Cintas Corporation $CTAS Stock Bought by Farther Finance Advisors LLC

Key Points

• Farther Finance Advisors increased its Cintas stake by 300.5% in the third quarter, adding 35,165 shares for a total holding valued at approximately $9.14 million. Institutional investors collectively own 63.46% of CTAS shares.
• Cintas reported quarterly earnings of $1.39 per share, exceeding estimates by $0.04, while revenue rose 10.9% year over year to $3.01 billion. The company also raised its quarterly dividend from $0.45 to $0.52 per share.
• Analysts maintain a consensus “Moderate Buy” rating, with a price target of $218.50. CTAS recently opened at $202.41, compared with a 52-week range of $161.16 to $219.16.

Farther Finance Advisors LLC increased its stake in Cintas Corporation (NASDAQ:CTAS - Free Report) by 300.5% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 46,869 shares of the business services provider's stock after acquiring an additional 35,165 shares during the quarter. Farther Finance Advisors LLC's holdings in Cintas were worth $9,142,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in shares of Cintas during the 2nd quarter worth about $4,520,425,000. Bank of New York Mellon Corp acquired a new stake in shares of Cintas in the second quarter worth approximately $644,334,000. Amundi increased its position in shares of Cintas by 6.3% during the first quarter. Amundi now owns 2,402,362 shares of the business services provider's stock worth $406,336,000 after purchasing an additional 142,576 shares in the last quarter. Legal & General Group Plc purchased a new stake in shares of Cintas during the second quarter worth approximately $386,159,000. Finally, Pictet Asset Management Holding SA raised its stake in Cintas by 8.3% in the 1st quarter. Pictet Asset Management Holding SA now owns 2,167,957 shares of the business services provider's stock valued at $366,673,000 after purchasing an additional 165,752 shares during the last quarter. 63.46% of the stock is owned by hedge funds and other institutional investors.

Cintas Price Performance

CTAS stock opened at $202.41 on Friday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.45 and a quick ratio of 1.29. The firm has a market capitalization of $81.11 billion, a P/E ratio of 39.92, a P/E/G ratio of 3.20 and a beta of 0.92. The business's 50-day moving average is $200.34 and its two-hundred day moving average is $186.01. Cintas Corporation has a 1 year low of $161.16 and a 1 year high of $219.16.

Cintas (NASDAQ:CTAS - Get Free Report) last issued its earnings results on Wednesday, September 23rd. The business services provider reported $1.39 earnings per share for the quarter, beating 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 analysts' expectations of $2.98 billion. During the same quarter last year, the company earned $1.20 earnings per share. The firm's 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. Analysts anticipate that Cintas Corporation will post 5.52 earnings per share for the current fiscal year.

Cintas Increases Dividend

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

Analyst Ratings Changes

Several equities research analysts have issued reports on CTAS shares. Argus lifted their target price on shares of Cintas from $230.00 to $240.00 and gave the stock a "buy" rating in a research note on Tuesday, September 29th. Truist Financial raised their target price on shares of Cintas from $225.00 to $230.00 and gave the stock a "buy" rating in a research note on Thursday, September 24th. Citigroup upped their price target on Cintas from $180.00 to $181.00 and gave the company a "sell" rating in a research report on Wednesday, September 30th. Rothschild & Co Redburn lifted their price target on Cintas from $184.00 to $198.00 and gave the stock a "neutral" rating in a report on Tuesday, July 28th. Finally, Royal Bank Of Canada reiterated a "sector perform" rating and set a $206.00 price target on shares of Cintas in a report on Thursday, September 24th. Ten equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $218.50.

Cintas 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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