Vise Technologies Inc. bought a new position in shares of Cintas Corporation (NASDAQ:CTAS - Free Report) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 39,332 shares of the business services provider's stock, valued at approximately $6,690,000.
Several other large investors also recently modified their holdings of the business. AMG National Trust Bank bought a new stake in Cintas in the second quarter valued at $1,973,000. Summit Global Investments purchased a new position in Cintas during the 2nd quarter valued at $950,000. Oppenheimer Asset Management Inc. bought a new position in Cintas in the 2nd quarter worth $4,972,000. TimesSquare Capital Management LLC bought a new position in Cintas in the 2nd quarter worth $62,057,000. Finally, Riverbridge Partners LLC lifted its position in shares of Cintas by 7.7% in the 1st quarter. Riverbridge Partners LLC now owns 229,158 shares of the business services provider's stock worth $38,760,000 after purchasing an additional 16,437 shares during the period. 63.46% of the stock is owned by institutional investors.
Cintas Stock Performance
Shares of CTAS stock opened at $203.52 on Friday. Cintas Corporation has a 12 month low of $161.16 and a 12 month high of $219.16. The stock has a market cap of $81.44 billion, a PE ratio of 54.42, a price-to-earnings-growth ratio of 3.28 and a beta of 0.92. 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 company's fifty day moving average price is $190.61 and its 200-day moving average price is $184.95.
Cintas (NASDAQ:CTAS - Get Free Report) last released its earnings results on Wednesday, July 15th. The business services provider reported $1.29 earnings per share for the quarter, topping analysts' consensus estimates of $1.24 by $0.05. The firm had revenue of $2.91 billion for 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 revenue was up 8.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.09 EPS. Cintas has set its FY 2027 guidance at 5.360-5.500 EPS. On average, equities analysts expect that Cintas Corporation will post 5.49 EPS for the current fiscal year.
Cintas Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Friday, August 14th will be paid a dividend of $0.52 per share. This is a positive change from Cintas's previous quarterly dividend of $0.45. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend is Friday, August 14th. Cintas's payout ratio is 55.61%.
Wall Street Analyst Weigh In
A number of equities research analysts have recently weighed in on the stock. Robert W. Baird lifted their target price on shares of Cintas from $200.00 to $214.00 and gave the company an "outperform" rating in a research note on Thursday, July 16th. Argus upgraded shares of Cintas to a "strong-buy" rating in a report on Friday, July 17th. UBS Group restated a "buy" rating and issued a $230.00 price objective (up from $228.00) on shares of Cintas in a report on Thursday, July 16th. The Goldman Sachs Group reiterated a "buy" rating and set a $231.00 target price on shares of Cintas in a report on Wednesday, July 15th. Finally, Royal Bank Of Canada reiterated a "sector perform" rating and set a $206.00 target price on shares of Cintas in a report on Thursday, July 16th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $212.31.
Read Our Latest Stock Analysis on CTAS
Cintas Company Profile
(
Free Report)
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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