Sanctuary Advisors LLC Acquires Shares of 66,525 Cintas Corporation $CTAS

Key Points

• Sanctuary Advisors acquired 66,525 shares of Cintas in the second quarter, valued at approximately $11.3 million. 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 issued 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 payout and a 1.0% yield; analysts maintain a “Moderate Buy” consensus with an average price target of $212.31.

Sanctuary Advisors LLC bought a new position in shares of Cintas Corporation (NASDAQ:CTAS - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 66,525 shares of the business services provider's stock, valued at approximately $11,315,000.

Several other institutional investors and hedge funds also recently made changes to their positions in CTAS. One Capital Management LLC boosted its position in shares of Cintas by 0.9% in the 4th quarter. One Capital Management LLC now owns 6,160 shares of the business services provider's stock worth $1,159,000 after purchasing an additional 53 shares during the last quarter. Whittier Trust Co. of Nevada Inc. increased its holdings in Cintas by 0.8% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 7,198 shares of the business services provider's stock valued at $1,236,000 after purchasing an additional 58 shares during the last quarter. Sachetta LLC lifted its stake in Cintas by 46.0% in the first quarter. Sachetta LLC now owns 200 shares of the business services provider's stock valued at $34,000 after buying an additional 63 shares during the period. Ausdal Financial Partners Inc. lifted its stake in Cintas by 2.8% in the second quarter. Ausdal Financial Partners Inc. now owns 2,287 shares of the business services provider's stock valued at $510,000 after buying an additional 63 shares during the period. Finally, Elyxium Wealth LLC lifted its stake in Cintas by 4.9% in the fourth quarter. Elyxium Wealth LLC now owns 1,368 shares of the business services provider's stock valued at $257,000 after buying an additional 64 shares during the period. Institutional investors own 63.46% of the company's stock.

Cintas Stock Up 1.8%

NASDAQ:CTAS opened at $207.40 on Tuesday. Cintas Corporation has a 1 year low of $161.16 and a 1 year high of $219.16. The stock has a 50-day moving average price of $191.81 and a two-hundred day moving average price of $185.16. The stock has a market cap of $83.00 billion, a price-to-earnings ratio of 55.45, a PEG ratio of 3.29 and a beta of 0.92. 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 (NASDAQ:CTAS - Get Free Report) last released 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 company had revenue of $2.91 billion for the quarter, compared to analyst estimates of $2.87 billion. Cintas had a return on equity of 42.05% and a net margin of 17.75%.Cintas's revenue was up 8.9% compared to the same quarter last year. During the same quarter last year, the firm posted $1.09 earnings per share. Cintas has set its FY 2027 guidance at 5.360-5.500 EPS. As a group, equities analysts expect that Cintas Corporation will post 5.49 earnings per share for the current 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 paid a $0.52 dividend. The ex-dividend date of this dividend is Friday, August 14th. This represents a $2.08 annualized dividend and a dividend yield of 1.0%. This is a positive change from Cintas's previous quarterly dividend of $0.45. Cintas's dividend payout ratio (DPR) is 55.61%.

Analysts Set New Price Targets

CTAS has been the subject of a number of recent analyst reports. Truist Financial lowered their price target on Cintas from $255.00 to $225.00 and set a "buy" rating for the company in a research note on Monday, June 15th. Wells Fargo & Company reissued an "overweight" rating and set a $250.00 price objective (up from $245.00) on shares of Cintas in a research note on Thursday, July 16th. Robert W. Baird boosted their price objective on shares of Cintas from $200.00 to $214.00 and gave the company an "outperform" rating in a report on Thursday, July 16th. Bank of America raised shares of Cintas from a "neutral" rating to a "buy" rating and upped their target price for the company from $200.00 to $230.00 in a research note on Thursday, July 16th. Finally, The Goldman Sachs Group reiterated a "buy" rating and issued a $231.00 target price on shares of Cintas in a report on Wednesday, July 15th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, Cintas presently has a consensus rating of "Moderate Buy" and an average price target of $212.31.

About Cintas

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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