Cintas Corporation $CTAS Stock Bought by Wedmont Private Capital

Wedmont Private Capital increased its stake in shares of Cintas Corporation (NASDAQ:CTAS) by 165.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,965 shares of the business services provider’s stock after acquiring an additional 17,445 shares during the quarter. Wedmont Private Capital’s holdings in Cintas were worth $5,455,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. Monument Capital Management raised its position in shares of Cintas by 10.2% in the 3rd quarter. Monument Capital Management now owns 1,419 shares of the business services provider’s stock worth $277,000 after acquiring an additional 131 shares in the last quarter. Mn Services Vermogensbeheer B.V. boosted its position in shares of Cintas by 220.6% during the third quarter. Mn Services Vermogensbeheer B.V. now owns 317,793 shares of the business services provider’s stock valued at $61,989,000 after purchasing an additional 218,664 shares in the last quarter. GAMMA Investing LLC grew its stake in Cintas by 222.4% in the third quarter. GAMMA Investing LLC now owns 36,883 shares of the business services provider’s stock worth $7,194,000 after purchasing an additional 25,443 shares during the period. Farther Finance Advisors LLC raised its holdings in Cintas by 300.5% in the third quarter. Farther Finance Advisors LLC now owns 46,869 shares of the business services provider’s stock worth $9,142,000 after purchasing an additional 35,165 shares in the last quarter. Finally, CoreCap Advisors LLC raised its holdings in Cintas by 2,000.7% in the third quarter. CoreCap Advisors LLC now owns 11,743 shares of the business services provider’s stock worth $2,291,000 after purchasing an additional 11,184 shares in the last quarter. 63.46% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently weighed in on CTAS shares. Citigroup upped their target price on shares of Cintas from $180.00 to $181.00 and gave the stock a “sell” rating in a research report on Wednesday, September 30th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $231.00 target price on shares of Cintas in a research note on Wednesday, July 15th. 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. Robert W. Baird set a $222.00 price objective on Cintas and gave the company an “outperform” rating in a research report on Thursday, September 24th. Finally, 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. Eight investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Cintas currently has an average rating of “Moderate Buy” and an average target price of $216.08.

Cintas Stock Up 0.6%

Cintas stock traded up $1.19 during trading hours on Friday, hitting $202.31. The stock had a trading volume of 345,130 shares, compared to its average volume of 2,121,148. The stock’s 50-day moving average price is $200.38 and its 200-day moving average price is $185.89. The stock has a market capitalization of $81.07 billion, a P/E ratio of 39.90, a price-to-earnings-growth ratio of 3.13 and a beta of 0.92. Cintas Corporation has a 12-month low of $161.16 and a 12-month high of $219.16. The company has a quick ratio of 1.29, a current ratio of 1.45 and a debt-to-equity ratio of 0.27.

Cintas (NASDAQ:CTAS) last announced its quarterly earnings results on Wednesday, September 23rd. The business services provider reported $1.39 earnings per share for the quarter, beating the consensus estimate of $1.35 by $0.04. Cintas had a net margin of 17.82% and a return on equity of 42.57%. The company had revenue of $3.01 billion during the quarter, compared to the consensus estimate of $2.98 billion. During the same quarter last year, the firm earned $1.20 earnings per share. The firm’s quarterly revenue was up 10.9% compared to the same quarter last year. Cintas has set its FY 2027 guidance at 5.450-5.540 EPS. Equities research analysts anticipate that Cintas Corporation will post 5.52 EPS for the current fiscal year.

Cintas Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Friday, August 14th were paid a $0.52 dividend. This is an increase from Cintas’s previous quarterly dividend of $0.45. This represents a $2.08 annualized dividend and a dividend yield of 1.0%. The ex-dividend date was Friday, August 14th. Cintas’s dividend payout ratio (DPR) is presently 41.03%.

About Cintas

Cintas Corporation (NASDAQ: CTAS) provides workplace services to businesses and organizations across North America. The company’s primary business is uniform rental and facility services, including the design, rental, cleaning and delivery of uniforms, work apparel and related garments.

Its offerings also include restroom and hygiene services, floor-care products, mats, towels, and other facility supplies. Through its First Aid & Safety segment, Cintas provides first-aid products, safety equipment and training.