UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $349.78 Million Stake in Cintas Corporation $CTAS

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its position in Cintas Corporation (NASDAQ:CTAS) by 4.6% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,056,578 shares of the business services provider’s stock after selling 98,722 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Cintas were worth $349,783,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. AMG National Trust Bank bought a new stake in Cintas during the second quarter valued at $1,973,000. Summit Global Investments bought a new position in shares of Cintas in the 2nd quarter worth about $950,000. Oppenheimer Asset Management Inc. bought a new position in shares of Cintas in the 2nd quarter worth about $4,972,000. TimesSquare Capital Management LLC acquired a new position in shares of Cintas in the 2nd quarter valued at about $62,057,000. Finally, Riverbridge Partners LLC boosted its position in shares of Cintas by 7.7% during the 1st quarter. Riverbridge Partners LLC now owns 229,158 shares of the business services provider’s stock valued at $38,760,000 after purchasing an additional 16,437 shares in the last quarter. 63.46% of the stock is currently owned by institutional investors and hedge funds.

Cintas Price Performance

CTAS stock opened at $204.18 on Monday. 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 company’s 50-day moving average is $194.43 and its 200-day moving average is $185.45. The stock has a market capitalization of $81.71 billion, a PE ratio of 54.59, a price-to-earnings-growth ratio of 3.30 and a beta of 0.92. Cintas Corporation has a 1 year low of $161.16 and a 1 year high of $219.16.

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

Cintas Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Friday, August 14th will be issued a dividend of $0.52 per share. 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%. The ex-dividend date is Friday, August 14th. Cintas’s dividend payout ratio is presently 55.61%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on CTAS shares. Argus raised Cintas to a “strong-buy” rating in a research note on Friday, July 17th. Robert W. Baird boosted their price target on Cintas from $200.00 to $214.00 and gave the company an “outperform” rating 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 research note on Wednesday, July 15th. Bank of America upgraded Cintas from a “neutral” rating to a “buy” rating and increased their price target for the stock from $200.00 to $230.00 in a report on Thursday, July 16th. Finally, Weiss Ratings raised shares of Cintas from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, July 10th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Cintas currently has an average rating of “Moderate Buy” and an average price target of $212.31.

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.