365 WMG Private Fund I Primus Fund LLC Buys New Shares in Cintas Corporation $CTAS

365 WMG Private Fund I Primus Fund LLC bought a new position in shares of Cintas Corporation (NASDAQ:CTAS) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 3,228 shares of the business services provider’s stock, valued at approximately $630,000.

Other hedge funds have also recently added to or reduced their stakes in the company. First United Bank & Trust bought a new position in shares of Cintas in the first quarter valued at $25,000. Whipplewood Advisors LLC lifted its position in shares of Cintas by 1,712.5% during the 1st quarter. Whipplewood Advisors LLC now owns 145 shares of the business services provider’s stock valued at $25,000 after acquiring an additional 137 shares during the last quarter. Meeder Asset Management Inc. bought a new stake in shares of Cintas during the 2nd quarter worth $27,000. Archer Investment Corp bought a new stake in shares of Cintas during the 1st quarter worth $32,000. Finally, Highland Investment Advisors LLC acquired a new position in shares of Cintas in the 2nd quarter valued at $32,000. Institutional investors and hedge funds own 63.46% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on CTAS. Sanford C. Bernstein restated a “market perform” rating on shares of Cintas in a research report on Thursday, September 10th. Royal Bank Of Canada restated a “sector perform” rating and issued a $206.00 target price on shares of Cintas in a report on Thursday, September 24th. Truist Financial raised their target price on Cintas from $225.00 to $230.00 and gave the stock a “buy” rating in a research report on Thursday, September 24th. The Goldman Sachs Group lifted their price target on Cintas from $231.00 to $239.00 and gave the company a “buy” rating in a report on Thursday, September 24th. Finally, Robert W. Baird set a $222.00 price target on Cintas and gave the company an “outperform” rating in a research report on Thursday, September 24th. Ten research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $218.50.

Cintas Trading Up 2.2%

Cintas stock opened at $217.03 on Wednesday. Cintas Corporation has a 12 month low of $161.16 and a 12 month high of $219.16. The company has a quick ratio of 1.29, a current ratio of 1.45 and a debt-to-equity ratio of 0.27. The stock has a market cap of $86.18 billion, a P/E ratio of 42.81, a P/E/G ratio of 3.37 and a beta of 0.92. The company’s fifty day simple moving average is $201.42 and its 200-day simple moving average is $187.99.

Cintas (NASDAQ:CTAS) last announced its quarterly earnings data on Wednesday, September 23rd. The business services provider reported $1.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.35 by $0.04. The business had revenue of $3.01 billion during 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 quarterly revenue was up 10.9% compared to the same quarter last year. During the same period last year, the company earned $1.20 earnings per share. Cintas has set its FY 2027 guidance at 5.450-5.540 EPS. As a group, sell-side analysts forecast that Cintas Corporation will post 5.53 EPS for the current fiscal year.

Cintas Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Friday, August 14th were issued a dividend of $0.52 per share. The ex-dividend date was 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 41.03%.

About Cintas

Cintas Corporation provides workplace products and services to businesses and other organizations, primarily in the United States and Canada. The company is best known for designing, supplying, laundering and maintaining uniforms, workwear and related apparel for employees across a range of industries.

Its offerings also include facility services such as entrance mats, restroom supplies, hygiene products, janitorial supplies and document management. Through its first aid and safety business, Cintas provides first-aid products, safety training and related workplace solutions.