Raiffeisen Bank International AG Sells 7,012 Shares of Cintas Corporation $CTAS

Key Points

• Raiffeisen Bank International cut its Cintas stake by 42.4% in the second quarter, selling 7,012 shares and retaining 9,530 shares valued at approximately $1.61 million.
• Cintas reported quarterly earnings and revenue above analyst expectations, with EPS of $1.29 and revenue of $2.91 billion. Revenue increased 8.9% year over year, while the company issued fiscal 2027 EPS guidance of $5.36–$5.50.
• Cintas raised its quarterly dividend to $0.52 per share, equivalent to $2.08 annually and a 1.0% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $212.31.

Raiffeisen Bank International AG lowered its holdings in Cintas Corporation (NASDAQ:CTAS - Free Report) by 42.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 9,530 shares of the business services provider's stock after selling 7,012 shares during the quarter. Raiffeisen Bank International AG's holdings in Cintas were worth $1,611,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC boosted its holdings in Cintas by 9.3% during the 4th quarter. Brighton Jones LLC now owns 1,268 shares of the business services provider's stock worth $232,000 after acquiring an additional 108 shares during the last quarter. Sivia Capital Partners LLC raised its holdings in shares of Cintas by 42.3% in the second quarter. Sivia Capital Partners LLC now owns 1,441 shares of the business services provider's stock valued at $321,000 after purchasing an additional 428 shares during the last quarter. Gamco Investors INC. ET AL bought a new position in shares of Cintas during the second quarter valued at about $625,000. Treasurer of the State of North Carolina lifted its position in shares of Cintas by 20.3% during the second quarter. Treasurer of the State of North Carolina now owns 212,192 shares of the business services provider's stock valued at $47,291,000 after purchasing an additional 35,781 shares in the last quarter. Finally, Ieq Capital LLC boosted its holdings in Cintas by 50.2% during the second quarter. Ieq Capital LLC now owns 92,924 shares of the business services provider's stock worth $20,710,000 after purchasing an additional 31,068 shares during the last quarter. 63.46% of the stock is owned by institutional investors.

Cintas Stock Performance

NASDAQ:CTAS opened at $200.47 on Friday. 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 Corporation has a fifty-two week low of $161.16 and a fifty-two week high of $219.16. The firm has a market cap of $80.22 billion, a PE ratio of 53.60, a price-to-earnings-growth ratio of 3.24 and a beta of 0.91. The business has a 50 day moving average price of $197.47 and a 200-day moving average price of $185.64.

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, beating analysts' consensus estimates of $1.24 by $0.05. The company had revenue of $2.91 billion during the quarter, compared to analyst estimates of $2.87 billion. Cintas had a net margin of 17.75% and a return on equity of 42.05%. The firm's revenue was up 8.9% compared to the same quarter last year. During the same period in the prior year, the business posted $1.09 EPS. 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 year.

Cintas Increases Dividend

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

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on CTAS shares. Weiss Ratings upgraded shares of Cintas from a "hold (c)" rating to a "hold (c+)" rating in a research report on Friday, July 10th. Royal Bank Of Canada reiterated a "sector perform" rating and issued a $206.00 price target on shares of Cintas in a research report on Thursday, July 16th. Truist Financial lowered their price target on shares of Cintas from $255.00 to $225.00 and set a "buy" rating on the stock in a report on Monday, June 15th. Robert W. Baird raised their price objective on shares of Cintas from $200.00 to $214.00 and gave the company an "outperform" rating in a research report on Thursday, July 16th. Finally, Bank of America raised shares of Cintas from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $200.00 to $230.00 in a research note on Thursday, July 16th. 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 given a Sell rating to the company's stock. According to data from MarketBeat.com, Cintas presently 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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