Cintas Corporation $CTAS Shares Acquired by Mather Group LLC.

Mather Group LLC. grew its position in Cintas Corporation (NASDAQ:CTAS) by 78.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,993 shares of the business services provider’s stock after purchasing an additional 3,519 shares during the period. Mather Group LLC.’s holdings in Cintas were worth $1,559,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Columbus Macro LLC raised its holdings in Cintas by 1.0% in the third quarter. Columbus Macro LLC now owns 36,208 shares of the business services provider’s stock valued at $7,063,000 after buying an additional 372 shares during the period. Triumph Capital Management lifted its position in Cintas by 107.3% during the third quarter. Triumph Capital Management now owns 313 shares of the business services provider’s stock valued at $61,000 after buying an additional 162 shares in the last quarter. Sanders Morris Harris LLC purchased a new stake in Cintas during the third quarter worth approximately $9,552,000. First Citizens Bank & Trust Co. grew its stake in Cintas by 217.5% during the third quarter. First Citizens Bank & Trust Co. now owns 22,494 shares of the business services provider’s stock worth $4,388,000 after buying an additional 15,410 shares during the period. Finally, Focus Financial Network Inc. grew its stake in Cintas by 168.5% during the third quarter. Focus Financial Network Inc. now owns 3,735 shares of the business services provider’s stock worth $729,000 after buying an additional 2,344 shares during the period. Hedge funds and other institutional investors own 63.46% of the company’s stock.

Analyst Upgrades and Downgrades

CTAS has been the subject of several recent research reports. Sanford C. Bernstein reissued a “market perform” rating on shares of Cintas in a research report on Thursday, September 10th. Argus raised their target price on shares of Cintas from $230.00 to $240.00 and gave the company a “buy” rating in a research note on Tuesday, September 29th. UBS Group restated a “buy” rating and set a $235.00 target price (up from $230.00) on shares of Cintas in a report on Thursday, September 24th. The Goldman Sachs Group upped their price target on shares of Cintas from $231.00 to $239.00 and gave the stock a “buy” rating in a research report on Thursday, September 24th. Finally, Truist Financial upped their price target on shares of Cintas from $225.00 to $230.00 and gave the stock a “buy” rating in a research report on Thursday, September 24th. Ten investment analysts have rated the stock with 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 a consensus target price of $218.50.

Cintas Stock Up 0.3%

Shares of CTAS stock traded up $0.63 during trading hours on Friday, reaching $213.69. The company had a trading volume of 1,822,045 shares, compared to its average volume of 2,015,325. The company has a market capitalization of $84.85 billion, a P/E ratio of 42.15, a price-to-earnings-growth ratio of 3.39 and a beta of 0.92. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.29 and a current ratio of 1.45. Cintas Corporation has a twelve month low of $161.16 and a twelve month high of $219.16. The stock’s fifty day simple moving average is $200.99 and its 200 day simple moving average is $187.24.

Cintas (NASDAQ:CTAS) last released its quarterly earnings results on Wednesday, September 23rd. The business services provider reported $1.39 EPS for the quarter, topping the consensus estimate of $1.35 by $0.04. The firm had revenue of $3.01 billion for the quarter, compared to analyst estimates of $2.98 billion. Cintas had a return on equity of 42.57% and a net margin of 17.82%. Cintas’s revenue for the quarter was up 10.9% on a year-over-year basis. During the same period in the previous year, the company posted $1.20 EPS. Cintas has set its FY 2027 guidance at 5.450-5.540 EPS. As a group, sell-side analysts expect that Cintas Corporation will post 5.52 earnings per share for the current fiscal year.

Cintas Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Friday, August 14th were given a dividend of $0.52 per share. The ex-dividend date of this dividend was Friday, August 14th. This is an increase from Cintas’s previous quarterly dividend of $0.45. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.0%. Cintas’s dividend payout ratio is presently 41.03%.

Cintas Company Profile

Cintas Corporation (NASDAQ: CTAS) provides workplace services to businesses and organizations across North America. The company’s primary business is uniform rental and facility services, including the design, rental, cleaning and delivery of uniforms, work apparel and related garments.

Its offerings also include restroom and hygiene services, floor-care products, mats, towels, and other facility supplies. Through its First Aid & Safety segment, Cintas provides first-aid products, safety equipment and training.