Two Sigma Securities LLC Buys New Stake in Cintas Corporation $CTAS

Two Sigma Securities LLC bought a new stake in shares of Cintas Corporation (NASDAQ:CTAS - Free Report) during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 7,054 shares of the business services provider's stock, valued at approximately $1,200,000.

Several other hedge funds also recently bought and sold shares of the stock. GTS Securities LLC lifted its position in shares of Cintas by 3.7% in the second quarter. GTS Securities LLC now owns 2,595 shares of the business services provider's stock valued at $441,000 after acquiring an additional 92 shares in the last quarter. Flputnam Investment Management Co. increased its position in Cintas by 19.3% during the 2nd quarter. Flputnam Investment Management Co. now owns 4,884 shares of the business services provider's stock worth $831,000 after purchasing an additional 789 shares in the last quarter. Wedbush Securities Inc. raised its stake in Cintas by 13.2% in the 2nd quarter. Wedbush Securities Inc. now owns 14,608 shares of the business services provider's stock valued at $2,485,000 after purchasing an additional 1,707 shares during the last quarter. Greenleaf Trust lifted its holdings in Cintas by 8.1% in the 2nd quarter. Greenleaf Trust now owns 9,981 shares of the business services provider's stock valued at $1,698,000 after purchasing an additional 750 shares in the last quarter. Finally, New Mexico Educational Retirement Board lifted its holdings in Cintas by 8.3% in the 2nd quarter. New Mexico Educational Retirement Board now owns 16,936 shares of the business services provider's stock valued at $2,880,000 after purchasing an additional 1,300 shares in the last quarter. Hedge funds and other institutional investors own 63.46% of the company's stock.

Cintas Trading Down 1.2%

Shares of CTAS opened at $201.79 on Tuesday. Cintas Corporation has a twelve month low of $161.16 and a twelve month high of $219.16. The firm has a market capitalization of $80.75 billion, a P/E ratio of 53.95, a price-to-earnings-growth ratio of 3.30 and a beta of 0.91. 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's fifty day simple moving average is $195.08 and its 200 day simple moving average is $185.47.

Cintas (NASDAQ:CTAS - Get Free Report) last posted its quarterly earnings results on Wednesday, July 15th. The business services provider reported $1.29 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.24 by $0.05. The firm had revenue of $2.91 billion during 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 firm's quarterly revenue was up 8.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.09 earnings per share. Cintas has set its FY 2027 guidance at 5.360-5.500 EPS. On average, equities research analysts forecast that Cintas Corporation will post 5.49 earnings per share for the current year.

Cintas Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Friday, August 14th will be issued a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date is Friday, August 14th. This is an increase from Cintas's previous quarterly dividend of $0.45. Cintas's dividend payout ratio (DPR) is presently 55.61%.

Analyst Ratings Changes

CTAS has been the subject of a number of recent research reports. Wells Fargo & Company reiterated 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. UBS Group reissued a "buy" rating and set a $230.00 price objective (up from $228.00) on shares of Cintas in a research note on Thursday, July 16th. Truist Financial decreased their target price on shares of Cintas from $255.00 to $225.00 and set a "buy" rating on the stock in a research report on Monday, June 15th. Royal Bank Of Canada reaffirmed a "sector perform" rating and issued a $206.00 target price on shares of Cintas in a research note on Thursday, July 16th. Finally, Weiss Ratings upgraded Cintas from a "hold (c)" rating to a "hold (c+)" rating in a report on Friday, July 10th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Cintas has a consensus rating of "Moderate Buy" and an average price target of $212.31.

Cintas 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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