Abbot Financial Management Inc. Invests $952,000 in Cintas Corporation $CTAS

Key Points

• Abbot Financial Management acquired 5,600 Cintas shares worth approximately $952,000 during the second quarter. Institutional investors own 63.46% of the company.
• Cintas exceeded quarterly expectations, reporting $1.29 in EPS and $2.91 billion in revenue, with revenue rising 8.9% year over year. Analysts expect roughly $5.49 in current-year EPS.
• Cintas increased its quarterly dividend from $0.45 to $0.52 per share, representing a $2.08 annualized payout and a 1.0% yield. Wall Street maintains a “Moderate Buy” consensus with an average price target of $212.31.

Abbot Financial Management Inc. bought a new position in shares of Cintas Corporation (NASDAQ:CTAS - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 5,600 shares of the business services provider's stock, valued at approximately $952,000.

Several other hedge funds also recently made changes to their positions in the business. Nemes Rush Group LLC acquired a new stake in Cintas during the fourth quarter worth about $25,000. First United Bank & Trust acquired a new stake in shares of Cintas during the 1st quarter worth approximately $25,000. Whipplewood Advisors LLC boosted its position in shares of Cintas by 1,712.5% during the 1st quarter. Whipplewood Advisors LLC now owns 145 shares of the business services provider's stock worth $25,000 after acquiring an additional 137 shares in the last quarter. Swiss RE Ltd. bought a new position in Cintas in the fourth quarter valued at approximately $25,000. Finally, Camelot Portfolios LLC bought a new position in Cintas in the fourth quarter valued at approximately $26,000. 63.46% of the stock is owned by institutional investors.

Cintas Stock Performance

Cintas stock opened at $199.52 on Monday. The business has a 50 day moving average of $188.85 and a 200-day moving average of $184.65. The company has a market capitalization of $79.84 billion, a P/E ratio of 53.35, a P/E/G ratio of 3.22 and a beta of 0.91. Cintas Corporation has a 1 year low of $161.16 and a 1 year high of $221.36. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.43 and a quick ratio of 1.27.

Cintas (NASDAQ:CTAS - Get Free Report) last issued its quarterly earnings results on Wednesday, July 15th. The business services provider reported $1.29 EPS for the quarter, topping 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 for the quarter, compared to analyst estimates of $2.87 billion. During the same quarter in the previous year, the business earned $1.09 earnings per share. Cintas's 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. On average, 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 declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Friday, August 14th will be paid a $0.52 dividend. The ex-dividend date of this dividend is Friday, August 14th. This is a positive change from Cintas's previous quarterly dividend of $0.45. This represents a $2.08 annualized dividend and a dividend yield of 1.0%. Cintas's payout ratio is currently 55.61%.

Wall Street Analyst Weigh In

CTAS has been the topic of several research analyst reports. Royal Bank Of Canada reaffirmed a "sector perform" rating and issued a $206.00 price objective on shares of Cintas in a research note on Thursday, July 16th. Robert W. Baird raised their price target on shares of Cintas from $200.00 to $214.00 and gave the company an "outperform" rating in a research note on Thursday, July 16th. UBS Group reaffirmed a "buy" rating and set a $230.00 price target (up from $228.00) on shares of Cintas in a report on Thursday, July 16th. Argus upgraded shares of Cintas to a "strong-buy" rating in a research report on Friday, July 17th. Finally, Truist Financial dropped their price objective on shares of Cintas from $255.00 to $225.00 and set a "buy" rating for the company in a research note on Monday, June 15th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $212.31.

About Cintas

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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