UNIVEST FINANCIAL Corp Purchases Shares of 3,788 Cintas Corporation $CTAS

UNIVEST FINANCIAL Corp acquired a new position in shares of Cintas Corporation (NASDAQ:CTAS) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 3,788 shares of the business services provider’s stock, valued at approximately $644,000.

Several other large investors have also modified their holdings of the stock. Nemes Rush Group LLC acquired a new stake in Cintas during the 4th quarter worth $25,000. First United Bank & Trust purchased a new stake in Cintas in the first quarter valued at $25,000. Whipplewood Advisors LLC boosted its stake in Cintas by 1,712.5% in the first quarter. Whipplewood Advisors LLC now owns 145 shares of the business services provider’s stock valued at $25,000 after acquiring an additional 137 shares in the last quarter. Swiss RE Ltd. acquired a new position in Cintas in the fourth quarter valued at $25,000. Finally, Camelot Portfolios LLC purchased a new position in shares of Cintas during the fourth quarter worth about $26,000. Institutional investors and hedge funds own 63.46% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on CTAS shares. Wells Fargo & Company reiterated an “overweight” rating and set a $250.00 target price (up from $245.00) on shares of Cintas in a research report on Thursday, July 16th. Argus raised Cintas to a “strong-buy” rating in a research report on Friday, July 17th. UBS Group restated a “buy” rating and set a $230.00 price target (up from $228.00) on shares of Cintas in a research note on Thursday, July 16th. Weiss Ratings raised Cintas from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, July 10th. Finally, Bank of America raised Cintas from a “neutral” rating to a “buy” rating and increased their price objective for the company from $200.00 to $230.00 in a report on Thursday, July 16th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Cintas has a consensus rating of “Moderate Buy” and an average target price of $212.31.

Cintas Trading Down 0.9%

NASDAQ CTAS opened at $197.82 on Tuesday. The firm’s fifty day moving average is $189.33 and its two-hundred day moving average is $184.70. Cintas Corporation has a one year low of $161.16 and a one year high of $219.87. 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 firm has a market cap of $79.16 billion, a PE ratio of 52.89, a P/E/G ratio of 3.22 and a beta of 0.91.

Cintas (NASDAQ:CTAS) last announced its earnings results on Wednesday, July 15th. The business services provider reported $1.29 earnings per share for the quarter, topping the consensus estimate of $1.24 by $0.05. Cintas had a net margin of 17.75% and a return on equity of 42.05%. The business had revenue of $2.91 billion during the quarter, compared to the consensus estimate of $2.87 billion. During the same quarter in the prior year, the firm earned $1.09 earnings per share. The business’s quarterly 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. Analysts expect that Cintas Corporation will post 5.49 earnings per share for the current year.

Cintas Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Friday, August 14th will be given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Friday, August 14th. This is a positive change from Cintas’s previous quarterly dividend of $0.45. Cintas’s payout ratio is 55.61%.

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.