B. Metzler seel. Sohn & Co. AG Acquires Shares of 54,510 Cintas Corporation $CTAS

B. Metzler seel. Sohn & Co. AG bought a new position in Cintas Corporation (NASDAQ:CTAS - Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 54,510 shares of the business services provider's stock, valued at approximately $9,271,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. BlackRock Inc. bought a new stake in shares of Cintas during the second quarter valued at approximately $4,520,425,000. State Street Corp grew its position in shares of Cintas by 1.4% during the 4th quarter. State Street Corp now owns 15,311,491 shares of the business services provider's stock worth $2,879,632,000 after buying an additional 210,477 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Cintas by 1.1% during the fourth quarter. Geode Capital Management LLC now owns 9,293,485 shares of the business services provider's stock valued at $1,746,453,000 after buying an additional 97,220 shares during the period. Norges Bank purchased a new position in shares of Cintas during the fourth quarter valued at $923,672,000. Finally, Morgan Stanley increased its stake in shares of Cintas by 0.8% during the fourth quarter. Morgan Stanley now owns 4,393,116 shares of the business services provider's stock valued at $826,214,000 after buying an additional 36,666 shares during the period. 63.46% of the stock is currently owned by institutional investors.

Cintas Trading Up 0.2%

Cintas stock opened at $203.52 on Friday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.27 and a current ratio of 1.43. The stock has a market cap of $81.44 billion, a PE ratio of 54.42, a price-to-earnings-growth ratio of 3.28 and a beta of 0.92. The stock has a 50-day moving average of $190.61 and a two-hundred day moving average of $184.95. Cintas Corporation has a one year low of $161.16 and a one year high of $219.16.

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, topping analysts' consensus estimates of $1.24 by $0.05. The company had revenue of $2.91 billion during the quarter, compared to analysts' expectations of $2.87 billion. Cintas had a net margin of 17.75% and a return on equity of 42.05%. Cintas's revenue for the quarter was up 8.9% on a year-over-year basis. During the same period last year, the business earned $1.09 EPS. Cintas has set its FY 2027 guidance at 5.360-5.500 EPS. On average, research analysts anticipate that Cintas Corporation will post 5.49 EPS for the current fiscal year.

Cintas Increases Dividend

The business 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 an increase 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 of this dividend is Friday, August 14th. Cintas's dividend payout ratio is 55.61%.

Analyst Ratings Changes

CTAS has been the topic of a number of research reports. Argus raised shares of Cintas to a "strong-buy" rating in a research report on Friday, July 17th. UBS Group reiterated a "buy" rating and set a $230.00 price objective (up from $228.00) on shares of Cintas in a research note on Thursday, July 16th. The Goldman Sachs Group reiterated a "buy" rating and set a $231.00 price objective on shares of Cintas in a research note on Wednesday, July 15th. Bank of America raised shares of Cintas from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $200.00 to $230.00 in a research note on Thursday, July 16th. Finally, Weiss Ratings upgraded Cintas from a "hold (c)" rating to a "hold (c+)" rating in a report on Friday, July 10th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Cintas has an average rating of "Moderate Buy" and an average price target of $212.31.

Cintas 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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