Cintas Corporation $CTAS Stock Acquired by Inspire Investing LLC

Inspire Investing LLC boosted its holdings in shares of Cintas Corporation (NASDAQ:CTAS) by 4.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 74,040 shares of the business services provider’s stock after purchasing an additional 3,155 shares during the period. Cintas comprises 0.6% of Inspire Investing LLC’s portfolio, making the stock its 20th biggest holding. Inspire Investing LLC’s holdings in Cintas were worth $14,442,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. First United Bank & Trust acquired a new position in shares of Cintas in the 1st quarter worth approximately $25,000. Whipplewood Advisors LLC boosted its stake in Cintas by 1,712.5% in the 1st quarter. Whipplewood Advisors LLC now owns 145 shares of the business services provider’s stock valued at $25,000 after buying an additional 137 shares in the last quarter. Meeder Asset Management Inc. acquired a new stake in Cintas in the 2nd quarter valued at $27,000. Archer Investment Corp acquired a new stake in Cintas in the 1st quarter valued at $32,000. Finally, Highland Investment Advisors LLC bought a new stake in Cintas in the second quarter valued at $32,000. 63.46% of the stock is owned by institutional investors and hedge funds.

Cintas Trading Up 0.0%

CTAS stock opened at $224.10 on Friday. The business has a fifty day moving average price of $202.71 and a 200 day moving average price of $188.91. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.45 and a quick ratio of 1.29. Cintas Corporation has a fifty-two week low of $161.16 and a fifty-two week high of $225.79. The stock has a market capitalization of $88.99 billion, a price-to-earnings ratio of 44.20, a P/E/G ratio of 3.55 and a beta of 0.92.

Cintas (NASDAQ:CTAS) last posted its quarterly earnings data on Wednesday, September 23rd. The business services provider reported $1.39 EPS for the quarter, topping analysts’ consensus estimates of $1.35 by $0.04. The company had revenue of $3.01 billion for the quarter, compared to analyst estimates of $2.98 billion. Cintas had a return on equity of 42.57% and a net margin of 17.82%. The business’s revenue was up 10.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.20 earnings per share. Cintas has set its FY 2027 guidance at 5.450-5.540 EPS. Analysts expect that Cintas Corporation will post 5.53 EPS for the current fiscal year.

Cintas Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Friday, August 14th were issued a $0.52 dividend. 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 0.9%. The ex-dividend date of this dividend was Friday, August 14th. Cintas’s dividend payout ratio (DPR) is presently 41.03%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on CTAS shares. Royal Bank Of Canada reiterated a “sector perform” rating and set a $206.00 price objective on shares of Cintas in a research note on Thursday, September 24th. Jefferies Financial Group boosted their target price on shares of Cintas from $200.00 to $210.00 and gave the company a “hold” rating in a research note on Thursday, July 16th. The Goldman Sachs Group boosted their target price on shares of Cintas from $231.00 to $239.00 and gave the company a “buy” rating in a research note on Thursday, September 24th. Citigroup upped their target price on shares of Cintas from $180.00 to $181.00 and gave the stock a “sell” rating in a report on Wednesday, September 30th. Finally, Weiss Ratings upgraded shares of Cintas from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, October 9th. Ten equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $218.50.

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.