Plato Investment Management Ltd Takes $1 Million Position in Cintas Corporation $CTAS

Key Points

• Plato Investment Management acquired 5,914 Cintas shares worth approximately $1 million during the second quarter. Institutional investors and hedge funds collectively own 63.46% of CTAS.
• Cintas exceeded quarterly expectations, reporting $1.29 in EPS versus the $1.24 consensus and $2.91 billion in revenue. Revenue increased 8.9% year over year, and the company provided fiscal 2027 EPS guidance of $5.36–$5.50.
• The company raised its quarterly dividend to $0.52 from $0.45, implying an annualized dividend of $2.08 and a 1.0% yield. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $212.31.

Plato Investment Management Ltd acquired a new position in Cintas Corporation (NASDAQ:CTAS - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 5,914 shares of the business services provider's stock, valued at approximately $1,000,000.

Several other large investors have also added to or reduced their stakes in CTAS. State Street Corp increased its stake in Cintas by 1.4% in 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 buying an additional 210,477 shares during the last quarter. Geode Capital Management LLC boosted its stake 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 buying an additional 97,220 shares during the last quarter. Norges Bank bought a new position in shares of Cintas in the 4th quarter valued at about $923,672,000. Morgan Stanley grew its holdings in shares of Cintas by 0.8% in the 4th quarter. Morgan Stanley now owns 4,393,116 shares of the business services provider's stock valued at $826,214,000 after acquiring an additional 36,666 shares in the last quarter. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Cintas in the second quarter valued at about $644,334,000. Institutional investors and hedge funds own 63.46% of the company's stock.

Cintas Stock Up 0.8%

Shares of CTAS stock opened at $199.45 on Wednesday. Cintas Corporation has a 52-week low of $161.16 and a 52-week high of $219.87. The stock has a market cap of $79.81 billion, a price-to-earnings ratio of 53.33, a PEG ratio of 3.22 and a beta of 0.91. The firm's 50-day moving average is $189.72 and its 200-day moving average is $184.77. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.27 and a current ratio of 1.43.

Cintas (NASDAQ:CTAS - Get Free Report) last posted its quarterly earnings results on Wednesday, July 15th. The business services provider reported $1.29 EPS for the quarter, topping analysts' consensus estimates of $1.24 by $0.05. The business had revenue of $2.91 billion during 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%.Cintas's quarterly revenue was up 8.9% on a year-over-year basis. During the same quarter last year, the company posted $1.09 earnings per share. Cintas has set its FY 2027 guidance at 5.360-5.500 EPS. Sell-side analysts predict that Cintas Corporation will post 5.49 EPS for the current year.

Cintas Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Friday, August 14th will be given a $0.52 dividend. 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. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.0%. Cintas's payout ratio is 55.61%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on CTAS. Argus upgraded Cintas to a "strong-buy" rating in a report on Friday, July 17th. 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. Robert W. Baird upped their price objective on Cintas from $200.00 to $214.00 and gave the stock an "outperform" rating in a research note on Thursday, July 16th. The Goldman Sachs Group reissued a "buy" rating and issued a $231.00 price objective on shares of Cintas in a report on Wednesday, July 15th. Finally, Weiss Ratings raised shares of Cintas from a "hold (c)" rating to a "hold (c+)" rating in a research note on Friday, July 10th. 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 given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus 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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