5,442 Shares in Cintas Corporation $CTAS Bought by Csenge Advisory Group

Key Points

• Csenge Advisory Group bought 5,442 Cintas shares worth approximately $926,000 in the second quarter. Institutional investors collectively own 63.46% of CTAS.
• Analysts maintain a generally positive view, with Cintas carrying a consensus “Moderate Buy” rating and an average price target of $212.31. Several firms recently raised their ratings or price targets.
• Cintas exceeded quarterly expectations, reporting $1.29 in EPS and $2.91 billion in revenue, while revenue increased 8.9% year over year. The company also raised its quarterly dividend to $0.52 per share, implying a 1.0% annual yield.

Csenge Advisory Group purchased a new position in Cintas Corporation (NASDAQ:CTAS - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 5,442 shares of the business services provider's stock, valued at approximately $926,000.

Several other institutional investors have also added to or reduced their stakes in the business. One Capital Management LLC lifted its stake in shares of Cintas by 0.9% in the 4th quarter. One Capital Management LLC now owns 6,160 shares of the business services provider's stock valued at $1,159,000 after acquiring an additional 53 shares during the last quarter. Whittier Trust Co. of Nevada Inc. boosted its holdings in Cintas by 0.8% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 7,198 shares of the business services provider's stock valued at $1,236,000 after acquiring an additional 58 shares during the period. Sachetta LLC grew its position in Cintas by 46.0% during the 1st quarter. Sachetta LLC now owns 200 shares of the business services provider's stock worth $34,000 after acquiring an additional 63 shares during the last quarter. Ausdal Financial Partners Inc. grew its position in Cintas by 2.8% during the 2nd quarter. Ausdal Financial Partners Inc. now owns 2,287 shares of the business services provider's stock worth $510,000 after acquiring an additional 63 shares during the last quarter. Finally, Elyxium Wealth LLC increased its stake in Cintas by 4.9% in the 4th quarter. Elyxium Wealth LLC now owns 1,368 shares of the business services provider's stock worth $257,000 after purchasing an additional 64 shares during the period. 63.46% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have weighed in on CTAS shares. Weiss Ratings upgraded Cintas from a "hold (c)" rating to a "hold (c+)" rating in a research report on Friday, July 10th. Argus upgraded shares of Cintas to a "strong-buy" rating in a report on Friday, July 17th. 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 note on Thursday, July 16th. Robert W. Baird upped their price target on shares of Cintas from $200.00 to $214.00 and gave the company an "outperform" rating in a report on Thursday, July 16th. Finally, The Goldman Sachs Group reiterated a "buy" rating and set a $231.00 price target on shares of Cintas in a report on Wednesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $212.31.

Cintas Stock Up 1.8%

Shares of NASDAQ:CTAS opened at $203.08 on Thursday. Cintas Corporation has a 1 year low of $161.16 and a 1 year high of $219.87. The company has a market cap of $81.27 billion, a PE ratio of 54.30, a P/E/G ratio of 3.22 and a beta of 0.92. 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's 50-day moving average is $190.18 and its 200 day moving average is $184.86.

Cintas (NASDAQ:CTAS - Get Free Report) last released its quarterly earnings results on Wednesday, July 15th. The business services provider reported $1.29 EPS for the quarter, beating analysts' consensus estimates of $1.24 by $0.05. Cintas had a return on equity of 42.05% and a net margin of 17.75%.The business had revenue of $2.91 billion during the quarter, compared to analyst estimates of $2.87 billion. During the same quarter in the prior year, the company posted $1.09 EPS. Cintas's quarterly 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. Sell-side analysts anticipate that Cintas Corporation will post 5.49 EPS for the current year.

Cintas Increases Dividend

The firm 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 is a boost from Cintas's previous quarterly dividend of $0.45. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date is Friday, August 14th. Cintas's dividend payout ratio is currently 55.61%.

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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