GSA Capital Partners LLP Takes Position in Cintas Corporation $CTAS

GSA Capital Partners LLP bought a new stake in Cintas Corporation (NASDAQ:CTAS) in the 2nd quarter, HoldingsChannel.com reports. The firm bought 21,792 shares of the business services provider’s stock, valued at approximately $3,706,000.

A number of other hedge funds have also recently added to or reduced their stakes in CTAS. State Street Corp increased its holdings in Cintas by 1.4% in the fourth quarter. State Street Corp now owns 15,311,491 shares of the business services provider’s stock valued at $2,879,632,000 after buying an additional 210,477 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Cintas by 1.1% during the 4th quarter. Geode Capital Management LLC now owns 9,293,485 shares of the business services provider’s stock worth $1,746,453,000 after acquiring an additional 97,220 shares in the last quarter. Norges Bank purchased a new stake in shares of Cintas during the 4th quarter worth about $923,672,000. Morgan Stanley grew its position in shares of Cintas by 0.8% during the 4th quarter. Morgan Stanley now owns 4,393,116 shares of the business services provider’s stock valued at $826,214,000 after acquiring an additional 36,666 shares during the period. Finally, Price T Rowe Associates Inc. MD grew its position in shares of Cintas by 4.4% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,683,582 shares of the business services provider’s stock valued at $504,702,000 after acquiring an additional 112,622 shares during the period. 63.46% of the stock is owned by hedge funds and other institutional investors.

Cintas Stock Down 0.6%

CTAS stock opened at $199.52 on Friday. Cintas Corporation has a 52 week low of $161.16 and a 52 week high of $221.36. The company has a quick ratio of 1.27, a current ratio of 1.43 and a debt-to-equity ratio of 0.28. The firm has a 50-day simple moving average of $188.85 and a 200-day simple moving average of $184.71. The stock has a market capitalization of $79.84 billion, a P/E ratio of 53.35, a P/E/G ratio of 3.22 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 firm had revenue of $2.91 billion for the quarter, compared to analyst estimates of $2.87 billion. During the same period last year, the company posted $1.09 EPS. Cintas’s quarterly revenue was up 8.9% compared to the same quarter last year. Cintas has set its FY 2027 guidance at 5.360-5.500 EPS. Equities analysts forecast that Cintas Corporation will post 5.49 earnings per share for the current fiscal 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 issued a dividend of $0.52 per share. The ex-dividend date of this dividend is Friday, August 14th. 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 dividend yield of 1.0%. Cintas’s payout ratio is currently 48.13%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. Robert W. Baird upped their price target on Cintas from $200.00 to $214.00 and gave the stock an “outperform” rating in a report on Thursday, July 16th. UBS Group restated a “buy” rating and issued a $230.00 price objective (up from $228.00) on shares of Cintas in a research report on Thursday, July 16th. Weiss Ratings raised Cintas from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, July 10th. The Goldman Sachs Group reiterated a “buy” rating and set a $231.00 target price on shares of Cintas in a research report on Wednesday, July 15th. Finally, Wells Fargo & Company reissued an “overweight” rating and issued a $250.00 price target (up from $245.00) 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 assigned a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Cintas presently has an average rating of “Moderate Buy” and an average target price of $212.31.

Cintas Company Profile

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.