Jefferies Financial Group Inc. Acquires New Shares in Cintas Corporation $CTAS

Jefferies Financial Group Inc. bought a new stake in shares of Cintas Corporation (NASDAQ:CTAS) during the 2nd quarter, HoldingsChannel reports. The firm bought 30,497 shares of the business services provider’s stock, valued at approximately $5,187,000.

Several other hedge funds have also recently modified their holdings of CTAS. BlackRock Inc. bought a new stake in Cintas in the 2nd quarter worth about $4,520,425,000. State Street Corp lifted its stake in Cintas by 1.4% during the 4th quarter. State Street Corp now owns 15,311,491 shares of the business services provider’s stock valued at $2,879,632,000 after acquiring an additional 210,477 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Cintas by 1.1% during the 4th quarter. Geode Capital Management LLC now owns 9,293,485 shares of the business services provider’s stock valued at $1,746,453,000 after acquiring an additional 97,220 shares during the last quarter. Norges Bank purchased a new stake in shares of Cintas during the 4th quarter valued at about $923,672,000. Finally, Morgan Stanley grew its stake in shares of Cintas by 0.8% in the fourth quarter. Morgan Stanley now owns 4,393,116 shares of the business services provider’s stock worth $826,214,000 after acquiring an additional 36,666 shares during the period. Hedge funds and other institutional investors own 63.46% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Robert W. Baird raised 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. Bank of America raised Cintas from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $200.00 to $230.00 in a report on Thursday, July 16th. The Goldman Sachs Group reiterated a “buy” rating and set a $231.00 price objective on shares of Cintas in a research report on Wednesday, July 15th. Weiss Ratings raised Cintas from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, July 10th. Finally, Argus upgraded Cintas to a “strong-buy” rating in a research note on Friday, July 17th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $212.31.

Cintas Stock Up 0.0%

NASDAQ CTAS opened at $204.18 on Friday. Cintas Corporation has a 52 week low of $161.16 and a 52 week high of $219.16. The company has a quick ratio of 1.27, a current ratio of 1.43 and a debt-to-equity ratio of 0.28. The company has a market capitalization of $81.71 billion, a P/E ratio of 54.59, a price-to-earnings-growth ratio of 3.30 and a beta of 0.92. The stock’s 50-day moving average price is $194.43 and its 200-day moving average price is $185.51.

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

Cintas Increases Dividend

The firm 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 dividend of $0.52 per share. This is a boost from Cintas’s previous quarterly dividend of $0.45. This represents a $2.08 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Friday, August 14th. Cintas’s payout ratio is 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.