Citizens Financial Group Inc. RI purchased a new stake in Cintas Corporation (NASDAQ:CTAS - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 44,256 shares of the business services provider's stock, valued at approximately $7,527,000.
A number of other institutional investors also recently modified their holdings of CTAS. BlackRock Inc. acquired a new position in Cintas in the 2nd quarter valued at $4,520,425,000. Norges Bank bought a new position in Cintas in the 4th quarter worth $923,672,000. Bank of New York Mellon Corp bought a new position in Cintas in the 2nd quarter worth $644,334,000. Deutsche Bank AG acquired a new position in Cintas during the 2nd quarter worth $204,831,000. Finally, Two Sigma Investments LP lifted its position in Cintas by 5,641.3% during the 3rd quarter. Two Sigma Investments LP now owns 1,016,671 shares of the business services provider's stock worth $208,682,000 after acquiring an additional 998,963 shares during the last quarter. Institutional investors own 63.46% of the company's stock.
Cintas Price Performance
Shares of NASDAQ:CTAS opened at $197.82 on Tuesday. The firm has a market capitalization of $79.16 billion, a PE ratio of 52.89, a PEG ratio of 3.22 and a beta of 0.91. The company has a current ratio of 1.43, a quick ratio of 1.27 and a debt-to-equity ratio of 0.28. Cintas Corporation has a 1-year low of $161.16 and a 1-year high of $219.87. The business's 50 day moving average is $189.33 and its 200-day moving average is $184.70.
Cintas (NASDAQ:CTAS - Get Free Report) last issued its earnings results on Wednesday, July 15th. The business services provider reported $1.29 EPS for the quarter, beating analysts' consensus estimates of $1.24 by $0.05. The business had revenue of $2.91 billion during the quarter, compared to analyst estimates of $2.87 billion. Cintas had a return on equity of 42.05% and a net margin of 17.75%.Cintas's revenue was up 8.9% on a year-over-year basis. During the same period in the prior year, the company posted $1.09 earnings per share. Cintas has set its FY 2027 guidance at 5.360-5.500 EPS. Sell-side analysts predict that Cintas Corporation will post 5.49 earnings per share for the current year.
Cintas Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Friday, August 14th will be paid a $0.52 dividend. The ex-dividend date is Friday, August 14th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.1%. This is a positive change from Cintas's previous quarterly dividend of $0.45. Cintas's dividend payout ratio is currently 55.61%.
Wall Street Analyst Weigh In
CTAS has been the topic of several research analyst reports. Weiss Ratings raised Cintas from a "hold (c)" rating to a "hold (c+)" rating in a research report on Friday, July 10th. Bank of America raised Cintas from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $200.00 to $230.00 in a research report on Thursday, July 16th. 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, July 16th. Argus raised Cintas to a "strong-buy" rating in a research report on Friday, July 17th. Finally, UBS Group reiterated a "buy" rating and set a $230.00 price target (up from $228.00) on shares of Cintas in a report on Thursday, July 16th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $212.31.
Read Our Latest Stock Report on CTAS
About Cintas
(
Free Report)
Cintas Corporation NASDAQ: CTAS is a provider of business services and products focused on workplace appearance, safety and facility maintenance. The company is best known for its uniform rental and corporate apparel programs, which include rental, leasing and direct-purchase options, laundering and garment repair. Cintas markets its services to a wide range of end-users, including manufacturing, food service, healthcare, hospitality, retail and government customers.
Beyond uniforms, Cintas offers a suite of facility services and products designed to help organizations maintain clean, safe and compliant workplaces.
Further Reading
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