OneDigital Investment Advisors LLC Takes $610,000 Position in Cintas Corporation $CTAS

OneDigital Investment Advisors LLC purchased a new stake in shares of Cintas Corporation (NASDAQ:CTAS) in the 2nd quarter, HoldingsChannel reports. The institutional investor purchased 3,589 shares of the business services provider’s stock, valued at approximately $610,000.

Several other large investors have also made changes to their positions in the company. Nemes Rush Group LLC bought a new position in Cintas during the fourth quarter valued at approximately $25,000. First United Bank & Trust acquired a new stake in Cintas in the first quarter valued at approximately $25,000. Whipplewood Advisors LLC grew its position in Cintas by 1,712.5% in the first quarter. Whipplewood Advisors LLC now owns 145 shares of the business services provider’s stock worth $25,000 after acquiring an additional 137 shares in the last quarter. Swiss RE Ltd. acquired a new position in shares of Cintas during the 4th quarter worth $25,000. Finally, Camelot Portfolios LLC acquired a new position in shares of Cintas during the 4th quarter worth $26,000. Institutional investors own 63.46% of the company’s stock.

Cintas Trading Up 0.8%

Shares of CTAS stock opened at $199.45 on Wednesday. Cintas Corporation has a 12 month low of $161.16 and a 12 month high of $219.87. The company has a market cap of $79.81 billion, a PE ratio of 53.33, a price-to-earnings-growth ratio of 3.22 and a beta of 0.91. The company has a quick ratio of 1.27, a current ratio of 1.43 and a debt-to-equity ratio of 0.28. The business’s 50 day moving average is $189.72 and its two-hundred day moving average is $184.77.

Cintas (NASDAQ:CTAS) last issued its quarterly earnings data on Wednesday, July 15th. The business services provider reported $1.29 earnings per share for the quarter, topping analysts’ consensus estimates of $1.24 by $0.05. Cintas had a net margin of 17.75% and a return on equity of 42.05%. The business had revenue of $2.91 billion during the quarter, compared to analysts’ expectations of $2.87 billion. During the same period in the previous year, the company earned $1.09 earnings per share. Cintas’s revenue for the quarter was up 8.9% on a year-over-year basis. Cintas has set its FY 2027 guidance at 5.360-5.500 EPS. Equities analysts predict that Cintas Corporation will post 5.49 EPS for the current 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 is a boost from Cintas’s previous quarterly dividend of $0.45. The ex-dividend date is Friday, August 14th. This represents a $2.08 annualized dividend and a yield of 1.0%. Cintas’s payout ratio is 55.61%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on CTAS shares. Argus upgraded shares of Cintas to a “strong-buy” rating in a report on Friday, July 17th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $206.00 price objective on shares of Cintas in a report on Thursday, July 16th. Robert W. Baird increased their target price on shares of Cintas from $200.00 to $214.00 and gave the stock an “outperform” rating 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, Bank of America raised Cintas from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $200.00 to $230.00 in a research report on Thursday, July 16th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus 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.