Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Cintas Corporation (NASDAQ:CTAS - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 339,014 shares of the business services provider's stock, valued at approximately $57,660,000. Connor Clark & Lunn Investment Management Ltd. owned about 0.08% of Cintas at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently modified their holdings of the business. Nemes Rush Group LLC purchased a new position in shares of Cintas during the 4th quarter worth approximately $25,000. Swiss RE Ltd. purchased a new stake in Cintas in the 4th quarter valued at approximately $25,000. Kemnay Advisory Services Inc. acquired a new stake in Cintas during the 4th quarter valued at $26,000. Triumph Capital Management acquired a new stake in Cintas during the 3rd quarter valued at $29,000. Finally, Camelot Portfolios LLC purchased a new position in Cintas during the fourth quarter worth $26,000. Hedge funds and other institutional investors own 63.46% of the company's stock.
Analyst Upgrades and Downgrades
A number of equities analysts have recently weighed in on CTAS shares. Weiss Ratings raised Cintas from a "hold (c)" rating to a "hold (c+)" rating in a report on Friday, July 10th. The Goldman Sachs Group reiterated a "buy" rating and set a $231.00 price objective on shares of Cintas in a research report on Wednesday, July 15th. Robert W. Baird upped their target price on shares of Cintas from $200.00 to $214.00 and gave the company an "outperform" rating in a report on Thursday, July 16th. Bank of America raised shares of Cintas from a "neutral" rating to a "buy" rating and raised their price target for the stock from $200.00 to $230.00 in a research note on Thursday, July 16th. Finally, Argus upgraded shares of Cintas to a "strong-buy" rating in a report on Friday, July 17th. 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 company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $212.31.
View Our Latest Stock Analysis on CTAS
Cintas Price Performance
CTAS stock opened at $203.79 on Monday. Cintas Corporation has a 52-week low of $161.16 and a 52-week high of $219.16. The stock's fifty day simple moving average is $191.16 and its 200-day simple moving average is $185.04. 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 stock has a market capitalization of $81.55 billion, a price-to-earnings ratio of 54.49, a price-to-earnings-growth ratio of 3.29 and a beta of 0.91.
Cintas (NASDAQ:CTAS - Get Free Report) last released its earnings results on Wednesday, July 15th. The business services provider reported $1.29 EPS for the quarter, beating the consensus estimate of $1.24 by $0.05. The firm had revenue of $2.91 billion during 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%.The business's quarterly revenue was up 8.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.09 earnings per share. Cintas has set its FY 2027 guidance at 5.360-5.500 EPS. Equities research analysts expect that Cintas Corporation will post 5.49 EPS for the current year.
Cintas Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Friday, August 14th will be issued a $0.52 dividend. This is a positive change from Cintas's previous quarterly dividend of $0.45. The ex-dividend date is Friday, August 14th. This represents a $2.08 annualized dividend and a yield of 1.0%. Cintas's dividend payout ratio (DPR) is presently 55.61%.
Cintas Profile
(
Free Report)
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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