Polaris Financial Partners Acquires 4,689 Shares of Cintas Corporation $CTAS

Polaris Financial Partners bought a new stake in shares of Cintas Corporation (NASDAQ:CTAS) during the third quarter, HoldingsChannel.com reports. The institutional investor bought 4,689 shares of the business services provider’s stock, valued at approximately $884,000.

Several other hedge funds also recently bought and sold shares of CTAS. BlackRock Inc. purchased a new stake in Cintas in the 2nd quarter worth $4,520,425,000. Bank of New York Mellon Corp bought a new position in shares of Cintas in the second quarter worth about $644,334,000. Goldman Sachs Group Inc. boosted its stake in shares of Cintas by 2.1% in the fourth quarter. Goldman Sachs Group Inc. now owns 2,438,568 shares of the business services provider’s stock worth $458,622,000 after acquiring an additional 50,838 shares during the period. Amundi grew its position in shares of Cintas by 6.3% during the first quarter. Amundi now owns 2,402,362 shares of the business services provider’s stock worth $406,336,000 after purchasing an additional 142,576 shares in the last quarter. Finally, Legal & General Group Plc purchased a new stake in shares of Cintas during the second quarter worth about $386,159,000. Institutional investors own 63.46% of the company’s stock.

Cintas Price Performance

Shares of NASDAQ CTAS traded down $2.58 during midday trading on Friday, reaching $193.02. 1,862,705 shares of the stock traded hands, compared to its average volume of 2,146,786. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.45 and a quick ratio of 1.29. The stock has a market capitalization of $77.34 billion, a PE ratio of 38.07, a P/E/G ratio of 3.10 and a beta of 0.92. 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 $201.83 and its 200 day moving average is $185.54.

Cintas (NASDAQ:CTAS) last announced its quarterly earnings results on Wednesday, September 23rd. The business services provider reported $1.39 earnings per share for the quarter, topping the consensus estimate of $1.35 by $0.04. The company had revenue of $3.01 billion for the quarter, compared to analysts’ expectations of $2.98 billion. Cintas had a net margin of 17.82% and a return on equity of 42.57%. Cintas’s quarterly revenue was up 10.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.20 earnings per share. Cintas has set its FY 2027 guidance at 5.450-5.540 EPS. On average, equities research analysts anticipate that Cintas Corporation will post 5.52 earnings per share for the current year.

Cintas Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Friday, August 14th were issued a $0.52 dividend. This is a boost from Cintas’s previous quarterly dividend of $0.45. The ex-dividend date was Friday, August 14th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.1%. Cintas’s payout ratio is presently 41.03%.

Analyst Upgrades and Downgrades

CTAS has been the topic of a number of research analyst reports. Sanford C. Bernstein reissued a “market perform” rating on shares of Cintas in a report on Thursday, September 10th. Weiss Ratings raised shares of Cintas from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, September 11th. 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 report on Thursday, July 16th. Argus boosted their target price on shares of Cintas from $230.00 to $240.00 and gave the stock a “buy” rating in a report on Tuesday. Finally, Bank of America upgraded shares of Cintas from a “neutral” rating to a “buy” rating and upped their target price for the stock from $200.00 to $230.00 in a research report on Thursday, July 16th. Eight equities research analysts have rated the stock with a Buy rating, five 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 a consensus rating of “Moderate Buy” and an average price target of $216.08.

Cintas Profile

Cintas Corporation (NASDAQ: CTAS) provides workplace services to businesses and organizations across North America. The company’s primary business is uniform rental and facility services, including the design, rental, cleaning and delivery of uniforms, work apparel and related garments.

Its offerings also include restroom and hygiene services, floor-care products, mats, towels, and other facility supplies. Through its First Aid & Safety segment, Cintas provides first-aid products, safety equipment and training.