Cintas Corporation $CTAS Shares Newly Acquired by M Holdings Securities Inc.

Key Points

• M Holdings Securities acquired 5,528 Cintas shares in the third quarter, valued at approximately $1.1 million. Institutional investors and hedge funds own 63.46% of the company’s stock.
• Analysts’ consensus rating is “Moderate Buy,” with an average price target of $218.62; opinions range from buy to sell.
• Cintas beat quarterly estimates, reporting EPS of $1.39 and revenue of $3.01 billion, up 10.9% year over year. The company also announced a quarterly dividend of $0.52 per share.

M Holdings Securities Inc. purchased a new position in shares of Cintas Corporation (NASDAQ:CTAS - Free Report) in the third quarter, according to its most recent disclosure with the SEC. The firm purchased 5,528 shares of the business services provider's stock, valued at approximately $1,097,000.

Several other institutional investors have also made changes to their positions in the company. Meeder Asset Management Inc. acquired a new position in Cintas during the second quarter valued at approximately $27,000. Archer Investment Corp acquired a new stake in shares of Cintas in the first quarter worth $32,000. Highland Investment Advisors LLC bought a new stake in shares of Cintas during the 2nd quarter worth $32,000. Pingora Partners LLC bought a new stake in shares of Cintas during the 2nd quarter worth $34,000. Finally, Pension & Wealth Management Advisors Inc. bought a new stake in Cintas during the third quarter worth about $37,000. 63.46% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CTAS has been the subject of several recent analyst reports. Royal Bank Of Canada reaffirmed a "sector perform" rating and set a $206.00 price objective on shares of Cintas in a report on Thursday, September 24th. Weiss Ratings downgraded Cintas from a "buy (b)" rating to a "buy (b-)" rating in a report on Friday, October 23rd. Truist Financial increased their price target on Cintas from $225.00 to $230.00 and gave the stock a "buy" rating in a research report on Thursday, September 24th. Jefferies Financial Group raised their price target on Cintas from $200.00 to $210.00 and gave the company a "hold" rating in a report on Thursday, July 16th. Finally, Rothschild & Co Redburn raised their price target on Cintas from $184.00 to $198.00 and gave the company a "neutral" rating in a report on Tuesday, July 28th. Ten investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $218.62.

Cintas Price Performance

NASDAQ CTAS opened at $223.16 on Tuesday. The business has a 50 day simple moving average of $206.84 and a 200 day simple moving average of $191.42. Cintas Corporation has a 52-week low of $161.16 and a 52-week high of $233.46. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.29 and a current ratio of 1.45. The stock has a market cap of $88.61 billion, a price-to-earnings ratio of 44.65, a PEG ratio of 3.63 and a beta of 0.86.

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

Cintas Dividend Announcement

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

About Cintas

Cintas Corporation provides workplace products and services to businesses, primarily in North America. Its offerings include uniform rental and sales, workwear, and related services such as laundering and maintaining uniforms.

The company also supplies facility services, including restroom and floor products, and provides first aid and safety products and services. Its fire protection business offers services such as inspecting and maintaining fire extinguishers and other safety equipment.

Cintas traces its roots to Acme Industrial Laundry, a family business established in 1929.

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