Cintas Corporation $CTAS Stock Purchased by Cyndeo Wealth Partners LLC

Key Points

• Cyndeo Wealth Partners increased its Cintas stake by 522.7% in the third quarter, ending with 8,319 shares valued at approximately $1.62 million. Institutional investors collectively own 63.46% of the company.
• Cintas exceeded quarterly expectations, reporting $1.39 in EPS and $3.01 billion in revenue, with revenue up 10.9% year over year. The company issued fiscal 2027 EPS guidance of $5.45–$5.54.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $218.50, while Cintas raised its quarterly dividend to $0.52 per share, representing a 1.0% annualized yield.

Cyndeo Wealth Partners LLC grew its position in shares of Cintas Corporation (NASDAQ:CTAS - Free Report) by 522.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,319 shares of the business services provider's stock after buying an additional 6,983 shares during the quarter. Cyndeo Wealth Partners LLC's holdings in Cintas were worth $1,623,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the company. BlackRock Inc. bought a new position in Cintas in the second quarter valued at about $4,520,425,000. Bank of New York Mellon Corp purchased a new position in Cintas in the second quarter worth about $644,334,000. Amundi boosted its position in 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 during the 2nd quarter valued at about $386,159,000. Finally, Pictet Asset Management Holding SA grew its stake in shares of 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. Institutional investors own 63.46% of the company's stock.

Analyst Ratings Changes

Several research firms have recently commented on CTAS. 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. Royal Bank Of Canada reissued a "sector perform" rating and issued a $206.00 price objective on shares of Cintas in a report on Thursday, September 24th. The Goldman Sachs Group raised 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. Robert W. Baird set a $222.00 target price on shares of Cintas and gave the company an "outperform" rating in a research report on Thursday, September 24th. Finally, Sanford C. Bernstein reaffirmed a "market perform" rating on shares of Cintas in a report on Thursday, September 10th. Ten research 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's stock. According to MarketBeat, Cintas presently has an average rating of "Moderate Buy" and an average target price of $218.50.

Cintas Price Performance

NASDAQ CTAS opened at $213.69 on Friday. The company has a market capitalization of $84.85 billion, a PE ratio of 42.15, a price-to-earnings-growth ratio of 3.40 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. The business's fifty day moving average is $200.99 and its 200 day moving average is $187.24. Cintas Corporation has a fifty-two week low of $161.16 and a fifty-two week high of $219.16.

Cintas (NASDAQ:CTAS - Get Free Report) last issued its quarterly earnings results on Wednesday, September 23rd. The business services provider reported $1.39 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 prior year, the business posted $1.20 earnings per share. The business's quarterly 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 predict that Cintas Corporation will post 5.52 earnings per share for the current year.

Cintas Increases Dividend

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

Cintas Profile

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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