Cintas Corporation $CTAS Shares Purchased by Czech National Bank

Czech National Bank lifted its position in Cintas Corporation (NASDAQ:CTAS) by 4.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 96,798 shares of the business services provider’s stock after purchasing an additional 4,226 shares during the quarter. Czech National Bank’s holdings in Cintas were worth $16,463,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Riverbridge Partners LLC increased its position in shares of Cintas by 7.7% during the 1st quarter. Riverbridge Partners LLC now owns 229,158 shares of the business services provider’s stock worth $38,760,000 after purchasing an additional 16,437 shares during the last quarter. SEB Asset Management AB acquired a new position in Cintas in the first quarter valued at about $22,366,000. Northwestern Mutual Wealth Management Co. boosted its stake in Cintas by 2,286.3% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 736,620 shares of the business services provider’s stock worth $138,536,000 after buying an additional 705,751 shares during the period. Suncoast Equity Management increased its position in shares of Cintas by 53.7% during the fourth quarter. Suncoast Equity Management now owns 23,845 shares of the business services provider’s stock valued at $4,485,000 after acquiring an additional 8,330 shares during the last quarter. Finally, King Luther Capital Management Corp lifted its holdings in shares of Cintas by 0.7% in the 4th quarter. King Luther Capital Management Corp now owns 1,812,112 shares of the business services provider’s stock worth $340,804,000 after acquiring an additional 12,204 shares during the last quarter. 63.46% of the stock is currently owned by institutional investors and hedge funds.

Cintas Trading Up 0.4%

NASDAQ:CTAS opened at $203.05 on Friday. Cintas Corporation has a 12-month low of $161.16 and a 12-month high of $226.75. The firm has a market cap of $81.25 billion, a PE ratio of 54.29, a price-to-earnings-growth ratio of 3.26 and a beta of 0.92. The company has a current ratio of 1.43, a quick ratio of 1.27 and a debt-to-equity ratio of 0.28. The stock has a fifty day moving average price of $186.23 and a 200 day moving average price of $184.43.

Cintas (NASDAQ:CTAS) last issued its quarterly earnings results on Wednesday, July 15th. The business services provider reported $1.29 earnings per share for the quarter, topping the consensus estimate of $1.24 by $0.05. The company had revenue of $2.91 billion for the quarter, compared to the consensus estimate of $2.87 billion. Cintas had a return on equity of 42.05% and a net margin of 17.75%.Cintas’s revenue was up 8.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.09 EPS. Cintas has set its FY 2027 guidance at 5.360-5.500 EPS. Sell-side analysts anticipate that Cintas Corporation will post 5.49 earnings per share for the current fiscal year.

Cintas Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Friday, August 14th will be issued a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 1.0%. 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. Cintas’s dividend payout ratio is 48.13%.

Analyst Ratings Changes

CTAS has been the subject of several research reports. Wells Fargo & Company reiterated an “overweight” rating and issued a $250.00 target price (up from $245.00) on shares of Cintas in a report on Thursday, July 16th. Argus upgraded shares of Cintas to a “strong-buy” rating in a research note on Friday, July 17th. The Goldman Sachs Group reissued a “buy” rating and set a $231.00 price target on shares of Cintas in a research report on Wednesday, July 15th. Robert W. Baird raised their price objective on shares of Cintas from $200.00 to $214.00 and gave the company an “outperform” rating in a research note on Thursday, July 16th. Finally, Weiss Ratings upgraded shares of Cintas from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, July 10th. 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. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $212.31.

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.