Portfolio Design Labs LLC Makes New Investment in Cintas Corporation $CTAS

Portfolio Design Labs LLC purchased a new stake in shares of Cintas Corporation (NASDAQ:CTAS) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,873 shares of the business services provider’s stock, valued at approximately $1,169,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Nemes Rush Group LLC bought a new position in shares of Cintas in the fourth quarter worth about $25,000. First United Bank & Trust bought a new stake in Cintas during the 1st quarter valued at approximately $25,000. Whipplewood Advisors LLC boosted its stake in Cintas by 1,712.5% during the 1st quarter. Whipplewood Advisors LLC now owns 145 shares of the business services provider’s stock valued at $25,000 after purchasing an additional 137 shares during the period. Swiss RE Ltd. acquired a new stake in Cintas in the 4th quarter valued at approximately $25,000. Finally, Camelot Portfolios LLC acquired a new stake in Cintas in the 4th quarter valued at approximately $26,000. 63.46% of the stock is owned by institutional investors and hedge funds.

Cintas Price Performance

NASDAQ:CTAS opened at $203.52 on Friday. The company has a quick ratio of 1.27, a current ratio of 1.43 and a debt-to-equity ratio of 0.28. The firm has a market cap of $81.44 billion, a PE ratio of 54.42, a price-to-earnings-growth ratio of 3.28 and a beta of 0.92. Cintas Corporation has a 12 month low of $161.16 and a 12 month high of $219.16. The company’s 50-day moving average price is $190.61 and its two-hundred day moving average price is $184.95.

Cintas (NASDAQ:CTAS) last posted its quarterly earnings data 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. The company had revenue of $2.91 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter last year, the business posted $1.09 earnings per share. Cintas has set its FY 2027 guidance at 5.360-5.500 EPS. On average, equities analysts anticipate that Cintas Corporation will post 5.49 EPS for the current fiscal year.

Cintas Increases Dividend

The firm 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 $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 1.0%. The ex-dividend date is Friday, August 14th. This is a positive change from Cintas’s previous quarterly dividend of $0.45. Cintas’s dividend payout ratio is presently 55.61%.

Analysts Set New Price Targets

CTAS has been the subject of a number of research analyst reports. UBS Group reiterated a “buy” rating and set a $230.00 price target (up from $228.00) on shares of Cintas in a report on Thursday, July 16th. Robert W. Baird raised their price objective 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. Wells Fargo & Company reaffirmed 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 upgraded shares of Cintas to a “strong-buy” rating in a research note on Friday, July 17th. Finally, Truist Financial reduced their price target on shares of Cintas from $255.00 to $225.00 and set a “buy” rating for the company in a report on Monday, June 15th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target 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.