Northwestern Mutual Wealth Management Co. Has $6.20 Million Stock Position in Cintas Corporation $CTAS

Northwestern Mutual Wealth Management Co. lessened its holdings in shares of Cintas Corporation (NASDAQ:CTAS) by 8.4% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 36,459 shares of the business services provider’s stock after selling 3,324 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Cintas were worth $6,201,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. One Capital Management LLC increased its holdings 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 worth $1,159,000 after acquiring an additional 53 shares in the last quarter. Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of Cintas by 0.8% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 7,198 shares of the business services provider’s stock valued at $1,236,000 after purchasing an additional 58 shares in the last quarter. Sachetta LLC grew its position in shares of Cintas by 46.0% in the 1st quarter. Sachetta LLC now owns 200 shares of the business services provider’s stock valued at $34,000 after purchasing an additional 63 shares during the period. Ausdal Financial Partners Inc. grew its position in shares of Cintas by 2.8% in the 2nd quarter. Ausdal Financial Partners Inc. now owns 2,287 shares of the business services provider’s stock valued at $510,000 after purchasing an additional 63 shares during the period. Finally, Elyxium Wealth LLC increased its stake in Cintas by 4.9% during the 4th quarter. Elyxium Wealth LLC now owns 1,368 shares of the business services provider’s stock worth $257,000 after purchasing an additional 64 shares in the last quarter. 63.46% of the stock is currently owned by institutional investors.

Cintas Stock Down 1.2%

Shares of CTAS stock opened at $198.09 on Thursday. The firm’s fifty day moving average price is $196.26 and its two-hundred day moving average price is $185.48. The company has a current ratio of 1.43, a quick ratio of 1.27 and a debt-to-equity ratio of 0.28. Cintas Corporation has a 1 year low of $161.16 and a 1 year high of $219.16. The firm has a market capitalization of $79.27 billion, a P/E ratio of 52.97, a PEG ratio of 3.24 and a beta of 0.92.

Cintas (NASDAQ:CTAS) last released its earnings results on Wednesday, July 15th. The business services provider reported $1.29 earnings per share (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 business 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. Cintas’s quarterly revenue was up 8.9% on a year-over-year basis. Cintas has set its FY 2027 guidance at 5.360-5.500 EPS. On average, equities analysts predict that Cintas Corporation will post 5.49 EPS for the current fiscal year.

Cintas Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Friday, August 14th will be given a dividend of $0.52 per share. This is a positive change from Cintas’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Friday, August 14th. This represents a $2.08 annualized dividend and a dividend yield of 1.1%. Cintas’s payout ratio is presently 55.61%.

Wall Street Analyst Weigh In

Several analysts have commented on CTAS shares. Royal Bank Of Canada restated a “sector perform” rating and set a $206.00 target price on shares of Cintas in a report on Thursday, July 16th. Truist Financial reduced their price target on shares of Cintas from $255.00 to $225.00 and set a “buy” rating for the company in a report on Monday, June 15th. Argus raised shares of Cintas to a “strong-buy” rating in a research report on Friday, July 17th. The Goldman Sachs Group restated a “buy” rating and set a $231.00 price objective on shares of Cintas in a report on Wednesday, July 15th. Finally, Robert W. Baird boosted their price objective 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. One investment 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 issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target 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.