RB Capital Management LLC Acquires Shares of 11,482 Cintas Corporation $CTAS

RB Capital Management LLC bought a new position in Cintas Corporation (NASDAQ:CTAS) during the second quarter, HoldingsChannel reports. The firm bought 11,482 shares of the business services provider’s stock, valued at approximately $1,953,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in CTAS. One Capital Management LLC lifted its position in Cintas by 0.9% in the 4th quarter. One Capital Management LLC now owns 6,160 shares of the business services provider’s stock valued at $1,159,000 after acquiring an additional 53 shares in the last quarter. Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of 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 valued at $1,236,000 after purchasing an additional 58 shares in the last quarter. Sachetta LLC lifted its holdings in shares of Cintas by 46.0% in the first quarter. Sachetta LLC now owns 200 shares of the business services provider’s stock valued at $34,000 after purchasing an additional 63 shares in the last quarter. Ausdal Financial Partners Inc. boosted its position in shares of Cintas by 2.8% during the second quarter. Ausdal Financial Partners Inc. now owns 2,287 shares of the business services provider’s stock valued at $510,000 after buying an additional 63 shares during the last quarter. Finally, Elyxium Wealth LLC boosted its position in shares of Cintas by 4.9% during the fourth quarter. Elyxium Wealth LLC now owns 1,368 shares of the business services provider’s stock valued at $257,000 after buying an additional 64 shares during the last quarter. Institutional investors and hedge funds own 63.46% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Bank of America raised Cintas from a “neutral” rating to a “buy” rating and increased their price target for the company from $200.00 to $230.00 in a research report on Thursday, July 16th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $206.00 target price on shares of Cintas in a research note on Thursday, July 16th. Truist Financial lowered their target price on shares of Cintas from $255.00 to $225.00 and set a “buy” rating for the company in a report on Monday, June 15th. UBS Group reissued a “buy” rating and set a $230.00 price target (up from $228.00) on shares of Cintas in a research report on Thursday, July 16th. Finally, Weiss Ratings upgraded shares of Cintas from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, July 10th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $212.31.

Cintas Stock Up 0.0%

CTAS stock opened at $204.18 on Friday. The stock has a market cap of $81.71 billion, a P/E ratio of 54.59, a P/E/G ratio of 3.30 and a beta of 0.92. 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’s fifty day simple moving average is $194.43 and its two-hundred day simple moving average is $185.51. Cintas Corporation has a 1-year low of $161.16 and a 1-year high of $219.16.

Cintas (NASDAQ:CTAS) last announced its earnings results on Wednesday, July 15th. The business services provider reported $1.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.24 by $0.05. The firm had revenue of $2.91 billion during the quarter, compared to analyst estimates of $2.87 billion. Cintas had a return on equity of 42.05% and a net margin of 17.75%.The business’s revenue was up 8.9% compared to the same quarter last year. 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. Analysts expect 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. Stockholders of record on Friday, August 14th will be given a dividend of $0.52 per share. The ex-dividend date of this dividend is Friday, August 14th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.0%. This is an increase from Cintas’s previous quarterly dividend of $0.45. Cintas’s payout ratio is currently 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.