Haverford Trust Co Makes New $14.55 Million Investment in Cintas Corporation $CTAS

Key Points

• Haverford Trust acquired 85,558 Cintas shares in the second quarter, valued at approximately $14.55 million. Institutional investors collectively own 63.46% of the company.
• Cintas exceeded quarterly expectations, reporting $1.29 in earnings per share and $2.91 billion in revenue, with revenue up 8.9% year over year. The company projects fiscal 2027 EPS of $5.36–$5.50.
• Cintas raised its quarterly dividend to $0.52 per share, or $2.08 annualized, representing a 1.0% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $212.31.

Haverford Trust Co acquired a new position in Cintas Corporation (NASDAQ:CTAS - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 85,558 shares of the business services provider's stock, valued at approximately $14,552,000.

A number of other large investors also recently modified their holdings of the company. One Capital Management LLC increased its stake in Cintas by 0.9% in the 4th quarter. One Capital Management LLC now owns 6,160 shares of the business services provider's stock worth $1,159,000 after buying an additional 53 shares in the last quarter. Whittier Trust Co. of Nevada Inc. boosted its stake in Cintas by 0.8% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 7,198 shares of the business services provider's stock worth $1,236,000 after purchasing an additional 58 shares during the period. Sachetta LLC grew its holdings in Cintas by 46.0% during the 1st quarter. Sachetta LLC now owns 200 shares of the business services provider's stock valued at $34,000 after buying an additional 63 shares in the last quarter. Ausdal Financial Partners Inc. grew its holdings in Cintas by 2.8% during the 2nd quarter. Ausdal Financial Partners Inc. now owns 2,287 shares of the business services provider's stock valued at $510,000 after buying an additional 63 shares in the last quarter. Finally, Elyxium Wealth LLC raised its position in shares of Cintas by 4.9% during the fourth quarter. Elyxium Wealth LLC now owns 1,368 shares of the business services provider's stock valued at $257,000 after buying an additional 64 shares during the last quarter. Hedge funds and other institutional investors own 63.46% of the company's stock.

Cintas Trading Up 0.1%

CTAS opened at $203.79 on Friday. The firm has a market cap of $81.55 billion, a price-to-earnings ratio of 54.49, a PEG ratio of 3.29 and a beta of 0.92. 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 stock has a fifty day moving average price of $191.16 and a 200-day moving average price of $185.08. Cintas Corporation has a 12 month low of $161.16 and a 12 month high of $219.16.

Cintas (NASDAQ:CTAS - Get Free Report) last released its quarterly earnings results on Wednesday, July 15th. The business services provider reported $1.29 earnings per share for the quarter, beating analysts' consensus estimates of $1.24 by $0.05. Cintas had a net margin of 17.75% and a return on equity of 42.05%. The business had revenue of $2.91 billion for the quarter, compared to analysts' expectations of $2.87 billion. During the same period last year, the business earned $1.09 EPS. The company's revenue was up 8.9% compared to the same quarter last year. 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 firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Friday, August 14th will be paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis 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 (DPR) is 55.61%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on CTAS shares. Wells Fargo & Company restated 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 increased their price objective for the company from $200.00 to $230.00 in a report on Thursday, July 16th. Truist Financial cut their price objective on Cintas from $255.00 to $225.00 and set a "buy" rating for the company in a research report on Monday, June 15th. UBS Group reaffirmed a "buy" rating and issued a $230.00 price objective (up from $228.00) on shares of Cintas in a research note on Thursday, July 16th. Finally, Argus upgraded Cintas to a "strong-buy" rating in a research report on Friday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, Cintas has a consensus 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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