44,256 Shares in Cintas Corporation $CTAS Purchased by Citizens Financial Group Inc. RI

Citizens Financial Group Inc. RI purchased a new position in shares of Cintas Corporation (NASDAQ:CTAS) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 44,256 shares of the business services provider’s stock, valued at approximately $7,527,000.

A number of other institutional investors also recently added to or reduced their stakes in CTAS. Nemes Rush Group LLC bought a new stake in shares of Cintas in the 4th quarter valued at approximately $25,000. First United Bank & Trust bought a new position in shares of Cintas during the 1st quarter worth approximately $25,000. Whipplewood Advisors LLC lifted its position in shares of Cintas by 1,712.5% during the 1st quarter. Whipplewood Advisors LLC now owns 145 shares of the business services provider’s stock worth $25,000 after buying an additional 137 shares during the period. Swiss RE Ltd. acquired a new stake in Cintas in the 4th quarter valued at $25,000. Finally, Camelot Portfolios LLC acquired a new stake in Cintas in the 4th quarter valued at $26,000. 63.46% of the stock is owned by institutional investors and hedge funds.

Cintas Price Performance

Shares of CTAS stock opened at $197.82 on Tuesday. Cintas Corporation has a 52 week low of $161.16 and a 52 week high of $219.87. The stock has a market capitalization of $79.16 billion, a PE ratio of 52.89, a PEG ratio of 3.22 and a beta of 0.91. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.27 and a current ratio of 1.43. The stock’s fifty day moving average is $189.33 and its 200-day moving average is $184.70.

Cintas (NASDAQ:CTAS) last released 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 business 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 firm’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same period in the previous year, the business posted $1.09 earnings per share. Cintas has set its FY 2027 guidance at 5.360-5.500 EPS. Equities research analysts expect that Cintas Corporation will post 5.49 EPS for the current fiscal year.

Cintas Increases Dividend

The business 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 $0.52 dividend. This is a boost from Cintas’s previous quarterly dividend of $0.45. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Friday, August 14th. Cintas’s payout ratio is presently 55.61%.

Analyst Upgrades and Downgrades

CTAS has been the topic of a number of analyst reports. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $206.00 price target on shares of Cintas in a research report on Thursday, July 16th. The Goldman Sachs Group reissued a “buy” rating and set a $231.00 price objective on shares of Cintas in a report on Wednesday, July 15th. Bank of America raised shares of Cintas from a “neutral” rating to a “buy” rating and upped their target price for the stock from $200.00 to $230.00 in a report on Thursday, July 16th. Weiss Ratings upgraded shares of Cintas from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, July 10th. Finally, Argus raised shares of Cintas to a “strong-buy” rating in a report on Friday, July 17th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price 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.