Dearborn Partners LLC Purchases New Shares in Cintas Corporation $CTAS

Dearborn Partners LLC purchased a new position in Cintas Corporation (NASDAQ:CTAS) during the 2nd quarter, HoldingsChannel.com reports. The fund purchased 108,220 shares of the business services provider’s stock, valued at approximately $18,406,000.

Other institutional investors have also added to or reduced their stakes in the company. Nemes Rush Group LLC bought a new stake in shares of Cintas during the 4th quarter valued at $25,000. Swiss RE Ltd. purchased a new stake in shares of Cintas in the 4th quarter worth about $25,000. First United Bank & Trust bought a new position in shares of Cintas in the 1st quarter worth about $25,000. Whipplewood Advisors LLC increased its stake in shares of Cintas by 1,712.5% in the 1st quarter. Whipplewood Advisors LLC now owns 145 shares of the business services provider’s stock worth $25,000 after acquiring an additional 137 shares in the last quarter. Finally, Kemnay Advisory Services Inc. purchased a new position in Cintas during the 4th quarter valued at about $26,000. Institutional investors own 63.46% of the company’s stock.

Cintas Stock Performance

Shares of CTAS stock opened at $204.15 on Friday. The company has a market capitalization of $81.69 billion, a price-to-earnings ratio of 54.59, a price-to-earnings-growth ratio of 3.32 and a beta of 0.92. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.27 and a current ratio of 1.43. Cintas Corporation has a one year low of $161.16 and a one year high of $219.16. The company’s 50-day moving average is $193.76 and its 200 day moving average is $185.38.

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

Cintas Increases Dividend

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

Analyst Upgrades and Downgrades

Several research firms recently commented on CTAS. Argus raised shares of Cintas to a “strong-buy” rating in a research note on Friday, July 17th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $231.00 target price on shares of Cintas in a research note on Wednesday, July 15th. Wells Fargo & Company reissued an “overweight” rating and issued a $250.00 price target (up from $245.00) on shares of Cintas in a research report on Thursday, July 16th. Truist Financial cut their price target on Cintas from $255.00 to $225.00 and set a “buy” rating on the stock in a research note on Monday, June 15th. Finally, Bank of America raised Cintas from a “neutral” rating to a “buy” rating and raised their price objective for the company from $200.00 to $230.00 in a research 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 issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Cintas has a consensus rating of “Moderate Buy” and a consensus price target of $212.31.

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.