Beacon Pointe Advisors LLC Buys Shares of 11,996 Cintas Corporation $CTAS

Key Points

• Beacon Pointe Advisors purchased 11,996 Cintas shares worth approximately $2.04 million, while institutional investors and hedge funds collectively own 63.46% of the company.
• Analysts maintain a generally positive outlook, with Cintas receiving a consensus “Moderate Buy” rating and an average price target of $212.31.
• Cintas exceeded quarterly earnings and revenue estimates, reporting $1.29 EPS and $2.91 billion in revenue, while increasing its quarterly dividend from $0.45 to $0.52 per share.

Beacon Pointe Advisors LLC purchased a new stake in Cintas Corporation (NASDAQ:CTAS - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 11,996 shares of the business services provider's stock, valued at approximately $2,041,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. One Capital Management LLC grew its stake in 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. raised its position in Cintas by 0.8% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 7,198 shares of the business services provider's stock worth $1,236,000 after acquiring an additional 58 shares during the last quarter. Sachetta LLC raised its position in Cintas by 46.0% during the first 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. lifted its holdings in shares of Cintas by 2.8% in the second quarter. Ausdal Financial Partners Inc. now owns 2,287 shares of the business services provider's stock valued at $510,000 after purchasing an additional 63 shares in the last quarter. Finally, Elyxium Wealth LLC grew its position in shares of Cintas by 4.9% in the fourth quarter. Elyxium Wealth LLC now owns 1,368 shares of the business services provider's stock valued at $257,000 after purchasing an additional 64 shares during the last quarter. Institutional investors and hedge funds own 63.46% of the company's stock.

Wall Street Analysts Forecast Growth

CTAS has been the subject of a number of recent research reports. Argus raised shares of Cintas to a "strong-buy" rating in a research note on Friday, July 17th. Weiss Ratings raised Cintas from a "hold (c)" rating to a "hold (c+)" rating in a research note on Friday, July 10th. Robert W. Baird increased their target price on Cintas from $200.00 to $214.00 and gave the company an "outperform" rating in a report on Thursday, July 16th. Wells Fargo & Company reissued an "overweight" rating and set a $250.00 price target (up from $245.00) on shares of Cintas in a research report on Thursday, July 16th. Finally, Royal Bank Of Canada reissued a "sector perform" rating and issued a $206.00 price target on shares of Cintas in a report on Thursday, July 16th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Cintas presently has a consensus rating of "Moderate Buy" and an average target price of $212.31.

Cintas Stock Performance

Shares of NASDAQ CTAS opened at $204.18 on Monday. The company has a market cap of $81.71 billion, a PE ratio of 54.59, a price-to-earnings-growth ratio of 3.30 and a beta of 0.92. Cintas Corporation has a 12 month low of $161.16 and a 12 month high of $219.16. 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 company has a 50-day simple moving average of $194.43 and a 200-day simple moving average of $185.45.

Cintas (NASDAQ:CTAS - Get Free Report) last announced its quarterly earnings data on Wednesday, July 15th. The business services provider reported $1.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.24 by $0.05. The business had revenue of $2.91 billion for the quarter, compared to the consensus estimate of $2.87 billion. Cintas had a net margin of 17.75% and a return on equity of 42.05%. The company's quarterly revenue was up 8.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.09 earnings per share. Cintas has set its FY 2027 guidance at 5.360-5.500 EPS. On average, equities analysts anticipate that Cintas Corporation will post 5.49 earnings per share for the current year.

Cintas Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Friday, August 14th will be paid a dividend of $0.52 per share. The ex-dividend date of this dividend is Friday, August 14th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.0%. This is a boost from Cintas's previous quarterly dividend of $0.45. Cintas's dividend payout ratio is currently 55.61%.

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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