172,641 Shares in Cintas Corporation $CTAS Purchased by Randolph Co Inc

Randolph Co Inc acquired a new stake in shares of Cintas Corporation (NASDAQ:CTAS) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 172,641 shares of the business services provider’s stock, valued at approximately $33,675,000. Cintas makes up 2.7% of Randolph Co Inc’s investment portfolio, making the stock its 17th largest position.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. BlackRock Inc. acquired a new stake in shares of Cintas in the 2nd quarter valued at $4,520,425,000. Bank of New York Mellon Corp bought a new position in shares of Cintas in the 2nd quarter valued at $644,334,000. Amundi increased its stake in shares of Cintas by 6.3% in the 1st quarter. Amundi now owns 2,402,362 shares of the business services provider’s stock valued at $406,336,000 after purchasing an additional 142,576 shares during the last quarter. Legal & General Group Plc bought a new position in shares of Cintas in the 2nd quarter valued at $386,159,000. Finally, Pictet Asset Management Holding SA increased its stake in shares of Cintas by 8.3% in the 1st quarter. Pictet Asset Management Holding SA now owns 2,167,957 shares of the business services provider’s stock valued at $366,673,000 after purchasing an additional 165,752 shares during the last quarter. 63.46% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Wells Fargo & Company reissued an “overweight” rating and set a $250.00 price target (up from $245.00) on shares of Cintas in a report on Thursday, July 16th. Rothschild & Co Redburn upped their price objective on Cintas from $184.00 to $198.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 28th. Robert W. Baird set a $222.00 price objective on Cintas and gave the company an “outperform” rating in a research note on Thursday, September 24th. Jefferies Financial Group raised their price objective on Cintas from $200.00 to $210.00 and gave the company a “hold” rating in a research note on Thursday, July 16th. Finally, Truist Financial lifted 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. Ten research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $218.50.

Cintas Price Performance

CTAS stock opened at $224.10 on Monday. The company has a 50 day simple moving average of $202.71 and a 200 day simple moving average of $189.03. The stock has a market cap of $88.99 billion, a price-to-earnings ratio of 44.20, a P/E/G ratio of 3.55 and a beta of 0.92. Cintas Corporation has a 1 year low of $161.16 and a 1 year high of $225.79. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.45 and a quick ratio of 1.29.

Cintas (NASDAQ:CTAS) last issued its quarterly earnings data on Wednesday, September 23rd. The business services provider reported $1.39 EPS for the quarter, beating the consensus estimate of $1.35 by $0.04. The business 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 firm’s revenue was up 10.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.20 EPS. Cintas has set its FY 2027 guidance at 5.450-5.540 EPS. Research analysts anticipate that Cintas Corporation will post 5.53 EPS for the current fiscal year.

Cintas Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Friday, August 14th were paid a dividend of $0.52 per share. The ex-dividend date of this dividend was Friday, August 14th. 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 0.9%. Cintas’s payout ratio is presently 41.03%.

Cintas Company Profile

Cintas Corporation provides workplace products and services to businesses and other organizations, primarily in the United States and Canada. The company is best known for designing, supplying, laundering and maintaining uniforms, workwear and related apparel for employees across a range of industries.

Its offerings also include facility services such as entrance mats, restroom supplies, hygiene products, janitorial supplies and document management. Through its first aid and safety business, Cintas provides first-aid products, safety training and related workplace solutions.