Groupama Asset Managment Raises Position in Cintas Corporation $CTAS

Groupama Asset Managment lifted its stake in Cintas Corporation (NASDAQ:CTAS) by 224.0% in the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 4,283 shares of the business services provider’s stock after purchasing an additional 2,961 shares during the quarter. Groupama Asset Managment’s holdings in Cintas were worth $724,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the stock. Norges Bank purchased a new position in Cintas during the fourth quarter worth $923,672,000. Two Sigma Investments LP lifted its holdings in shares of Cintas by 5,641.3% in the 3rd quarter. Two Sigma Investments LP now owns 1,016,671 shares of the business services provider’s stock worth $208,682,000 after acquiring an additional 998,963 shares during the last quarter. Voloridge Investment Management LLC lifted its holdings in shares of Cintas by 275.2% in the 3rd quarter. Voloridge Investment Management LLC now owns 1,123,237 shares of the business services provider’s stock worth $230,556,000 after acquiring an additional 823,885 shares during the last quarter. Freestone Grove Partners LP boosted its stake in shares of Cintas by 5,341.8% during the 3rd quarter. Freestone Grove Partners LP now owns 747,109 shares of the business services provider’s stock worth $153,352,000 after purchasing an additional 733,380 shares during the period. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in Cintas by 2,286.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 736,620 shares of the business services provider’s stock valued at $138,536,000 after purchasing an additional 705,751 shares during the last quarter. Institutional investors own 63.46% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on CTAS. Truist Financial reduced their price objective on shares of Cintas from $255.00 to $225.00 and set a “buy” rating on the stock in a research report on Monday, June 15th. Argus upgraded Cintas to a “strong-buy” rating in a report on Friday, July 17th. Bank of America raised Cintas from a “neutral” rating to a “buy” rating and raised their price target for the stock from $200.00 to $230.00 in a research note on Thursday, July 16th. Weiss Ratings upgraded Cintas from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, July 10th. Finally, UBS Group reiterated a “buy” rating and issued a $230.00 target price (up from $228.00) on shares of Cintas in a research note on Thursday, July 16th. One 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 issued a Sell rating to the stock. Based on data from MarketBeat.com, Cintas currently has a consensus rating of “Moderate Buy” and an average price target of $212.31.

Cintas Price Performance

Shares of CTAS stock opened at $204.63 on Monday. The company has a market capitalization of $81.89 billion, a P/E ratio of 54.71, a P/E/G ratio of 3.30 and a beta of 0.91. The company’s 50-day simple moving average is $183.11 and its two-hundred day simple moving average is $184.06. Cintas Corporation has a one year low of $161.16 and a one year high of $226.75. 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 (NASDAQ:CTAS) last announced its quarterly earnings results on Wednesday, July 15th. The business services provider reported $1.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.24 by $0.05. Cintas had a return on equity of 42.05% and a net margin of 17.75%.The firm had revenue of $2.91 billion during the quarter, compared to analyst estimates of $2.87 billion. During the same quarter in the previous year, the business earned $1.09 earnings per share. Cintas’s quarterly revenue was up 8.9% on a year-over-year basis. Cintas has set its FY 2027 guidance at 5.360-5.500 EPS. As a group, equities analysts anticipate that Cintas Corporation will post 5.49 EPS for the current year.

Cintas Increases Dividend

The company also recently announced 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 is a boost from Cintas’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Friday, August 14th. This represents a $2.08 dividend on an annualized basis and a yield of 1.0%. Cintas’s dividend payout ratio is presently 48.13%.

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.