Nippon Life Global Investors Americas Inc. Makes New Investment in Cintas Corporation $CTAS

Key Points

• Nippon Life Global Investors Americas bought 6,440 Cintas shares worth approximately $1.095 million in the second quarter. 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 maintained fiscal 2027 EPS guidance of $5.36–$5.50.
• Cintas increased its quarterly dividend from $0.45 to $0.52 per share, equivalent to a $2.08 annualized dividend and a 1.0% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $212.31.

Nippon Life Global Investors Americas Inc. bought a new stake in shares of Cintas Corporation (NASDAQ:CTAS - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 6,440 shares of the business services provider's stock, valued at approximately $1,095,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Nemes Rush Group LLC purchased a new position in shares of Cintas in the 4th quarter worth $25,000. First United Bank & Trust purchased a new stake in Cintas during the first quarter valued at $25,000. Whipplewood Advisors LLC increased its position in Cintas by 1,712.5% during the first 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. Swiss RE Ltd. bought a new position in Cintas in the fourth quarter valued at about $25,000. Finally, Camelot Portfolios LLC bought a new position in Cintas in the fourth quarter valued at about $26,000. 63.46% of the stock is owned by institutional investors.

Cintas Stock Performance

NASDAQ:CTAS opened at $199.52 on Monday. The stock has a market capitalization of $79.84 billion, a P/E ratio of 53.35, a P/E/G ratio of 3.22 and a beta of 0.91. The company has a current ratio of 1.43, a quick ratio of 1.27 and a debt-to-equity ratio of 0.28. Cintas Corporation has a 12-month low of $161.16 and a 12-month high of $221.36. The stock has a 50-day moving average price of $188.85 and a 200 day moving average price of $184.65.

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

Cintas Increases Dividend

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

Analyst Upgrades and Downgrades

CTAS has been the subject of a number of recent research reports. Weiss Ratings upgraded Cintas from a "hold (c)" rating to a "hold (c+)" rating in a research note on Friday, July 10th. Truist Financial lowered their price objective on shares of Cintas from $255.00 to $225.00 and set a "buy" rating on the stock in a research note on Monday, June 15th. Royal Bank Of Canada reissued a "sector perform" rating and issued a $206.00 price objective on shares of Cintas in a report on Thursday, July 16th. Bank of America upgraded shares of Cintas from a "neutral" rating to a "buy" rating and boosted their target price for the company from $200.00 to $230.00 in a research report on Thursday, July 16th. Finally, The Goldman Sachs Group reiterated a "buy" rating and issued a $231.00 price target on shares of Cintas in a research report on Wednesday, July 15th. 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 given a Sell rating to the company. Based on data from MarketBeat, Cintas has an average rating of "Moderate Buy" and an average target price 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.

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