PensionDanmark Pensionsforsikringsaktieselskab Grows Position in Cintas Corporation $CTAS

PensionDanmark Pensionsforsikringsaktieselskab increased its holdings in shares of Cintas Corporation (NASDAQ:CTAS) by 8.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 69,891 shares of the business services provider’s stock after purchasing an additional 5,592 shares during the quarter. PensionDanmark Pensionsforsikringsaktieselskab’s holdings in Cintas were worth $11,887,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Assenagon Asset Management S.A. lifted its position in Cintas by 18.6% in the second quarter. Assenagon Asset Management S.A. now owns 1,217,603 shares of the business services provider’s stock valued at $207,090,000 after buying an additional 191,018 shares during the last quarter. Baron Wealth Management LLC increased its position in shares of Cintas by 27.3% during the second quarter. Baron Wealth Management LLC now owns 2,739 shares of the business services provider’s stock valued at $466,000 after acquiring an additional 588 shares during the last quarter. jvl associates llc raised its stake in shares of Cintas by 9.9% in the 2nd quarter. jvl associates llc now owns 4,474 shares of the business services provider’s stock valued at $761,000 after acquiring an additional 404 shares during the period. CX Institutional raised its stake in shares of Cintas by 51.2% in the 2nd quarter. CX Institutional now owns 2,891 shares of the business services provider’s stock valued at $492,000 after acquiring an additional 979 shares during the period. Finally, First Financial Bank Trust Division acquired a new position in shares of Cintas in the 2nd quarter worth approximately $282,000. 63.46% of the stock is currently owned by hedge funds and other institutional investors.

Cintas Price Performance

CTAS stock opened at $203.05 on Friday. The business’s 50-day moving average is $186.23 and its two-hundred day moving average is $184.43. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.43 and a quick ratio of 1.27. The firm has a market capitalization of $81.25 billion, a P/E ratio of 54.29, a P/E/G ratio of 3.26 and a beta of 0.92. Cintas Corporation has a 1 year low of $161.16 and a 1 year high of $226.75.

Cintas (NASDAQ:CTAS) last announced its quarterly earnings data on Wednesday, July 15th. The business services provider reported $1.29 EPS 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 during the quarter, compared to the consensus estimate of $2.87 billion. During the same period in the previous year, the company posted $1.09 earnings per share. The business’s revenue for the quarter was up 8.9% on a year-over-year basis. Cintas has set its FY 2027 guidance at 5.360-5.500 EPS. Analysts anticipate that Cintas Corporation will post 5.49 earnings per share for the current fiscal year.

Cintas Increases Dividend

The company 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. 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 yield of 1.0%. The ex-dividend date is Friday, August 14th. Cintas’s payout ratio is presently 48.13%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on CTAS shares. Robert W. Baird increased their price objective on shares of Cintas from $200.00 to $214.00 and gave the stock an “outperform” rating in a research report on Thursday, July 16th. Weiss Ratings upgraded Cintas from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, July 10th. Argus upgraded Cintas to a “strong-buy” rating in a research report on Friday, July 17th. Bank of America upgraded Cintas from a “neutral” rating to a “buy” rating and raised their price target for the stock from $200.00 to $230.00 in a research report on Thursday, July 16th. Finally, UBS Group reaffirmed a “buy” rating and issued a $230.00 price objective (up from $228.00) on shares of Cintas in a research note on Thursday, July 16th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $212.31.

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.