Cintas Corporation $CTAS Shares Bought by PensionDanmark Pensionsforsikringsaktieselskab

Key Points

• PensionDanmark increased its Cintas stake by 8.7% in the second quarter, bringing its holdings to 69,891 shares valued at approximately $11.9 million. Institutional investors and hedge funds collectively own 63.46% of CTAS.
• Cintas exceeded quarterly expectations, reporting $1.29 in adjusted earnings per share and $2.91 billion in revenue, with revenue rising 8.9% year over year. The company issued fiscal 2027 EPS guidance of $5.36–$5.50.
• The company raised its quarterly dividend to $0.52 per share, while analysts maintained a generally positive outlook; Cintas has a “Moderate Buy” consensus rating and an average price target of $212.31.

PensionDanmark Pensionsforsikringsaktieselskab raised its holdings in shares of Cintas Corporation (NASDAQ:CTAS - Free Report) by 8.7% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 69,891 shares of the business services provider's stock after buying an additional 5,592 shares during the quarter. PensionDanmark Pensionsforsikringsaktieselskab's holdings in Cintas were worth $11,887,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Brighton Jones LLC lifted its stake in shares of Cintas by 9.3% in the fourth quarter. Brighton Jones LLC now owns 1,268 shares of the business services provider's stock worth $232,000 after buying an additional 108 shares in the last quarter. Sivia Capital Partners LLC grew its stake in Cintas by 42.3% during the 2nd quarter. Sivia Capital Partners LLC now owns 1,441 shares of the business services provider's stock valued at $321,000 after acquiring an additional 428 shares in the last quarter. Gamco Investors INC. ET AL acquired a new stake in Cintas in the 2nd quarter valued at about $625,000. Treasurer of the State of North Carolina raised its holdings in Cintas by 20.3% in the 2nd quarter. Treasurer of the State of North Carolina now owns 212,192 shares of the business services provider's stock valued at $47,291,000 after acquiring an additional 35,781 shares during the last quarter. Finally, Ieq Capital LLC raised its holdings in Cintas by 50.2% in the 2nd quarter. Ieq Capital LLC now owns 92,924 shares of the business services provider's stock valued at $20,710,000 after acquiring an additional 31,068 shares during the last quarter. 63.46% of the stock is currently owned by institutional investors and hedge funds.

Cintas Price Performance

Shares of CTAS stock opened at $203.05 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 firm's 50-day moving average is $186.23 and its two-hundred day moving average is $184.43. Cintas Corporation has a 12 month low of $161.16 and a 12 month high of $226.75. The company has a market capitalization of $81.25 billion, a PE ratio of 54.29, a price-to-earnings-growth ratio of 3.26 and a beta of 0.92.

Cintas (NASDAQ:CTAS - Get Free Report) last posted its earnings results 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. Cintas had a net margin of 17.75% and a return on equity of 42.05%. The company had revenue of $2.91 billion for the quarter, compared to analyst estimates of $2.87 billion. During the same period in the previous year, the business posted $1.09 EPS. Cintas's revenue was up 8.9% on a year-over-year basis. Cintas has set its FY 2027 guidance at 5.360-5.500 EPS. Analysts predict that Cintas Corporation will post 5.49 earnings per share for the current year.

Cintas Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Friday, August 14th will be issued a $0.52 dividend. This is a boost 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%. The ex-dividend date is Friday, August 14th. Cintas's payout ratio is currently 48.13%.

Wall Street Analysts Forecast Growth

CTAS has been the topic of several recent research reports. Argus upgraded Cintas to a "strong-buy" rating in a report on Friday, July 17th. Bank of America raised Cintas from a "neutral" rating to a "buy" rating and increased their price target for the company from $200.00 to $230.00 in a report on Thursday, July 16th. Wells Fargo & Company reiterated an "overweight" rating and set a $250.00 price objective (up from $245.00) on shares of Cintas in a research report on Thursday, July 16th. UBS Group reissued 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. Finally, Weiss Ratings upgraded Cintas from a "hold (c)" rating to a "hold (c+)" rating in a report on Friday, July 10th. 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 company. Based on data from MarketBeat, Cintas currently has a consensus 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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