Cintas Corporation $CTAS Shares Purchased by Nvwm LLC

Key Points

• Nvwm LLC increased its Cintas holdings by 152,069.2% in the third quarter, ending with 19,782 shares valued at approximately $3.86 million. Hedge funds and institutional investors collectively own 63.46% of the company.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $218.50; ratings include 10 Buys, six Holds, and one Sell.
• Cintas exceeded quarterly earnings and revenue expectations, reporting $1.39 in EPS and $3.01 billion in revenue, while revenue grew 10.9% year over year. The company also raised its quarterly dividend to $0.52 per share, or $2.08 annually.

Nvwm LLC lifted its holdings in shares of Cintas Corporation (NASDAQ:CTAS - Free Report) by 152,069.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,782 shares of the business services provider's stock after purchasing an additional 19,769 shares during the period. Nvwm LLC's holdings in Cintas were worth $3,859,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Whipplewood Advisors LLC grew 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 acquiring an additional 137 shares during the period. First United Bank & Trust bought a new position in shares of Cintas during the 1st quarter worth $25,000. Meeder Asset Management Inc. bought a new stake in Cintas in the 2nd quarter valued at about $27,000. Archer Investment Corp bought a new position in Cintas during the first quarter worth about $32,000. Finally, Highland Investment Advisors LLC purchased a new position in shares of Cintas in the second quarter worth about $32,000. 63.46% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CTAS has been the subject of several analyst reports. Weiss Ratings raised shares of Cintas from a "buy (b-)" rating to a "buy (b)" rating in a report on Friday, October 9th. Sanford C. Bernstein restated a "market perform" rating on shares of Cintas in a research report on Thursday, September 10th. Citigroup raised their price target on Cintas from $180.00 to $181.00 and gave the stock a "sell" rating in a report on Wednesday, September 30th. UBS Group reiterated a "buy" rating and set a $235.00 price objective (up from $230.00) on shares of Cintas in a research note on Thursday, September 24th. Finally, Royal Bank Of Canada reiterated a "sector perform" rating and set a $206.00 price target on shares of Cintas in a research report on Thursday, September 24th. Ten research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $218.50.

Cintas Stock Up 1.1%

CTAS stock opened at $208.63 on Thursday. The company has a current ratio of 1.45, a quick ratio of 1.29 and a debt-to-equity ratio of 0.27. Cintas Corporation has a 1-year low of $161.16 and a 1-year high of $219.16. The stock has a market cap of $82.84 billion, a price-to-earnings ratio of 41.15, a price-to-earnings-growth ratio of 3.28 and a beta of 0.92. The company's 50 day moving average is $200.56 and its 200 day moving average is $186.72.

Cintas (NASDAQ:CTAS - Get Free Report) last announced its earnings results on Wednesday, September 23rd. The business services provider reported $1.39 earnings per share (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 company had revenue of $3.01 billion during the quarter, compared to analyst estimates of $2.98 billion. During the same period in the previous year, the business earned $1.20 earnings per share. The firm's quarterly revenue was up 10.9% compared to the same quarter last year. Cintas has set its FY 2027 guidance at 5.450-5.540 EPS. Sell-side analysts predict that Cintas Corporation will post 5.52 EPS for the current fiscal year.

Cintas Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Friday, August 14th were given a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date was Friday, August 14th. This is a positive change from Cintas's previous quarterly dividend of $0.45. Cintas's dividend payout ratio is presently 41.03%.

Cintas Company Profile

Cintas Corporation NASDAQ: CTAS provides workplace services to businesses and organizations across North America. The company's primary business is uniform rental and facility services, including the design, rental, cleaning and delivery of uniforms, work apparel and related garments.

Its offerings also include restroom and hygiene services, floor-care products, mats, towels, and other facility supplies. Through its First Aid & Safety segment, Cintas provides first-aid products, safety equipment and training.

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