CYBER HORNET ETFs LLC Increases Stake in Cintas Corporation $CTAS

Key Points

• CYBER HORNET ETFs LLC increased its Cintas stake by 1,293.2% during the second quarter, owning 13,068 shares valued at approximately $2.22 million. Institutional investors and hedge funds collectively hold 63.46% of the company.
• Cintas reported quarterly EPS of $1.29, beating estimates by $0.05, while revenue rose 8.9% year over year to $2.91 billion. The company issued fiscal 2027 EPS guidance of $5.36–$5.50.
• Cintas raised its quarterly dividend to $0.52 per share, equivalent to a $2.08 annualized payout and a 1.0% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $212.31.

CYBER HORNET ETFs LLC grew its holdings in Cintas Corporation (NASDAQ:CTAS - Free Report) by 1,293.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,068 shares of the business services provider's stock after acquiring an additional 12,130 shares during the period. Cintas comprises approximately 0.7% of CYBER HORNET ETFs LLC's portfolio, making the stock its 20th largest position. CYBER HORNET ETFs LLC's holdings in Cintas were worth $2,223,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. AMG National Trust Bank acquired a new stake in shares of Cintas in the 2nd quarter valued at $1,973,000. Summit Global Investments acquired a new position in shares of Cintas during the second quarter worth $950,000. TimesSquare Capital Management LLC acquired a new position in shares of Cintas during the second quarter worth $62,057,000. Oppenheimer Asset Management Inc. purchased a new position in Cintas in the second quarter valued at $4,972,000. Finally, BlackRock Inc. acquired a new stake in Cintas in the second quarter valued at $4,520,425,000. 63.46% of the stock is currently owned by institutional investors and hedge funds.

Cintas Price Performance

CTAS stock opened at $200.47 on Monday. The company has a current ratio of 1.43, a quick ratio of 1.27 and a debt-to-equity ratio of 0.28. The company's 50-day moving average price is $197.47 and its 200 day moving average price is $185.59. Cintas Corporation has a 52 week low of $161.16 and a 52 week high of $219.16. The company has a market cap of $80.22 billion, a P/E ratio of 53.60, a P/E/G ratio of 3.24 and a beta of 0.91.

Cintas (NASDAQ:CTAS - Get Free Report) last posted its quarterly earnings results on Wednesday, July 15th. The business services provider reported $1.29 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.24 by $0.05. The company had revenue of $2.91 billion during 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 for the quarter was up 8.9% on a year-over-year basis. During the same period last year, the firm earned $1.09 EPS. Cintas has set its FY 2027 guidance at 5.360-5.500 EPS. On average, research analysts expect that Cintas Corporation will post 5.49 earnings per share for the current fiscal year.

Cintas Increases Dividend

The company also recently disclosed 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 is a boost from Cintas's previous quarterly dividend of $0.45. This represents a $2.08 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Friday, August 14th. Cintas's payout ratio is presently 55.61%.

Analyst Ratings Changes

CTAS has been the subject of a number of recent analyst reports. Truist Financial decreased their price target on Cintas from $255.00 to $225.00 and set a "buy" rating for the company in a report on Monday, June 15th. Argus raised Cintas to a "strong-buy" rating in a research report on Friday, July 17th. Robert W. Baird boosted their target price on Cintas from $200.00 to $214.00 and gave the stock an "outperform" rating in a research note on Thursday, July 16th. Bank of America raised 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 report on Thursday, July 16th. Finally, Wells Fargo & Company reiterated an "overweight" rating and issued a $250.00 price target (up from $245.00) on shares of Cintas in a research note on Thursday, July 16th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $212.31.

About Cintas

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.

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