Cintas Corporation $CTAS Shares Newly Bought by Polaris Financial Partners

by · The Markets Daily

Polaris Financial Partners bought a new position in Cintas Corporation (NASDAQ:CTAS – Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 4,689 shares of the business services provider’s stock, valued at approximately $884,000.

A number of other institutional investors have also recently made changes to their positions in the company. QRG Capital Management Inc. lifted its holdings in shares of Cintas by 317.3% during the second quarter. QRG Capital Management Inc. now owns 240,253 shares of the business services provider’s stock valued at $40,862,000 after purchasing an additional 182,678 shares in the last quarter. Envestnet Portfolio Solutions Inc. raised its position in Cintas by 121.2% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 26,415 shares of the business services provider’s stock worth $4,493,000 after buying an additional 14,475 shares during the last quarter. Andra AP fonden raised its position in Cintas by 78.6% in the 2nd quarter. Andra AP fonden now owns 140,400 shares of the business services provider’s stock worth $23,879,000 after buying an additional 61,800 shares during the last quarter. Bullseye Investment Management LLC bought a new position in Cintas during the 2nd quarter valued at about $253,000. Finally, Tidal Investments LLC lifted its stake in Cintas by 16.3% during the 2nd quarter. Tidal Investments LLC now owns 62,579 shares of the business services provider’s stock valued at $10,643,000 after acquiring an additional 8,778 shares during the period. Hedge funds and other institutional investors own 63.46% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on CTAS shares. UBS Group reiterated a “buy” rating and issued a $235.00 price target (up from $230.00) on shares of Cintas in a research note on Thursday, September 24th. Royal Bank Of Canada restated a “sector perform” rating and set a $206.00 price objective on shares of Cintas in a research report on Thursday, September 24th. Robert W. Baird set a $222.00 target price on shares of Cintas and gave the stock an “outperform” rating in a report on Thursday, September 24th. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $250.00 target price (up from $245.00) on shares of Cintas in a research report on Thursday, July 16th. Finally, Sanford C. Bernstein reiterated a “market perform” rating on shares of Cintas in a research note on Thursday, September 10th. Eight analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $216.08.

Get Our Latest Report on CTAS

Cintas Stock Performance

Shares of Cintas stock traded down $2.58 on Friday, hitting $193.02. 1,862,705 shares of the company’s stock were exchanged, compared to its average volume of 2,146,786. Cintas Corporation has a 1 year low of $161.16 and a 1 year high of $219.16. The company has a 50-day simple moving average of $201.83 and a 200-day simple moving average of $185.54. The stock has a market capitalization of $77.34 billion, a PE ratio of 38.07, a PEG ratio of 3.10 and a beta of 0.92. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.29 and a current ratio of 1.45.

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

Cintas Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Friday, August 14th were issued a $0.52 dividend. The ex-dividend date of this dividend was Friday, August 14th. This represents a $2.08 annualized dividend and a yield of 1.1%. This is a positive change from Cintas’s previous quarterly dividend of $0.45. Cintas’s payout ratio is currently 41.03%.

Cintas Company Profile

(Free Report)

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.

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