Cintas Corporation $CTAS Stock: CoreCap Advisors LLC Increases Stake

Key Points

• CoreCap Advisors LLC increased its Cintas stake by 2,000.7% in the third quarter, purchasing 11,184 additional shares for a total holding valued at approximately $2.29 million. Institutional investors collectively own 63.46% of Cintas.
• Cintas reported quarterly EPS of $1.39, exceeding estimates by $0.04, while revenue rose 10.9% year over year to $3.01 billion. The company issued fiscal 2027 EPS guidance of $5.45–$5.54.
• The company raised its quarterly dividend to $0.52 per share, equivalent to an annualized $2.08 payout and a 1.0% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $218.50.

CoreCap Advisors LLC grew its stake in shares of Cintas Corporation (NASDAQ:CTAS - Free Report) by 2,000.7% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 11,743 shares of the business services provider's stock after purchasing an additional 11,184 shares during the quarter. CoreCap Advisors LLC's holdings in Cintas were worth $2,291,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. BlackRock Inc. bought a new stake in Cintas during the 2nd quarter valued at $4,520,425,000. Bank of New York Mellon Corp purchased a new stake in shares of Cintas during the second quarter worth about $644,334,000. Amundi grew its stake in shares of Cintas by 6.3% in 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 during the last quarter. Legal & General Group Plc bought a new stake in shares of Cintas in the second quarter worth about $386,159,000. Finally, Pictet Asset Management Holding SA increased its holdings in Cintas by 8.3% during 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 period. Hedge funds and other institutional investors own 63.46% of the company's stock.

Cintas Stock Performance

CTAS opened at $202.41 on Friday. The company has a 50 day simple moving average of $200.34 and a two-hundred day simple moving average of $186.01. 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 cap of $81.11 billion, a P/E ratio of 39.92, a PEG ratio of 3.20 and a beta of 0.92. 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 announced its quarterly earnings data on Wednesday, September 23rd. The business services provider reported $1.39 EPS 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 the consensus estimate of $2.98 billion. During the same period last year, the firm earned $1.20 EPS. The company's revenue was up 10.9% on a year-over-year basis. Cintas has set its FY 2027 guidance at 5.450-5.540 EPS. Equities analysts forecast that Cintas Corporation will post 5.52 earnings per share for the current fiscal year.

Cintas Increases Dividend

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

Wall Street Analysts Forecast Growth

CTAS has been the topic of a number of research analyst reports. Citigroup upped their price target on Cintas from $180.00 to $181.00 and gave the company a "sell" rating in a report on Wednesday, September 30th. Bank of America raised shares of Cintas from a "neutral" rating to a "buy" rating and upped their price target for the company from $200.00 to $230.00 in a research report on Thursday, July 16th. Robert W. Baird set a $222.00 price objective on shares of Cintas and gave the stock an "outperform" rating in a report on Thursday, September 24th. Wells Fargo & Company restated an "overweight" rating and set a $250.00 target price (up from $245.00) on shares of Cintas in a research report on Thursday, July 16th. Finally, UBS Group reaffirmed a "buy" rating and set a $235.00 target price (up from $230.00) on shares of Cintas in a 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. Based on data from MarketBeat, Cintas currently has an average rating of "Moderate Buy" and a consensus target price of $218.50.

About Cintas

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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