Tudor Financial Inc. Has $3.83 Million Stake in Cintas Corporation $CTAS

Key Points

• Tudor Financial increased its Cintas stake by 4,343.8% during the second quarter, ending with 22,530 shares worth approximately $3.83 million. Institutional investors collectively own 63.46% of Cintas.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $212.31; several firms recently raised targets or upgraded the stock.
• Cintas exceeded quarterly expectations with $1.29 in EPS and $2.91 billion in revenue, while revenue rose 8.9% year over year. The company also increased its quarterly dividend to $0.52 per share, equivalent to a 1.0% annual yield.

Tudor Financial Inc. grew its holdings in Cintas Corporation (NASDAQ:CTAS - Free Report) by 4,343.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 22,530 shares of the business services provider's stock after acquiring an additional 22,023 shares during the quarter. Cintas accounts for about 1.7% of Tudor Financial Inc.'s investment portfolio, making the stock its 11th largest holding. Tudor Financial Inc.'s holdings in Cintas were worth $3,832,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of CTAS. AMG National Trust Bank bought a new stake in Cintas in the 2nd quarter valued at $1,973,000. Summit Global Investments acquired a new position in Cintas in the 2nd quarter worth $950,000. Oppenheimer Asset Management Inc. bought a new position in Cintas during the 2nd quarter worth about $4,972,000. TimesSquare Capital Management LLC bought a new position in Cintas during the 2nd quarter worth about $62,057,000. Finally, BlackRock Inc. acquired a new stake in shares of Cintas in the 2nd quarter valued at about $4,520,425,000. Institutional investors and hedge funds own 63.46% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Weiss Ratings upgraded Cintas from a "hold (c)" rating to a "hold (c+)" rating in a report on Friday, July 10th. UBS Group reiterated a "buy" rating and set a $230.00 price objective (up from $228.00) on shares of Cintas in a report on Thursday, July 16th. Robert W. Baird lifted their target price on Cintas from $200.00 to $214.00 and gave the company an "outperform" rating in a research report on Thursday, July 16th. The Goldman Sachs Group restated a "buy" rating and issued a $231.00 target price on shares of Cintas in a research note on Wednesday, July 15th. Finally, Argus raised Cintas to a "strong-buy" rating in a research report on Friday, July 17th. One research 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 issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $212.31.

Cintas Stock Up 1.5%

Shares of CTAS stock opened at $201.05 on Friday. The firm's fifty day moving average price is $196.89 and its two-hundred day moving average price is $185.54. 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 Corporation has a 1 year low of $161.16 and a 1 year high of $219.16. The firm has a market capitalization of $80.45 billion, a P/E ratio of 53.76, a PEG ratio of 3.20 and a beta of 0.91.

Cintas (NASDAQ:CTAS - Get Free Report) last posted its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $2.87 billion. Cintas had a net margin of 17.75% and a return on equity of 42.05%. The company's quarterly revenue was up 8.9% on a year-over-year basis. During the same period in the prior year, the business posted $1.09 EPS. Cintas has set its FY 2027 guidance at 5.360-5.500 EPS. On average, equities analysts predict that Cintas Corporation will post 5.49 EPS for the current fiscal year.

Cintas Increases Dividend

The business 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 dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 1.0%. This is a boost from Cintas's previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Friday, August 14th. Cintas's payout ratio is currently 55.61%.

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.

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