Visionary Wealth Advisors Makes New $1.50 Million Investment in Cintas Corporation $CTAS

Visionary Wealth Advisors purchased a new stake in shares of Cintas Corporation (NASDAQ:CTAS) during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund purchased 8,788 shares of the business services provider’s stock, valued at approximately $1,495,000.

Other hedge funds have also modified their holdings of the company. Nemes Rush Group LLC acquired a new stake in shares of Cintas during the fourth quarter worth about $25,000. First United Bank & Trust purchased a new stake in Cintas in the first quarter valued at approximately $25,000. Whipplewood Advisors LLC increased its holdings in Cintas by 1,712.5% in the 1st quarter. Whipplewood Advisors LLC now owns 145 shares of the business services provider’s stock worth $25,000 after buying an additional 137 shares during the period. Swiss RE Ltd. acquired a new position in Cintas in the 4th quarter worth approximately $25,000. Finally, Camelot Portfolios LLC purchased a new position in Cintas during the 4th quarter worth approximately $26,000. 63.46% of the stock is owned by institutional investors and hedge funds.

Cintas Price Performance

Shares of NASDAQ CTAS opened at $207.40 on Tuesday. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.43 and a quick ratio of 1.27. The stock has a market capitalization of $83.00 billion, a price-to-earnings ratio of 55.45, a PEG ratio of 3.29 and a beta of 0.92. The firm’s 50 day simple moving average is $191.81 and its 200-day simple moving average is $185.16. Cintas Corporation has a 12 month low of $161.16 and a 12 month high of $219.16.

Cintas (NASDAQ:CTAS) last posted its earnings results on Wednesday, July 15th. The business services provider reported $1.29 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts’ expectations of $2.87 billion. During the same period in the previous year, the business posted $1.09 EPS. The business’s 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. Analysts expect that Cintas Corporation will post 5.49 EPS for the current year.

Cintas Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Friday, August 14th will be given a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.0%. This is an increase from Cintas’s previous quarterly dividend of $0.45. The ex-dividend date is Friday, August 14th. Cintas’s payout ratio is currently 55.61%.

Analyst Ratings Changes

Several analysts have recently commented on CTAS shares. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $206.00 price objective on shares of Cintas in a report on Thursday, July 16th. Wells Fargo & Company restated an “overweight” rating and set a $250.00 target price (up from $245.00) on shares of Cintas in a research report on Thursday, July 16th. Weiss Ratings raised shares of Cintas from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, July 10th. Argus raised shares of Cintas to a “strong-buy” rating in a report on Friday, July 17th. Finally, Robert W. Baird lifted their price objective on Cintas from $200.00 to $214.00 and gave the company an “outperform” rating 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 given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target 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.