Caisse de depot et placement du Quebec Invests $21.30 Million in Cintas Corporation $CTAS

Key Points

• Caisse de dépôt et placement du Québec acquired 125,206 Cintas shares in the second quarter, valued at approximately $21.3 million. Institutional investors collectively own 63.46% of Cintas.
• Cintas exceeded quarterly expectations, reporting $1.29 in earnings per share and $2.91 billion in revenue, with revenue up 8.9% year over year. Analysts maintain a “Moderate Buy” consensus and a $212.31 average price target.
• The company increased its quarterly dividend from $0.45 to $0.52 per share, equivalent to an annualized $2.08 dividend and a 1.0% yield.

Caisse de depot et placement du Quebec bought a new position in Cintas Corporation (NASDAQ:CTAS - Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 125,206 shares of the business services provider's stock, valued at approximately $21,295,000.

Other institutional investors have also added to or reduced their stakes in the company. One Capital Management LLC lifted its stake in Cintas by 0.9% during the fourth quarter. One Capital Management LLC now owns 6,160 shares of the business services provider's stock worth $1,159,000 after purchasing an additional 53 shares during the last quarter. Whittier Trust Co. of Nevada Inc. increased its position in shares of 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 purchasing an additional 58 shares during the last quarter. Sachetta LLC raised its holdings in shares of Cintas by 46.0% during the 1st quarter. Sachetta LLC now owns 200 shares of the business services provider's stock valued at $34,000 after buying an additional 63 shares in the last quarter. Ausdal Financial Partners Inc. raised its holdings in shares of Cintas by 2.8% during the 2nd quarter. Ausdal Financial Partners Inc. now owns 2,287 shares of the business services provider's stock valued at $510,000 after buying an additional 63 shares in the last quarter. Finally, Elyxium Wealth LLC raised its holdings in shares of Cintas by 4.9% during the 4th quarter. Elyxium Wealth LLC now owns 1,368 shares of the business services provider's stock valued at $257,000 after buying an additional 64 shares in the last quarter. Institutional investors own 63.46% of the company's stock.

Wall Street Analyst Weigh In

CTAS has been the subject of several research reports. UBS Group reaffirmed a "buy" rating and issued a $230.00 target price (up from $228.00) on shares of Cintas in a research note on Thursday, July 16th. 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 price objective (up from $245.00) on shares of Cintas in a research note on Thursday, July 16th. Robert W. Baird increased their target price 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, Bank of America upgraded shares of Cintas from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $200.00 to $230.00 in a research report on Thursday, July 16th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Cintas currently has an average rating of "Moderate Buy" and a consensus price target of $212.31.

Cintas Price Performance

Shares of Cintas stock opened at $204.18 on Friday. 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 business's 50 day simple moving average is $194.43 and its two-hundred day simple moving average is $185.51. The stock has a market capitalization of $81.71 billion, a P/E ratio of 54.59, a price-to-earnings-growth ratio of 3.30 and a beta of 0.92. 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 announced its quarterly earnings data on Wednesday, July 15th. The business services provider reported $1.29 earnings per share for the quarter, beating the consensus estimate of $1.24 by $0.05. The firm had revenue of $2.91 billion during the quarter, compared to the consensus estimate of $2.87 billion. Cintas had a return on equity of 42.05% and a net margin of 17.75%.The business's revenue was up 8.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.09 earnings per share. Cintas has set its FY 2027 guidance at 5.360-5.500 EPS. Analysts forecast that Cintas Corporation will post 5.49 EPS for the current year.

Cintas Increases Dividend

The company also recently declared 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. The ex-dividend date is Friday, August 14th. This represents a $2.08 dividend on an annualized basis and a yield of 1.0%. This is an increase from Cintas's previous quarterly dividend of $0.45. Cintas's dividend payout ratio (DPR) 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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