Cintas Corporation $CTAS Stock Position Boosted by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. boosted its holdings in shares of Cintas Corporation (NASDAQ:CTAS) by 74.0% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 53,050 shares of the business services provider’s stock after acquiring an additional 22,553 shares during the quarter. Jefferies Financial Group Inc.’s holdings in Cintas were worth $10,348,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. BlackRock Inc. purchased a new stake in shares of Cintas during the second quarter valued at $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. Amundi grew its holdings in shares of Cintas by 6.3% in 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 during the last quarter. Legal & General Group Plc purchased a new position in Cintas in the 2nd quarter worth about $386,159,000. Finally, Arrowstreet Capital Limited Partnership increased its stake in Cintas by 34.8% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,040,757 shares of the business services provider’s stock worth $345,174,000 after buying an additional 526,299 shares during the period. Institutional investors own 63.46% of the company’s stock.

Cintas Stock Performance

Shares of Cintas stock opened at $227.26 on Thursday. The firm has a market cap of $90.24 billion, a P/E ratio of 44.82, a P/E/G ratio of 3.57 and a beta of 0.86. The company has a current ratio of 1.45, a quick ratio of 1.29 and a debt-to-equity ratio of 0.27. Cintas Corporation has a 12 month low of $161.16 and a 12 month high of $233.46. The stock’s fifty day moving average price is $207.85 and its 200-day moving average price is $191.75.

Cintas (NASDAQ:CTAS) last released its quarterly earnings data on Wednesday, September 23rd. The business services provider reported $1.39 earnings per share for the quarter, beating the consensus estimate of $1.35 by $0.04. Cintas had a return on equity of 42.57% and a net margin of 17.82%. The firm had revenue of $3.01 billion during the quarter, compared to the consensus estimate of $2.98 billion. During the same period in the previous year, the company posted $1.20 earnings per share. The firm’s quarterly revenue was up 10.9% on a year-over-year basis. Cintas has set its FY 2027 guidance at 5.450-5.540 EPS. On average, equities research analysts expect that Cintas Corporation will post 5.53 earnings per share for the current fiscal year.

Cintas Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Friday, November 13th will be given a dividend of $0.52 per share. The ex-dividend date of this dividend is Friday, November 13th. This represents a $2.08 dividend on an annualized basis and a yield of 0.9%. Cintas’s dividend payout ratio (DPR) is 41.03%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Royal Bank Of Canada reiterated a “sector perform” rating and set a $206.00 price objective on shares of Cintas in a report on Thursday, September 24th. Citigroup lifted their price target on shares of Cintas from $180.00 to $181.00 and gave the company a “sell” rating in a research note on Wednesday, September 30th. Truist Financial boosted their price target on Cintas from $225.00 to $230.00 and gave the company a “buy” rating in a report on Thursday, September 24th. The Goldman Sachs Group increased their price objective on Cintas from $231.00 to $239.00 and gave the stock a “buy” rating in a research note on Thursday, September 24th. Finally, Rothschild & Co Redburn increased their price objective on Cintas from $184.00 to $198.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 28th. Ten investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $219.87.

Cintas Company Profile

Cintas Corporation provides workplace products and services to businesses, primarily in North America. Its offerings include uniform rental and sales, workwear, and related services such as laundering and maintaining uniforms. The company also supplies facility services, including restroom and floor products, and provides first aid and safety products and services. Its fire protection business offers services such as inspecting and maintaining fire extinguishers and other safety equipment. Cintas traces its roots to Acme Industrial Laundry, a family business established in 1929.