HORAN Wealth LLC Has $1.43 Million Stake in Cintas Corporation $CTAS

Key Points

• HORAN Wealth LLC cut its Cintas stake by 47.9% in the second quarter, selling 7,765 shares and retaining 8,433 shares valued at approximately $1.43 million. Institutional investors collectively own 63.46% of the company.
• Cintas exceeded quarterly expectations, reporting $1.29 in EPS and $2.91 billion in revenue, with year-over-year revenue growth of 8.9%. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $212.31.
• The company raised its quarterly dividend to $0.52 per share, or $2.08 annualized, representing a 1.0% yield and a payout ratio of 55.61%.

HORAN Wealth LLC lowered its stake in Cintas Corporation (NASDAQ:CTAS - Free Report) by 47.9% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,433 shares of the business services provider's stock after selling 7,765 shares during the quarter. HORAN Wealth LLC's holdings in Cintas were worth $1,434,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Nemes Rush Group LLC acquired a new position in shares of Cintas during the fourth quarter valued at about $25,000. Swiss RE Ltd. acquired a new stake in shares of Cintas in the 4th quarter valued at about $25,000. First United Bank & Trust acquired a new stake in shares of Cintas in the 1st quarter valued at about $25,000. Whipplewood Advisors LLC increased its position in Cintas by 1,712.5% in the 1st quarter. Whipplewood Advisors LLC now owns 145 shares of the business services provider's stock valued at $25,000 after buying an additional 137 shares in the last quarter. Finally, Kemnay Advisory Services Inc. bought a new stake in Cintas in the 4th quarter valued at about $26,000. Institutional investors and hedge funds own 63.46% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on CTAS shares. Truist Financial cut their price target on Cintas from $255.00 to $225.00 and set a "buy" rating on the stock in a report on Monday, June 15th. Argus upgraded Cintas to a "strong-buy" rating in a report on Friday, July 17th. UBS Group reaffirmed a "buy" rating and set a $230.00 target price (up from $228.00) on shares of Cintas in a research report on Thursday, July 16th. Bank of America raised Cintas from a "neutral" rating to a "buy" rating and upped their target price for the stock from $200.00 to $230.00 in a research report on Thursday, July 16th. Finally, Robert W. Baird increased their target price on Cintas from $200.00 to $214.00 and gave the stock an "outperform" rating in a report on Thursday, July 16th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $212.31.

Cintas Stock Performance

NASDAQ CTAS opened at $200.47 on Monday. Cintas Corporation has a 1 year low of $161.16 and a 1 year high of $219.16. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.43 and a quick ratio of 1.27. The firm has a market cap of $80.22 billion, a price-to-earnings ratio of 53.60, a PEG ratio of 3.24 and a beta of 0.91. The company has a fifty day moving average price of $197.47 and a 200-day moving average price of $185.59.

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 company had revenue of $2.91 billion for the quarter, compared to analyst estimates of $2.87 billion. During the same period last year, the firm earned $1.09 earnings per share. The firm's revenue was up 8.9% on a year-over-year basis. Cintas has set its FY 2027 guidance at 5.360-5.500 EPS. As a group, equities research analysts predict that Cintas Corporation will post 5.49 EPS for the current fiscal year.

Cintas Increases Dividend

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

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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