Cintas Corporation $CTAS Shares Bought by Rakuten Investment Management Inc.

Key Points

• Rakuten Investment Management increased its Cintas stake 11.1% in the third quarter, buying 9,645 shares to bring its holding to 96,223 shares, valued at about $19.0 million.
• Cintas beat quarterly earnings and revenue expectations, reporting $1.39 in EPS and $3.01 billion in revenue; revenue grew 10.9% year over year. The company’s FY 2027 EPS guidance is $5.45–$5.54.
• Analysts give Cintas a consensus “Moderate Buy” rating and an average price target of $218.62; ten analysts rate it Buy, six Hold, and one Sell.

Rakuten Investment Management Inc. lifted its stake in Cintas Corporation (NASDAQ:CTAS - Free Report) by 11.1% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 96,223 shares of the business services provider's stock after buying an additional 9,645 shares during the quarter. Rakuten Investment Management Inc.'s holdings in Cintas were worth $19,027,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Whipplewood Advisors LLC increased its position in shares of Cintas by 1,712.5% during the 1st quarter. Whipplewood Advisors LLC now owns 145 shares of the business services provider's stock valued at $25,000 after purchasing an additional 137 shares during the last quarter. Meeder Asset Management Inc. purchased a new position in shares of Cintas in the 2nd quarter worth approximately $27,000. Archer Investment Corp purchased a new stake in Cintas in the first quarter valued at about $32,000. Pension & Wealth Management Advisors Inc. purchased a new stake in shares of Cintas during the third quarter valued at $37,000. Finally, Highland Investment Advisors LLC acquired a new position in Cintas in the 2nd quarter worth approximately $32,000. 63.46% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

CTAS has been the topic of a number of recent analyst reports. Robert W. Baird set a $222.00 price target on shares of Cintas and gave the stock an "outperform" rating in a report on Thursday, September 24th. Royal Bank Of Canada reissued a "sector perform" rating and set a $206.00 target price on shares of Cintas in a report on Thursday, September 24th. Truist Financial upped their price objective on shares of Cintas from $225.00 to $230.00 and gave the company a "buy" rating in a research note on Thursday, September 24th. Weiss Ratings lowered shares of Cintas from a "buy (b)" rating to a "buy (b-)" rating in a report on Friday, October 23rd. Finally, The Goldman Sachs Group lifted their target price on Cintas from $231.00 to $239.00 and gave the company a "buy" rating in a research report on Thursday, September 24th. Ten analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Cintas currently has a consensus rating of "Moderate Buy" and an average price target of $218.62.

Cintas Stock Performance

Shares of CTAS opened at $229.03 on Thursday. The stock has a 50 day moving average price of $205.69 and a 200 day moving average price of $190.98. Cintas Corporation has a 52-week low of $161.16 and a 52-week high of $230.74. The company has a quick ratio of 1.29, a current ratio of 1.45 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $90.94 billion, a price-to-earnings ratio of 45.17, a price-to-earnings-growth ratio of 3.55 and a beta of 0.86.

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

Cintas Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Friday, November 13th will be paid a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Friday, November 13th. Cintas's dividend payout ratio is 41.03%.

About Cintas

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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