Cintas Corporation $CTAS Stock Purchased by Signal Advisors Wealth LLC

Key Points

• Signal Advisors Wealth LLC increased its Cintas stake by 39.4% in the third quarter, bringing its holdings to 23,996 shares valued at approximately $4.68 million. Institutional investors collectively own 63.46% of Cintas.
• Cintas reported quarterly earnings of $1.39 per share, exceeding estimates by $0.04, while revenue rose 10.9% year over year to $3.01 billion. The company issued fiscal 2027 EPS guidance of $5.45–$5.54.
• The company raised its quarterly dividend to $0.52 per share, or $2.08 annually, representing a 1.0% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $218.50.

Signal Advisors Wealth LLC increased its holdings in shares of Cintas Corporation (NASDAQ:CTAS - Free Report) by 39.4% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 23,996 shares of the business services provider's stock after purchasing an additional 6,778 shares during the period. Signal Advisors Wealth LLC's holdings in Cintas were worth $4,681,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Rehmann Capital Advisory Group raised its stake in Cintas by 1.6% in the second quarter. Rehmann Capital Advisory Group now owns 3,355 shares of the business services provider's stock worth $580,000 after buying an additional 54 shares in the last quarter. Whittier Trust Co. of Nevada Inc. lifted its holdings in Cintas by 0.8% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 7,198 shares of the business services provider's stock worth $1,236,000 after buying an additional 58 shares during the period. Sachetta LLC boosted its position in Cintas by 46.0% during the 1st quarter. Sachetta LLC now owns 200 shares of the business services provider's stock valued at $34,000 after acquiring an additional 63 shares in the last quarter. First National Bank of Mount Dora Trust Investment Services boosted its position in Cintas by 0.4% during the 2nd quarter. First National Bank of Mount Dora Trust Investment Services now owns 17,447 shares of the business services provider's stock valued at $2,967,000 after acquiring an additional 70 shares in the last quarter. Finally, Rockland Trust Co. boosted its position in Cintas by 4.4% during the 2nd quarter. Rockland Trust Co. now owns 1,661 shares of the business services provider's stock valued at $283,000 after acquiring an additional 70 shares in the last quarter. 63.46% of the stock is currently owned by institutional investors.

Cintas Trading Up 0.6%

NASDAQ CTAS opened at $206.38 on Wednesday. Cintas Corporation has a 52 week low of $161.16 and a 52 week high of $219.16. The company has a 50 day moving average price of $200.42 and a 200 day moving average price of $186.44. The company has a quick ratio of 1.29, a current ratio of 1.45 and a debt-to-equity ratio of 0.27. The firm has a market cap of $81.95 billion, a PE ratio of 40.71, a price-to-earnings-growth ratio of 3.26 and a beta of 0.92.

Cintas (NASDAQ:CTAS - Get Free Report) last posted its earnings results on Wednesday, September 23rd. The business services provider reported $1.39 EPS for the quarter, beating analysts' consensus estimates of $1.35 by $0.04. The company had revenue of $3.01 billion during the quarter, compared to analysts' expectations of $2.98 billion. Cintas had a net margin of 17.82% and a return on equity of 42.57%. Cintas's revenue for the quarter was up 10.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.20 earnings per share. Cintas has set its FY 2027 guidance at 5.450-5.540 EPS. As a group, sell-side analysts forecast that Cintas Corporation will post 5.52 EPS for the current fiscal year.

Cintas Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Friday, August 14th were issued a dividend of $0.52 per share. The ex-dividend date was Friday, August 14th. This represents a $2.08 annualized dividend and a dividend yield of 1.0%. This is a boost from Cintas's previous quarterly dividend of $0.45. Cintas's dividend payout ratio (DPR) is currently 41.03%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Wells Fargo & Company reiterated an "overweight" rating and issued a $250.00 price target (up from $245.00) on shares of Cintas in a report on Thursday, July 16th. Citigroup upped their price objective on Cintas from $180.00 to $181.00 and gave the stock a "sell" rating in a research note on Wednesday, September 30th. The Goldman Sachs Group raised 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. Royal Bank Of Canada reaffirmed a "sector perform" rating and set a $206.00 price objective on shares of Cintas in a research report on Thursday, September 24th. Finally, Argus lifted their target price on Cintas from $230.00 to $240.00 and gave the company a "buy" rating in a research note on Tuesday, September 29th. Ten research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Cintas has an average rating of "Moderate Buy" and a consensus 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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