Montchanin Asset Management LLC Invests $3.23 Million in Cintas Corporation $CTAS

Montchanin Asset Management LLC bought a new stake in shares of Cintas Corporation (NASDAQ:CTAS) during the 1st quarter, Holdings Channel.com reports. The institutional investor bought 19,093 shares of the business services provider’s stock, valued at approximately $3,229,000. Cintas makes up approximately 3.3% of Montchanin Asset Management LLC’s portfolio, making the stock its 9th biggest holding.

Several other institutional investors have also modified their holdings of the stock. Nemes Rush Group LLC purchased a new stake in Cintas during the 4th quarter valued at $25,000. Swiss RE Ltd. bought a new stake in Cintas in the fourth quarter worth $25,000. Kemnay Advisory Services Inc. purchased a new position in Cintas during the fourth quarter worth $26,000. Camelot Portfolios LLC purchased a new position in Cintas during the fourth quarter worth $26,000. Finally, Triumph Capital Management bought a new position in Cintas during the third quarter valued at $29,000. 63.46% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. UBS Group reissued a “buy” rating and issued a $230.00 target price (up from $228.00) on shares of Cintas in a research note on Thursday, July 16th. Bank of America raised shares of Cintas from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $200.00 to $230.00 in a research note on Thursday, July 16th. Royal Bank Of Canada reiterated a “sector perform” rating and set a $206.00 price target on shares of Cintas in a report on Thursday, July 16th. Argus raised shares of Cintas to a “strong-buy” rating in a research report on Friday, July 17th. Finally, The Goldman Sachs Group reissued a “buy” rating and issued a $231.00 price objective on shares of Cintas in a research report on Wednesday, July 15th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $212.31.

Cintas Stock Performance

Shares of Cintas stock opened at $204.63 on Friday. The stock’s fifty day moving average is $183.11 and its two-hundred day moving average is $184.12. The company has a market capitalization of $81.89 billion, a PE ratio of 54.71, a price-to-earnings-growth ratio of 3.34 and a beta of 0.94. The company has a quick ratio of 1.27, a current ratio of 1.43 and a debt-to-equity ratio of 0.28. Cintas Corporation has a 52 week low of $161.16 and a 52 week high of $226.75.

Cintas (NASDAQ:CTAS) last released 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. Cintas had a return on equity of 42.05% and a net margin of 17.75%.The business had revenue of $2.91 billion for the quarter, compared to analyst estimates of $2.87 billion. During the same quarter last year, the firm posted $1.09 earnings per share. The business’s 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. As a group, analysts expect that Cintas Corporation will post 5.49 earnings per share for the current year.

Cintas Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Friday, August 14th will be paid a $0.52 dividend. The ex-dividend date of this dividend is Friday, August 14th. This represents a $2.08 annualized dividend and a yield of 1.0%. This is a boost from Cintas’s previous quarterly dividend of $0.45. Cintas’s payout ratio is 48.13%.

Cintas Profile

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.