Corient Private Wealth LP Has $36.53 Million Position in Cintas Corporation $CTAS

Corient Private Wealth LP lifted its holdings in shares of Cintas Corporation (NASDAQ:CTAS - Free Report) by 108.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 214,800 shares of the business services provider's stock after buying an additional 111,729 shares during the period. Corient Private Wealth LP owned about 0.05% of Cintas worth $36,533,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Nemes Rush Group LLC bought a new stake in shares of Cintas during the 4th quarter worth approximately $25,000. First United Bank & Trust bought a new stake in Cintas during the first quarter worth $25,000. Whipplewood Advisors LLC lifted its stake in Cintas by 1,712.5% in the first quarter. Whipplewood Advisors LLC now owns 145 shares of the business services provider's stock valued at $25,000 after acquiring an additional 137 shares during the last quarter. Swiss RE Ltd. bought a new position in shares of Cintas in the 4th quarter valued at about $25,000. Finally, Kemnay Advisory Services Inc. acquired a new position in shares of Cintas during the 4th quarter worth about $26,000. Institutional investors own 63.46% of the company's stock.

Cintas Price Performance

Shares of CTAS opened at $201.50 on Monday. Cintas Corporation has a 52 week low of $161.16 and a 52 week high of $219.16. The firm has a market cap of $80.63 billion, a P/E ratio of 53.88, a price-to-earnings-growth ratio of 3.25 and a beta of 0.91. The firm's 50-day simple moving average is $199.96 and its 200 day simple moving average is $185.68. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.27 and a current ratio of 1.43.

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

Cintas Increases Dividend

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

Analysts Set New Price Targets

Several brokerages recently issued reports on CTAS. Truist Financial cut their target price on shares of Cintas from $255.00 to $225.00 and set a "buy" rating for the company in a research note on Monday, June 15th. Royal Bank Of Canada restated a "sector perform" rating and issued a $206.00 price objective on shares of Cintas in a research note on Thursday, July 16th. UBS Group reaffirmed a "buy" rating and issued a $230.00 price objective (up from $228.00) on shares of Cintas in a research report on Thursday, July 16th. Argus upgraded Cintas to a "strong-buy" rating in a research note on Friday, July 17th. Finally, Weiss Ratings upgraded Cintas from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Friday. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $212.31.

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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