3,363 Shares in Cintas Corporation $CTAS Purchased by Vega Investment Solutions

Vega Investment Solutions bought a new position in Cintas Corporation (NASDAQ:CTAS) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 3,363 shares of the business services provider’s stock, valued at approximately $572,000.

A number of other large investors have also recently modified their holdings of the business. One Capital Management LLC grew its holdings in shares of Cintas by 0.9% during the fourth quarter. One Capital Management LLC now owns 6,160 shares of the business services provider’s stock worth $1,159,000 after purchasing an additional 53 shares in the last quarter. Whittier Trust Co. of Nevada Inc. raised its stake in Cintas by 0.8% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 7,198 shares of the business services provider’s stock valued at $1,236,000 after purchasing an additional 58 shares in the last quarter. Sachetta LLC raised its stake in Cintas by 46.0% in the first quarter. Sachetta LLC now owns 200 shares of the business services provider’s stock valued at $34,000 after purchasing an additional 63 shares in the last quarter. Ausdal Financial Partners Inc. raised its stake in Cintas by 2.8% in the second quarter. Ausdal Financial Partners Inc. now owns 2,287 shares of the business services provider’s stock valued at $510,000 after purchasing an additional 63 shares in the last quarter. Finally, Elyxium Wealth LLC lifted its position in Cintas by 4.9% during the fourth quarter. Elyxium Wealth LLC now owns 1,368 shares of the business services provider’s stock valued at $257,000 after purchasing an additional 64 shares during the last quarter. Institutional investors own 63.46% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on CTAS shares. Bank of America raised shares of Cintas from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $200.00 to $230.00 in a research note on Thursday, July 16th. Truist Financial dropped their price objective on shares of Cintas from $255.00 to $225.00 and set a “buy” rating for the company in a report on Monday, June 15th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $206.00 target price on shares of Cintas in a research report on Thursday, July 16th. UBS Group reissued a “buy” rating and issued a $230.00 target price (up from $228.00) on shares of Cintas in a research note on Thursday, July 16th. Finally, Argus upgraded Cintas to a “strong-buy” rating in a research report on Friday, July 17th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $212.31.

Cintas Trading Up 1.8%

Shares of CTAS opened at $207.40 on Tuesday. The firm has a market cap of $83.00 billion, a price-to-earnings ratio of 55.45, a PEG ratio of 3.29 and a beta of 0.92. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.27 and a current ratio of 1.43. Cintas Corporation has a fifty-two week low of $161.16 and a fifty-two week high of $219.16. The firm has a 50 day moving average price of $191.81 and a 200-day moving average price of $185.16.

Cintas (NASDAQ:CTAS) last released its earnings results on Wednesday, July 15th. The business services provider reported $1.29 EPS for the quarter, beating the consensus estimate of $1.24 by $0.05. Cintas had a net margin of 17.75% and a return on equity of 42.05%. The company had revenue of $2.91 billion for the quarter, compared to analyst estimates of $2.87 billion. The firm’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same quarter last year, the firm earned $1.09 EPS. Cintas has set its FY 2027 guidance at 5.360-5.500 EPS. As a group, equities research analysts forecast that Cintas Corporation will post 5.49 earnings per share for the current year.

Cintas Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Friday, August 14th will be given a dividend of $0.52 per share. The ex-dividend date is Friday, August 14th. This is a positive change from Cintas’s previous quarterly dividend of $0.45. This represents a $2.08 annualized dividend and a yield of 1.0%. Cintas’s dividend payout ratio (DPR) is currently 55.61%.

Cintas Company 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.