OneDigital Investment Advisors LLC Acquires New Stake in Cintas Corporation $CTAS

OneDigital Investment Advisors LLC purchased a new stake in shares of Cintas Corporation (NASDAQ:CTAS) in the second quarter, according to its most recent disclosure with the SEC. The firm purchased 3,589 shares of the business services provider’s stock, valued at approximately $610,000.

Several other hedge funds also recently modified their holdings of the company. Brighton Jones LLC boosted its holdings in shares of Cintas by 9.3% in the fourth quarter. Brighton Jones LLC now owns 1,268 shares of the business services provider’s stock worth $232,000 after buying an additional 108 shares during the period. Sivia Capital Partners LLC raised its holdings in shares of Cintas by 42.3% during the second quarter. Sivia Capital Partners LLC now owns 1,441 shares of the business services provider’s stock valued at $321,000 after acquiring an additional 428 shares during the period. Gamco Investors INC. ET AL purchased a new stake in shares of Cintas in the 2nd quarter valued at approximately $625,000. Treasurer of the State of North Carolina lifted 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 valued at $47,291,000 after acquiring an additional 35,781 shares in the last quarter. Finally, Ieq Capital LLC boosted its stake in 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 period. 63.46% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CTAS has been the topic of several research analyst reports. Royal Bank Of Canada reiterated a “sector perform” rating and set a $206.00 price objective on shares of Cintas in a research report on Thursday, July 16th. Argus upgraded Cintas to a “strong-buy” rating in a report on Friday, July 17th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $231.00 target price on shares of Cintas in a research report on Wednesday, July 15th. 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 stock from $200.00 to $230.00 in a research note 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 stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $212.31.

Cintas Stock Performance

Shares of CTAS opened at $199.45 on Wednesday. The company has a market capitalization of $79.81 billion, a PE ratio of 53.33, a PEG ratio of 3.22 and a beta of 0.91. 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 company’s 50 day moving average price is $189.72 and its 200 day moving average price is $184.77. Cintas Corporation has a 52 week low of $161.16 and a 52 week high of $219.87.

Cintas (NASDAQ:CTAS) last released its 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. The company had revenue of $2.91 billion during the quarter, compared to the consensus estimate of $2.87 billion. Cintas had a net margin of 17.75% and a return on equity of 42.05%. The company’s revenue was up 8.9% compared to the same quarter last year. 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. Research analysts expect that Cintas Corporation will post 5.49 EPS for the current fiscal year.

Cintas Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Friday, August 14th will be paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.0%. This is a boost from Cintas’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Friday, August 14th. Cintas’s dividend payout ratio (DPR) is currently 55.61%.

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.