Cintas Corporation $CTAS Shares Newly Purchased by 365 WMG Private Fund I Primus Fund LLC

365 WMG Private Fund I Primus Fund LLC bought a new stake in shares of Cintas Corporation (NASDAQ:CTAS) in the third quarter, according to its most recent Form 13F filing with the SEC. The fund bought 3,228 shares of the business services provider’s stock, valued at approximately $630,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. BlackRock Inc. bought a new stake in shares of Cintas during the second quarter valued at approximately $4,520,425,000. Bank of New York Mellon Corp bought a new position in Cintas in the 2nd quarter worth approximately $644,334,000. Amundi grew its holdings in Cintas by 6.3% in the 1st quarter. Amundi now owns 2,402,362 shares of the business services provider’s stock worth $406,336,000 after buying an additional 142,576 shares in the last quarter. Legal & General Group Plc bought a new position in Cintas in the 2nd quarter worth approximately $386,159,000. Finally, Pictet Asset Management Holding SA grew its holdings in Cintas by 8.3% in the 1st quarter. Pictet Asset Management Holding SA now owns 2,167,957 shares of the business services provider’s stock worth $366,673,000 after buying an additional 165,752 shares in the last quarter. Institutional investors own 63.46% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on CTAS shares. Truist Financial raised their target price on Cintas from $225.00 to $230.00 and gave the company a “buy” rating in a research report on Thursday, September 24th. Jefferies Financial Group boosted their price target on Cintas from $200.00 to $210.00 and gave the stock a “hold” rating in a research report on Thursday, July 16th. Rothschild & Co Redburn boosted their price target on Cintas from $184.00 to $198.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 28th. Weiss Ratings raised Cintas from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, October 9th. Finally, Argus increased their price target on Cintas from $230.00 to $240.00 and gave the stock a “buy” rating in a research note on Tuesday, September 29th. Ten investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $218.50.

Cintas Price Performance

NASDAQ CTAS opened at $217.03 on Wednesday. Cintas Corporation has a 12 month low of $161.16 and a 12 month high of $219.16. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.45 and a quick ratio of 1.29. The firm has a market capitalization of $86.18 billion, a PE ratio of 42.81, a P/E/G ratio of 3.37 and a beta of 0.92. The company’s 50 day simple moving average is $201.42 and its 200 day simple moving average is $187.99.

Cintas (NASDAQ:CTAS) last released its earnings results on Wednesday, September 23rd. The business services provider reported $1.39 earnings per share for the quarter, topping analysts’ consensus estimates of $1.35 by $0.04. The firm had revenue of $3.01 billion during the quarter, compared to the consensus estimate of $2.98 billion. Cintas had a return on equity of 42.57% and a net margin of 17.82%. The firm’s revenue for the quarter was up 10.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.20 earnings per share. Cintas has set its FY 2027 guidance at 5.450-5.540 EPS. As a group, equities research analysts forecast that Cintas Corporation will post 5.53 EPS for the current fiscal year.

Cintas Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Friday, August 14th were issued a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 1.0%. This is a positive change from Cintas’s previous quarterly dividend of $0.45. The ex-dividend date was Friday, August 14th. Cintas’s payout ratio is currently 41.03%.

Cintas Profile

Cintas Corporation provides workplace products and services to businesses and other organizations, primarily in the United States and Canada. The company is best known for designing, supplying, laundering and maintaining uniforms, workwear and related apparel for employees across a range of industries.

Its offerings also include facility services such as entrance mats, restroom supplies, hygiene products, janitorial supplies and document management. Through its first aid and safety business, Cintas provides first-aid products, safety training and related workplace solutions.