Northwestern Mutual Wealth Management Co. Buys New Stake in Cintas Corporation $CTAS

Northwestern Mutual Wealth Management Co. bought a new stake in Cintas Corporation (NASDAQ:CTAS) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 36,459 shares of the business services provider’s stock, valued at approximately $6,201,000.

Other large investors also recently added to or reduced their stakes in the company. One Capital Management LLC boosted its position in shares of Cintas by 0.9% during the fourth quarter. One Capital Management LLC now owns 6,160 shares of the business services provider’s stock worth $1,159,000 after buying an additional 53 shares during the period. Whittier Trust Co. of Nevada Inc. raised its holdings in shares of Cintas by 0.8% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 7,198 shares of the business services provider’s stock valued at $1,236,000 after buying an additional 58 shares during the period. Sachetta LLC raised its holdings in shares of Cintas by 46.0% in the 1st quarter. Sachetta LLC now owns 200 shares of the business services provider’s stock valued at $34,000 after buying an additional 63 shares during the period. Ausdal Financial Partners Inc. lifted its stake in Cintas by 2.8% during the 2nd quarter. Ausdal Financial Partners Inc. now owns 2,287 shares of the business services provider’s stock worth $510,000 after acquiring an additional 63 shares in the last quarter. Finally, Elyxium Wealth LLC lifted its stake in Cintas by 4.9% during the 4th quarter. Elyxium Wealth LLC now owns 1,368 shares of the business services provider’s stock worth $257,000 after acquiring an additional 64 shares in the last quarter. 63.46% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Robert W. Baird lifted their target price on Cintas from $200.00 to $214.00 and gave the company an “outperform” rating in a research report on Thursday, July 16th. Royal Bank Of Canada reissued a “sector perform” rating and set a $206.00 price target on shares of Cintas in a research report on Thursday, July 16th. The Goldman Sachs Group reissued a “buy” rating and issued a $231.00 price objective on shares of Cintas in a research note on Wednesday, July 15th. Argus upgraded shares of Cintas to a “strong-buy” rating in a report on Friday, July 17th. Finally, UBS Group reaffirmed a “buy” rating and set a $230.00 target price (up from $228.00) on shares of Cintas in a research note on Thursday, July 16th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $212.31.

Cintas Stock Performance

NASDAQ:CTAS opened at $203.79 on Monday. The firm has a market cap of $81.55 billion, a PE ratio of 54.49, a price-to-earnings-growth ratio of 3.29 and a beta of 0.91. The stock has a fifty day moving average price of $191.16 and a 200 day moving average price of $185.04. Cintas Corporation has a 12-month low of $161.16 and a 12-month high of $219.16. The company has a current ratio of 1.43, a quick ratio of 1.27 and a debt-to-equity ratio of 0.28.

Cintas (NASDAQ:CTAS) last released its earnings results on Wednesday, July 15th. The business services provider reported $1.29 EPS for the quarter, topping the consensus estimate of $1.24 by $0.05. Cintas had a return on equity of 42.05% and a net margin of 17.75%.The firm 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 firm posted $1.09 EPS. 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. Sell-side analysts anticipate that Cintas Corporation will post 5.49 earnings per share for the current fiscal year.

Cintas Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Friday, August 14th will be given a dividend of $0.52 per share. This is a boost from Cintas’s previous quarterly dividend of $0.45. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend is Friday, August 14th. Cintas’s dividend payout ratio is presently 55.61%.

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.