Cintas Corporation $CTAS Stock Position Boosted by NFSG Corp

Key Points

• NFSG Corp significantly increased its Cintas position by 15,116% in the third quarter, ending with 11,412 shares valued at approximately $2.23 million. Institutional investors collectively own 63.46% of CTAS.
• Cintas reported quarterly results above expectations, with EPS of $1.39 versus the $1.35 consensus and revenue of $3.01 billion, up 10.9% year over year. The company issued fiscal 2027 EPS guidance of $5.45–$5.54.
• Cintas raised its quarterly dividend from $0.45 to $0.52 per share, equating to a 1.0% annualized yield. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $218.50.

NFSG Corp raised its position in Cintas Corporation (NASDAQ:CTAS - Free Report) by 15,116.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,412 shares of the business services provider's stock after acquiring an additional 11,337 shares during the quarter. NFSG Corp's holdings in Cintas were worth $2,226,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of CTAS. First United Bank & Trust purchased a new position in shares of Cintas in the first quarter valued at $25,000. Whipplewood Advisors LLC grew its holdings in Cintas by 1,712.5% during the 1st quarter. Whipplewood Advisors LLC now owns 145 shares of the business services provider's stock valued at $25,000 after purchasing an additional 137 shares in the last quarter. Meeder Asset Management Inc. acquired a new stake in Cintas during the 2nd quarter valued at $27,000. Archer Investment Corp purchased a new stake in Cintas during the 1st quarter worth $32,000. Finally, Highland Investment Advisors LLC purchased a new stake in Cintas during the 2nd quarter worth $32,000. Institutional investors and hedge funds own 63.46% of the company's stock.

Cintas Stock Up 2.1%

CTAS stock opened at $213.06 on Friday. Cintas Corporation has a twelve month low of $161.16 and a twelve month high of $219.16. The company has a current ratio of 1.45, a quick ratio of 1.29 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $84.60 billion, a P/E ratio of 42.02, a PEG ratio of 3.32 and a beta of 0.92. The firm has a 50 day simple moving average of $200.78 and a 200-day simple moving average of $187.06.

Cintas (NASDAQ:CTAS - Get Free Report) last issued its quarterly 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. The business had revenue of $3.01 billion during the quarter, compared to analyst estimates of $2.98 billion. Cintas had a net margin of 17.82% and a return on equity of 42.57%. The business's revenue was up 10.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.20 earnings per share. Cintas has set its FY 2027 guidance at 5.450-5.540 EPS. On average, equities research analysts predict that Cintas Corporation will post 5.52 earnings per share for the current fiscal year.

Cintas Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Friday, August 14th were given a $0.52 dividend. 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 payout ratio is 41.03%.

Analysts Set New Price Targets

CTAS has been the topic of a number of recent analyst reports. The Goldman Sachs Group boosted their price objective on shares of Cintas from $231.00 to $239.00 and gave the stock a "buy" rating in a report on Thursday, September 24th. Royal Bank Of Canada restated a "sector perform" rating and set a $206.00 target price on shares of Cintas in a research note on Thursday, September 24th. Rothschild & Co Redburn raised their target price on Cintas from $184.00 to $198.00 and gave the company a "neutral" rating in a research note on Tuesday, July 28th. Wells Fargo & Company reaffirmed 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, Jefferies Financial Group lifted their target price on Cintas from $200.00 to $210.00 and gave the stock a "hold" rating in a research report on Thursday, July 16th. Ten research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $218.50.

Cintas Company 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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