Soltis Investment Advisors LLC Purchases New Shares in Cintas Corporation $CTAS

Key Points

• Soltis Investment Advisors purchased 26,268 Cintas shares during the third quarter, valued at approximately $5.1 million. Institutional investors collectively own 63.46% of the company.
• Cintas reported quarterly EPS of $1.39, beating estimates by $0.04, while revenue rose 10.9% year over year to $3.01 billion. The company set fiscal 2027 EPS guidance at $5.45–$5.54.
• Cintas declared a quarterly dividend of $0.52 per share, equivalent to an annualized $2.08 payout and a 1.0% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $218.62.

Soltis Investment Advisors LLC purchased a new position in shares of Cintas Corporation (NASDAQ:CTAS - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 26,268 shares of the business services provider's stock, valued at approximately $5,124,000.

Several other institutional investors and hedge funds have also modified their holdings of CTAS. Whipplewood Advisors LLC increased its stake in shares of Cintas by 1,712.5% in the 1st quarter. Whipplewood Advisors LLC now owns 145 shares of the business services provider's stock worth $25,000 after purchasing an additional 137 shares in the last quarter. Meeder Asset Management Inc. bought a new stake in Cintas during the second quarter valued at about $27,000. Archer Investment Corp bought a new stake in Cintas during the first quarter valued at about $32,000. Highland Investment Advisors LLC bought a new stake in Cintas during the second quarter valued at about $32,000. Finally, Steigerwald Gordon & Koch Inc. increased its position in Cintas by 308.2% in the first quarter. Steigerwald Gordon & Koch Inc. now owns 200 shares of the business services provider's stock worth $34,000 after buying an additional 151 shares in the last quarter. Hedge funds and other institutional investors own 63.46% of the company's stock.

Cintas Price Performance

NASDAQ:CTAS opened at $218.07 on Friday. The company has a quick ratio of 1.29, a current ratio of 1.45 and a debt-to-equity ratio of 0.27. The business's 50-day simple moving average is $204.13 and its two-hundred day simple moving average is $190.37. The stock has a market cap of $86.59 billion, a PE ratio of 43.01, a P/E/G ratio of 3.37 and a beta of 0.92. Cintas Corporation has a 52 week low of $161.16 and a 52 week high of $226.68.

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

Cintas Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Friday, November 13th will be issued a $0.52 dividend. The ex-dividend date of this dividend is Friday, November 13th. This represents a $2.08 dividend on an annualized basis and a yield of 1.0%. Cintas's payout ratio is currently 41.03%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. UBS Group reaffirmed a "buy" rating and set a $235.00 price objective (up from $230.00) on shares of Cintas in a research report on Thursday, September 24th. Jefferies Financial Group increased their target price on shares of Cintas from $200.00 to $210.00 and gave the stock a "hold" rating in a report on Thursday, July 16th. 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 research note on Thursday, September 24th. Wells Fargo & Company reaffirmed an "overweight" rating and set a $250.00 price target (up from $245.00) on shares of Cintas in a report on Thursday, July 16th. Finally, Sanford C. Bernstein reiterated a "market perform" rating on shares of Cintas in a research report on Thursday, September 10th. Ten equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $218.62.

Cintas Company 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.

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