OMERS ADMINISTRATION Corp Acquires New Position in Cintas Corporation $CTAS

OMERS ADMINISTRATION Corp acquired a new stake in Cintas Corporation (NASDAQ:CTAS) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 21,291 shares of the business services provider’s stock, valued at approximately $3,621,000.

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

Cintas Trading Down 1.3%

Shares of Cintas stock opened at $204.76 on Wednesday. The stock has a 50 day moving average of $192.37 and a 200 day moving average of $185.24. 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 firm has a market capitalization of $81.94 billion, a price-to-earnings ratio of 54.75, a PEG ratio of 3.35 and a beta of 0.92. Cintas Corporation has a fifty-two week low of $161.16 and a fifty-two week high of $219.16.

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

Cintas Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Friday, August 14th will be issued a $0.52 dividend. This is an increase 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 payout ratio is presently 55.61%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on CTAS. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $206.00 target price on shares of Cintas in a research note on Thursday, July 16th. Robert W. Baird boosted their price target on shares of Cintas from $200.00 to $214.00 and gave the company an “outperform” rating in a research report on Thursday, July 16th. Weiss Ratings raised shares of Cintas from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, July 10th. UBS Group restated a “buy” rating and set a $230.00 price objective (up from $228.00) on shares of Cintas in a research report on Thursday, July 16th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and set a $231.00 target price on shares of Cintas in a research note on Wednesday, July 15th. 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 assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $212.31.

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.