Envestnet Portfolio Solutions Inc. Grows Holdings in Cintas Corporation $CTAS

Key Points

• Envestnet Portfolio Solutions more than doubled its Cintas stake in the second quarter, increasing holdings by 121.2% to 26,415 shares valued at approximately $4.5 million. Institutional investors collectively own 63.46% of CTAS.
• Cintas reported strong quarterly results, with revenue rising 10.9% year over year to $3.01 billion and adjusted EPS of $1.39 beating estimates. Management raised fiscal 2027 guidance and increased the quarterly dividend to $0.52 per share.
• Analyst sentiment is generally favorable, with a consensus “Moderate Buy” rating and a $214 price target, though the stock’s roughly 39x earnings valuation and uncertainty surrounding the proposed UniFirst merger could limit near-term upside.

Envestnet Portfolio Solutions Inc. increased its stake in shares of Cintas Corporation (NASDAQ:CTAS - Free Report) by 121.2% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 26,415 shares of the business services provider's stock after acquiring an additional 14,475 shares during the quarter. Envestnet Portfolio Solutions Inc.'s holdings in Cintas were worth $4,493,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Nemes Rush Group LLC bought a new position in shares of Cintas during the 4th quarter valued at about $25,000. First United Bank & Trust purchased a new stake in shares of Cintas in the first quarter worth about $25,000. Whipplewood Advisors LLC lifted its position in shares of Cintas by 1,712.5% in the first quarter. Whipplewood Advisors LLC now owns 145 shares of the business services provider's stock worth $25,000 after buying an additional 137 shares in the last quarter. Meeder Asset Management Inc. bought a new position in Cintas during the second quarter valued at approximately $27,000. Finally, Archer Investment Corp bought a new position in Cintas during the first quarter valued at approximately $32,000. 63.46% of the stock is owned by hedge funds and other institutional investors.

More Cintas News

Here are the key news stories impacting Cintas this week:

• Positive Sentiment: Cintas reported first-quarter revenue of $3.01 billion, up 10.9% year over year, while adjusted EPS of $1.39 exceeded the $1.35 consensus estimate. Organic revenue growth, margin expansion and strong execution reinforced investor confidence. CTAS Q1 Earnings & Revenues Beat Estimates on Margin Gains
• Positive Sentiment: Management raised fiscal 2027 guidance to revenue of $12.15 billion-$12.27 billion and adjusted EPS of $5.45-$5.54. The company also repurchased approximately $544.7 million of shares, supporting per-share growth and shareholder returns. Cintas gains after strong quarterly results and higher fiscal 2027 outlook
• Positive Sentiment: Analysts raised their valuation estimates after the report. Truist increased its price target to $230 from $225 and maintained a Buy rating, while Baird lifted its target to $222 from $214 and kept an Outperform rating. Some analysis suggests the shares remain roughly 6% undervalued. Truist lifts price target on Cintas
• Neutral Sentiment: The proposed UniFirst merger is viewed as a potentially important future catalyst, but analysts are awaiting additional details and clarity in the next quarter. RBC maintained a Sector Perform rating with a $206 target, illustrating a more cautious view. Bernstein on Cintas results and UniFirst clarity
• Negative Sentiment: At roughly 39 times earnings, Cintas is priced for continued strong growth. Some analysts argue that much of the near-term improvement is already reflected in the stock, limiting upside unless investors take a longer-term view. Recent insider activity has also consisted of sales rather than purchases. Is Cintas a Buy After Its Latest Earnings Report?

Analyst Upgrades and Downgrades

A number of analysts have issued reports on CTAS shares. Weiss Ratings raised Cintas from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Friday, September 11th. Wells Fargo & Company reiterated an "overweight" rating and set a $250.00 target price (up from $245.00) on shares of Cintas in a research report on Thursday, July 16th. Bank of America raised shares of Cintas from a "neutral" rating to a "buy" rating and raised their target price for the company from $200.00 to $230.00 in a report on Thursday, July 16th. Royal Bank Of Canada restated a "sector perform" rating and issued a $206.00 price target on shares of Cintas in a research report on Thursday. Finally, Citigroup reiterated a "sell" rating and set a $180.00 price objective (up from $175.00) on shares of Cintas in a research report on Tuesday. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $214.00.

Cintas Stock Performance

Cintas stock opened at $199.91 on Friday. The company has a 50 day moving average price of $202.19 and a 200-day moving average price of $185.60. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.27 and a current ratio of 1.45. Cintas Corporation has a fifty-two week low of $161.16 and a fifty-two week high of $219.16. The company has a market capitalization of $80.10 billion, a PE ratio of 39.43, a P/E/G ratio of 3.14 and a beta of 0.91.

Cintas (NASDAQ:CTAS - Get Free Report) last announced its quarterly earnings data on Wednesday, September 23rd. The business services provider reported $1.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.35 by $0.04. The company had revenue of $3.01 billion for the quarter, compared to analysts' expectations of $2.98 billion. Cintas had a return on equity of 42.57% and a net margin of 17.82%.Cintas's revenue was up 10.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.20 earnings per share. Cintas has set its FY 2027 guidance at 5.450-5.540 EPS. As a group, equities analysts forecast that Cintas Corporation will post 5.51 earnings per share for the current year.

Cintas Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Friday, August 14th were given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend was Friday, August 14th. This is a positive change from Cintas's previous quarterly dividend of $0.45. Cintas's dividend payout ratio is currently 55.61%.

About Cintas

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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