United Capital Financial Advisors LLC Invests $8.96 Million in Cintas Corporation $CTAS

Key Points

• United Capital Financial Advisors acquired 52,693 Cintas shares worth approximately $8.96 million in the second quarter. 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 revenue up 8.9% year over year. The company also raised its quarterly dividend to $0.52 per share, or $2.08 annually.
• Analysts maintain a generally positive outlook, with Cintas receiving a consensus “Moderate Buy” rating and an average price target of $212.31 versus its reported share price of $204.15.

United Capital Financial Advisors LLC acquired a new position in shares of Cintas Corporation (NASDAQ:CTAS - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 52,693 shares of the business services provider's stock, valued at approximately $8,962,000.

Several other hedge funds have also recently added to or reduced their stakes in CTAS. BlackRock Inc. bought a new position in Cintas in the 2nd quarter worth approximately $4,520,425,000. State Street Corp boosted its position in shares of Cintas by 1.4% in the fourth quarter. State Street Corp now owns 15,311,491 shares of the business services provider's stock valued at $2,879,632,000 after acquiring an additional 210,477 shares during the period. Geode Capital Management LLC grew its stake in shares of Cintas by 1.1% in the fourth quarter. Geode Capital Management LLC now owns 9,293,485 shares of the business services provider's stock worth $1,746,453,000 after acquiring an additional 97,220 shares during the last quarter. Norges Bank acquired a new stake in shares of Cintas in the fourth quarter worth $923,672,000. Finally, Morgan Stanley increased its position in Cintas by 0.8% during the fourth quarter. Morgan Stanley now owns 4,393,116 shares of the business services provider's stock worth $826,214,000 after acquiring an additional 36,666 shares during the period. Institutional investors own 63.46% of the company's stock.

Cintas Stock Down 0.8%

Shares of CTAS opened at $204.15 on Friday. The company has a market capitalization of $81.69 billion, a P/E ratio of 54.59, a PEG ratio of 3.32 and a beta of 0.92. Cintas Corporation has a one year low of $161.16 and a one year high of $219.16. The business's 50 day simple moving average is $193.76 and its 200-day simple moving average is $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 (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. The firm had revenue of $2.91 billion during the quarter, compared to analysts' expectations of $2.87 billion. Cintas had a return on equity of 42.05% and a net margin of 17.75%.The business's revenue was up 8.9% on a year-over-year basis. During the same period last year, the firm posted $1.09 EPS. Cintas has set its FY 2027 guidance at 5.360-5.500 EPS. As a group, sell-side 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 is a positive change from Cintas's previous quarterly dividend of $0.45. The ex-dividend date is Friday, August 14th. This represents a $2.08 annualized dividend and a yield of 1.0%. Cintas's dividend payout ratio is currently 55.61%.

Analyst Upgrades and Downgrades

Several research firms recently commented on CTAS. Weiss Ratings upgraded shares of Cintas from a "hold (c)" rating to a "hold (c+)" rating in a research note on Friday, July 10th. UBS Group reissued a "buy" rating and set a $230.00 target price (up from $228.00) on shares of Cintas in a research report on Thursday, July 16th. The Goldman Sachs Group restated a "buy" rating and set a $231.00 price target on shares of Cintas in a research note on Wednesday, July 15th. Truist Financial decreased their price objective on Cintas from $255.00 to $225.00 and set a "buy" rating on the stock in a report on Monday, June 15th. Finally, 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 report on Thursday, July 16th. One investment 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 assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average 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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