Evolve Private Wealth LLC Buys New Position in Cintas Corporation $CTAS

Evolve Private Wealth LLC bought a new stake in shares of Cintas Corporation (NASDAQ:CTAS) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 3,973 shares of the business services provider’s stock, valued at approximately $676,000.

Several other institutional investors have also added to or reduced their stakes in the business. One Capital Management LLC lifted its position in Cintas by 0.9% during the fourth quarter. One Capital Management LLC now owns 6,160 shares of the business services provider’s stock valued at $1,159,000 after purchasing an additional 53 shares in the last quarter. Whittier Trust Co. of Nevada Inc. increased its position in Cintas by 0.8% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 7,198 shares of the business services provider’s stock worth $1,236,000 after buying an additional 58 shares in the last quarter. Sachetta LLC increased its position in Cintas by 46.0% in the first quarter. Sachetta LLC now owns 200 shares of the business services provider’s stock worth $34,000 after buying an additional 63 shares in the last quarter. Ausdal Financial Partners Inc. raised its stake in shares of Cintas by 2.8% in the second quarter. Ausdal Financial Partners Inc. now owns 2,287 shares of the business services provider’s stock worth $510,000 after buying an additional 63 shares during the period. Finally, Elyxium Wealth LLC raised its stake in shares of Cintas by 4.9% in the fourth quarter. Elyxium Wealth LLC now owns 1,368 shares of the business services provider’s stock worth $257,000 after buying an additional 64 shares during the period. 63.46% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently issued reports on CTAS shares. UBS Group reiterated a “buy” rating and set a $230.00 price objective (up from $228.00) on shares of Cintas in a research note on Thursday, July 16th. Truist Financial decreased their target price on shares of Cintas from $255.00 to $225.00 and set a “buy” rating on the stock in a research note on Monday, June 15th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $206.00 price target on shares of Cintas in a research report on Thursday, July 16th. 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 note on Thursday, July 16th. Finally, Argus upgraded shares of Cintas to a “strong-buy” rating in a research report on Friday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Cintas has a consensus rating of “Moderate Buy” and an average target price of $212.31.

Cintas Stock Up 1.8%

NASDAQ CTAS opened at $207.40 on Tuesday. Cintas Corporation has a 12 month low of $161.16 and a 12 month high of $219.16. 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 stock has a market cap of $83.00 billion, a PE ratio of 55.45, a P/E/G ratio of 3.29 and a beta of 0.92. The stock’s 50 day moving average is $191.81 and its 200 day moving average is $185.16.

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

Cintas Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Friday, August 14th will be issued a $0.52 dividend. The ex-dividend date is Friday, August 14th. This represents a $2.08 dividend on an annualized basis and a yield of 1.0%. This is an increase from Cintas’s previous quarterly dividend of $0.45. Cintas’s payout ratio is presently 55.61%.

Cintas Company 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.