Jefferies Financial Group Inc. Buys Shares of 30,497 Cintas Corporation $CTAS

Key Points

• Jefferies Financial Group acquired 30,497 Cintas shares worth approximately $5.19 million during the second quarter. Institutional investors collectively own 63.46% of Cintas.
• Analysts maintain a generally positive outlook, with Cintas receiving a consensus “Moderate Buy” rating and an average price target of $212.31; several firms recently raised their ratings or targets.
• Cintas exceeded quarterly earnings and revenue expectations, while revenue rose 8.9% year over year. The company also increased its quarterly dividend to $0.52 per share from $0.45.

Jefferies Financial Group Inc. acquired a new stake in shares of Cintas Corporation (NASDAQ:CTAS - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 30,497 shares of the business services provider's stock, valued at approximately $5,187,000.

Other hedge funds also recently bought and sold shares of the company. Nemes Rush Group LLC purchased a new position in Cintas in the 4th quarter worth $25,000. Swiss RE Ltd. bought a new position in shares of Cintas during the fourth quarter valued at about $25,000. First United Bank & Trust purchased a new position in shares of Cintas in the first quarter worth about $25,000. Whipplewood Advisors LLC lifted its stake in shares of 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 acquiring an additional 137 shares during the last quarter. Finally, Kemnay Advisory Services Inc. bought a new stake in shares of Cintas in the 4th quarter valued at about $26,000. Institutional investors own 63.46% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Bank of America raised Cintas from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $200.00 to $230.00 in a research note on Thursday, July 16th. Wells Fargo & Company reiterated an "overweight" rating and set a $250.00 target price (up from $245.00) on shares of Cintas in a report on Thursday, July 16th. Argus raised Cintas to a "strong-buy" rating in a research report on Friday, July 17th. The Goldman Sachs Group reiterated a "buy" rating and issued a $231.00 price objective on shares of Cintas in a report on Wednesday, July 15th. Finally, Truist Financial reduced their target price on Cintas from $255.00 to $225.00 and set a "buy" rating on the stock in a research note on Monday, June 15th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $212.31.

Cintas Trading Up 0.0%

CTAS opened at $204.18 on Friday. The company has a quick ratio of 1.27, a current ratio of 1.43 and a debt-to-equity ratio of 0.28. Cintas Corporation has a 52 week low of $161.16 and a 52 week high of $219.16. The stock has a market cap of $81.71 billion, a PE ratio of 54.59, a PEG ratio of 3.30 and a beta of 0.92. The business has a 50 day moving average of $194.43 and a 200-day moving average of $185.51.

Cintas (NASDAQ:CTAS - Get Free Report) last announced its quarterly earnings data on Wednesday, July 15th. The business services provider reported $1.29 EPS for the quarter, beating the consensus estimate of $1.24 by $0.05. The business had revenue of $2.91 billion during the quarter, compared to analyst estimates of $2.87 billion. Cintas had a return on equity of 42.05% and a net margin of 17.75%.The company's revenue for the quarter was up 8.9% on a year-over-year basis. During the same quarter last year, the firm posted $1.09 earnings per share. Cintas has set its FY 2027 guidance at 5.360-5.500 EPS. Equities research analysts predict that Cintas Corporation will post 5.49 earnings per share for the current fiscal year.

Cintas Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Friday, August 14th will be paid a dividend of $0.52 per share. The ex-dividend date is Friday, August 14th. This is a positive change from Cintas's previous quarterly dividend of $0.45. This represents a $2.08 dividend on an annualized basis and a yield of 1.0%. Cintas's dividend payout ratio (DPR) is presently 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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