Haverford Trust Co Buys New Holdings in Cintas Corporation $CTAS

Haverford Trust Co purchased a new position in shares of Cintas Corporation (NASDAQ:CTAS) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 85,558 shares of the business services provider’s stock, valued at approximately $14,552,000.

Several other institutional investors and hedge funds have also bought and sold shares of CTAS. One Capital Management LLC boosted its holdings in shares of Cintas by 0.9% in the 4th quarter. One Capital Management LLC now owns 6,160 shares of the business services provider’s stock valued at $1,159,000 after acquiring an additional 53 shares during the last quarter. Whittier Trust Co. of Nevada Inc. raised its holdings in shares of Cintas by 0.8% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 7,198 shares of the business services provider’s stock worth $1,236,000 after purchasing an additional 58 shares during the last quarter. Sachetta LLC raised its holdings in shares of Cintas by 46.0% during the first quarter. Sachetta LLC now owns 200 shares of the business services provider’s stock worth $34,000 after purchasing an additional 63 shares during the last quarter. Ausdal Financial Partners Inc. lifted its position in Cintas by 2.8% during the second 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 lifted its position in Cintas by 4.9% during the fourth quarter. Elyxium Wealth LLC now owns 1,368 shares of the business services provider’s stock valued at $257,000 after purchasing an additional 64 shares during the period. 63.46% of the stock is currently owned by institutional investors and hedge funds.

Cintas Stock Up 0.1%

CTAS opened at $203.79 on Friday. Cintas Corporation has a fifty-two week low of $161.16 and a fifty-two week high of $219.16. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.27 and a current ratio of 1.43. The company has a fifty day moving average of $191.16 and a two-hundred day moving average of $185.08. The stock has a market capitalization of $81.55 billion, a price-to-earnings ratio of 54.49, a PEG ratio of 3.29 and a beta of 0.92.

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 the consensus estimate of $2.87 billion. During the same quarter in the prior year, the firm posted $1.09 earnings per share. The company’s revenue was up 8.9% compared to the same quarter last year. Cintas has set its FY 2027 guidance at 5.360-5.500 EPS. On average, research analysts expect that Cintas Corporation will post 5.49 earnings per share for the current year.

Cintas Increases Dividend

The firm also recently declared 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 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Friday, August 14th. This is a positive change from Cintas’s previous quarterly dividend of $0.45. Cintas’s payout ratio is currently 55.61%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on CTAS. Wells Fargo & Company reaffirmed an “overweight” rating and set a $250.00 price target (up from $245.00) on shares of Cintas in a research report on Thursday, July 16th. Robert W. Baird boosted their price objective on Cintas from $200.00 to $214.00 and gave the company an “outperform” rating in a report on Thursday, July 16th. The Goldman Sachs Group restated a “buy” rating and issued a $231.00 target price on shares of Cintas in a research note on Wednesday, July 15th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $206.00 target price on shares of Cintas in a report on Thursday, July 16th. Finally, Truist Financial reduced their price target on Cintas from $255.00 to $225.00 and set a “buy” rating for the company in a research report on Monday, June 15th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $212.31.

Cintas 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.