NEOS Investment Management LLC Has $50.13 Million Position in Cintas Corporation $CTAS

NEOS Investment Management LLC grew its holdings in shares of Cintas Corporation (NASDAQ:CTAS) by 8.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 294,774 shares of the business services provider’s stock after buying an additional 22,235 shares during the quarter. NEOS Investment Management LLC owned approximately 0.07% of Cintas worth $50,135,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of CTAS. Nemes Rush Group LLC bought a new stake in Cintas during the fourth quarter worth about $25,000. First United Bank & Trust acquired a new position in Cintas during the first quarter valued at approximately $25,000. Whipplewood Advisors LLC grew 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 purchasing an additional 137 shares in the last quarter. Swiss RE Ltd. bought a new position in Cintas in the fourth quarter valued at approximately $25,000. Finally, Kemnay Advisory Services Inc. acquired a new position in shares of Cintas during the 4th quarter worth approximately $26,000. 63.46% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CTAS has been the topic of a number of analyst reports. Wells Fargo & Company reiterated an “overweight” rating and set a $250.00 price objective (up from $245.00) on shares of Cintas in a research note on Thursday, July 16th. Royal Bank Of Canada reissued a “sector perform” rating and issued a $206.00 target price on shares of Cintas in a research note on Thursday, July 16th. Truist Financial lowered their target price on shares of Cintas from $255.00 to $225.00 and set a “buy” rating on the stock in a report on Monday, June 15th. Argus raised shares of Cintas to a “strong-buy” rating in a research report on Friday, July 17th. Finally, Bank of America upgraded shares of Cintas from a “neutral” rating to a “buy” rating and increased their price target for the company from $200.00 to $230.00 in a research note on Thursday, July 16th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Cintas has an average rating of “Moderate Buy” and an average target price of $212.31.

Cintas Price Performance

NASDAQ:CTAS opened at $201.05 on Friday. Cintas Corporation has a 12-month low of $161.16 and a 12-month high of $219.16. The firm has a market capitalization of $80.45 billion, a price-to-earnings ratio of 53.76, a P/E/G ratio of 3.20 and a beta of 0.91. The stock’s 50 day moving average price is $196.89 and its two-hundred day moving average price is $185.54. The company has a quick ratio of 1.27, a current ratio of 1.43 and a debt-to-equity ratio of 0.28.

Cintas (NASDAQ:CTAS) last issued its earnings results on Wednesday, July 15th. The business services provider reported $1.29 EPS 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 the consensus estimate of $2.87 billion. Cintas had a return on equity of 42.05% and a net margin of 17.75%.The firm’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 posted $1.09 EPS. Cintas has set its FY 2027 guidance at 5.360-5.500 EPS. On average, analysts anticipate 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 1.0%. This is a positive change 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 presently 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.