Sandro Wealth Management LLC Buys Shares of 11,395 Cintas Corporation $CTAS

Sandro Wealth Management LLC purchased a new position in shares of Cintas Corporation (NASDAQ:CTAS) in the second quarter, Holdings Channel.com reports. The institutional investor purchased 11,395 shares of the business services provider’s stock, valued at approximately $1,938,000. Cintas makes up approximately 1.4% of Sandro Wealth Management LLC’s holdings, making the stock its 24th biggest position.

A number of other hedge funds and other institutional investors have also made changes to their positions in CTAS. Brighton Jones LLC boosted its stake in Cintas by 9.3% during the 4th quarter. Brighton Jones LLC now owns 1,268 shares of the business services provider’s stock valued at $232,000 after acquiring an additional 108 shares during the last quarter. Sivia Capital Partners LLC grew its holdings in Cintas by 42.3% during the 2nd quarter. Sivia Capital Partners LLC now owns 1,441 shares of the business services provider’s stock worth $321,000 after acquiring an additional 428 shares in the last quarter. Gamco Investors INC. ET AL bought a new stake in shares of Cintas in the 2nd quarter worth about $625,000. Treasurer of the State of North Carolina increased its position in shares of Cintas by 20.3% in the 2nd quarter. Treasurer of the State of North Carolina now owns 212,192 shares of the business services provider’s stock worth $47,291,000 after purchasing an additional 35,781 shares during the last quarter. Finally, Ieq Capital LLC increased its position in shares of Cintas by 50.2% in the 2nd quarter. Ieq Capital LLC now owns 92,924 shares of the business services provider’s stock worth $20,710,000 after purchasing an additional 31,068 shares during the last quarter. Institutional investors own 63.46% of the company’s stock.

Cintas Stock Down 0.6%

CTAS stock opened at $199.52 on Friday. The firm has a market cap of $79.84 billion, a price-to-earnings ratio of 53.35, a PEG ratio of 3.22 and a beta of 0.92. Cintas Corporation has a 1-year low of $161.16 and a 1-year high of $221.36. The firm has a fifty day moving average price of $188.85 and a two-hundred day moving average price of $184.71. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.43 and a quick ratio of 1.27.

Cintas (NASDAQ:CTAS) last posted its quarterly earnings results on Wednesday, July 15th. The business services provider reported $1.29 earnings per share (EPS) 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 for the quarter, compared to the consensus estimate of $2.87 billion. During the same period last year, the firm posted $1.09 EPS. The company’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. Research analysts predict that Cintas Corporation will post 5.49 EPS for the current 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 issued 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 of this dividend is Friday, August 14th. Cintas’s dividend payout ratio is 48.13%.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Argus raised shares of Cintas to a “strong-buy” rating in a research report on Friday, July 17th. Weiss Ratings upgraded Cintas from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, July 10th. Bank of America raised Cintas from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $200.00 to $230.00 in a report on Thursday, July 16th. Royal Bank Of Canada restated a “sector perform” rating and set a $206.00 price objective on shares of Cintas in a research note on Thursday, July 16th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and set a $231.00 target price on shares of Cintas in a report on Wednesday, July 15th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $212.31.

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.