17,564 Shares in Cintas Corporation $CTAS Bought by Trivium Point Advisory LLC

Trivium Point Advisory LLC purchased a new position in Cintas Corporation (NASDAQ:CTAS) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 17,564 shares of the business services provider’s stock, valued at approximately $2,987,000.

A number of other large investors have also modified their holdings of CTAS. Nemes Rush Group LLC purchased a new position in shares of Cintas in the 4th quarter valued at approximately $25,000. First United Bank & Trust purchased a new stake in Cintas during the 1st quarter worth approximately $25,000. Whipplewood Advisors LLC increased its stake in Cintas by 1,712.5% during the 1st quarter. Whipplewood Advisors LLC now owns 145 shares of the business services provider’s stock valued at $25,000 after purchasing an additional 137 shares in the last quarter. Swiss RE Ltd. purchased a new position in shares of Cintas in the fourth quarter worth $25,000. Finally, Camelot Portfolios LLC purchased a new stake in shares of Cintas during the fourth quarter valued at $26,000. Hedge funds and other institutional investors own 63.46% of the company’s stock.

Analyst Upgrades and Downgrades

CTAS has been the topic of several research analyst reports. Robert W. Baird increased their price objective on Cintas from $200.00 to $214.00 and gave the company an “outperform” rating in a report on Thursday, July 16th. Argus raised shares of Cintas to a “strong-buy” rating in a report on Friday, July 17th. UBS Group reiterated a “buy” rating and set a $230.00 target price (up from $228.00) on shares of Cintas in a research report on Thursday, July 16th. Weiss Ratings upgraded Cintas from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, July 10th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and set a $231.00 target price on shares of Cintas in a report on Wednesday, July 15th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Cintas currently has an average rating of “Moderate Buy” and an average price target of $212.31.

Cintas Price Performance

Shares of NASDAQ:CTAS opened at $199.52 on Monday. The stock has a market cap of $79.84 billion, a price-to-earnings ratio of 53.35, a price-to-earnings-growth ratio of 3.22 and a beta of 0.91. The firm’s 50 day moving average price is $188.85 and its 200 day moving average price is $184.65. Cintas Corporation has a fifty-two week low of $161.16 and a fifty-two week high of $221.36. The company has a quick ratio of 1.27, a current ratio of 1.43 and a debt-to-equity ratio of 0.28.

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. The firm had revenue of $2.91 billion for the quarter, compared to the consensus estimate of $2.87 billion. Cintas had a net margin of 17.75% and a return on equity of 42.05%. The company’s revenue was up 8.9% on a year-over-year basis. During the same period last year, the firm posted $1.09 EPS. Cintas has set its FY 2027 guidance at 5.360-5.500 EPS. As a group, equities research analysts predict that Cintas Corporation will post 5.49 earnings per share for the current fiscal year.

Cintas Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Friday, August 14th will be issued a $0.52 dividend. The ex-dividend date of this dividend is Friday, August 14th. This is a positive change from Cintas’s previous quarterly dividend of $0.45. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.0%. Cintas’s dividend payout ratio is currently 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.