in a research report on Thursday, July 16th. The Goldman Sachs Group raised their target price on Cintas from $231.00 to $239.00 and gave the company a “buy” rating in a research note on Thursday, September 24th. Finally, Argus lifted their target price on Cintas from $230.00 to $240.00 and gave the stock a “buy” rating in a research report on Tuesday, September 29th. Ten investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $218.62.

About Cintas

Cintas Corporation provides workplace products and services to businesses, primarily in North America. Its offerings include uniform rental and sales, workwear, and related services such as laundering and maintaining uniforms.

The company also supplies facility services, including restroom and floor products, and provides first aid and safety products and services. Its fire protection business offers services such as inspecting and maintaining fire extinguishers and other safety equipment.

Cintas traces its roots to Acme Industrial Laundry, a family business established in 1929.