Stonehage Fleming Financial Services Holdings Ltd Purchases Shares of 581,018 Cintas Corporation $CTAS

Key Points

• Stonehage Fleming Financial Services Holdings acquired 581,018 Cintas shares worth approximately $98.8 million, making Cintas 3.4% of its portfolio and its 17th-largest holding. Institutional investors collectively own 63.46% of the company.
• Cintas exceeded quarterly expectations, reporting $1.29 in EPS versus the $1.24 consensus and $2.91 billion in revenue, up 8.9% year over year. The company also raised its quarterly dividend to $0.52 from $0.45.
• Analysts remain broadly positive, with a consensus rating of “Moderate Buy” and an average price target of $212.31, compared with the stock’s reported price of $204.15.

Stonehage Fleming Financial Services Holdings Ltd acquired a new stake in Cintas Corporation (NASDAQ:CTAS - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 581,018 shares of the business services provider's stock, valued at approximately $98,820,000. Cintas makes up 3.4% of Stonehage Fleming Financial Services Holdings Ltd's portfolio, making the stock its 17th largest position. Stonehage Fleming Financial Services Holdings Ltd owned about 0.15% of Cintas as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Proficio Capital Partners LLC purchased a new stake in shares of Cintas during the second quarter worth about $354,000. Pure Financial Advisors LLC bought a new stake in Cintas during the 2nd quarter valued at approximately $329,000. Transamerica Financial Advisors LLC purchased a new position in Cintas in the 2nd quarter worth approximately $187,000. Corient Private Wealth LP purchased a new position in Cintas in the 2nd quarter worth approximately $39,377,000. Finally, Pingora Partners LLC bought a new position in Cintas in the 2nd quarter worth approximately $34,000. Institutional investors own 63.46% of the company's stock.

Cintas Stock Performance

NASDAQ CTAS opened at $204.15 on Friday. The stock has a market capitalization of $81.69 billion, a PE ratio of 54.59, a P/E/G ratio of 3.32 and a beta of 0.92. The business has a 50 day simple moving average of $193.76 and a two-hundred day simple moving average of $185.38. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.43 and a quick ratio of 1.27. Cintas Corporation has a 1-year low of $161.16 and a 1-year high of $219.16.

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

Cintas Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Friday, August 14th will be given a $0.52 dividend. This is a boost from Cintas's previous quarterly dividend of $0.45. This represents a $2.08 annualized dividend and a yield of 1.0%. The ex-dividend date is Friday, August 14th. Cintas's dividend payout ratio (DPR) is presently 55.61%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Wells Fargo & Company reaffirmed an "overweight" rating and set a $250.00 price objective (up from $245.00) on shares of Cintas in a report on Thursday, July 16th. The Goldman Sachs Group reissued a "buy" rating and issued a $231.00 target price on shares of Cintas in a report on Wednesday, July 15th. Robert W. Baird upped their target price on shares of Cintas from $200.00 to $214.00 and gave the stock an "outperform" rating in a research report on Thursday, July 16th. UBS Group reaffirmed a "buy" rating and set a $230.00 target price (up from $228.00) on shares of Cintas in a research note on Thursday, July 16th. Finally, Weiss Ratings upgraded shares of Cintas from a "hold (c)" rating to a "hold (c+)" rating in a report on Friday, July 10th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $212.31.

Cintas Company 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.

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.