Vise Technologies Inc. Acquires Shares of 39,332 Cintas Corporation $CTAS

Vise Technologies Inc. bought a new position in Cintas Corporation (NASDAQ:CTAS) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 39,332 shares of the business services provider’s stock, valued at approximately $6,690,000.

A number of other institutional investors have also recently modified their holdings of CTAS. Nemes Rush Group LLC bought a new position in shares of Cintas during the fourth quarter valued at $25,000. First United Bank & Trust bought a new position in Cintas in the 1st quarter worth about $25,000. Whipplewood Advisors LLC boosted its stake in Cintas by 1,712.5% in the 1st quarter. Whipplewood Advisors LLC now owns 145 shares of the business services provider’s stock worth $25,000 after purchasing an additional 137 shares in the last quarter. Swiss RE Ltd. purchased a new stake in Cintas during the 4th quarter valued at about $25,000. Finally, Camelot Portfolios LLC purchased a new stake in Cintas during the 4th quarter valued at about $26,000. 63.46% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on CTAS shares. Robert W. Baird lifted their target price on shares of Cintas from $200.00 to $214.00 and gave the stock an “outperform” rating in a report on Thursday, July 16th. Argus upgraded shares of Cintas to a “strong-buy” rating in a report on Friday, July 17th. Royal Bank Of Canada reissued a “sector perform” rating and set a $206.00 price target on shares of Cintas in a research report on Thursday, July 16th. The Goldman Sachs Group restated a “buy” rating and issued a $231.00 price objective on shares of Cintas in a report on Wednesday, July 15th. Finally, UBS Group reaffirmed a “buy” rating and issued a $230.00 price objective (up from $228.00) on shares of Cintas in a research report on Thursday, July 16th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $212.31.

Cintas Price Performance

NASDAQ CTAS opened at $203.52 on Friday. Cintas Corporation has a one year low of $161.16 and a one year high of $219.16. The stock has a 50-day moving average of $190.61 and a 200 day moving average of $184.95. The company has a market capitalization of $81.44 billion, a price-to-earnings ratio of 54.42, a PEG ratio of 3.28 and a beta of 0.92. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.27 and a current ratio of 1.43.

Cintas (NASDAQ:CTAS) last issued its earnings results on Wednesday, July 15th. The business services provider reported $1.29 earnings per share for the quarter, topping 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 return on equity of 42.05% and a net margin of 17.75%.Cintas’s revenue was up 8.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.09 EPS. Cintas has set its FY 2027 guidance at 5.360-5.500 EPS. On average, sell-side analysts forecast that Cintas Corporation will post 5.49 EPS for the current year.

Cintas Increases Dividend

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

About Cintas

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.