Cintas Corporation $CTAS Stock: IFP Advisors Inc Raises Position

Key Points

• IFP Advisors increased its Cintas position by 145.2% in the third quarter, bringing its holdings to 35,027 shares worth approximately $6.83 million. Institutional investors collectively own 63.46% of CTAS.
• Cintas exceeded quarterly expectations, reporting $1.39 in EPS and $3.01 billion in revenue, with revenue rising 10.9% year over year. The company guided to fiscal 2027 EPS of $5.45–$5.54.
• Cintas raised its quarterly dividend from $0.45 to $0.52 per share, while analysts maintained a “Moderate Buy” consensus and an average price target of $218.50.

IFP Advisors Inc increased its position in Cintas Corporation (NASDAQ:CTAS - Free Report) by 145.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 35,027 shares of the business services provider's stock after buying an additional 20,740 shares during the period. IFP Advisors Inc's holdings in Cintas were worth $6,832,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. AMG National Trust Bank purchased a new position in shares of Cintas during the 2nd quarter worth $1,973,000. Summit Global Investments acquired a new stake in shares of Cintas during the second quarter worth $950,000. TimesSquare Capital Management LLC acquired a new stake in shares of Cintas during the second quarter worth $62,057,000. Oppenheimer Asset Management Inc. acquired a new stake in shares of Cintas during the second quarter worth $4,972,000. Finally, BlackRock Inc. purchased a new stake in shares of Cintas in the second quarter valued at $4,520,425,000. Institutional investors and hedge funds own 63.46% of the company's stock.

Cintas Stock Performance

NASDAQ CTAS opened at $213.69 on Monday. The firm has a market capitalization of $84.85 billion, a P/E ratio of 42.15, a P/E/G ratio of 3.40 and a beta of 0.92. Cintas Corporation has a 1-year low of $161.16 and a 1-year high of $219.16. 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 business's 50-day simple moving average is $200.99 and its 200-day simple moving average is $187.37.

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 (EPS) for the quarter, topping analysts' consensus estimates of $1.35 by $0.04. Cintas had a return on equity of 42.57% and a net margin of 17.82%. The business had revenue of $3.01 billion during the quarter, compared to analysts' expectations of $2.98 billion. During the same quarter in the previous year, the business earned $1.20 EPS. The company's revenue for the quarter 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 predict that Cintas Corporation will post 5.52 EPS for the current 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 issued a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 1.0%. The ex-dividend date was Friday, August 14th. This is a positive change from Cintas's previous quarterly dividend of $0.45. Cintas's dividend payout ratio (DPR) is presently 41.03%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on CTAS shares. The Goldman Sachs Group lifted their price objective on Cintas from $231.00 to $239.00 and gave the company a "buy" rating in a research report on Thursday, September 24th. Rothschild & Co Redburn increased their target price on Cintas from $184.00 to $198.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 28th. Wells Fargo & Company reiterated 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. Weiss Ratings raised Cintas from a "buy (b-)" rating to a "buy (b)" rating in a research note on Friday, October 9th. Finally, Citigroup raised their price target on Cintas from $180.00 to $181.00 and gave the stock a "sell" rating in a research note on Wednesday, September 30th. Ten analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $218.50.

About Cintas

Cintas Corporation provides workplace products and services to businesses and other organizations, primarily in the United States and Canada. The company is best known for designing, supplying, laundering and maintaining uniforms, workwear and related apparel for employees across a range of industries.

Its offerings also include facility services such as entrance mats, restroom supplies, hygiene products, janitorial supplies and document management. Through its first aid and safety business, Cintas provides first-aid products, safety training and related workplace solutions.

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