21,792 Shares in Cintas Corporation $CTAS Acquired by GSA Capital Partners LLP

Key Points

• GSA Capital Partners acquired 21,792 Cintas shares worth approximately $3.7 million, while institutional investors and hedge funds collectively own 63.46% of the company.
• Analyst sentiment remains favorable, with Cintas holding a consensus rating of “Moderate Buy” and an average price target of $212.31; Bank of America upgraded the stock to “Buy.”
• Cintas exceeded quarterly expectations with $1.29 EPS and $2.91 billion in revenue, up 8.9% year over year, and raised its quarterly dividend from $0.45 to $0.52 per share.

GSA Capital Partners LLP bought a new position in shares of Cintas Corporation (NASDAQ:CTAS - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund 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 bought and sold shares of the stock. Brighton Jones LLC raised its holdings in shares of Cintas by 9.3% in the fourth quarter. Brighton Jones LLC now owns 1,268 shares of the business services provider's stock worth $232,000 after buying an additional 108 shares during the last quarter. Sivia Capital Partners LLC grew its holdings in shares of Cintas by 42.3% during the second quarter. Sivia Capital Partners LLC now owns 1,441 shares of the business services provider's stock valued at $321,000 after buying an additional 428 shares during the last quarter. Gamco Investors INC. ET AL acquired a new position in shares of Cintas in the 2nd quarter valued at $625,000. Treasurer of the State of North Carolina increased its position in shares of Cintas by 20.3% in the 2nd quarter. Treasurer of the State of North Carolina now owns 212,192 shares of the business services provider's stock valued at $47,291,000 after acquiring an additional 35,781 shares during the period. Finally, Ieq Capital LLC increased its position in shares of Cintas by 50.2% in the 2nd quarter. Ieq Capital LLC now owns 92,924 shares of the business services provider's stock valued at $20,710,000 after acquiring an additional 31,068 shares during the period. Institutional investors and hedge funds own 63.46% of the company's stock.

Analyst Upgrades and Downgrades

CTAS has been the subject of a number of research reports. The Goldman Sachs Group reaffirmed a "buy" rating and set a $231.00 price target on shares of Cintas in a research report on Wednesday, July 15th. Bank of America raised Cintas from a "neutral" rating to a "buy" rating and increased their price objective for the company from $200.00 to $230.00 in a report on Thursday, July 16th. Truist Financial reduced their price objective on Cintas from $255.00 to $225.00 and set a "buy" rating for the company in a research note on Monday, June 15th. Robert W. Baird lifted their target price on Cintas from $200.00 to $214.00 and gave the stock 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 report on Thursday, July 16th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $212.31.

Cintas Trading Down 0.6%

Shares of Cintas stock opened at $199.52 on Friday. 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 firm has a fifty day moving average price of $188.85 and a 200 day moving average price of $184.71. Cintas Corporation has a 1 year low of $161.16 and a 1 year high of $221.36. The stock has a market cap of $79.84 billion, a PE ratio of 53.35, a price-to-earnings-growth ratio of 3.22 and a beta of 0.92.

Cintas (NASDAQ:CTAS - Get Free Report) last posted its 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. Cintas had a net margin of 17.75% and a return on equity of 42.05%. The company had revenue of $2.91 billion during the quarter, compared to the consensus estimate of $2.87 billion. During the same period in the previous year, the firm posted $1.09 earnings per share. The firm's quarterly revenue was up 8.9% on a year-over-year basis. Cintas has set its FY 2027 guidance at 5.360-5.500 EPS. Equities research analysts predict that Cintas Corporation will post 5.49 earnings per share for the current year.

Cintas Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Friday, August 14th will be issued a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 1.0%. This is a positive change from Cintas's previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Friday, August 14th. Cintas's dividend payout ratio is 48.13%.

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.

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