15,361 Shares in Cintas Corporation $CTAS Purchased by E Fund Management Co. Ltd.

E Fund Management Co. Ltd. acquired a new position in shares of Cintas Corporation (NASDAQ:CTAS) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 15,361 shares of the business services provider’s stock, valued at approximately $2,613,000.

Several other institutional investors have also recently made changes to their positions in the company. AMG National Trust Bank acquired a new position in shares of Cintas in the second quarter worth about $1,973,000. Summit Global Investments acquired a new stake in shares of Cintas during the 2nd quarter valued at about $950,000. Oppenheimer Asset Management Inc. acquired a new stake in shares of Cintas during the 2nd quarter valued at about $4,972,000. Riverbridge Partners LLC increased its stake 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 valued at $38,760,000 after purchasing an additional 16,437 shares in the last quarter. Finally, TimesSquare Capital Management LLC purchased a new position in Cintas during the second quarter worth approximately $62,057,000. 63.46% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CTAS has been the subject of several research analyst reports. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $206.00 target price on shares of Cintas in a research note on Thursday, July 16th. Argus raised shares of Cintas to a “strong-buy” rating in a research note on Friday, July 17th. Robert W. Baird boosted their price target on shares of Cintas from $200.00 to $214.00 and gave the stock an “outperform” rating in a report on Thursday, July 16th. Bank of America raised shares of Cintas from a “neutral” rating to a “buy” rating and increased their price objective for the company from $200.00 to $230.00 in a report on Thursday, July 16th. Finally, Weiss Ratings upgraded shares of Cintas from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, July 10th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $212.31.

Cintas Stock Performance

Shares of Cintas stock opened at $203.08 on Thursday. 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 business’s 50 day moving average price is $190.18 and its 200 day moving average price is $184.86. The company has a market cap of $81.27 billion, a price-to-earnings ratio of 54.30, a PEG ratio of 3.22 and a beta of 0.92. Cintas Corporation has a one year low of $161.16 and a one year high of $219.87.

Cintas (NASDAQ:CTAS) last posted its quarterly earnings results on Wednesday, July 15th. The business services provider reported $1.29 earnings per share for the quarter, beating the consensus estimate 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 net margin of 17.75% and a return on equity of 42.05%. The business’s revenue for the quarter was up 8.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.09 EPS. Cintas has set its FY 2027 guidance at 5.360-5.500 EPS. On average, research analysts predict that Cintas Corporation will post 5.49 EPS for the current 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 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 55.61%.

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.