Landscape Capital Management L.L.C. Makes New Investment in Cintas Corporation $CTAS

Key Points

• Landscape Capital Management initiated a new Cintas position in the second quarter, purchasing 30,603 shares worth approximately $5.2 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 revenue up 8.9% year over year. The company issued fiscal 2027 EPS guidance of $5.36–$5.50.
• Cintas raised its quarterly dividend to $0.52 per share from $0.45, producing a 1.0% annualized yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $212.31.

Landscape Capital Management L.L.C. 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 & Exchange Commission. The fund purchased 30,603 shares of the business services provider's stock, valued at approximately $5,205,000.

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

Cintas Trading Up 0.1%

Shares of Cintas stock 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 business has a 50-day moving average price of $191.16 and a 200-day moving average price of $185.08. 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 issued its earnings results on Wednesday, July 15th. The business services provider reported $1.29 earnings per share (EPS) 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 analysts' expectations of $2.87 billion. During the same period in the previous year, the firm posted $1.09 earnings per share. The business'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. Equities research analysts anticipate that Cintas Corporation will post 5.49 EPS for the current fiscal year.

Cintas Increases Dividend

The company 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 positive change from Cintas's previous quarterly dividend of $0.45. 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%. Cintas's payout ratio is currently 55.61%.

Analyst Ratings Changes

Several equities analysts have recently commented on CTAS shares. Argus upgraded Cintas to a "strong-buy" rating in a research report on Friday, July 17th. Bank of America raised Cintas from a "neutral" rating to a "buy" rating and lifted their target price for the company from $200.00 to $230.00 in a research note on Thursday, July 16th. Royal Bank Of Canada reissued a "sector perform" rating and issued a $206.00 price target on shares of Cintas in a report on Thursday, July 16th. Wells Fargo & Company restated an "overweight" rating and issued a $250.00 price target (up from $245.00) on shares of Cintas in a research note on Thursday, July 16th. Finally, The Goldman Sachs Group reaffirmed a "buy" rating and set a $231.00 price objective 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 assigned a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently 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