3,519 Cintas Corporation $CTAS Shares Purchased by Mather Group LLC.

Mather Group LLC. boosted its position in Cintas Corporation (NASDAQ:CTAS) by 78.7% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 7,993 shares of the business services provider’s stock after acquiring an additional 3,519 shares during the quarter. Mather Group LLC.’s holdings in Cintas were worth $1,559,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new stake in shares of Cintas during the second quarter valued at about $4,520,425,000. Bank of New York Mellon Corp acquired a new position in shares of Cintas in the second quarter worth about $644,334,000. Legal & General Group Plc acquired a new position in shares of Cintas in the second quarter worth about $386,159,000. Bank of America Corp DE acquired a new position in shares of Cintas in the second quarter worth about $233,111,000. Finally, Deutsche Bank AG acquired a new position in shares of Cintas in the second quarter worth about $204,831,000. Institutional investors and hedge funds own 63.46% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on CTAS. UBS Group reissued a “buy” rating and issued a $235.00 price target (up from $230.00) on shares of Cintas in a report on Thursday, September 24th. Jefferies Financial Group lifted their price objective on Cintas from $200.00 to $210.00 and gave the stock a “hold” rating in a report on Thursday, July 16th. Wells Fargo & Company restated an “overweight” rating and set a $250.00 price objective (up from $245.00) on shares of Cintas in a report on Thursday, July 16th. Truist Financial upped their target price on Cintas from $225.00 to $230.00 and gave the company a “buy” rating in a research report on Thursday, September 24th. Finally, Bank of America upgraded Cintas from a “neutral” rating to a “buy” rating and increased their target price for the company from $200.00 to $230.00 in a research note on Thursday, July 16th. Ten equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $218.50.

Cintas Stock Up 0.3%

NASDAQ CTAS traded up $0.63 during trading hours on Friday, reaching $213.69. 1,822,045 shares of the company traded hands, compared to its average volume of 2,015,325. The stock has a market capitalization of $84.85 billion, a PE ratio of 42.15, a PEG ratio of 3.39 and a beta of 0.92. The company has a current ratio of 1.45, a quick ratio of 1.29 and a debt-to-equity ratio of 0.27. Cintas Corporation has a 12 month low of $161.16 and a 12 month high of $219.16. The company has a 50 day moving average of $200.99 and a two-hundred day moving average of $187.24.

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

Cintas Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Friday, August 14th were given a dividend of $0.52 per share. The ex-dividend date of this dividend was Friday, August 14th. This is a positive change from Cintas’s previous quarterly dividend of $0.45. This represents a $2.08 annualized dividend and a dividend yield of 1.0%. Cintas’s dividend payout ratio is 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.