Daiichi Life Insurance Co. Ltd. Invests $4.51 Million in Cintas Corporation $CTAS

Daiichi Life Insurance Co. Ltd. bought a new position in shares of Cintas Corporation (NASDAQ:CTAS) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 26,492 shares of the business services provider’s stock, valued at approximately $4,506,000.

Other hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in Cintas during the 2nd quarter worth approximately $4,520,425,000. Norges Bank acquired a new stake in shares of Cintas in the 4th quarter valued at $923,672,000. Bank of New York Mellon Corp acquired a new stake in shares of Cintas in the 2nd quarter valued at $644,334,000. Deutsche Bank AG purchased a new stake in shares of Cintas during the 2nd quarter worth $204,831,000. Finally, Two Sigma Investments LP lifted its position in shares of Cintas by 5,641.3% during the 3rd quarter. Two Sigma Investments LP now owns 1,016,671 shares of the business services provider’s stock worth $208,682,000 after purchasing an additional 998,963 shares during the last quarter. Institutional investors and hedge funds own 63.46% of the company’s stock.

Analysts Set New Price Targets

CTAS has been the topic of several recent analyst reports. UBS Group reissued a “buy” rating and issued a $230.00 target price (up from $228.00) on shares of Cintas in a report on Thursday, July 16th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $231.00 price objective on shares of Cintas in a research report on Wednesday, July 15th. Wells Fargo & Company reiterated an “overweight” rating and issued a $250.00 price objective (up from $245.00) on shares of Cintas in a report on Thursday, July 16th. Royal Bank Of Canada reissued a “sector perform” rating and set a $206.00 target price on shares of Cintas in a research report on Thursday, July 16th. Finally, Truist Financial lowered their price target on Cintas from $255.00 to $225.00 and set a “buy” rating for the company in a report on Monday, June 15th. One equities research 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 issued a Sell rating to the stock. Based on data from MarketBeat.com, Cintas currently has a consensus rating of “Moderate Buy” and an average target price of $212.31.

Cintas Price Performance

Shares of CTAS opened at $203.79 on Monday. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.43 and a quick ratio of 1.27. Cintas Corporation has a 1-year low of $161.16 and a 1-year high of $219.16. The stock has a market cap of $81.55 billion, a PE ratio of 54.49, a price-to-earnings-growth ratio of 3.29 and a beta of 0.91. The firm has a fifty day moving average price of $191.16 and a 200 day moving average price of $185.04.

Cintas (NASDAQ:CTAS) last posted its earnings results on Wednesday, July 15th. The business services provider reported $1.29 EPS for the quarter, topping 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 business had revenue of $2.91 billion for the quarter, compared to analysts’ expectations of $2.87 billion. During the same quarter in the previous year, the firm earned $1.09 earnings per share. The business’s revenue was up 8.9% compared to the same quarter last year. Cintas has set its FY 2027 guidance at 5.360-5.500 EPS. As a group, sell-side analysts anticipate that Cintas Corporation will post 5.49 EPS for the current year.

Cintas Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Friday, August 14th will be paid a $0.52 dividend. This is an increase from Cintas’s previous quarterly dividend of $0.45. This represents a $2.08 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date is Friday, August 14th. Cintas’s dividend payout ratio (DPR) is presently 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.