Cintas Corporation $CTAS Shares Acquired by Nisa Investment Advisors LLC

Key Points

• Nisa Investment Advisors increased its Cintas stake by 5.5% in the third quarter, acquiring 7,395 additional shares and bringing its holdings to 141,686 shares valued at $27.6 million. Institutional investors collectively own 63.46% of CTAS.
• Cintas reported quarterly earnings of $1.39 per share, exceeding estimates of $1.35, while revenue rose 10.9% year over year to $3.01 billion. The company guided to fiscal 2027 earnings of $5.45–$5.54 per share.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $218.50, while Cintas raised its quarterly dividend to $0.52 per share, equivalent to a 1.0% annual yield.

Nisa Investment Advisors LLC raised its stake in shares of Cintas Corporation (NASDAQ:CTAS - Free Report) by 5.5% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 141,686 shares of the business services provider's stock after acquiring an additional 7,395 shares during the period. Nisa Investment Advisors LLC's holdings in Cintas were worth $27,637,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. AMG National Trust Bank purchased a new stake in Cintas during the 2nd quarter valued at $1,973,000. Summit Global Investments bought a new position in shares of Cintas during the 2nd quarter valued at $950,000. TimesSquare Capital Management LLC bought a new position in shares of Cintas during the 2nd quarter valued at $62,057,000. Oppenheimer Asset Management Inc. purchased a new position in shares of Cintas in the 2nd quarter worth $4,972,000. Finally, BlackRock Inc. purchased a new position in shares of Cintas in the 2nd quarter worth $4,520,425,000. Institutional investors own 63.46% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on CTAS shares. Jefferies Financial Group lifted their price objective on Cintas from $200.00 to $210.00 and gave the stock a "hold" rating in a report on Thursday, July 16th. Robert W. Baird set a $222.00 target price on Cintas and gave the company an "outperform" rating in a report on Thursday, September 24th. Royal Bank Of Canada reissued a "sector perform" rating and issued a $206.00 target price on shares of Cintas in a report on Thursday, September 24th. The Goldman Sachs Group raised their target price on Cintas from $231.00 to $239.00 and gave the stock a "buy" rating in a research report on Thursday, September 24th. Finally, Wells Fargo & Company reissued an "overweight" rating and issued a $250.00 target price (up from $245.00) on shares of Cintas in a research report on Thursday, July 16th. Ten research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $218.50.

Cintas Stock Up 2.2%

Shares of CTAS stock opened at $217.03 on Wednesday. Cintas Corporation has a 12 month low of $161.16 and a 12 month high of $219.16. The stock has a market cap of $86.18 billion, a P/E ratio of 41.38, a P/E/G ratio of 3.37 and a beta of 0.92. The company has a current ratio of 1.45, a quick ratio of 1.29 and a debt-to-equity ratio of 0.27. The company has a 50 day simple moving average of $201.42 and a two-hundred day simple moving average of $187.99.

Cintas (NASDAQ:CTAS - Get Free Report) last released its quarterly earnings results on Wednesday, September 23rd. The business services provider reported $1.39 earnings per share for the quarter, topping the consensus estimate of $1.35 by $0.04. The business had revenue of $3.01 billion for the quarter, compared to the consensus estimate of $2.98 billion. Cintas had a net margin of 17.82% and a return on equity of 42.57%. The company's quarterly revenue was up 10.9% on a year-over-year basis. During the same period last year, the firm earned $1.20 earnings per share. Cintas has set its FY 2027 guidance at 5.450-5.540 EPS. On average, research analysts expect that Cintas Corporation will post 5.53 earnings per share for the current year.

Cintas Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Friday, August 14th were issued a $0.52 dividend. The ex-dividend date of this dividend was 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 payout ratio is 41.03%.

Cintas Profile

Cintas Corporation provides workplace products and services to businesses and other organizations, primarily in the United States and Canada. The company is best known for designing, supplying, laundering and maintaining uniforms, workwear and related apparel for employees across a range of industries.

Its offerings also include facility services such as entrance mats, restroom supplies, hygiene products, janitorial supplies and document management. Through its first aid and safety business, Cintas provides first-aid products, safety training and related workplace solutions.

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