Cintas Corporation $CTAS Stock Position Lifted by Tidal Investments LLC

Tidal Investments LLC raised its stake in Cintas Corporation (NASDAQ:CTAS) by 16.3% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 62,579 shares of the business services provider’s stock after purchasing an additional 8,778 shares during the quarter. Tidal Investments LLC’s holdings in Cintas were worth $10,643,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CTAS. Nemes Rush Group LLC purchased a new position in shares of Cintas during the 4th quarter valued at $25,000. First United Bank & Trust acquired a new position in shares of Cintas in the first quarter worth $25,000. Whipplewood Advisors LLC raised its holdings in shares of Cintas by 1,712.5% during the first quarter. Whipplewood Advisors LLC now owns 145 shares of the business services provider’s stock worth $25,000 after acquiring an additional 137 shares in the last quarter. Swiss RE Ltd. purchased a new stake in shares of Cintas during the fourth quarter worth $25,000. Finally, Kemnay Advisory Services Inc. acquired a new stake in Cintas during the fourth quarter valued at $26,000. Hedge funds and other institutional investors own 63.46% of the company’s stock.

Cintas Trading Up 1.5%

Cintas stock opened at $201.50 on Friday. Cintas Corporation has a one year low of $161.16 and a one year high of $219.16. The company’s fifty day moving average price is $199.96 and its two-hundred day moving average price is $185.77. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.43 and a quick ratio of 1.27. The company has a market capitalization of $80.63 billion, a price-to-earnings ratio of 53.88, a PEG ratio of 3.20 and a beta of 0.91.

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

Cintas Increases Dividend

The business also recently announced 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 dividend payout ratio is presently 55.61%.

Wall Street Analyst Weigh In

A number of brokerages have commented on CTAS. Sanford C. Bernstein restated a “market perform” rating on shares of Cintas in a research note on Thursday. Wells Fargo & Company reaffirmed an “overweight” rating and set a $250.00 price target (up from $245.00) on shares of Cintas in a research note on Thursday, July 16th. Robert W. Baird lifted their price target on Cintas from $200.00 to $214.00 and gave the company an “outperform” rating in a report on Thursday, July 16th. Argus raised Cintas to a “strong-buy” rating in a research note on Friday, July 17th. Finally, The Goldman Sachs Group restated a “buy” rating and issued a $231.00 price objective on shares of Cintas in a report on Wednesday, July 15th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Cintas currently has a consensus rating of “Moderate Buy” and a consensus target price of $212.31.

About Cintas

Cintas Corporation is a provider of workplace products and services for businesses across North America. The company helps organizations manage employee appearance, workplace cleanliness, safety, and compliance through a range of recurring service programs.

Its offerings include uniform rental and workwear, branded apparel, entrance mats, restroom supplies, and facility cleaning services. Cintas also provides first-aid and safety products, training, and fire protection services, including inspection and maintenance programs for fire extinguishers, sprinkler systems, alarms, and related equipment.

Headquartered in Mason, Ohio, Cintas traces its roots to a family-operated industrial laundry business established by Richard T.