3,478 Shares in Cintas Corporation $CTAS Purchased by PCM Encore LLC

PCM Encore LLC acquired a new stake in shares of Cintas Corporation (NASDAQ:CTAS) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 3,478 shares of the business services provider’s stock, valued at approximately $591,000.

Several other large investors also recently modified their holdings of CTAS. Brighton Jones LLC grew its position in Cintas by 9.3% in the fourth quarter. Brighton Jones LLC now owns 1,268 shares of the business services provider’s stock valued at $232,000 after acquiring an additional 108 shares during the period. Sivia Capital Partners LLC boosted its stake in shares of Cintas by 42.3% in the 2nd quarter. Sivia Capital Partners LLC now owns 1,441 shares of the business services provider’s stock valued at $321,000 after purchasing an additional 428 shares in the last quarter. Gamco Investors INC. ET AL bought a new stake in shares of Cintas in the 2nd quarter worth about $625,000. Treasurer of the State of North Carolina increased its position in shares of Cintas by 20.3% during the 2nd quarter. Treasurer of the State of North Carolina now owns 212,192 shares of the business services provider’s stock worth $47,291,000 after purchasing an additional 35,781 shares in the last quarter. Finally, Ieq Capital LLC lifted its holdings in Cintas by 50.2% during the 2nd quarter. Ieq Capital LLC now owns 92,924 shares of the business services provider’s stock valued at $20,710,000 after purchasing an additional 31,068 shares during the last quarter. 63.46% of the stock is currently owned by institutional investors.

Cintas Price Performance

Shares of CTAS stock opened at $203.52 on Friday. Cintas Corporation has a 1 year low of $161.16 and a 1 year high of $219.16. The company has a current ratio of 1.43, a quick ratio of 1.27 and a debt-to-equity ratio of 0.28. The firm’s 50 day moving average is $190.61 and its 200-day moving average is $184.95. The firm has a market capitalization of $81.44 billion, a price-to-earnings ratio of 54.42, a PEG ratio of 3.28 and a beta of 0.92.

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

Cintas Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Friday, August 14th will be paid a $0.52 dividend. This is an increase 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 annualized dividend and a dividend yield of 1.0%. Cintas’s payout ratio is 55.61%.

Analyst Ratings Changes

Several brokerages have weighed in on CTAS. The Goldman Sachs Group reaffirmed a “buy” rating and set a $231.00 price objective on shares of Cintas in a research note on Wednesday, July 15th. Robert W. Baird boosted their target price on Cintas from $200.00 to $214.00 and gave the stock an “outperform” rating in a report on Thursday, July 16th. Wells Fargo & Company restated an “overweight” rating and set a $250.00 price target (up from $245.00) on shares of Cintas in a research report on Thursday, July 16th. Bank of America upgraded Cintas from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $200.00 to $230.00 in a research report on Thursday, July 16th. Finally, Weiss Ratings raised Cintas from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, July 10th. One 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 company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $212.31.

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.