Meeder Advisory Services Inc. Buys New Shares in Cintas Corporation $CTAS

Meeder Advisory Services Inc. acquired a new position in shares of Cintas Corporation (NASDAQ:CTAS) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 17,801 shares of the business services provider’s stock, valued at approximately $3,028,000.

Other institutional investors have also recently bought and sold shares of the company. Brighton Jones LLC boosted its holdings in Cintas by 9.3% during the fourth quarter. Brighton Jones LLC now owns 1,268 shares of the business services provider’s stock valued at $232,000 after purchasing an additional 108 shares in the last quarter. Sivia Capital Partners LLC increased its position in shares of Cintas by 42.3% during the 2nd quarter. Sivia Capital Partners LLC now owns 1,441 shares of the business services provider’s stock worth $321,000 after purchasing an additional 428 shares in the last quarter. Gamco Investors INC. ET AL bought a new position in shares of Cintas in the second quarter valued at approximately $625,000. Treasurer of the State of North Carolina raised its position in Cintas by 20.3% in the 2nd quarter. Treasurer of the State of North Carolina now owns 212,192 shares of the business services provider’s stock valued at $47,291,000 after purchasing an additional 35,781 shares during the last quarter. Finally, Ieq Capital LLC raised its holdings in shares of Cintas by 50.2% in the second quarter. Ieq Capital LLC now owns 92,924 shares of the business services provider’s stock valued at $20,710,000 after buying an additional 31,068 shares during the last quarter. Institutional investors and hedge funds own 63.46% of the company’s stock.

Cintas Trading Up 0.8%

CTAS opened at $199.45 on Wednesday. The firm has a 50 day simple moving average of $189.72 and a 200 day simple moving average of $184.77. Cintas Corporation has a fifty-two week low of $161.16 and a fifty-two week high of $219.87. The company has a market cap of $79.81 billion, a price-to-earnings ratio of 53.33, a price-to-earnings-growth ratio of 3.22 and a beta of 0.91. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.43 and a quick ratio of 1.27.

Cintas (NASDAQ:CTAS) last released its 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 firm had revenue of $2.91 billion during the quarter, compared to analyst estimates of $2.87 billion. Cintas had a net margin of 17.75% and a return on equity of 42.05%. The business’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.09 EPS. Cintas has set its FY 2027 guidance at 5.360-5.500 EPS. On average, sell-side analysts anticipate that Cintas Corporation will post 5.49 earnings per share for the current year.

Cintas Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Friday, August 14th will be paid a $0.52 dividend. 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. This represents a $2.08 annualized dividend and a yield of 1.0%. Cintas’s payout ratio is currently 55.61%.

Analyst Ratings Changes

A number of equities analysts have weighed in on CTAS shares. UBS Group reaffirmed a “buy” rating and issued a $230.00 target price (up from $228.00) on shares of Cintas in a research note on Thursday, July 16th. The Goldman Sachs Group reissued a “buy” rating and issued a $231.00 price target on shares of Cintas in a report on Wednesday, July 15th. Bank of America raised Cintas from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $200.00 to $230.00 in a report on Thursday, July 16th. Robert W. Baird increased their price objective on Cintas from $200.00 to $214.00 and gave the company an “outperform” rating in a research report on Thursday, July 16th. Finally, Argus raised Cintas to a “strong-buy” rating in a research note on Friday, July 17th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Cintas has a consensus rating of “Moderate Buy” and a consensus price target of $212.31.

Cintas Company 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.