Cintas Corporation $CTAS Stock Bought by Mn Services Vermogensbeheer B.V.

Key Points

• Mn Services Vermogensbeheer B.V. increased its Cintas stake by 220.6% in the third quarter, acquiring 218,664 additional shares and bringing its holdings to 317,793 shares worth approximately $62 million. Institutional investors collectively own 63.46% of Cintas.
• Cintas exceeded quarterly expectations, reporting $1.39 in EPS and $3.01 billion in revenue, with revenue up 10.9% year over year. The company also raised its quarterly dividend from $0.45 to $0.52 per share.
• Analyst sentiment remains positive, with Cintas receiving a “Moderate Buy” consensus rating and an average price target of $216.08, compared with shares trading near $201.12.

Mn Services Vermogensbeheer B.V. grew its stake in Cintas Corporation (NASDAQ:CTAS - Free Report) by 220.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 317,793 shares of the business services provider's stock after acquiring an additional 218,664 shares during the period. Mn Services Vermogensbeheer B.V. owned 0.08% of Cintas worth $61,989,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of CTAS. GAMMA Investing LLC increased its position in shares of Cintas by 222.4% during the third quarter. GAMMA Investing LLC now owns 36,883 shares of the business services provider's stock worth $7,194,000 after acquiring an additional 25,443 shares during the period. Farther Finance Advisors LLC boosted its holdings in shares of Cintas by 300.5% in the third quarter. Farther Finance Advisors LLC now owns 46,869 shares of the business services provider's stock valued at $9,142,000 after purchasing an additional 35,165 shares during the period. CoreCap Advisors LLC grew its stake in Cintas by 2,000.7% in the third quarter. CoreCap Advisors LLC now owns 11,743 shares of the business services provider's stock worth $2,291,000 after purchasing an additional 11,184 shares in the last quarter. Zevenbergen Capital Investments LLC grew its stake in Cintas by 2.4% in the third quarter. Zevenbergen Capital Investments LLC now owns 20,700 shares of the business services provider's stock worth $4,038,000 after purchasing an additional 480 shares in the last quarter. Finally, Everhart Financial Group Inc. raised its position in Cintas by 106.0% during the 3rd quarter. Everhart Financial Group Inc. now owns 11,634 shares of the business services provider's stock valued at $2,269,000 after purchasing an additional 5,986 shares in the last quarter. 63.46% of the stock is owned by hedge funds and other institutional investors.

Cintas Stock Performance

Shares of Cintas stock opened at $201.12 on Friday. The company has a market capitalization of $80.59 billion, a PE ratio of 39.67, a P/E/G ratio of 3.13 and a beta of 0.92. 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 company has a 50-day simple moving average of $200.38 and a two-hundred day simple moving average of $185.89. Cintas Corporation has a one year low of $161.16 and a one year high of $219.16.

Cintas (NASDAQ:CTAS - Get Free Report) last released its quarterly earnings results on Wednesday, September 23rd. The business services provider reported $1.39 earnings per share for the quarter, beating analysts' consensus estimates of $1.35 by $0.04. Cintas had a net margin of 17.82% and a return on equity of 42.57%. The business had revenue of $3.01 billion for the quarter, compared to analysts' expectations of $2.98 billion. During the same period last year, the business earned $1.20 EPS. The company'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. Research analysts expect 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 dividend of $0.52 per share. The ex-dividend date of this dividend was Friday, August 14th. This is a positive change 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%. Cintas's dividend payout ratio is currently 41.03%.

Analysts Set New Price Targets

Several brokerages have weighed in on CTAS. Bank of America upgraded Cintas from a "neutral" rating to a "buy" rating and upped their target price for the stock from $200.00 to $230.00 in a report on Thursday, July 16th. Weiss Ratings upgraded Cintas from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Friday, September 11th. UBS Group restated a "buy" rating and issued a $235.00 price objective (up from $230.00) on shares of Cintas in a report on Thursday, September 24th. Sanford C. Bernstein reiterated a "market perform" rating on shares of Cintas in a report on Thursday, September 10th. Finally, Argus increased their target price on shares of Cintas from $230.00 to $240.00 and gave the stock a "buy" rating in a report on Tuesday, September 29th. Eight investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Cintas presently has an average rating of "Moderate Buy" and an average price target of $216.08.

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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