Cintas Corporation $CTAS Shares Newly Bought by Boomfish Wealth Group LLC

Key Points

• Boomfish Wealth Group LLC purchased 5,603 Cintas shares worth approximately $1.09 million in the third quarter. Institutional investors and hedge funds collectively own 63.46% of the company.
• Analysts maintain a consensus “Moderate Buy” rating with an average price target of $218.50; recent targets range as high as $239.
• Cintas exceeded quarterly earnings and revenue expectations, reporting $1.39 EPS and $3.01 billion in revenue, while revenue increased 10.9% year over year. The company also raised its quarterly dividend to $0.52 per share.

Boomfish Wealth Group LLC purchased a new position in shares of Cintas Corporation (NASDAQ:CTAS - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 5,603 shares of the business services provider's stock, valued at approximately $1,093,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Brookstone Capital Management raised its position in shares of Cintas by 5.8% during the 3rd quarter. Brookstone Capital Management now owns 2,647 shares of the business services provider's stock valued at $516,000 after buying an additional 145 shares during the period. Root Financial Partners LLC acquired a new position in Cintas during the third quarter worth about $201,000. Adams Diversified Equity Fund Inc. acquired a new stake in Cintas in the 3rd quarter valued at about $16,717,000. Precedent Wealth Partners LLC purchased a new position in shares of Cintas during the 3rd quarter worth approximately $221,000. Finally, Woodward Diversified Capital LLC purchased a new stake in Cintas in the 3rd quarter worth approximately $233,000. Institutional investors and hedge funds own 63.46% of the company's stock.

Analysts Set New Price Targets

CTAS has been the topic of several research reports. Robert W. Baird set a $222.00 price target on shares of Cintas and gave the company an "outperform" rating in a report on Thursday, September 24th. Royal Bank Of Canada reiterated a "sector perform" rating and issued a $206.00 price target on shares of Cintas in a research note on Thursday, September 24th. Truist Financial upped their price target on shares of Cintas from $225.00 to $230.00 and gave the stock a "buy" rating in a research report on Thursday, September 24th. The Goldman Sachs Group increased their price target on Cintas from $231.00 to $239.00 and gave the company a "buy" rating in a research note on Thursday, September 24th. Finally, Sanford C. Bernstein restated a "market perform" rating on shares of Cintas in a report on Thursday, September 10th. Ten investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $218.50.

Cintas Stock Up 0.0%

Cintas stock opened at $224.10 on Friday. 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 50 day moving average of $202.71 and a 200-day moving average of $188.91. The stock has a market capitalization of $88.99 billion, a PE ratio of 44.20, a price-to-earnings-growth ratio of 3.55 and a beta of 0.92. Cintas Corporation has a twelve month low of $161.16 and a twelve month high of $225.79.

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

Cintas Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Friday, August 14th were given a dividend of $0.52 per share. This is a boost from Cintas's previous quarterly dividend of $0.45. The ex-dividend date was Friday, August 14th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.9%. Cintas's dividend payout ratio is 41.03%.

Cintas Company 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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