Cintas Corporation $CTAS Shares Acquired by Andra AP fonden

Andra AP fonden raised its position in Cintas Corporation (NASDAQ:CTAS) by 78.6% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 140,400 shares of the business services provider’s stock after purchasing an additional 61,800 shares during the period. Andra AP fonden’s holdings in Cintas were worth $23,879,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of CTAS. One Capital Management LLC boosted its position in Cintas by 0.9% during the fourth quarter. One Capital Management LLC now owns 6,160 shares of the business services provider’s stock worth $1,159,000 after acquiring an additional 53 shares during the last quarter. Rehmann Capital Advisory Group boosted its holdings in shares of Cintas by 1.6% during the second quarter. Rehmann Capital Advisory Group now owns 3,355 shares of the business services provider’s stock worth $580,000 after purchasing an additional 54 shares during the last quarter. Whittier Trust Co. of Nevada Inc. grew its position in shares of Cintas by 0.8% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 7,198 shares of the business services provider’s stock valued at $1,236,000 after purchasing an additional 58 shares during the period. Sachetta LLC grew its position in shares of Cintas by 46.0% in the first quarter. Sachetta LLC now owns 200 shares of the business services provider’s stock valued at $34,000 after purchasing an additional 63 shares during the period. Finally, Sumitomo Life Insurance Co. increased its stake in Cintas by 0.4% in the fourth quarter. Sumitomo Life Insurance Co. now owns 15,118 shares of the business services provider’s stock valued at $2,843,000 after purchasing an additional 64 shares during the last quarter. 63.46% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on CTAS. UBS Group reissued a “buy” rating and issued a $230.00 price target (up from $228.00) on shares of Cintas in a research note on Thursday, July 16th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $206.00 price objective on shares of Cintas in a research note on Thursday, July 16th. Sanford C. Bernstein reissued a “market perform” rating on shares of Cintas in a research report on Thursday, September 10th. Robert W. Baird raised their price target on shares of Cintas from $200.00 to $214.00 and gave the company an “outperform” rating in a report on Thursday, July 16th. Finally, Bank of America raised shares of Cintas from a “neutral” rating to a “buy” rating and lifted their price target for the company from $200.00 to $230.00 in a research report on Thursday, July 16th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Cintas presently has an average rating of “Moderate Buy” and an average target price of $213.85.

Cintas Stock Down 0.2%

NASDAQ CTAS traded down $0.48 on Tuesday, reaching $196.40. The company had a trading volume of 617,100 shares, compared to its average volume of 2,130,963. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.43 and a quick ratio of 1.27. Cintas Corporation has a 1 year low of $161.16 and a 1 year high of $219.16. The firm has a 50-day moving average of $202.17 and a 200-day moving average of $185.64. The firm has a market capitalization of $78.70 billion, a PE ratio of 52.58, a P/E/G ratio of 3.19 and a beta of 0.91.

Cintas (NASDAQ:CTAS) last posted its earnings results on Wednesday, July 15th. The business services provider reported $1.29 EPS for the quarter, topping analysts’ consensus estimates of $1.24 by $0.05. The business had revenue of $2.91 billion for 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 posted $1.09 earnings per share. Cintas has set its FY 2027 guidance at 5.360-5.500 EPS. On average, equities research analysts anticipate 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 was paid on Tuesday, September 15th. Shareholders of record on Friday, August 14th were given a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend was Friday, August 14th. This is an increase from Cintas’s previous quarterly dividend of $0.45. Cintas’s dividend payout ratio is currently 55.61%.

Cintas Company Profile

Cintas Corporation is a provider of workplace products and services for businesses across North America. The company helps organizations manage employee appearance, workplace cleanliness, safety, and compliance through a range of recurring service programs.

Its offerings include uniform rental and workwear, branded apparel, entrance mats, restroom supplies, and facility cleaning services. Cintas also provides first-aid and safety products, training, and fire protection services, including inspection and maintenance programs for fire extinguishers, sprinkler systems, alarms, and related equipment.

Headquartered in Mason, Ohio, Cintas traces its roots to a family-operated industrial laundry business established by Richard T.