Danske Bank A S Buys Shares of 195,532 Cintas Corporation $CTAS

Danske Bank A S purchased a new stake in shares of Cintas Corporation (NASDAQ:CTAS - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 195,532 shares of the business services provider's stock, valued at approximately $33,256,000.

A number of other hedge funds have also modified their holdings of CTAS. Nemes Rush Group LLC purchased a new position in Cintas in the fourth quarter valued at about $25,000. First United Bank & Trust acquired a new position in Cintas in the 1st quarter worth about $25,000. Whipplewood Advisors LLC raised its stake in shares of Cintas by 1,712.5% during the 1st quarter. Whipplewood Advisors LLC now owns 145 shares of the business services provider's stock worth $25,000 after purchasing an additional 137 shares in the last quarter. Swiss RE Ltd. purchased a new stake in shares of Cintas during the 4th quarter worth about $25,000. Finally, Camelot Portfolios LLC acquired a new stake in shares of Cintas during the 4th quarter valued at about $26,000. 63.46% of the stock is owned by institutional investors and hedge funds.

Cintas Price Performance

Shares of NASDAQ:CTAS opened at $203.08 on Thursday. The stock has a market capitalization of $81.27 billion, a P/E ratio of 54.30, a P/E/G ratio of 3.22 and a beta of 0.92. The business has a 50-day moving average of $190.18 and a two-hundred day moving average of $184.86. Cintas Corporation has a fifty-two week low of $161.16 and a fifty-two week high of $219.87. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.43 and a quick ratio of 1.27.

Cintas (NASDAQ:CTAS - Get Free Report) last issued its quarterly earnings data 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. Cintas had a return on equity of 42.05% and a net margin of 17.75%.The business had revenue of $2.91 billion for the quarter, compared to analyst estimates of $2.87 billion. During the same quarter in the prior year, the firm posted $1.09 EPS. The firm's revenue for the quarter was up 8.9% on a year-over-year basis. Cintas has set its FY 2027 guidance at 5.360-5.500 EPS. On average, equities research analysts predict that Cintas Corporation will post 5.49 EPS for the current fiscal year.

Cintas Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders 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%. This is a boost from Cintas's previous quarterly dividend of $0.45. The ex-dividend date is Friday, August 14th. Cintas's dividend payout ratio is 55.61%.

Analyst Ratings Changes

Several equities research analysts recently commented on CTAS shares. Truist Financial lowered their price target on Cintas from $255.00 to $225.00 and set a "buy" rating for the company in a research note on Monday, June 15th. UBS Group reaffirmed a "buy" rating and set a $230.00 price objective (up from $228.00) on shares of Cintas in a research report on Thursday, July 16th. Argus upgraded shares of Cintas to a "strong-buy" rating in a research note on Friday, July 17th. Bank of America raised shares of Cintas from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $200.00 to $230.00 in a research report on Thursday, July 16th. Finally, Weiss Ratings upgraded shares of Cintas from a "hold (c)" rating to a "hold (c+)" rating in a report on Friday, July 10th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $212.31.

Cintas Company Profile

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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