EP Wealth Advisors LLC Invests $8.89 Million in Cintas Corporation $CTAS

Key Points

• EP Wealth Advisors acquired a new $8.89 million stake in Cintas during the second quarter, purchasing 52,257 shares. Institutional investors and hedge funds collectively own 63.46% of the company.
• Cintas reported quarterly earnings and revenue above analyst expectations, with EPS of $1.29 and revenue of $2.91 billion, up 8.9% year over year. The company provided fiscal 2027 EPS guidance of $5.36–$5.50.
• Cintas increased its quarterly dividend from $0.45 to $0.52 per share, implying a $2.08 annual payout and a 1.0% yield. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $212.31.

EP Wealth Advisors LLC purchased a new stake in shares of Cintas Corporation (NASDAQ:CTAS - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 52,257 shares of the business services provider's stock, valued at approximately $8,888,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC raised its stake in shares of Cintas by 9.3% during the fourth quarter. Brighton Jones LLC now owns 1,268 shares of the business services provider's stock worth $232,000 after buying an additional 108 shares during the last quarter. Sivia Capital Partners LLC grew its holdings in Cintas by 42.3% during the 2nd quarter. Sivia Capital Partners LLC now owns 1,441 shares of the business services provider's stock worth $321,000 after acquiring an additional 428 shares during the period. Gamco Investors INC. ET AL bought a new stake in shares of Cintas during the 2nd quarter valued at $625,000. Treasurer of the State of North Carolina raised its position in shares of Cintas by 20.3% during the 2nd quarter. Treasurer of the State of North Carolina now owns 212,192 shares of the business services provider's stock valued at $47,291,000 after acquiring an additional 35,781 shares during the last quarter. Finally, Ieq Capital LLC lifted its stake in shares of Cintas by 50.2% in the 2nd quarter. Ieq Capital LLC now owns 92,924 shares of the business services provider's stock valued at $20,710,000 after purchasing an additional 31,068 shares during the period. 63.46% of the stock is currently owned by institutional investors and hedge funds.

Cintas Price Performance

Shares of CTAS stock opened at $203.79 on Friday. Cintas Corporation has a 12-month low of $161.16 and a 12-month high of $219.16. The firm has a market capitalization of $81.55 billion, a price-to-earnings ratio of 54.49, a price-to-earnings-growth ratio of 3.29 and a beta of 0.92. The company has a quick ratio of 1.27, a current ratio of 1.43 and a debt-to-equity ratio of 0.28. The firm has a fifty day moving average of $191.16 and a 200-day moving average of $185.08.

Cintas (NASDAQ:CTAS - Get Free Report) last posted its earnings results on Wednesday, July 15th. The business services provider reported $1.29 earnings per share for the quarter, topping the consensus estimate of $1.24 by $0.05. Cintas had a return on equity of 42.05% and a net margin of 17.75%.The firm had revenue of $2.91 billion for the quarter, compared to analyst estimates of $2.87 billion. During the same period in the previous year, the company posted $1.09 earnings per share. The company'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 forecast that Cintas Corporation will post 5.49 earnings per share for the current year.

Cintas Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders 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. The ex-dividend date is Friday, August 14th. This represents a $2.08 annualized dividend and a dividend yield of 1.0%. Cintas's dividend payout ratio (DPR) is presently 55.61%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on CTAS. Argus upgraded Cintas to a "strong-buy" rating in a research report on Friday, July 17th. Wells Fargo & Company reiterated an "overweight" rating and issued a $250.00 price objective (up from $245.00) on shares of Cintas in a report on Thursday, July 16th. Robert W. Baird increased their target price on Cintas from $200.00 to $214.00 and gave the company an "outperform" rating in a research note on Thursday, July 16th. The Goldman Sachs Group restated a "buy" rating and set a $231.00 target price on shares of Cintas in a report on Wednesday, July 15th. Finally, Bank of America upgraded 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. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source