Stoneridge Investment Partners LLC Buys Shares of 3,041 Cintas Corporation $CTAS

Stoneridge Investment Partners LLC purchased a new stake in shares of Cintas Corporation (NASDAQ:CTAS) in the second quarter, HoldingsChannel.com reports. The fund purchased 3,041 shares of the business services provider’s stock, valued at approximately $622,000.

Other institutional investors have also modified their holdings of the company. Nemes Rush Group LLC purchased a new position in Cintas in the 4th quarter valued at approximately $25,000. Swiss RE Ltd. purchased a new stake in Cintas during the fourth quarter worth $25,000. Kemnay Advisory Services Inc. purchased a new stake in Cintas during the fourth quarter worth $26,000. Triumph Capital Management purchased a new stake in Cintas during the third quarter worth $29,000. Finally, Camelot Portfolios LLC acquired a new stake in Cintas in the fourth quarter valued at $26,000. Hedge funds and other institutional investors own 63.46% of the company’s stock.

Analyst Ratings Changes

CTAS has been the subject of a number of research analyst reports. Royal Bank Of Canada restated a “sector perform” rating and issued a $206.00 price target on shares of Cintas in a research report on Thursday, July 16th. The Goldman Sachs Group reiterated a “buy” rating and issued a $231.00 price objective on shares of Cintas in a research report on Wednesday, July 15th. Wells Fargo & Company reissued an “overweight” rating and issued a $250.00 price objective (up from $245.00) on shares of Cintas in a research note on Thursday, July 16th. Argus raised shares of Cintas to a “strong-buy” rating in a research note on Friday, July 17th. Finally, Bank of America upgraded shares of Cintas from a “neutral” rating to a “buy” rating and raised their target price for the company from $200.00 to $230.00 in a report on Thursday, July 16th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Cintas has an average rating of “Moderate Buy” and a consensus price target of $212.31.

Cintas Price Performance

CTAS stock opened at $199.52 on Friday. Cintas Corporation has a 1 year low of $161.16 and a 1 year high of $221.36. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.27 and a current ratio of 1.43. The stock’s 50 day moving average price is $188.85 and its 200 day moving average price is $184.71. The firm has a market cap of $79.84 billion, a P/E ratio of 53.35, a PEG ratio of 3.22 and a beta of 0.92.

Cintas (NASDAQ:CTAS) last announced its earnings results on Wednesday, July 15th. The business services provider reported $1.29 EPS for the quarter, beating analysts’ consensus estimates of $1.24 by $0.05. The firm had revenue of $2.91 billion for the quarter, compared to analysts’ expectations of $2.87 billion. Cintas had a return on equity of 42.05% and a net margin of 17.75%.Cintas’s quarterly revenue was up 8.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.09 EPS. Cintas has set its FY 2027 guidance at 5.360-5.500 EPS. On average, sell-side analysts expect that Cintas Corporation will post 5.49 earnings per share for the current fiscal year.

Cintas Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Friday, August 14th will be given a $0.52 dividend. This is an increase from Cintas’s previous quarterly dividend of $0.45. This represents a $2.08 annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Friday, August 14th. Cintas’s dividend payout ratio (DPR) is currently 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.