Cintas Corporation $CTAS Stock Position Increased by Tidal Investments LLC

Key Points

• Tidal Investments increased its Cintas position by 16.3% in the second quarter, acquiring 8,778 additional shares for a total holding worth approximately $10.6 million. Institutional investors own 63.46% of Cintas stock.
• Analysts maintain a “Moderate Buy” consensus on Cintas, with an average price target of $212.31; recent targets range from $206 to $250.
• Cintas exceeded quarterly earnings and revenue expectations, reporting $1.29 EPS and $2.91 billion in revenue, while revenue rose 8.9% year over year. The company also raised its quarterly dividend to $0.52 per share, equating to a 1.0% yield.

Tidal Investments LLC increased its position in Cintas Corporation (NASDAQ:CTAS - Free Report) by 16.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 62,579 shares of the business services provider's stock after buying an additional 8,778 shares during the quarter. Tidal Investments LLC's holdings in Cintas were worth $10,643,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of CTAS. Nemes Rush Group LLC bought a new stake in shares of Cintas in the 4th quarter worth approximately $25,000. First United Bank & Trust bought a new stake in Cintas during the first quarter worth approximately $25,000. Whipplewood Advisors LLC grew its position in Cintas by 1,712.5% in the first quarter. Whipplewood Advisors LLC now owns 145 shares of the business services provider's stock worth $25,000 after buying an additional 137 shares during the last quarter. Swiss RE Ltd. acquired a new position in Cintas in the fourth quarter worth approximately $25,000. Finally, Kemnay Advisory Services Inc. bought a new position in shares of Cintas in the fourth quarter valued at $26,000. Institutional investors own 63.46% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on CTAS. Truist Financial cut their price objective on Cintas from $255.00 to $225.00 and set a "buy" rating for the company in a research report on Monday, June 15th. Royal Bank Of Canada reaffirmed a "sector perform" rating and set a $206.00 target price on shares of Cintas in a research report on Thursday, July 16th. Wells Fargo & Company reaffirmed an "overweight" rating and set a $250.00 target price (up from $245.00) on shares of Cintas in a report on Thursday, July 16th. Sanford C. Bernstein reiterated a "market perform" rating on shares of Cintas in a research report on Thursday. Finally, Bank of America raised Cintas from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $200.00 to $230.00 in a research note on Thursday, July 16th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, Cintas currently has a consensus rating of "Moderate Buy" and a consensus price target of $212.31.

Cintas Trading Up 1.5%

Cintas stock opened at $201.50 on Friday. Cintas Corporation has a 52 week low of $161.16 and a 52 week high of $219.16. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.27 and a current ratio of 1.43. The firm has a market capitalization of $80.63 billion, a price-to-earnings ratio of 53.88, a P/E/G ratio of 3.20 and a beta of 0.91. The company has a 50 day moving average price of $199.96 and a 200 day moving average price of $185.77.

Cintas (NASDAQ:CTAS - Get Free Report) last announced its earnings results on Wednesday, July 15th. The business services provider reported $1.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.24 by $0.05. The company had revenue of $2.91 billion for the quarter, compared to the consensus estimate of $2.87 billion. Cintas had a net margin of 17.75% and a return on equity of 42.05%. The company's revenue was up 8.9% on a year-over-year basis. During the same period in the previous year, the business earned $1.09 EPS. Cintas has set its FY 2027 guidance at 5.360-5.500 EPS. Research analysts forecast that Cintas Corporation will post 5.49 EPS for the current year.

Cintas Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Friday, August 14th will be given a dividend of $0.52 per share. The ex-dividend date of this dividend is Friday, August 14th. This is a positive change from Cintas's previous quarterly dividend of $0.45. This represents a $2.08 annualized dividend and a yield of 1.0%. Cintas's payout ratio is presently 55.61%.

Cintas Company Profile

Cintas Corporation is a provider of workplace products and services for businesses across North America. The company helps organizations manage employee appearance, workplace cleanliness, safety, and compliance through a range of recurring service programs.

Its offerings include uniform rental and workwear, branded apparel, entrance mats, restroom supplies, and facility cleaning services. Cintas also provides first-aid and safety products, training, and fire protection services, including inspection and maintenance programs for fire extinguishers, sprinkler systems, alarms, and related equipment.

Headquartered in Mason, Ohio, Cintas traces its roots to a family-operated industrial laundry business established by Richard T.

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