Diversify Advisory Services LLC Invests $3.01 Million in Cintas Corporation $CTAS

Key Points

• Diversify Advisory Services acquired 14,268 Cintas shares worth approximately $3.01 million in the second quarter, while institutional investors and hedge funds collectively own 63.46% of the stock.
• Cintas exceeded quarterly expectations, reporting $1.29 in earnings per share and $2.91 billion in revenue, with year-over-year revenue growth of 8.9%. The company provided fiscal 2027 EPS guidance of $5.36–$5.50.
• Cintas raised its quarterly dividend from $0.45 to $0.52 per share, producing a 1.0% annualized yield. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $212.31.

Diversify Advisory Services LLC bought a new stake in shares of Cintas Corporation (NASDAQ:CTAS - Free Report) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 14,268 shares of the business services provider's stock, valued at approximately $3,010,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CTAS. Wealthfront Advisers LLC acquired a new position in shares of Cintas in the 2nd quarter valued at about $10,471,000. First National Bank of Omaha purchased a new stake in Cintas in the 2nd quarter worth approximately $2,829,000. Alpine Woods Capital Investors LLC acquired a new stake in shares of Cintas during the 2nd quarter worth approximately $588,000. Meeder Advisory Services Inc. acquired a new stake in shares of Cintas during the 2nd quarter worth approximately $3,028,000. Finally, Meeder Asset Management Inc. purchased a new position in shares of Cintas during the 2nd quarter valued at approximately $27,000. 63.46% of the stock is owned by institutional investors and hedge funds.

Cintas Price Performance

Cintas stock opened at $199.45 on Wednesday. The company's fifty day moving average price is $189.72 and its 200 day moving average price is $184.77. Cintas Corporation has a 1 year low of $161.16 and a 1 year high of $219.87. The stock has a market capitalization of $79.81 billion, a P/E ratio of 53.33, a P/E/G ratio of 3.22 and a beta of 0.91. 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 posted its quarterly earnings data on Wednesday, July 15th. The business services provider reported $1.29 earnings per share for the quarter, topping analysts' consensus estimates of $1.24 by $0.05. The company had revenue of $2.91 billion during the quarter, compared to analysts' expectations of $2.87 billion. Cintas had a net margin of 17.75% and a return on equity of 42.05%. The firm's revenue for the quarter was up 8.9% on a year-over-year basis. During the same period in the prior year, the business posted $1.09 earnings per share. Cintas has set its FY 2027 guidance at 5.360-5.500 EPS. As a group, equities research analysts anticipate that Cintas Corporation will post 5.49 earnings per share for the current fiscal year.

Cintas Increases Dividend

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

Analyst Upgrades and Downgrades

CTAS has been the subject of several analyst reports. Wells Fargo & Company reiterated an "overweight" rating and issued a $250.00 target price (up from $245.00) on shares of Cintas in a research note on Thursday, July 16th. Robert W. Baird raised their price target on shares of Cintas from $200.00 to $214.00 and gave the company an "outperform" rating in a research report on Thursday, July 16th. Bank of America raised shares of Cintas from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $200.00 to $230.00 in a report on Thursday, July 16th. Truist Financial decreased their price objective on shares of Cintas from $255.00 to $225.00 and set a "buy" rating for the company in a research report on Monday, June 15th. Finally, The Goldman Sachs Group reissued a "buy" rating and set a $231.00 target price on shares of Cintas in a research note on Wednesday, July 15th. 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 company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $212.31.

Cintas 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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