Callan Family Office LLC Takes $2.19 Million Position in Cintas Corporation $CTAS

Callan Family Office LLC acquired a new position in shares of Cintas Corporation (NASDAQ:CTAS - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 12,845 shares of the business services provider's stock, valued at approximately $2,185,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CTAS. AMG National Trust Bank purchased a new position in shares of Cintas during the second quarter worth approximately $1,973,000. Summit Global Investments purchased a new stake in shares of Cintas in the 2nd quarter valued at $950,000. Oppenheimer Asset Management Inc. purchased a new stake in shares of Cintas in the 2nd quarter valued at $4,972,000. TimesSquare Capital Management LLC bought a new position in shares of Cintas during the 2nd quarter valued at $62,057,000. Finally, Riverbridge Partners LLC grew its holdings in shares of Cintas by 7.7% during the 1st quarter. Riverbridge Partners LLC now owns 229,158 shares of the business services provider's stock valued at $38,760,000 after purchasing an additional 16,437 shares during the last quarter. 63.46% of the stock is currently owned by hedge funds and other institutional investors.

Cintas Stock Up 0.1%

NASDAQ CTAS opened at $203.79 on Friday. The business's 50-day moving average is $191.16 and its 200 day moving average is $185.08. The stock has a market capitalization of $81.55 billion, a PE ratio of 54.49, a PEG ratio of 3.29 and a beta of 0.92. 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 Corporation has a 1 year low of $161.16 and a 1 year high of $219.16.

Cintas (NASDAQ:CTAS - Get Free Report) last released its quarterly earnings data on Wednesday, July 15th. The business services provider reported $1.29 earnings per share for the quarter, topping the consensus estimate of $1.24 by $0.05. The business had revenue of $2.91 billion during the quarter, compared to analysts' expectations 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 last year, the business posted $1.09 EPS. Cintas has set its FY 2027 guidance at 5.360-5.500 EPS. Sell-side analysts forecast 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. Investors 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 dividend on an annualized basis and a yield of 1.0%. Cintas's payout ratio is 55.61%.

Wall Street Analyst Weigh In

CTAS has been the topic of a number of analyst reports. Argus upgraded shares of Cintas to a "strong-buy" rating in a research report on Friday, July 17th. Weiss Ratings upgraded shares of Cintas from a "hold (c)" rating to a "hold (c+)" rating in a research report on Friday, July 10th. Bank of America raised Cintas from a "neutral" rating to a "buy" rating and raised their price objective for the company from $200.00 to $230.00 in a research note on Thursday, July 16th. UBS Group reiterated a "buy" rating and issued a $230.00 price objective (up from $228.00) on shares of Cintas in a report on Thursday, July 16th. Finally, Robert W. Baird boosted their target price on Cintas from $200.00 to $214.00 and gave the company an "outperform" rating in a research note on Thursday, July 16th. One 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's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus 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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