KMG Fiduciary Partners LLC Reduces Stake in Cintas Corporation $CTAS

KMG Fiduciary Partners LLC cut its holdings in shares of Cintas Corporation (NASDAQ:CTAS) by 65.6% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 8,923 shares of the business services provider’s stock after selling 16,995 shares during the period. KMG Fiduciary Partners LLC’s holdings in Cintas were worth $1,518,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CTAS. Nemes Rush Group LLC purchased a new position in shares of Cintas during the fourth quarter valued at about $25,000. Swiss RE Ltd. purchased a new position in shares of Cintas during the 4th quarter worth approximately $25,000. First United Bank & Trust bought a new position in shares of Cintas in the 1st quarter worth approximately $25,000. Whipplewood Advisors LLC raised its position in shares of Cintas by 1,712.5% in the 1st quarter. Whipplewood Advisors LLC now owns 145 shares of the business services provider’s stock worth $25,000 after acquiring an additional 137 shares in the last quarter. Finally, Camelot Portfolios LLC purchased a new position in shares of Cintas in the 4th quarter valued at approximately $26,000. Hedge funds and other institutional investors own 63.46% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on CTAS shares. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $250.00 price target (up from $245.00) on shares of Cintas in a research note on Thursday, July 16th. Royal Bank Of Canada reissued a “sector perform” rating and set a $206.00 price objective on shares of Cintas in a research report on Thursday, July 16th. Bank of America upgraded shares of Cintas from a “neutral” rating to a “buy” rating and boosted their target price for the company from $200.00 to $230.00 in a report on Thursday, July 16th. UBS Group reaffirmed a “buy” rating and issued a $230.00 target price (up from $228.00) on shares of Cintas in a research report on Thursday, July 16th. Finally, Robert W. Baird increased their price target on shares of Cintas from $200.00 to $214.00 and gave the stock an “outperform” rating in a research note on Thursday, July 16th. One equities 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. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $212.31.

Cintas Price Performance

CTAS opened at $202.71 on Tuesday. 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 cap of $81.12 billion, a PE ratio of 54.20, a P/E/G ratio of 3.28 and a beta of 0.91. Cintas Corporation has a 1 year low of $161.16 and a 1 year high of $226.67. The stock has a 50-day moving average price of $186.83 and a 200-day moving average price of $184.41.

Cintas (NASDAQ:CTAS) last announced its quarterly earnings data 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 net margin of 17.75% and a return on equity of 42.05%. The company had revenue of $2.91 billion during the quarter, compared to analyst estimates of $2.87 billion. During the same period in the previous year, the business earned $1.09 EPS. The firm’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. Sell-side analysts predict that Cintas Corporation will post 5.49 earnings per share for the current fiscal year.

Cintas Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Friday, August 14th will be given a $0.52 dividend. This is a positive change from Cintas’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Friday, August 14th. This represents a $2.08 dividend on an annualized basis and a yield of 1.0%. Cintas’s payout ratio is presently 48.13%.

Cintas Company 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.