Cintas Corporation $CTAS Shares Acquired by Inspire Investing LLC

Inspire Investing LLC increased its stake in Cintas Corporation (NASDAQ:CTAS) by 4.5% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 74,040 shares of the business services provider’s stock after acquiring an additional 3,155 shares during the period. Cintas comprises 0.6% of Inspire Investing LLC’s investment portfolio, making the stock its 20th biggest position. Inspire Investing LLC’s holdings in Cintas were worth $14,442,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. William Allan Corp boosted its position in Cintas by 0.5% in the 3rd quarter. William Allan Corp now owns 9,608 shares of the business services provider’s stock valued at $1,874,000 after buying an additional 48 shares during the last quarter. Rehmann Capital Advisory Group increased its stake in shares of Cintas by 1.6% in the 2nd quarter. Rehmann Capital Advisory Group now owns 3,355 shares of the business services provider’s stock valued at $580,000 after buying an additional 54 shares during the period. Whittier Trust Co. of Nevada Inc. increased its stake in shares of Cintas by 0.8% in the 1st 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 buying an additional 58 shares during the period. Sachetta LLC increased its stake in shares of Cintas by 46.0% in the 1st quarter. Sachetta LLC now owns 200 shares of the business services provider’s stock valued at $34,000 after buying an additional 63 shares during the period. Finally, Pinnacle Associates Ltd. raised its position in shares of Cintas by 4.7% during the third quarter. Pinnacle Associates Ltd. now owns 1,462 shares of the business services provider’s stock worth $285,000 after acquiring an additional 65 shares during the last quarter. Institutional investors and hedge funds own 63.46% of the company’s stock.

Analyst Upgrades and Downgrades

CTAS has been the topic of several research reports. Citigroup upped their price target on Cintas from $180.00 to $181.00 and gave the company a “sell” rating in a research note on Wednesday, September 30th. UBS Group reiterated a “buy” rating and issued a $235.00 price target (up from $230.00) on shares of Cintas in a report on Thursday, September 24th. Truist Financial lifted their price objective on Cintas from $225.00 to $230.00 and gave the stock a “buy” rating in a research report on Thursday, September 24th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $206.00 price objective on shares of Cintas in a research report on Thursday, September 24th. Finally, Wells Fargo & Company reissued an “overweight” rating and set a $250.00 price objective (up from $245.00) on shares of Cintas in a report on Thursday, July 16th. Ten research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $218.50.

Cintas Trading Up 0.0%

Shares of NASDAQ CTAS opened at $224.10 on Friday. Cintas Corporation has a fifty-two week low of $161.16 and a fifty-two week high of $225.79. The firm has a market capitalization of $88.99 billion, a P/E ratio of 44.20, a P/E/G ratio of 3.55 and a beta of 0.92. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.45 and a quick ratio of 1.29. The company’s 50 day simple moving average is $202.71 and its 200 day simple moving average is $188.91.

Cintas (NASDAQ:CTAS) last released its earnings results on Wednesday, September 23rd. The business services provider reported $1.39 EPS for the quarter, topping analysts’ consensus estimates of $1.35 by $0.04. The firm had revenue of $3.01 billion during the quarter, compared to analyst estimates of $2.98 billion. Cintas had a net margin of 17.82% and a return on equity of 42.57%. The business’s quarterly revenue was up 10.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.20 EPS. Cintas has set its FY 2027 guidance at 5.450-5.540 EPS. On average, analysts predict that Cintas Corporation will post 5.53 EPS for the current year.

Cintas Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Friday, August 14th were given a $0.52 dividend. The ex-dividend date was Friday, August 14th. This represents a $2.08 annualized dividend and a dividend yield of 0.9%. This is an increase from Cintas’s previous quarterly dividend of $0.45. Cintas’s dividend payout ratio is 41.03%.

Cintas Profile

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.