Sandro Wealth Management LLC Makes New $1.94 Million Investment in Cintas Corporation $CTAS

Key Points

• Sandro Wealth Management purchased 11,395 Cintas shares worth approximately $1.94 million in the second quarter, making Cintas about 1.4% of its portfolio. Institutional investors collectively own 63.46% of the company.
• Cintas exceeded quarterly expectations, reporting $1.29 in earnings per share and $2.91 billion in revenue, with year-over-year revenue growth of 8.9%. Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and a $212.31 target price.
• The company increased its quarterly dividend from $0.45 to $0.52 per share, equal to an annualized dividend of $2.08 and a 1.0% yield.

Sandro Wealth Management LLC acquired a new stake in Cintas Corporation (NASDAQ:CTAS - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 11,395 shares of the business services provider's stock, valued at approximately $1,938,000. Cintas makes up approximately 1.4% of Sandro Wealth Management LLC's investment portfolio, making the stock its 24th largest holding.

A number of other institutional investors have also modified their holdings of CTAS. Brighton Jones LLC raised its holdings in Cintas by 9.3% in the fourth quarter. Brighton Jones LLC now owns 1,268 shares of the business services provider's stock valued at $232,000 after buying an additional 108 shares during the period. Sivia Capital Partners LLC grew its stake in Cintas by 42.3% during the second quarter. Sivia Capital Partners LLC now owns 1,441 shares of the business services provider's stock worth $321,000 after buying an additional 428 shares during the period. Gamco Investors INC. ET AL acquired a new stake in shares of Cintas in the second quarter worth $625,000. Treasurer of the State of North Carolina increased its position in shares of Cintas by 20.3% in the second quarter. Treasurer of the State of North Carolina now owns 212,192 shares of the business services provider's stock worth $47,291,000 after acquiring an additional 35,781 shares in the last quarter. Finally, Ieq Capital LLC raised its stake in shares of Cintas by 50.2% in the 2nd quarter. Ieq Capital LLC now owns 92,924 shares of the business services provider's stock valued at $20,710,000 after acquiring an additional 31,068 shares during the period. Hedge funds and other institutional investors own 63.46% of the company's stock.

Cintas Trading Down 0.6%

NASDAQ CTAS opened at $199.52 on Friday. The company's fifty day simple moving average is $188.85 and its 200-day simple moving average is $184.71. Cintas Corporation has a 52 week low of $161.16 and a 52 week high of $221.36. 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 stock has a market cap of $79.84 billion, a P/E ratio of 53.35, a PEG ratio of 3.22 and a beta of 0.92.

Cintas (NASDAQ:CTAS - Get Free Report) last released its quarterly earnings results on Wednesday, July 15th. The business services provider reported $1.29 earnings per share for the quarter, beating analysts' consensus estimates of $1.24 by $0.05. Cintas had a net margin of 17.75% and a return on equity of 42.05%. The business had revenue of $2.91 billion during the quarter, compared to analyst estimates of $2.87 billion. During the same period last year, the business earned $1.09 EPS. The business's revenue was up 8.9% on a year-over-year basis. Cintas has set its FY 2027 guidance at 5.360-5.500 EPS. Equities research analysts predict that Cintas Corporation will post 5.49 EPS for the current fiscal year.

Cintas Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Friday, August 14th will be paid a dividend of $0.52 per share. This is a boost from Cintas's previous quarterly dividend of $0.45. This represents a $2.08 annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Friday, August 14th. Cintas's payout ratio is 48.13%.

Analyst Ratings Changes

CTAS has been the topic of several recent research reports. Royal Bank Of Canada restated a "sector perform" rating and set a $206.00 target price on shares of Cintas in a report on Thursday, July 16th. Robert W. Baird increased their price target on Cintas from $200.00 to $214.00 and gave the company an "outperform" rating in a report on Thursday, July 16th. Truist Financial cut their price objective on Cintas from $255.00 to $225.00 and set a "buy" rating on the stock in a research report on Monday, June 15th. Wells Fargo & Company restated 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. Finally, Argus raised Cintas to a "strong-buy" rating in a research report on Friday, July 17th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price 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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