Cintas Corporation $CTAS Stock Holdings Lifted by NorthCrest Asset Manangement LLC

Key Points

• NorthCrest Asset Management increased its Cintas stake by 396% in the third quarter, bringing its holdings to 5,957 shares valued at approximately $1.16 million. Institutional investors collectively own 63.46% of the company.
• Cintas reported quarterly EPS of $1.39, beating 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.
• Analyst sentiment remains favorable, with 10 Buy, six Hold and one Sell rating; the stock has an average rating of “Moderate Buy” and an average price target of $218.50.

NorthCrest Asset Manangement LLC lifted its position in shares of Cintas Corporation (NASDAQ:CTAS - Free Report) by 396.0% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 5,957 shares of the business services provider's stock after buying an additional 4,756 shares during the quarter. NorthCrest Asset Manangement LLC's holdings in Cintas were worth $1,162,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Perpetual Ltd purchased a new position in Cintas in the 3rd quarter worth approximately $223,000. GK Wealth Management LLC bought a new position in Cintas in the 3rd quarter worth approximately $54,000. Balefire LLC grew its holdings in Cintas by 56.3% during the 3rd quarter. Balefire LLC now owns 2,906 shares of the business services provider's stock valued at $567,000 after buying an additional 1,047 shares in the last quarter. Bullock Wealth Management Group grew its holdings in Cintas by 4.3% during the 3rd quarter. Bullock Wealth Management Group now owns 3,724 shares of the business services provider's stock valued at $722,000 after buying an additional 153 shares in the last quarter. Finally, Wedmont Private Capital grew its holdings in Cintas by 165.8% during the 3rd quarter. Wedmont Private Capital now owns 27,965 shares of the business services provider's stock valued at $5,455,000 after buying an additional 17,445 shares in the last quarter. Institutional investors own 63.46% of the company's stock.

Cintas Trading Up 2.1%

Shares of CTAS opened at $213.06 on Friday. The company's fifty day moving average is $200.78 and its 200 day moving average is $187.06. Cintas Corporation has a fifty-two week low of $161.16 and a fifty-two week high of $219.16. The stock has a market capitalization of $84.60 billion, a PE ratio of 42.02, a P/E/G ratio of 3.32 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.

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 (EPS) 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 company had revenue of $3.01 billion for the quarter, compared to the consensus estimate of $2.98 billion. During the same quarter in the prior year, the firm earned $1.20 earnings per share. Cintas'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. Sell-side analysts expect 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. Stockholders of record on Friday, August 14th were issued a $0.52 dividend. This is a boost from Cintas's previous quarterly dividend of $0.45. The ex-dividend date was Friday, August 14th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.0%. Cintas's payout ratio is presently 41.03%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on CTAS shares. Citigroup lifted their price objective on shares of Cintas from $180.00 to $181.00 and gave the company a "sell" rating in a research report on Wednesday, September 30th. UBS Group restated a "buy" rating and set a $235.00 target price (up from $230.00) on shares of Cintas in a research report on Thursday, September 24th. Jefferies Financial Group upped their target price on shares of Cintas from $200.00 to $210.00 and gave the stock a "hold" rating in a research report on Thursday, July 16th. Argus raised their target price on shares of Cintas from $230.00 to $240.00 and gave the company a "buy" rating in a research note on Tuesday, September 29th. Finally, Sanford C. Bernstein reaffirmed a "market perform" rating on shares of Cintas in a research note on Thursday, September 10th. Ten equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price 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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