8,405 Cintas Corporation $CTAS Shares Acquired by Snider Financial Group

Key Points

• Snider Financial Group increased its Cintas stake by 60.2% in the third quarter, acquiring 8,405 shares for a total of 22,366 shares valued at approximately $4.36 million. Institutional investors and hedge funds collectively own 63.46% of CTAS.
• Cintas exceeded quarterly earnings and revenue expectations, reporting $1.39 in EPS on $3.01 billion in revenue, with year-over-year revenue growth of 10.9%. The company also raised its quarterly dividend to $0.52 per share, yielding about 1.0% annually.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $218.50, compared with the stock’s reported price of $213.69.

Snider Financial Group lifted its holdings in shares of Cintas Corporation (NASDAQ:CTAS - Free Report) by 60.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 22,366 shares of the business services provider's stock after acquiring an additional 8,405 shares during the period. Cintas accounts for about 1.1% of Snider Financial Group's holdings, making the stock its 28th biggest position. Snider Financial Group's holdings in Cintas were worth $4,363,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of CTAS. First United Bank & Trust acquired a new stake in Cintas during the 1st quarter worth approximately $25,000. Whipplewood Advisors LLC increased its holdings in shares of Cintas by 1,712.5% in the first quarter. Whipplewood Advisors LLC now owns 145 shares of the business services provider's stock valued at $25,000 after purchasing an additional 137 shares during the period. Meeder Asset Management Inc. acquired a new position in shares of Cintas in the second quarter valued at approximately $27,000. Archer Investment Corp purchased a new stake in shares of Cintas during the first quarter worth approximately $32,000. Finally, Highland Investment Advisors LLC purchased a new stake in shares of Cintas during the second quarter worth approximately $32,000. 63.46% of the stock is currently owned by institutional investors and hedge funds.

Cintas Price Performance

Cintas stock traded up $0.63 during midday trading on Friday, reaching $213.69. The company's stock had a trading volume of 1,822,045 shares, compared to its average volume of 2,015,325. The firm has a market capitalization of $84.85 billion, a PE ratio of 42.15, a P/E/G ratio of 3.39 and a beta of 0.92. Cintas Corporation has a fifty-two week low of $161.16 and a fifty-two week high of $219.16. The stock's 50 day simple moving average is $200.99 and its 200 day simple moving average is $187.24. 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 posted its quarterly earnings results on Wednesday, September 23rd. The business services provider reported $1.39 earnings per share for the quarter, topping analysts' consensus estimates of $1.35 by $0.04. The business had revenue of $3.01 billion for the quarter, compared to analysts' expectations of $2.98 billion. Cintas had a net margin of 17.82% and a return on equity of 42.57%. The business's revenue for the quarter was up 10.9% on a year-over-year basis. During the same period in the prior year, the company posted $1.20 EPS. Cintas has set its FY 2027 guidance at 5.450-5.540 EPS. On average, equities research analysts forecast that Cintas Corporation will post 5.52 earnings per share for the current year.

Cintas Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Friday, August 14th were paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend was Friday, August 14th. This is an increase from Cintas's previous quarterly dividend of $0.45. Cintas's dividend payout ratio is currently 41.03%.

Wall Street Analyst Weigh In

CTAS has been the topic of a number of analyst reports. Sanford C. Bernstein reiterated a "market perform" rating on shares of Cintas in a research report on Thursday, September 10th. UBS Group restated a "buy" rating and set a $235.00 price objective (up from $230.00) on shares of Cintas in a research report on Thursday, September 24th. Royal Bank Of Canada restated a "sector perform" rating and issued a $206.00 target price on shares of Cintas in a research note on Thursday, September 24th. Wells Fargo & Company reiterated 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. Finally, Weiss Ratings upgraded shares of Cintas from a "buy (b-)" rating to a "buy (b)" rating in a research note on Friday, October 9th. Ten analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $218.50.

Cintas 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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