Cintas Corporation $CTAS Stake Lifted by Empowered Funds LLC

Key Points

• Empowered Funds LLC increased its Cintas stake by 31.9% in the first quarter, bringing its holdings to 37,587 shares valued at approximately $6.36 million. Institutional investors collectively own 63.46% of the company.
• Analysts maintain a generally positive outlook, with Cintas receiving a consensus “Moderate Buy” rating and an average price target of $212.31. Recent ratings include upgrades and multiple “buy” or “outperform” recommendations.
• Cintas exceeded quarterly expectations, reporting $1.29 in earnings per share and $2.91 billion in revenue, up 8.9% year over year. The company also raised its quarterly dividend to $0.52 per share, a 15.6% increase from $0.45.

Empowered Funds LLC boosted its stake in Cintas Corporation (NASDAQ:CTAS - Free Report) by 31.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 37,587 shares of the business services provider's stock after buying an additional 9,083 shares during the period. Empowered Funds LLC's holdings in Cintas were worth $6,357,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Riverbridge Partners LLC raised its stake in Cintas by 7.7% during the 1st quarter. Riverbridge Partners LLC now owns 229,158 shares of the business services provider's stock valued at $38,760,000 after acquiring an additional 16,437 shares in the last quarter. SEB Asset Management AB acquired a new position in Cintas during the 1st quarter worth $22,366,000. Northwestern Mutual Wealth Management Co. grew its stake in shares of Cintas by 2,286.3% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 736,620 shares of the business services provider's stock worth $138,536,000 after purchasing an additional 705,751 shares in the last quarter. Suncoast Equity Management grew its stake in shares of Cintas by 53.7% in the fourth quarter. Suncoast Equity Management now owns 23,845 shares of the business services provider's stock worth $4,485,000 after purchasing an additional 8,330 shares in the last quarter. Finally, King Luther Capital Management Corp increased its holdings in shares of Cintas by 0.7% during the fourth quarter. King Luther Capital Management Corp now owns 1,812,112 shares of the business services provider's stock valued at $340,804,000 after purchasing an additional 12,204 shares during the period. 63.46% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Argus upgraded shares of Cintas to a "strong-buy" rating in a research report on Friday, July 17th. The Goldman Sachs Group reissued a "buy" rating and set a $231.00 target price on shares of Cintas in a report on Wednesday, July 15th. Truist Financial cut their target price on Cintas from $255.00 to $225.00 and set a "buy" rating for the company in a research report on Monday, June 15th. Robert W. Baird increased their price target on Cintas from $200.00 to $214.00 and gave the company an "outperform" rating in a research note on Thursday, July 16th. 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, July 16th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $212.31.

Cintas Stock Performance

NASDAQ:CTAS opened at $199.52 on Monday. Cintas Corporation has a twelve month low of $161.16 and a twelve month high of $221.36. The company has a current ratio of 1.43, a quick ratio of 1.27 and a debt-to-equity ratio of 0.28. The company has a 50-day moving average of $188.85 and a 200-day moving average of $184.65. The firm has a market cap of $79.84 billion, a price-to-earnings ratio of 53.35, a price-to-earnings-growth ratio of 3.22 and a beta of 0.91.

Cintas (NASDAQ:CTAS - Get Free Report) last released its earnings results on Wednesday, July 15th. The business services provider reported $1.29 EPS for the quarter, topping analysts' consensus estimates of $1.24 by $0.05. Cintas had a net margin of 17.75% and a return on equity of 42.05%. The business had revenue of $2.91 billion for the quarter, compared to the consensus estimate of $2.87 billion. During the same period in the previous year, the firm earned $1.09 EPS. The business's revenue for the quarter was up 8.9% on a year-over-year basis. Cintas has set its FY 2027 guidance at 5.360-5.500 EPS. Analysts forecast that Cintas Corporation will post 5.49 earnings per share for the current fiscal year.

Cintas Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Friday, August 14th will be issued a $0.52 dividend. This is an increase from Cintas's previous quarterly dividend of $0.45. This represents a $2.08 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend is Friday, August 14th. Cintas's dividend payout ratio is currently 55.61%.

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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