Janus Henderson Group PLC Buys 8,623 Shares of Cintas Corporation $CTAS

Janus Henderson Group PLC raised its stake in Cintas Corporation (NASDAQ:CTAS) by 20.0% during the 1st quarter, Holdings Channel.com reports. The firm owned 51,716 shares of the business services provider’s stock after buying an additional 8,623 shares during the quarter. Janus Henderson Group PLC’s holdings in Cintas were worth $8,746,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. State Street Corp boosted its stake in Cintas by 1.4% in the fourth quarter. State Street Corp now owns 15,311,491 shares of the business services provider’s stock valued at $2,879,632,000 after acquiring an additional 210,477 shares in the last quarter. Geode Capital Management LLC grew its holdings in Cintas by 1.1% in the fourth quarter. Geode Capital Management LLC now owns 9,293,485 shares of the business services provider’s stock worth $1,746,453,000 after purchasing an additional 97,220 shares during the last quarter. Norges Bank acquired a new position in shares of Cintas during the fourth quarter worth $923,672,000. Morgan Stanley increased its position in shares of Cintas by 0.8% during the fourth quarter. Morgan Stanley now owns 4,393,116 shares of the business services provider’s stock worth $826,214,000 after purchasing an additional 36,666 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its holdings in shares of Cintas by 4.4% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,683,582 shares of the business services provider’s stock valued at $504,702,000 after purchasing an additional 112,622 shares during the last quarter. 63.46% of the stock is currently owned by institutional investors.

Cintas Price Performance

NASDAQ CTAS opened at $201.40 on Thursday. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.43 and a quick ratio of 1.27. The stock’s fifty day moving average price is $185.01 and its 200 day moving average price is $184.25. Cintas Corporation has a 1 year low of $161.16 and a 1 year high of $226.75. The company has a market cap of $80.59 billion, a price-to-earnings ratio of 53.85, a PEG ratio of 3.29 and a beta of 0.92.

Cintas (NASDAQ:CTAS) last issued its quarterly earnings results on Wednesday, July 15th. The business services provider reported $1.29 EPS for the quarter, topping analysts’ consensus estimates of $1.24 by $0.05. The company had revenue of $2.91 billion during the quarter, compared to analysts’ expectations of $2.87 billion. Cintas had a return on equity of 42.05% and a net margin of 17.75%.The firm’s revenue was up 8.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.09 EPS. Cintas has set its FY 2027 guidance at 5.360-5.500 EPS. As a group, equities research analysts forecast that Cintas Corporation will post 5.49 earnings per share for the current year.

Cintas Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Friday, August 14th will be issued a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.0%. This is a positive change from Cintas’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Friday, August 14th. Cintas’s dividend payout ratio is presently 48.13%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Truist Financial dropped their target price on Cintas from $255.00 to $225.00 and set a “buy” rating on the stock in a research note on Monday, June 15th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $206.00 price target on shares of Cintas in a research note on Thursday, July 16th. Argus upgraded Cintas to a “strong-buy” rating in a research note on Friday, July 17th. The Goldman Sachs Group restated a “buy” rating and set a $231.00 price objective on shares of Cintas in a report on Wednesday, July 15th. Finally, Wells Fargo & Company reaffirmed an “overweight” rating and issued a $250.00 price objective (up from $245.00) on shares of Cintas in a research report on Thursday, July 16th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average 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.