48,969 Shares in Cintas Corporation $CTAS Bought by Sanders Morris Harris LLC

Key Points

• Sanders Morris Harris LLC acquired 48,969 Cintas shares worth approximately $9.55 million in the third quarter, making Cintas 1.3% of its portfolio. Institutional investors collectively own 63.46% of the company.
• Cintas exceeded quarterly expectations with earnings of $1.39 per share versus the $1.35 consensus, while revenue rose 10.9% year over year to $3.01 billion. The company issued fiscal 2027 EPS guidance of $5.45–$5.54.
• Cintas raised its quarterly dividend to $0.52 per share, equivalent to a $2.08 annualized payout and a 1.0% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $218.50.

Sanders Morris Harris LLC purchased a new position in Cintas Corporation (NASDAQ:CTAS - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 48,969 shares of the business services provider's stock, valued at approximately $9,552,000. Cintas comprises about 1.3% of Sanders Morris Harris LLC's portfolio, making the stock its 18th largest position.

Other hedge funds also recently bought and sold shares of the company. First United Bank & Trust purchased a new position in shares of Cintas during the first quarter valued at about $25,000. Whipplewood Advisors LLC grew its stake in Cintas by 1,712.5% in the first quarter. Whipplewood Advisors LLC now owns 145 shares of the business services provider's stock worth $25,000 after purchasing an additional 137 shares during the period. Meeder Asset Management Inc. bought a new stake in shares of Cintas during the 2nd quarter valued at $27,000. Archer Investment Corp bought a new stake in Cintas during the first quarter worth about $32,000. Finally, Highland Investment Advisors LLC bought a new stake in shares of Cintas in the 2nd quarter worth approximately $32,000. Hedge funds and other institutional investors own 63.46% of the company's stock.

Cintas Price Performance

CTAS traded up $2.25 during trading on Wednesday, reaching $208.63. 2,234,933 shares of the company traded hands, compared to its average volume of 2,121,160. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.29 and a current ratio of 1.45. The firm has a fifty day simple moving average of $200.42 and a 200 day simple moving average of $186.44. Cintas Corporation has a 12-month low of $161.16 and a 12-month high of $219.16. The company has a market cap of $82.84 billion, a P/E ratio of 41.15, a PEG ratio of 3.26 and a beta of 0.92.

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

Cintas Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Friday, August 14th were issued a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 1.0%. The ex-dividend date was Friday, August 14th. This is a positive change from Cintas's previous quarterly dividend of $0.45. Cintas's payout ratio is currently 41.03%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on CTAS shares. Royal Bank Of Canada restated a "sector perform" rating and set a $206.00 price objective on shares of Cintas in a research note on Thursday, September 24th. Weiss Ratings upgraded shares of Cintas from a "buy (b-)" rating to a "buy (b)" rating in a research note on Friday. The Goldman Sachs Group increased their price target on Cintas from $231.00 to $239.00 and gave the company a "buy" rating in a report on Thursday, September 24th. Truist Financial raised their target price on Cintas from $225.00 to $230.00 and gave the stock a "buy" rating in a research report on Thursday, September 24th. Finally, Wells Fargo & Company restated an "overweight" rating and set a $250.00 price target (up from $245.00) on shares of Cintas in a research note on Thursday, July 16th. Ten research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $218.50.

Cintas Company Profile

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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