Randolph Co Inc Purchases 172,641 Shares of Cintas Corporation $CTAS

Key Points

• Randolph Co Inc. purchased 172,641 Cintas shares worth approximately $33.7 million in the third quarter, making CTAS about 2.7% of its portfolio. Institutional investors and hedge funds collectively own 63.46% of the company.
• Analysts maintain a generally positive outlook, with Cintas receiving a consensus “Moderate Buy” rating and an average price target of $218.50, despite mixed individual recommendations.
• Cintas exceeded quarterly expectations with $1.39 in EPS and $3.01 billion in revenue, while revenue grew 10.9% year over year. The company also raised its quarterly dividend to $0.52 per share, representing a 0.9% annualized yield.

Randolph Co Inc purchased a new stake in Cintas Corporation (NASDAQ:CTAS - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 172,641 shares of the business services provider's stock, valued at approximately $33,675,000. Cintas accounts for approximately 2.7% of Randolph Co Inc's investment portfolio, making the stock its 17th biggest position.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CTAS. AMG National Trust Bank bought a new position in Cintas during the second quarter worth about $1,973,000. Summit Global Investments acquired a new stake in Cintas in the 2nd quarter worth about $950,000. TimesSquare Capital Management LLC acquired a new stake in Cintas in the 2nd quarter worth about $62,057,000. Oppenheimer Asset Management Inc. acquired a new stake in Cintas in the 2nd quarter worth about $4,972,000. Finally, BlackRock Inc. bought a new stake in Cintas in the 2nd quarter valued at about $4,520,425,000. 63.46% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the stock. Weiss Ratings downgraded shares of Cintas from a "buy (b)" rating to a "buy (b-)" rating in a report on Friday. Sanford C. Bernstein reaffirmed a "market perform" rating on shares of Cintas in a report on Thursday, September 10th. Truist Financial raised their target price on shares of Cintas from $225.00 to $230.00 and gave the stock a "buy" rating in a report on Thursday, September 24th. Rothschild & Co Redburn lifted their price target on shares of Cintas from $184.00 to $198.00 and gave the company a "neutral" rating in a research report on Tuesday, July 28th. Finally, Citigroup boosted their price target on Cintas from $180.00 to $181.00 and gave the company a "sell" rating in a research note on Wednesday, September 30th. Ten research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Cintas has a consensus rating of "Moderate Buy" and a consensus price target of $218.50.

Cintas Stock Performance

CTAS opened at $224.10 on Monday. The firm has a market cap of $88.99 billion, a P/E ratio of 44.20, a price-to-earnings-growth ratio of 3.55 and a beta of 0.92. Cintas Corporation has a 52-week low of $161.16 and a 52-week high of $225.79. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.29 and a current ratio of 1.45. The business's fifty day moving average is $202.71 and its 200-day moving average is $189.03.

Cintas (NASDAQ:CTAS - Get Free Report) last issued its quarterly earnings results on Wednesday, September 23rd. The business services provider reported $1.39 EPS for the quarter, topping analysts' consensus estimates of $1.35 by $0.04. Cintas had a return on equity of 42.57% and a net margin of 17.82%. The company had revenue of $3.01 billion for the quarter, compared to analysts' expectations of $2.98 billion. During the same quarter last year, the business earned $1.20 earnings per share. Cintas's revenue was up 10.9% on a year-over-year basis. Cintas has set its FY 2027 guidance at 5.450-5.540 EPS. Sell-side analysts expect that Cintas Corporation will post 5.53 EPS for the current fiscal year.

Cintas Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Friday, August 14th were issued a $0.52 dividend. The ex-dividend date of this dividend was Friday, August 14th. This represents a $2.08 annualized dividend and a yield of 0.9%. This is an increase from Cintas's previous quarterly dividend of $0.45. Cintas's payout ratio is 41.03%.

Cintas Profile

Cintas Corporation provides workplace products and services to businesses and other organizations, primarily in the United States and Canada. The company is best known for designing, supplying, laundering and maintaining uniforms, workwear and related apparel for employees across a range of industries.

Its offerings also include facility services such as entrance mats, restroom supplies, hygiene products, janitorial supplies and document management. Through its first aid and safety business, Cintas provides first-aid products, safety training and related workplace solutions.

Want to see what other hedge funds are holding CTAS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cintas Corporation (NASDAQ:CTAS - Free Report).

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.