Cintas Corporation $CTAS Shares Purchased by National Pension Service

National Pension Service boosted its stake in Cintas Corporation (NASDAQ:CTAS) by 0.8% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 903,248 shares of the business services provider’s stock after purchasing an additional 6,970 shares during the period. National Pension Service’s holdings in Cintas were worth $153,624,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Cidel Asset Management Inc. purchased a new position in shares of Cintas during the second quarter worth $208,000. Capital Analysts LLC raised its holdings in shares of Cintas by 228.4% in the 2nd quarter. Capital Analysts LLC now owns 1,790 shares of the business services provider’s stock valued at $304,000 after buying an additional 1,245 shares during the period. Pinnacle Wealth Management Advisory Group LLC lifted its stake in Cintas by 10.2% during the 2nd quarter. Pinnacle Wealth Management Advisory Group LLC now owns 1,334 shares of the business services provider’s stock worth $227,000 after acquiring an additional 123 shares in the last quarter. NewEdge Advisors LLC lifted its stake in Cintas by 23.9% during the 2nd quarter. NewEdge Advisors LLC now owns 13,726 shares of the business services provider’s stock worth $2,335,000 after acquiring an additional 2,647 shares in the last quarter. Finally, IFP Advisors Inc lifted its stake in Cintas by 20.5% during the 2nd quarter. IFP Advisors Inc now owns 14,287 shares of the business services provider’s stock worth $2,430,000 after acquiring an additional 2,435 shares in the last quarter. Hedge funds and other institutional investors own 63.46% of the company’s stock.

Cintas Trading Down 0.8%

CTAS opened at $198.44 on Friday. The business has a fifty day moving average price of $199.56 and a 200 day moving average price of $185.66. 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 12 month low of $161.16 and a 12 month high of $219.16. The stock has a market capitalization of $79.41 billion, a price-to-earnings ratio of 53.06, a PEG ratio of 3.23 and a beta of 0.91.

Cintas (NASDAQ:CTAS) last posted 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. The company had revenue of $2.91 billion for the quarter, compared to analyst estimates of $2.87 billion. Cintas had a return on equity of 42.05% and a net margin of 17.75%.Cintas’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same quarter last year, the company earned $1.09 EPS. Cintas has set its FY 2027 guidance at 5.360-5.500 EPS. Sell-side analysts expect that Cintas Corporation will post 5.49 earnings per share for the current fiscal year.

Cintas Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors 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. This represents a $2.08 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date is Friday, August 14th. Cintas’s payout ratio is presently 55.61%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Sanford C. Bernstein reaffirmed a “market perform” rating on shares of Cintas in a research report on Thursday. Wells Fargo & Company reissued 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. The Goldman Sachs Group reissued a “buy” rating and issued a $231.00 price objective on shares of Cintas in a research note on Wednesday, July 15th. Robert W. Baird lifted their price objective 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, Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $206.00 target price 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 assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $212.31.

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.