RB Capital Management LLC Takes $1.95 Million Position in Cintas Corporation $CTAS

Key Points

• RB Capital Management acquired 11,482 Cintas shares worth approximately $1.95 million in the second quarter. Institutional investors collectively own 63.46% of CTAS.
• Analysts remain broadly positive, with the stock receiving a “Moderate Buy” consensus rating and a $212.31 average price target; several firms recently raised targets or upgraded their ratings.
• Cintas exceeded quarterly expectations with $1.29 EPS and $2.91 billion in revenue, while revenue grew 8.9% year over year. The company also increased its quarterly dividend to $0.52 per share, implying a 1.0% yield.

RB Capital Management LLC acquired a new position in Cintas Corporation (NASDAQ:CTAS - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 11,482 shares of the business services provider's stock, valued at approximately $1,953,000.

A number of other institutional investors and hedge funds have also bought and sold shares of CTAS. AMG National Trust Bank acquired a new stake in shares of Cintas during the second quarter valued at about $1,973,000. Summit Global Investments bought a new position in Cintas in the 2nd quarter valued at approximately $950,000. Oppenheimer Asset Management Inc. acquired a new stake in Cintas during the 2nd quarter worth approximately $4,972,000. TimesSquare Capital Management LLC acquired a new stake in Cintas during the 2nd quarter worth approximately $62,057,000. Finally, Riverbridge Partners LLC grew its holdings in Cintas by 7.7% during the 1st quarter. Riverbridge Partners LLC now owns 229,158 shares of the business services provider's stock worth $38,760,000 after acquiring an additional 16,437 shares during the last quarter. Institutional investors own 63.46% of the company's stock.

Analyst Ratings Changes

CTAS has been the topic of a number of recent research reports. UBS Group reiterated a "buy" rating and set a $230.00 price target (up from $228.00) on shares of Cintas in a report on Thursday, July 16th. The Goldman Sachs Group restated a "buy" rating and issued a $231.00 price objective on shares of Cintas in a report on Wednesday, July 15th. Argus raised Cintas to a "strong-buy" rating in a report on Friday, July 17th. Bank of America raised Cintas from a "neutral" rating to a "buy" rating and increased their price target for the company from $200.00 to $230.00 in a research note on Thursday, July 16th. Finally, Wells Fargo & Company reaffirmed an "overweight" rating and issued a $250.00 price objective (up from $245.00) on shares of Cintas 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 assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $212.31.

Cintas Stock Performance

Shares of CTAS opened at $204.18 on Friday. The company has a current ratio of 1.43, a quick ratio of 1.27 and a debt-to-equity ratio of 0.28. The firm's fifty day simple moving average is $194.43 and its two-hundred day simple moving average is $185.51. Cintas Corporation has a 12 month low of $161.16 and a 12 month high of $219.16. The stock has a market capitalization of $81.71 billion, a P/E ratio of 54.59, a price-to-earnings-growth ratio of 3.30 and a beta of 0.92.

Cintas (NASDAQ:CTAS - Get Free Report) last announced its quarterly earnings data on Wednesday, July 15th. The business services provider reported $1.29 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.24 by $0.05. Cintas had a return on equity of 42.05% and a net margin of 17.75%.The company had revenue of $2.91 billion for the quarter, compared to the consensus estimate of $2.87 billion. During the same period in the previous year, the business earned $1.09 EPS. The firm'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. As a group, analysts predict that Cintas Corporation will post 5.49 EPS for the current year.

Cintas Increases Dividend

The firm 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. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date is Friday, August 14th. This is a positive change from Cintas's previous quarterly dividend of $0.45. Cintas's dividend payout ratio (DPR) is currently 55.61%.

Cintas 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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