Jupiter Topco LLC Invests $6.66 Million in Cintas Corporation $CTAS

Key Points

• Jupiter Topco acquired 39,168 shares of Cintas worth approximately $6.66 million in the second quarter, while institutional investors collectively own 63.46% of the company.
• Analysts remain broadly positive, with Cintas receiving a consensus “Moderate Buy” rating and an average price target of $212.31; several firms recently raised or reaffirmed targets near $230.
• Cintas exceeded quarterly expectations with $1.29 in EPS and $2.91 billion in revenue, while year-over-year revenue grew 8.9%. The company also increased its quarterly dividend from $0.45 to $0.52 per share.

Jupiter Topco LLC purchased a new stake in Cintas Corporation (NASDAQ:CTAS - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 39,168 shares of the business services provider's stock, valued at approximately $6,661,000.

Other institutional investors have also made changes to their positions in the company. BlackRock Inc. bought a new position in Cintas during the 2nd quarter worth $4,520,425,000. State Street Corp lifted its position in shares of Cintas by 1.4% during the 4th quarter. State Street Corp now owns 15,311,491 shares of the business services provider's stock valued at $2,879,632,000 after acquiring an additional 210,477 shares during the period. Geode Capital Management LLC grew its holdings in shares of Cintas by 1.1% during the 4th quarter. Geode Capital Management LLC now owns 9,293,485 shares of the business services provider's stock worth $1,746,453,000 after purchasing an additional 97,220 shares in the last quarter. Norges Bank acquired a new stake in shares of Cintas during the 4th quarter worth $923,672,000. Finally, Morgan Stanley increased its position in shares of Cintas by 0.8% in the fourth quarter. Morgan Stanley now owns 4,393,116 shares of the business services provider's stock worth $826,214,000 after purchasing an additional 36,666 shares during the period. 63.46% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on CTAS. Bank of America raised Cintas from a "neutral" rating to a "buy" rating and boosted their price target for the company from $200.00 to $230.00 in a research note on Thursday, July 16th. UBS Group reiterated a "buy" rating and set a $230.00 price objective (up from $228.00) on shares of Cintas in a research note on Thursday, July 16th. Weiss Ratings raised shares of Cintas from a "hold (c)" rating to a "hold (c+)" rating in a report on Friday, July 10th. Royal Bank Of Canada restated a "sector perform" rating and issued a $206.00 target price on shares of Cintas in a research report on Thursday, July 16th. Finally, The Goldman Sachs Group reaffirmed a "buy" rating and set a $231.00 price target on shares of Cintas in a report on Wednesday, July 15th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $212.31.

Cintas Price Performance

Shares of CTAS stock opened at $204.18 on Monday. The business has a fifty day simple moving average of $194.43 and a 200 day simple moving average of $185.45. The company has a market cap of $81.71 billion, a P/E ratio of 54.59, a P/E/G ratio of 3.30 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. Cintas Corporation has a twelve month low of $161.16 and a twelve month high of $219.16.

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

Cintas Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Friday, August 14th will be paid a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Friday, August 14th. This is a positive change from Cintas's previous quarterly dividend of $0.45. Cintas's payout ratio is currently 55.61%.

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.

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